Emaar's H1 2024 Rally: Celebrating Achievements and Future Prospects

Emaar successfully completed its mid-year internal staff rally, presenting significant milestones and achievements. Dubai, UAE, July 10, 2024 – Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar’s leadership reviews and shares the Company’s operational performance and way forward with the staff. During the rally, Emaar presented significant milestones and achievements across all areas of its operations. Commenting on the company’s performance in the first half of 2024, Mohamed Alabbar stated: “Our performance in H1 2024 shows Emaar’s relentless pursuit of excellence and innovation. We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future.” Some of the highlights presented during Emaar’s H1 2024 Rally include: Emaar Development saw remarkable progress with 30 launches successfully completed, resulting in the sale of 8,400 units within the first six months, representing 56% growth. Emaar partnered with 995 agencies and trained 5,945 agents through the Emaar Academy to achieve such growth. Certain significant projects, including Address Residences Zabeel and Palace Residences Dubai Hills Estate, sold 2,500 units each in just seven days, highlighting Emaar’s strong market presence and appeal. The company awarded 50 construction contracts worth AED 8.7 billion. Additionally, Burj Khalifa achieved LEED Platinum certification for sustainable construction, further showcasing Emaar's commitment to sustainability. Emaar’s malls, including Dubai Mall, continued to thrive, with Dubai Mall being recognised as the most visited place on Earth in 2023 with 105 million visitors. In H1, 2024, the mall recorded 8% increase in footfall as compared to the same period in 2023. Enhancements such as improved carpark availability and world-class washroom designs further elevated the visitor experience. Emaar Entertainment and Dubai Opera experienced unprecedented success, with record-breaking attendance at Dubai Opera, attracting 250,000 spectators. The Marassi Aquarium & Underwater Zoo, the largest in Bahrain, and the first IMAX with Laser in Bahrain’s Reel Cinemas, showcased Emaar’s commitment to delivering exceptional entertainment experiences. Operational excellence remained a key focus, with 2,331 fire safety and emergency preparedness training sessions conducted, training 6,561 Emaar and retailer staff. Emaar Community Management effectively managed water accumulation during heavy rainfall in April, ensuring continuous support and recovery for affected communities. Emaar notably offered free repairs for all residential units within its communities which were affected by the heavy rains. More than 4,500 homes were repaired until end of June 2024. Emaar’s project development continued to excel, earning the ‘Developer of the Year’ award by Arabian Business. With 30 launches completed and 8,400 units sold in H1 2024, representing a 56% growth compared to H1 2023, Internationally, Emaar marked significant achievements with the 100% sale of Urban Oasis in Gurgaon during its launch and substantial progress in Panorama and The Views in Karachi. Emaar Hospitality celebrated numerous accolades, including Forbes Travel Guide 5-Star Ratings for Address Istanbul, Address Beach Resort, and Armani Hotel Dubai. New openings and rebranding efforts, such as the rebranding of Address Dubai Mall and the opening of Palace Dubai Creek Harbour, underscored Emaar’s commitment to delivering exceptional hospitality experiences. Customer excellence remained at the forefront, with over 21,000 service requests handled, 6,000+ unit registrations managed, and 3,500+ units handed over to customers in H1 2024. Additionally, 500+ mystery shopper audits were conducted to ensure the highest standards of service. Emaar's H1 2024 rally focused on the company's dedication to innovation, quality, and customer satisfaction. Looking ahead, Emaar remains committed to its mission of creating a lasting legacy of excellence by inspiring success in every community it serves.

-ENDS-

  Note to Editors: About Emaar Properties Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank over 1.7 billion sq. ft. in the UAE and key international markets. With a proven track-record in delivery, Emaar has delivered over 109,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. m. of leasing revenue-generating assets and 34 hotels and resorts with over 8,700 keys (includes owned as well as managed hotels). Today, 38% of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries. Burj Khalifa, a global icon, Dubai Mall, the world's most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations. Follow Emaar on: Facebook: www.facebook.com/emaardubai, X: www.twitter.com/emaardubai, Instagram: www.instagram.com/emaardubai. For more information: Emaar Marketing Department Email: [email protected]