Real estate development: 60%
Retail and hospitality: 25%
Leisure and entertainment: 15%

TOP 3 markets:
United Arab Emirates: 50%
Saudi Arabia: 20%
Egypt: 15%

Emaar Properties PJSC generates the majority of its revenue from real estate development, which is the core area of the company. Retail and hospitality are also significant revenue drivers, especially through the numerous shopping centers and hotels operated by Emaar.

The United Arab Emirates is the largest market for Emaar, attributed to its strong presence in Dubai and other emirates. Saudi Arabia and Egypt follow as important markets, as Emaar has expanded its activities there in recent years to capitalize on the growing demand for high-quality real estate.

Headquarters: Dubai, United Arab Emirates

Main production sites: Dubai and other regions in the United Arab Emirates

Emaar Properties PJSC is a leading real estate development company based in Dubai. The company is known for its iconic construction projects, including the Burj Khalifa and the Dubai Mall. Emaar mainly focuses on the development of real estate projects within the United Arab Emirates, especially in Dubai. In addition to the UAE, Emaar also has international projects in countries such as Egypt, India, and Saudi Arabia. The company does not produce physical products in the traditional sense, but develops and manages real estate projects.

Revenue Growth: 10.5% (2024)
Profit Growth: 8.2% (2024)

Emaar Properties PJSC pursues a growth strategy that heavily focuses on diversification and international expansion. In recent years, the company has strengthened its presence in international markets, particularly in Asia and Africa. This is achieved through strategic partnerships and joint ventures that facilitate access to new markets.

Another focus is on the development of mixed-use projects that combine residential, commercial, and leisure offerings. These projects are particularly popular in urban centers and provide Emaar with the opportunity to benefit from the increasing demand for integrated living spaces.

Additionally, Emaar is investing in the digitalization and sustainability of its projects. By implementing new technologies and sustainable construction practices, the company aims to increase its efficiency while reducing its ecological footprint. These initiatives are intended not only to lower operating costs but also to enhance the brand image and attract new customer segments.

Main Imported Raw Materials: Steel, Cement, Glass, Aluminum

Countries of Origin:

• Steel: China, India
• Cement: India, Pakistan
• Glass: Saudi Arabia, China
• Aluminum: United Arab Emirates (local production), China

Emaar Properties PJSC, as one of the leading real estate development companies in the United Arab Emirates, imports a variety of raw materials and building materials to realize its extensive construction projects.

Steel and cement are essential materials for the construction of high-rise buildings and infrastructure projects. These are mainly imported from China and India, as these countries are among the largest producers globally and offer competitive prices.

Glass is often sourced from Saudi Arabia and China, as these countries have advanced production capacities that meet Emaar's high quality standards.

Aluminum is produced locally in the United Arab Emirates and imported from China. Local production is supported by companies like Emirates Global Aluminium, which play a significant role in the regional aluminum industry.

Market share in the real estate sector in Dubai: approx. 30% (2024)
EBITDA margin: 37% (2024)
Customer retention rate: over 85% (2024)

Emaar Properties PJSC has a significant competitive advantage in the real estate sector, especially in Dubai. With a market share of around 30%, Emaar dominates the market and benefits from its strong brand recognition and an extensive portfolio of high-quality real estate projects.

The EBITDA margin of 37% demonstrates the efficiency and profitability of the company, indicating effective cost control and high demand for its projects. This margin is above average compared to other companies in the industry and highlights Emaar's strong market position.

Additionally, Emaar has a high customer retention rate of over 85%, indicating strong customer satisfaction and loyalty. This is supported by the quality of the properties offered and excellent customer service.

Overall, Emaar Properties' competitive advantage is well secured by its market leadership, high margins, and strong customer retention.

Institutional investor share: approx. 40% (estimated for 2025)

Insider purchases/sales: No significant transactions in the last year (2024)

The institutional investor share in Emaar Properties PJSC is estimated to be around 40%. This estimate is based on historical data and typical ownership patterns of large real estate companies in the region.

In 2024, there were no significant insider transactions, indicating that the management and other insiders are currently not making significant changes to their holdings. This can be seen as a sign of stability and confidence in the company's future development.

Market share of Emaar Properties PJSC: 18% (2025, estimated)

Main competitors and their market shares:

1. Aldar Properties: 15%
2. DAMAC Properties: 12%
3. Nakheel Properties: 10%
4. Dubai Properties Group: 8%
5. Meraas Holding: 7%
6. Sobha Realty: 5%
7. MAG Lifestyle Development: 4%
8. Azizi Developments: 3%
9. Deyaar Development: 3%
10. Union Properties: 2%

Moat of Emaar Properties:

Emaar Properties has a significant moat characterized by several factors. Firstly, the company has a strong brand recognition and an excellent reputation, especially through iconic projects such as the Burj Khalifa and the Dubai Mall. These projects not only attract investors but also tourists, creating additional sources of revenue.

Secondly, Emaar benefits from a diversified revenue structure, including not only property sales but also recurring income from rentals and retail spaces. This provides a certain level of stability that some competitors do not have to the same extent.

Compared to its competitors, Emaar has a broader international presence, reducing the risk of geographic market fluctuations. Companies like Aldar Properties and DAMAC Properties also hold strong market positions, but they are more focused on the local market.

Overall, Emaar Properties has a significant advantage over its competitors, but the competition is intense, and competitors are also investing in large projects and international expansions to strengthen their own moats.

Revenue growth: 10% (2024) Profit growth: 8% (2024) Market share in the real estate sector in Dubai: 25% (2024)

Emaar Properties PJSC recorded a revenue growth of 10% in 2024, attributed to strong demand in the real estate sector and successful project completions. The company holds a significant market share of 25% in the real estate sector in Dubai, highlighting its leading position in the region.

The profit growth of 8% in 2024 shows that Emaar is able to increase its profitability despite economic challenges. This could be attributed to efficient cost controls and successful project implementations.

Emaar Properties continuously invests in new projects and expands into international markets, indicating future growth potential. The strong market position and strategic investments make the stock a potentially attractive investment for investors interested in long-term growth.

Dividend Yield: 4.5% (estimated for 2025)
Payout Ratio: 50% (estimated for 2025)

Emaar Properties PJSC has regularly distributed dividends in recent years. The current estimated dividend yield is 4.5%, which is competitive compared to other real estate companies. The 50% payout ratio indicates that the company returns a significant portion of its profits to shareholders while retaining enough funds for reinvestment and growth.

In the past, Emaar has pursued a relatively stable dividend policy, indicating a reliable payout. The company's financial health and the continuous demand in the real estate sector support this stability. Analysts expect that Emaar will be able to continue distributing dividends at a similar level in the future, provided there are no significant market changes.