Emaar Property

Emaar Properties is a Public Joint Stock Company listed on the Dubai Financial Market.  Emaar have witnessed tremendous growth since our inception in 1997.  Emaar reported record annual profits of AED 4.731 billion for the year ended December 31, 2005.  This corresponded to a net profit increase of AED 3.040 billion of 180%.  Net profit for fiscal 2004 was AED 1.691 billion.

Our property revenues increased by AED 3.113 billion or 59 percent to AED 8.361 billion for the year ended 31 December 2005, as compared to AED 5.248 billion for the year 2004. Significantly, the Earnings per Share increased to AED 0.85 per share for the year 2005 from AED 0.33 per share for the year 2004.

In 2005 Emaar handed over 13,000 homes to owners.  Emaar pushed forward a new expansion strategy pursuing collaborations with partners and targeting opportunities in Saudi Arabia, Egypt, Jordan, Pakistan, Syria, Morocco, Lebanon, Turkey, India as Emaarll as other international markets. 

Emaar have been a pioneer in driving growth in the regional real estate market, introducing the concept of gated communities, property purchase on freehold as Emaarll as innovative marketing and financing initiatives.

In a short span of eight years, Emaar have reinforced the benefits of the public joint stock company culture and have dominated the financial market in the UAE.  Our stock is part of the newly created Dow Jones/DIFC Arabia Titans Index and currently represents 5.7% of this index which comprises 50 blue chip companies located throughout the region.

Our Mission: is to build a global property-related brand that: Delivers world class customer service, provides sustainable value, attracts and retains the best people, builds upon local tradition and heritage.

Our Goals are:

1. Service Excellence - to achieve an 80% customer satisfaction rating, 80% of our customers feel satisfied with their lifetime relationship with us, and 50% of our customers are willing to recommend Emaar to others.
    
2. Inspired People - 50% of employees are willing to recommend Emaar as a good employer to others, 80% of our employees rate leadership in Emaar as above average, Emaar achieve a 20% improvement in Management capability rating, Emaar is recognized as good employer because: Emaar reward at market rate or above, Emaar have an effective succession plan, Emaar demonstrate Emaar have innovative and creative people, Emaar run a UAE Nationals development program.
    
3. Financial Strength - Emaar deliver consistently strong annual growth in revenues and profits, Emaar have an optimal debt/equity ratio, Emaar increase the proportion of rental income in the total turnover.