Top 5 Developers in UAE
Emaar Properties was set up with an initial capital of USD 274 million and now has a net profit of AED 2.617 billion (2020). The total sales backlog in 2020 was AED 36.617 billion with AED 24.738 in the UAE. Property sales accounted for AED 10.9 billion with AED 6.321 billion made in the UAE alone. Emaar Properties has handed over more than 72,000 residential units in 2020.
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The DAMAC Properties developer has been leading the construction of significant real estate developments in the Middle East for almost 20 years. The company forms the premium property market and builds shopping and recreational centers in the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon and the UK. As of June 30, 2021, DAMAC Properties has completed more than 35,000 projects, with another 30,000 projects under construction underway today.
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Nakheel is one of the largest developers in Dubai. Their most famous projects are Palm Deira, Palm Jebel Ali, Palm Jumeirah, and the artificial archipelago Dubai World. The company has built many residential areas in Dubai, including Jumeirah Lake Towers, The Gardens, International City, and Jumeirah Island. The firm’s portfolio also includes the Ibn Battuta Mall shopping area and the famous Dragon Mart.
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Aldar Properties has been a dominant force in the UAE real estate market for many years, leveraging its deep understanding of the local landscape and its strong ties to the Abu Dhabi government. With a focus on sustainable development and community-oriented projects, Aldar has established a reputation for delivering high-quality, innovative real estate solutions. Aldar’s portfolio includes a wide range of successful projects, showcasing its expertise in various real estate sectors. Some of its most prominent developments include Yas Island, Saadiyat Island, Al Raha, and Reem Island.
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Sobha Developers Ltd is a young development company founded in 2012. It is a subsidiary of the large Indian holding company, Sobha Developers, which has been operating since 1976. Sobha Developers is a large multinational holding company that is engaged in construction activities in many countries in the world such as India, China, Oman, Tanzania, Bahrain, and the UAE etc.
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