The History and Overview of Emaar Properties Essay

Emaar PropertiesEmaar Properties is a real estate development firm that is headquartered inDubai, United Arab Emirates. The company was established in 1997 to servethe UAE's property development sector. This paper is interested inexploring how Emaar Properties has grown to become an internationalcompany. Since 1997, the company has grown to become one of the globalleaders in real estate development serving clients spread in differentcompanies The company prides itself for overseeing iconic building such asthe Burj Khalifa, (the tallest building in the world) and the Dubai Mall(ArabianBusiness.com, 2014). The company is currently headed by MohammedAlabbar who doubles up as founder and chairman of the company. The companyalso prides itself as being one of the largest employers in the Middle Eastregion with a workforce capacity of 10,000 employees. The company's islisted in the Dubai Financial market as DFM EMAAR. The firms' stock pricewas traded at 6.690 AED as at 15th December 2014 which represents a rise of0.60. Based on the stock performance of Emaar properties I would withoutany doubts invest in the company by purchasing its stock (Bloomberg, 2014).This is because the company has managed to maintain a consistent growth inits stock prices. Unlike other firms that were impacted by marketuncertainties and, the global recession the Emaar has managed to showsteady growth in its stock.Besides stock performance, the company's strong brand signals that it willcontinue to perform well in the market. As mentioned earlier, Emaar hasexpanded its business activities beyond United Arab Emirates borders.Specifically, the company has entered into strategic partnership withvarious nations including Saudi Arabia, Turkey, India, Syria, North Africaand North America to expand their infrastructural capacities. For instance,the company recently signed deal a mega-deal with Giorgio Armani to developArmani Hotels spread in different parts of the world. These businesspartnerships indicate that the company is on an...

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