Alabbar founded Emaar in Dubai in June 1997. Emaar Properties has a presence across MENA and Asia, with a total land bank of 1.7 billion square feet. Since 2002, it has delivered over 102,000 residential units globally and owns and manages 38 hotels and resorts. By the end of the first 9 months of 2023, Emaar recorded revenues of $5 billion and total assets of $37.3 billion. The company had a market cap of $16.8 billion as of November 14, 2023. Its subsidiaries include Emaar Entertainment, Emaar Malls Management, and Emaar Hospitality Group, which have delivered mega projects such as the Burj Khalifa and Dubai Mall. Alabbar is also the chairman of Americana Restaurants.