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Emaar Portfolio Tops $84B Globally

DUBAI-Emaar Properties' portfolio is currently valued at Dh305.57 billion ($84.08 billion), 50% of which is outside the UAE. But the company plans to branch out to China and Algeria.

By Anita Howarth | Updated on August 07, 2006

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DUBAI-It’s an impressive track record. Within nine years of its creation, Emaar Properties has but a Dh305.57-billion ($84.08-billion) international portfolio.Over the past 12 months, the company has launched an aggressive strategy to expand beyond its Middle Eastern heartlands. New figures released by the company reveal that it now has Dh271.13 billion ($73.82 billion) worth of mixed-use projects in Saudi Arabia, Egypt, Turkey, Morocco, Tunisia, Syria, India and Pakistan. It has also bought to major brands–US-based John Laing and UK-based Hamptons International. The development of shopping malls and healthcare projects in the Middle East, North Africa and South Asia are worth Dh33.03 billion ($8.99 billion).

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