Emaar has played a pivotal role in shaping the modern skyline of Dubai and has expanded its footprint internationally.
[6] The first phase of the company's developmental projects began in 2001 when Emaar awarded the contract in a joint venture to build three of the six apartment towers.
[11] In 2009, John Laing Homes, a subsidiary of Emaar Properties which was acquired in 2006,[12] filed for Chapter 11 bankruptcy protection in the US Court for the District of Delaware.
[13] In July 2010, American businessman Lionel Lombard filed a lawsuit against Emaar Properties and its Chairman Mohamed Alabbar in a California federal court alleging he was wrongfully imprisoned and tortured because he had spoken up on behalf of Emaar foreign workers.
[16] Emaar Malls Group became a publicly traded company on the Dubai Financial Market in October 2014.
The record-setting display consisted of 70,000 LED panels that flashed coloured lights and projections of the country's leaders and other images on the Burj Khalifa.
[24] In December 2020, Alabbar stepped down as Emaar chairman but continued to oversee the day-to-day activities as managing director.
[32] As an extension to Dubai Mall, Emaar began to develop a 55-storey residential building called Downtown Views.
[42] In 2016, Emaar Properties announced plans to build the world's tallest structure, which would be taller than Burj Khalifa.
[43][44][needs update] Through various subsidiaries, Emaar has established property developments and projects in Pakistan, India, Jordan, Egypt, Lebanon, Morocco, the United States, Saudi Arabia, Syria, Iraqi Kurdistan, and Turkey.
[45] Some of the projects have included developments such as the Beit Misk in Lebanon,[46] the Jeddah Gate in Saudi Arabia,[47] and the Samarah Dead Sea Resort in Jordan.
[54] Emaar India has a portfolio of projects spanning all key segments of the Indian real estate industry, including residential, commercial, retail (malls) and hospitality.
[57] Its existing assets and ongoing projects, as also its land banks, are spread across India: Delhi NCR (particularly Gurugram), Mohali, Chennai, Hyderabad, Lucknow, Jaipur and Indore.
Emaar entered India in the early 2000s by winning the bid for the Hyderabad International Convention Centre,[58] A joint venture, the Cyberabad Convention Centre Private Limited (CCCPL), was floated specifically for this project, with the other partner being the Andhra Pradesh Industrial Infrastructure Corporation (APIIC).
Shortly after the announcement, Emaar filed the demerger scheme in the Delhi High Court, and Shravan Gupta of MGF resigned from his operational positions.
undergoing a restructuring exercise, wherein Emaar has taken control of all the ongoing projects of the company to ensure their completion at the earliest.
[62] In late 2021, a Memorandum of Understanding was signed between the governments of Dubai and Jammu & Kashmir to facilitate investment into certain marquee projects.
[66] The project includes the development of a special economic zone along the Red Sea coast 60 miles north of Jeddah.
[67] The KAEC development is projected to be about the same size as Washington, D.C. when completed and the zone is estimated to house approximately 2 million people and assist in aiding the Saudi Arabian economy in expanding beyond oil to light and shipping industry.
[70] Emaar completed the first phase of the Tuscan Valley venture by 2007, which included the development of luxury villas and commercial space just outside Istanbul.