Milestones

1997

June – Established Emaar PJSC.
July – Commenced operation.

1998

Shareholders decide on a two-step capital increase through a 1:1 rights issue, and an extra preferential issue of 65 million shares allocated to the Government of Dubai.

1999

Launches Emirates Hills.

2000

March: Company listed on Dubai Financial Market – opens capital to foreign nationals.
November: Established Amlak Finance, UAE’s first property financing company.
Launches Dubai Marina.

2001

Announces township in Hyderabad, India.
May: Establishes Gold and Diamond Park.

2002

July: Launches Emrill.
September: Dubai Bank established.
October: Launches telecom and technology arm Sahm Technologies.
October: Launches sale of homes at Al Sahab tower in Dubai Marina.
December: Launches Arabian Ranches.

2003

February: Completes construction of man-made wall at Dubai Marina.
February: Announces Burj Khalifa.
Enters final phase of Clubhouse and Hotel at The Montgomerie, Dubai.
June: Starts hand over of The Greens.
September: Dubai Marina is ready for occupancy.
October: Emaar Towers ready for tenants.
November: Launches The Dubai Mall, the world’s largest shopping mall.
November: Starts hand over of The Meadows.

2004

January: Emaar launches new corporate identity.
February: Announces association with Giorgio Armani to open hotels.
Opens head office at Emaar Business Park.
May: Signs MoU with Mawared, the National Resources Investment and Development Corporation of Jordan.
June: Announces Downtown Dubai.
September: Launches The Old Town at Downtown Dubai.
October: Emaar hands over 5,000 homes.
November: Launches Burj Khalifa Lake Serviced Hotel and Apartments at Downtown Dubai.
December: Dr. Mahatir Mohamad, the former prime minister of Malaysia, and Prime Minister Abdullah Ahmad Badawi visit Emaar Properties’ Burj Khalifa Downtown.
December: Identifies partners and locations for property development in Libya.

2005

January: Launches Arno at the Views.
February: Launches Emaar Industries, a private joint stock company with a paid up capital of AED 200 million.
May: Dubai's Executive Council mandates Emaar to develop the housing project for UAE nationals in Dubai as part of the Shaikh Mohammad Bin Rashid Housing Programme.
May: Former Prime Minister of Singapore Goh Chok Tong visits The Dubai Mall Leasing Centre.
May: Inks deal with Giorgio Armani to develop international collection of Armani Hotels and Resorts.
Completes hand over of 10,000 homes.
June: Announces 1:1 rights issue to increase shares.
July: The Dubai Mall signs AED 73 million agreement to introduce edu-tainment concept Kidzania.
July: Opens Burj Khalifa Downtown Presentation Center.
July: Launches Umm Al Quwain Marina – an AED 12 billion (US$3.3 billion) master-planned waterfront community.
August: Unveils blueprint for US$ 4 billion Uptown Cairo.
September: Launches Burj Khalifa Business Hub at Burj Khalifa.
September: Launches The Lofts at Burj Khalifa.
Announces AED15 billion investment to develop 150 malls in MENA and Indian Subcontinent.
October: Signs MoU with Egyptian government to build Smart Village.
October: Announces AED 1.2 billion (US$327 million) Amelkis II luxury residential golfing complex in Marrakech.
October: Wins first Real Estate Awards by Euromoney.
October: Announces US$500 million development in Damascus, Syria.
November: Launches The Old Town Island at Burj Khalifa Downtown.
November: Introduces 8 Boulevard Walk at Burj Khalifa Downtown.
November: Unveils AED 4.5 billion (US$1.2 billion) Bahia Bay in Morocco in association with ONA Group.
November: Rolls out Emiratisation programme, Afaq.
December: Launches South Ridge towers at Downtown Dubai.
December: Emaar-MGF Land Private Limited, a joint venture of Emaar Properties and MGF Developments Limited of India, announces India’s largest FDI in real estate with a capital outlay of US$4 billion.
December: Unveils SR100 billion King Abdullah Economic City in Saudi Arabia.

2006

January: Wins ‘Best Real Estate Brand in the GCC’ at the Middle East Excellence Awards.
January: Wins three awards at first Euromoney Gulf Real Estate Awards for its contribution to property development; follows it up later in the year winning Best Developer of the Year – UAE and Egypt.
January: Announces investments in education within MENA region and India; acquires Singapore-based Raffles Campus to provide educational expertise; unveils plans to open first international school in Singapore; Emaar’s educational institutions to offer Technical and Further Education (TAFE) programmes offered by Australia’s Box Hill Institute of Technical and Further Education.
March: Announces AED18.35 billion (US$5 billion) investment in healthcare sectors in MENA and South Asia.
March: Launches US$700 million Tuscan Valley project in Istanbul, Turkey.
March: Completes hand over of Alvorada homes at Arabian Ranches.
Breaks ground in Al Warqaa constructing 544 villas at a cost of AED 575 million for Mohammed bin Rashid Housing Program.
April: Launches Dubai Polo and Equestrian Club; supports Dubai Ladies Masters tournament.
April: Breaks ground on US$3.4 billion Saphira development at Rabat, Morocco.
May: Emaar Misr for Development S.A.E., a subsidiary of Emaar, and Artoc Group for Investment and Development, signs MoU with the Alexandrina Bibliotheca (Alexandria Library) for a waterfront redevelopment project.
May: Joins hands with Saudi-based real estate company Al Oula Development on Jeddah Hills - a SR 42 billion (US$11.2 billion) community.
May: Launches three real estate developments of total investment AED 8.8 billion (US$2.4 billion) in the cities of Islamabad and Karachi in Pakistan; unveils Canyon Homes in Islamabad; hosts first-ever international sale of Emaar.
May: Opens full-scale Novotel Hotel in Hyderabad, India.
June: Acquires John Laing Homes, the second largest privately held US homebuilder.
June: Signs MoU with the Syrian General Organization for Housing to float a new company.
June: Announces Nuran Serviced Residences.
June: Breaks ground on US$500 million Eighth Gate development in Syria.
July: Joins hands with Turner Corporation to form Turner International Middle East Ltd.
August: Acquires Hamptons International, a UK-based premier realtor, thus extending market reach to cover practically the entire Western hemisphere; Emaar Property Services joins hands with Hamptons to share synergies.
August: Wins tourism resort land from the Egyptian government in a keenly contested bid; announces EGP 10 billion (AED 6.30 billion/US$1.74 billion) Marassi development.
September: Acquires Singapore-based Raffles Campus.
September: Emaar wins Pakistani government approval to build a model city of development value US$43 billion (AED 158 billion) in Bundal and Buddo near Karachi as a joint venture with Port Qasim Authority.
September: Commences property ownership transfer.
September: Emaar wins ISO 9001:2000 quality certification.
September: Hosts first ever international sales in Pakistan of Mirador villas at Canyon Homes, Islamabad.
September: The Montgomerie, Dubai, Emaar’s exclusive golf resort, wins Dubai’s Leading Golf Resort award at 13th Annual World Travel Awards.
October: Burj Khalifa scales Level 80.
October: Announces expansion of King Abdullah Economic City by four times to 168 million sq m to become largest ever development in the Middle East.
October: Announces opening of first international school in Singapore.
October: Emaar the Economic City holds IPO, which is over-subscribed; the company is incorporated and listed in Saudi stock exchange.
October: Announce plans to raise US$1 billion through Musharaka Islamic Syndication to finance large-scale projects internationally and in the UAE.
October: Gold and Diamond Park hands over office units at its Phase 2 and 3 expansion.
November: Announces expansion into Jordan.
November: Announces opening of joint venture company in Libya with leading development zone, Zowara-Abou Kemash.
November: Appoints Citigroup as lead manager and sole arranger for the company’s debut US$1 billion Musharaka Islamic syndication.
November: Emaar MGF joins hands with Accor to form a joint venture, Budget Hotels India Private Limited, which will develop 100 budget hotels in the country in ten years with planned investments of US$300 million.
November: Opens Nuran Al Majara Residences at Dubai Marina, marking the launch of Emaar’s Nuran brand of fully serviced residences.
November: Wins Construction Week’s Developer of the Year award for adherence to build quality, aesthetics, timely delivery and evidence of intelligent master-planning.
November: Breaks ground on educational institutions in Dubai.
December: Burj Khalifa scales Level 95.
December: Showcases international projects of development value US$60 billion at Cityscape.
December: Wins Property Company of the Year at Arabian Business Awards 2006.

2007

January: Announces record net profit of AED6.371 billion (US$1.735 billion) and revenue of AED14.006 billion (US$3.813 billion) – an increase of 35 and 68 per cent respectively over year 2005.
January: Expands the company’s entire property management services portfolio under the Hamptons International brand.
January: Burj Khalifa reaches Level 100 and is now one of only six structures in the world that are 100 levels or more high.
January: Umm Al Quwain Marina Presentation Centre opens.
February: Offers purchase option to residents of its only leased out properties – The Lakes and The Greens.
February: Announces plans to develop King Abdullah Economic City as the world’s first truly-integrated ‘smart city’.
February: Umm Al Quwain Marina unveils second phase of residences.
March: Burj Khalifa, at Level 110, is now the tallest structure in the Middle East and Europe.
March: Emaar and Dubai Holding announces that the two companies have reached an agreement by which Emaar will issue 2.364 billion shares to Dubai Holding in lieu of land.
March: Emaar Properties acquires full ownership of its Egyptian subsidiary, Emaar Misr for Development.
March: Emaar and India-based MGF Group, through their joint venture company, Golden Ace Pte Ltd announces voluntary conditional cash offer for RSH Limited.
March: Emaar launches serviced apartments at The Dubai Mall Hotel and Serviced Apartments.
March: The ninth Annual General Meeting of Emaar reveals revamped equity structure that leads to creation of Emaar PJSC as the new parent conglomerate.
March: Unveils Tanaro residential tower with The Views.
March: Wins the coveted Dubai Quality Award.
March: Showcases Burj Khalifa and other international developments at MIPIM, Cannes.
March: Emaar Malls signs agreement with Galeries Lafayette department store to open the Middle East region’s first Galeries Lafayette department store in The Dubai Mall.
April: Emaar Misr launches two new mixed-use projects near New Cairo City and on the Cairo-Alexandria Desert Road in Egypt.
April: Emaar, The Economic City contracts Saudi Binladin Group to build the first residential apartments at King Abdullah Economic City.
April: Expands to Indonesia with the US$600 million (AED2.2 billion) mixed-use development in Central Lombok Island, spread over 1,200 hectares.
April: Announces first quarter 2007 results posting a net profit of US$0.469 billion (AED1.721 billion) and revenue of US$1.063 billion (AED3.904 billion); Net profit and revenue grows 13 per cent and 74 per cent respectively over first quarter of 2006.
April: Emaar Education commences student registration for its three Raffles International Schools in Dubai.
April: Opens exclusive one-stop customer centre for residents and home buyers of Downtown Dubai.
April: Launches Centro Towers, a new residential project in Downtown Dubai.
April: At Level 120, Burj Khalifa sets new global record for having more floors than any building in the world; at 422.5 metres, it is now taller than Empire State Building in New York and John Hancock Centre in Chicago.
May: As part of its CSR programme, Emaar reconstructs the earthquake ravaged Ngelepen village in Indonesia in a joint initiative with the World Association of Non-Government Organizations.
May: Sponsors four 8-seater and two 30-seater buses for the United Nations Office for Project Service, to upgrade Palestine’s Al Mintar/Karni Border Crossing Project.
May: Emaar is Regional Summit Partner of the World Economic Forum (WEF) in the Middle East meeting in Dead Sea, Jordan.
May: Emaar, The Economic City signs SR494 million contract with Saudi Oger to build residences at King Abdullah Economic City.
June: Department of Health and Medical Services and Emaar Healthcare Group join hands with Joslin Diabetes Center and Harvard Medical Faculty Physicians.
June: Emaar finalising master-plan of its largest-ever global project in Libya.
June: Emaar unveils Dubai Marina Mall and Hotel in Emaar’s Dubai Marina mixed-use community.
June: Emaar launches its first phase of 29 Burj Khalifa Blvd residences at its Downtown Dubai Development.
July: Emaar Properties wins global awards for innovative technology application at the Commercial Real Estate Digital Innovation Awards.
July: Emaar Properties marks international stature with FT Global 500 ranking, making it only one of two companies in the UAE with this international status.
July: Emaar Properties assigned A- and A3 ratings by Standard & Poor’s and Moody’s.
July: Emaar unveils Marina Plaza, the only commercial tower within Dubai Marina.
July: Emaar Misr unveils Cairo Gate, the largest lifestyle and entertainment mall in Egypt.
July: Emaar Misr opens the world’s largest sales centre at Uptown Cairo.
July: Burj Khalifa reaches a record high - At 512.1 metres (1,680 feet) and 141 storeys, Burj Khalifa is the tallest building in the world.
Aug: Emaar and Dubai Holding to explore joint venture opportunities in Dubai.
Aug: Emaar International Jordan launches sale of Samarah Hillside on August 18 in Dubai.
Aug: Emaar launches sale of Ghadeer town homes at The Lakes.
Aug: Emaar Properties listed in Top 10 of Standard & Poor’s IFCG Extended Frontier 150 Index.
Aug: Emaar Morocco finalises masterplan for Tinja resort community in Tangiers.
Aug: Emaar, The Economic City signs SR250 million contract with Huta Group.
Sep: Emaar launches Claren residential towers and boulevard apartments at Downtown Dubai.
Sep: Burj Khalifa scales 150 storeys and is the world’s tallest free-standing structure.
Sep: Emaar Malls vitalizes Dubai’s social scene with Souk Al Bahar at Downtown Dubai.
Sep: Emaar Properties contributes AED 25 million to Dubai Cares initiative.
Oct: Emaar enters Algeria with four mixed-use projects valued at US$20 billion.
Oct: Emaar Properties unveils elite Polo Homes at the Dubai Polo & Equestrian Club.
Oct: Emaar Properties showcases new global projects and sponsors at Cityscape 2007.
Oct: Emaar Properties unveils luxury Armani Residences in Burj Khalifa.
Oct: Emaar Middle East unveils first phase of SR6 billion Jeddah Gate.
Nov: Emaar Malls completes 100% concrete work of Dubai Marina Mall.
Nov: Mr Alabbar receives Lifetime Achievement Award.
Nov: Emaar wins ISO 14001:2004 certification.
Nov: Emaar Malls completes phase 2 & 3 expansion of Gold & Diamond Park.
Nov: Emaar.E.C signs MoU with SATLUB.
Dec: Emaar forms JV with United Utilities.
Dec: Emaar wins Property Company of the Year Award.
Dec: Emaar Misr appoints contractor for Marassi.

2008

Jan: Burj Khalifa continues ascent.
Jan: Emaar Middle East awards contracts for developing Jeddah Gate infrastructure.
Jan: Emaar International Jordan appoints design and pre-construction consultants for Samarah Rift.
Jan: Emaar Education partners with Stryx Sports Marketing SAE to establish the FCBEscola Dubai Soccer Academy, run by coaches from FC Barcelona football club.
Jan: Emaar Malls Group joins hands with SEGA Corporation to develop indoor theme parks in Emaar’s malls, starting with The Dubai Mall.
Jan: Emaar-MGF holds roadshows to announce IPO in India.
Jan: Emaar Middle East launches sale of Jeddah Gate homes in Dubai.
Jan: Emaar announces FY2007 results; net profits increase by 3 per cent to AED6.575 billion (US$1.790 billion) and revenue increases by 25 per cent to AED17.566 billion (US$4.782 billion) over year 2006.
Jan: Emaar records sell-out success for its Standpoint homes in Downtown Dubai.
Jan: KAEC signs MoU with EMAL International, a joint venture of Mubadala Development Company and Dubai Aluminium Company, to establish a greenfield aluminum smelter complex with a direct investment of SR18.4 billion (US$5billion).
Feb: Emaar hosts fourth Emaar International Art Symposium as part of DSF.
Feb: Emaar Board of Directors propose 20 per cent cash dividend to be ratified at AGM In March.
Feb: Emaar MGF opens Indian IPO; withdraws and postponed to an appropriate time as a result of prevailing adverse market sentiments.
Feb: Emaar Turkey signs agreement to purchase 73,571 sq m of prime land in Istanbul; the purchase protocol valued at US$400 million was signed with Toprak Holding.
Feb: Emaar-IGO hosts exclusive sale of Eighth Gate commercial space in Dubai.
Feb: Burj Khalifa completes 50 per cent cladding work.
Feb: Samarah Dead Sea Resort to pursue LEED certification for Samarah Rift building.
March: Burj Khalifa is focus of the 8th World Congress of the Council on Tall Buildings and Urban Habitat held in Dubai; Emaar is Platinum Sponsor of the event.
March: Emaar’s community managers become first in the region to achieve Certified Manager of Community Association (CMCA) certification.
March: Emaar wins Mohammed Bin Rashid Al Maktoum Business Award in Real Estate Development category.
March: Emaar AGM ratifies 20 per cent cash dividend.
March: Emaar signs JV agreement with Bali Tourism Development Corporation to develop Lombok project .

(Last Revision: March 26, 2008)