Emaar'sAmbitious Vision:Projected$132 Billion inProperty Sales by2040

Emaar Properties, the prominent developer behind Dubai's iconic Burj Khalifa, is poised to reshape the city's real estate landscape by aiming to generate Dh485 billion ($132.15 billion) from its expansive development portfolio by 2040. The robust projection underscores Emaar's enduring influence on Dubai's property market, showcasing its commitment to innovation and sustained growth.

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Emaar Properties Aims for Dh485 Billion in Property Sales by 2040

EFG Hermes, the Egyptian investment bank, predicts that approximately Dh155 billion, equivalent to 32% of the total portfolio, will be realized within the upcoming five years. The bank's analysis underscores the potential for Emaar's properties to maintain their allure and value, drawing interest from a diverse range of buyers. Mai Attia, Managing Director and Head of Real Estate and Construction Sector Research at EFG Hermes, acknowledges the premium status of Emaar's communities, a factor that is expected to uphold its market leadership.

Emaar's Strategic Sales Projection and Expansive Land Holdings

The renowned developer is set to record significant contracted sales figures, with an estimated Dh35.1 billion in 2023, Dh37.3 billion in 2024, and Dh39.4 billion in 2025, demonstrating a trajectory of consistent growth , Emaar's expansive land bank, comprising around 340 million square feet in Dubai, positions it advantageously for navigating the evolving real estate landscape. The company's diverse property portfolio spans retail, residential, commercial, office, and hospitality segments, allowing Emaar to play a multifaceted role in shaping Dubai's urban fabric . Dubai's economy has displayed resilience in its recovery from pandemic-driven challenges, with a 4.6% expansion in the first nine months of the previous year. Moreover, forecasts suggest a 5% growth in 2022 and a projected 3.5% increase in 2023. Emaar's ambitious target aligns with Dubai's continued economic momentum, underpinned by a robust performance across sectors.

Emaar's Integral Role in Elevating Dubai's Global Appeal

As Dubai reinforces its position as a global economic hub, Emaar's role in enhancing the emirate's attractiveness remains pivotal. With a diversified real estate profile encompassing residential, retail, and hospitality segments, Emaar contributes to the city's status as a sought-after destination for investors and high-net-worth individuals ,Dubai's property market has demonstrated remarkable resilience and growth, with total transaction value surging 80% annually to Dh157 billion in the first quarter of the year. This upward trajectory is testament to Dubai's enduring appeal and favorable investment climate , Emaar Properties' upward trajectory is further validated by S&P Global Ratings, which upgraded the company's long-term issuer credit rating, reflecting expectations of strong business performance amid Dubai's property market strength.

Emaar's Innovative Path: Reshaping Dubai's Horizon with Transformative Ventures

As Emaar marches towards a future marked by innovation, it continues to leverage its expertise to introduce transformative projects. The recent launch of the $20 billion luxury waterfront development, "The Oasis by Emaar," underscores the company's commitment to pioneering endeavors that redefine Dubai's urban landscape , EFG Hermes maintains a "Buy" rating on Emaar stock, projecting a target price of Dh9.50, signifying a potential 35% upside. Despite stock performance fluctuations, the bank's analysis reinforces Emaar's solid operational and financial foundation, anticipating a positive trajectory in the short term , Emaar's enduring success narrative encompasses a diverse range of sectors, including retail and hospitality. EFG Hermes anticipates sustained growth in recurring income from the retail segment, driven by projects such as Dubai Hills mall. Additionally, Emaar's hotel revenue is expected to grow by 6.8% annually, bolstered by plans to add 600 hotel rooms by 2026 , In summary, Emaar Properties' strategic vision aligns seamlessly with Dubai's dynamic economic landscape. The company's diverse portfolio and commitment to innovation position it as a cornerstone of Dubai's future growth and prosperity.

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