NewsReal estate

Emaar Properties Secures Title of World’s Fastest Growing Brand in 2024

Emaar Properties, a leading real estate development company, has been recognized as the fastest growing real estate brand in 2024, according to the list of the 25 most valuable brands in the global real estate industry, published by the British brand research company Brand Finance.

Emaar Properties earned this title through its success in capitalizing on the opportunities presented by the UAE market and maintaining a strong presence for its projects in key areas of Dubai.
Furthermore, its $2 bn acquisition of Dubai Creek Harbour has bolstered its potential for significant future profitability. This acquisition also resulted in Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai, becoming the second-largest shareholder in Emaar.
Emaar’s brand value has reached $2.7 bn, marking a remarkable 29% year-on-year increase and placing it among the fastest growing real estate brands globally. In the UAE, Emaar secured the second position, while it ranked sixth in the Middle East as the strongest brand.
It is noteworthy that in 2022, Emaar achieved commendable performance in its recurring revenue business. The company witnessed a 25% increase in revenues from the hospitality sector and an 8% increase in mall revenues, benefitting from the strong recovery of UAE tourism following the pandemic.

Related posts

AE Media Production cooperates with Ebny Development in 3 different projects in New Sohag

Mahmoud khalil

The most top soughtafter destinations in new cities.

Mahmoud khalil

El Gazzar: New Cities’ Officials Inspect Various Projects.

admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy

Do you like us? Subscribe Now

Join our newsletter and get all newest submissions first! New stuff everyday!