Emaar Properties
Rank: 1
Country: U.A.E.
Founder: Mohamed Alabbar
Date of establishment: 1997
With total assets of $34 billion as of the end of September 2021, Emaar Properties is one of the largest publicly-listed real estate companies by assets in the GCC. It recorded $1.1 billion in net profits for the nine months of 2021, a 57.8% rise compared to $695 million in the same period last year. Emaar Properties reported $5.3 billion in revenues in the nine months of 2021, and the company achieved its highest ever property sales of $7.1 billion in this period, three times more than the nine months of 2020. The company announced a merger with its subsidiary Emaar Malls in March 2021, with over a billion new Emaar Properties shares to be issued to existing Emaar Malls shareholders.