Dubai, UAE, January 23, 2006: Emaar Properties PJSC, the world’s No. 1 real estate developer in terms of market capitalization of over US$40 billion, was awarded ‘Best Real Estate Brand in the GCC’ at the recent Middle East Excellence Awards ceremony.
Ahmad Al Matrooshi, Emaar Managing Director for the United Arab Emirates, was presented with the award in recognition of Emaar’s outstanding contribution to the real estate sector in the GCC.
“It is always an honour to receive awards that recognize the hard work and success of Emaar’s real estate projects. To be recognized as the ‘Best Real Estate Brand in the GCC’ is a real achievement and Emaar is proud to be considered as industry leaders in this highly competitive sector,” said Ahmad Al Matrooshi.
With a judging panel comprised of respected experts, analysts, regional and global government representatives and business leaders, Emaar was awarded the ‘Best Real Estate Brand’ award on a range of criteria including: financial results, corporate responsibility, service integrity, customer satisfaction, range of services, commitment to nationalization, leadership and innovation.
Founded in 1995, the Awards recognise and rewards extraordinary achievers from the Middle East. In drawing attention to their success, the Middle East Excellence Institute aims to encourage and inspire future generations of achievers.
Since its inception in 1997 Emaar has witnessed tremendous growth and a rapidly expanding tenant base. Having handed over more than 12,000 homes, Emaar constantly strives to create master planned communities for a growing Dubai population while creating new architectural benchmarks for global property developers.
Emaar is also making inroads into new markets with joint ventures and projects across the region covering Saudi Arabia, Egypt, Jordan, Morocco, Syria, India and Pakistan. Emaar’s most recent international development is that of ‘King Abdullah Economic City’ - a mixed use development covering 55 million square metres. As the single largest private sector investment in the Kingdom of Saudi Arabia of US$26.6 billion, the City will create six distinct components - a modern world-class Seaport, Industrial District, Financial Island, Education Zone, Resorts and The Residential Area.
