Emaar Development, the UAE’s leading real estate developer, has made headlines with its latest acquisition aimed at expanding its master communities in Dubai. This strategic move highlights the company’s commitment to growth and innovation in the ever-evolving property market of the region.
The acquisition involves a significant land plot in Ras Al Khor, purchased for AED2.9 billion (approximately $790 million) from Amlak Property Investment. Although the exact size of the land remains undisclosed, the investment signals Emaar’s determination to reinforce its footprint in one of Dubai’s most promising areas. The deal is anticipated to be finalized by July 31, paving the way for future development in this pivotal location.
Located within the Ras Al Khor area, the acquired land is noteworthy not just for its strategic significance but also for its ecological value. Ras Al Khor is home to a magnificent wetland reserve that attracts a variety of migratory birds, providing a unique juxtaposition of urban development and natural preservation. This balance between development and sustainability is increasingly important as Dubai continues to grow. Notably, both government-backed Wasl Properties and the private developer Sobha Realty have initiated projects within the vicinity, further contributing to the area’s burgeoning real estate landscape.
In addition to this latest acquisition, Emaar Development has been actively expanding its portfolio. In 2024, the company reported securing an impressive 141 million square feet of prime development land, with a projected total value of AED96 billion. This substantial growth reflects Emaar’s ambitious plans and its vision to continue transforming the urban fabric of Dubai, as noted by the chairman Adnan Kazim in the integrated annual report for 2024.
Moreover, Emaar Development’s financial outlook appears robust. It announced that its backlog growth surpassed AED100 billion by the end of the first quarter of 2025, marking a remarkable 52 percent year-on-year increase. This backlog represents the future revenue from property sales that will be recognized over the coming years, showcasing the company’s strong market position and customer demand.
The land bank held by Emaar now encompasses a gross area of 170 million square feet available for development across the UAE. At an average development pace, this is expected to yield at least 12 years of sales, according to information available on the company website. This extensive land bank not only reinforces Emaar’s developmental capabilities but also ensures a steady pipeline of projects to meet future market needs.
In the financial market, Emaar’s share performance reflects investor confidence, closing at AED13.40, which is a modest increase of 0.4 percent on the Dubai Financial Market. This stability in share price can be attributed to the company’s ongoing projects and strategic acquisitions, reassuring shareholders of its promising prospects.
