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Home / About Emaar / Milestones
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| Milestones |  | 1997 - June – Established Emaar Properties PJSC.
- July – Commenced operation.
1998 - Shareholders decide on a two-step capital increase through a 1:1 rights issue, and an extra preferential issue of 65 million shares allocated to the Government of Dubai.
1999 2000 - March: Company listed on Dubai Financial Market – opens capital to foreign nationals.
- November: Established Amlak Finance, UAE’s first property financing company.
- Launches Dubai Marina.
2001 - Announces township in Hyderabad, India.
- May: Establishes Gold and Diamond Park.
2002 - September: Dubai Bank established.
- December: Launches Arabian Ranches.
2003 - February: Announces Burj Khalifa.
- November: Launches The Dubai Mall, the world’s largest shopping mall.
2004 - January: Emaar launches new corporate identity.
- February: Announces association with Giorgio Armani to open hotels.
- June: Announces Downtown Dubai.
2005 - February: Launches Emaar Industries, a private joint stock company with a paid up capital of AED 200 million.
- May: Inks deal with Giorgio Armani to develop international collection of Armani Hotels and Resorts.
- July: Launches Umm Al Quwain Marina – an AED 12 billion (US$3.3 billion) master-planned waterfront community.
- August: Unveils blueprint for US$ 4 billion Uptown Cairo.
- Announces AED15 billion investment to develop 150 malls in MENA and Indian Subcontinent.
- October: Announces US$500 million development in Damascus, Syria.
- November: Unveils AED 4.5 billion (US$1.2 billion) Bahia Bay in Morocco in association with ONA Group.
- December: Emaar-MGF Land Private Limited, a joint venture of Emaar Properties and MGF Developments Limited of India, announces India’s largest FDI in real estate with a capital outlay of US$4 billion.
- December: Unveils SR100 billion King Abdullah Economic City in Saudi Arabia.
2006 - January: Announces investments in education within MENA region and India; acquires Singapore-based Raffles Campus to provide educational expertise.
- March: Announces AED18.35 billion (US$5 billion) investment in healthcare sectors in MENA and South Asia.
- March: Launches US$700 million Tuscan Valley Houses in Istanbul, Turkey.
- May: Launches three real estate developments of total investment AED 8.8 billion (US$2.4 billion) in the cities of Islamabad and Karachi in Pakistan; unveils Canyon Homes in Islamabad.
- May: Opens full-scale Novotel Hotel in Hyderabad, India.
- July: Joins hands with Turner Corporation to form Turner International Middle East Ltd
- August: Acquires Hamptons International, a UK-based premier realtor
- August: Wins tourism resort land from the Egyptian government ; announces EGP 10 billion (AED 6.30 billion/US$1.74 billion) Marassi development.
- September: Acquires Singapore-based Raffles Campus.
- September: Emaar wins ISO 9001:2000 quality certification.
- October: Announces expansion of King Abdullah Economic City by four times to 168 million sq m to become largest ever development in the Middle East.
- October: Emaar the Economic City holds IPO, which is over-subscribed; the company is incorporated and listed in Saudi stock exchange.
- November: Announces expansion into Jordan with Samarah Dead Sea Resort.
- November: Announces opening of joint venture company in Libya with leading development zone, Zowara-Abou Kemash.
- November: Emaar MGF joins hands with Accor to form a joint venture, Budget Hotels India Private Limited, which will develop 100 budget hotels in the country in ten years with planned investments of US$300 million.
2007 - January: Expands the company’s entire property management services portfolio under the Hamptons International brand.
- March: Burj Khalifa, at Level 110, is now the tallest structure in the Middle East and Europe.
- March: Emaar acquires full ownership of its Egyptian subsidiary, Emaar Misr for Development.
- March: Emaar and India-based MGF Group, through their joint venture company, Golden Ace Pte Ltd announces voluntary conditional cash offer for RSH Limited.
- March: Wins the coveted Dubai Quality Award.
- April: Emaar Misr launches two new mixed-use projects near New Cairo City and on the Cairo-Alexandria Desert Road in Egypt.
- April: Expands to Indonesia with the US$600 million (AED2.2 billion) mixed-use development in Central Lombok Island, spread over 1,200 hectares.
- May: As part of its CSR programme, Emaar reconstructs the earthquake ravaged Ngelepen village in Indonesia.
- May: Sponsors four 8-seater and two 30-seater buses for the United Nations Office for Project Service, to upgrade Palestine’s Al Mintar/Karni Border Crossing Project.
- July: Emaar Properties marks international stature with FT Global 500 ranking, making it only one of two companies in the UAE with this international status.
- July: Emaar Properties assigned A- and A3 ratings by Standard & Poor’s and Moody’s.
- July: Burj Khalifa reaches a record high - At 512.1 metres (1,680 feet) and 141 storeys, Burj Khalifa is the tallest building in the world.
- Sep: Burj Khalifa scales 150 storeys and is the world’s tallest free-standing structure.
- Sep: Emaar Properties contributes AED 25 million to Dubai Cares initiative.
- Oct: Emaar enters Algeria with four mixed-use projects valued at US$20 billion.
- Oct: Emaar Properties unveils luxury Armani Residences in Burj Khalifa.
- Oct: Emaar Middle East unveils first phase of SR6 billion Jeddah Gate.
- Nov: Emaar wins ISO 14001:2004 certification.
2008 - an: KAEC signs MoU with EMAL International, a joint venture of Mubadala Development Company and Dubai Aluminium Company, to establish a greenfield aluminum smelter complex with a direct investment of SR18.4 billion (US$5billion).
- Feb: Emaar Turkey signs agreement to purchase 73,571 sq m of prime land in Istanbul; the purchase protocol valued at US$400 million was signed with Toprak Holding.
- March: Emaar signs JV agreement with Bali Tourism Development Corporation to develop Lombok project.
- April: Burj Khalifa, at 629 metres, becomes tallest man-made structure, surpassing KVLY-TV mast in North Dakota.
- April: Signs MoU with Shanghai China-News Enterprise Development Limited to explore mixed-use property and infrastructure projects in key Chinese cities.
- April: Emaar.E.C joins hands with DP World to develop Sea Port in KAEC.
- April: Emaar.E.C signs MoU with GEMS for establishing schools in KAEC.
- May: Emaar Education opens all-girls school in Umm Suqeim
- ay: Emaar Hospitality Group launches The Address Hotels + Resorts, the own hotel brand.
- May: Emaar Middle East unveils multi-billion dollar Al Khobar Lakes residential community in Al Khobar, Saudi Arabia.
- June: Emaar unveils Dubai Fountain, a spectacular water fountain, in Downtown Dubai.
- June: Emaar Education announces opening of Raffles Campus School of Hospitality dedicated to hospitality training.
- June: Emaar unveils Warsan Estate in Dubai.
- June: Emaar Healthcare Group partners with Methodist International of the US to manage hospitals in the Middle East region.
- July: The Address Hotels + Resorts announces first property in Egypt – The Address, Uptown Cairo.
- August: Emaar unveils AED12 billion Mushrif Heights in Dubai.
- September: Emaar Residences at the Fairmont Makkah launched.
- September: The Dubai Mall announces that Bloomingdale’s will be its second anchor store.
- October: Emaar joins hands with Al-Shoala Group of Establishment to develop SR27 billion Rawabi Rumah, a mixed-use community near Riyadh.
- October: The first Address property, The Address Downtown Dubai opens doors to guests.
- November: The Dubai Mall opens marking a history in retail with the largest number of store openings in a single day; the Dubai Aquarium & Underwater Zoo wins Guinness World Record for the ‘World’s Largest Acrylic Panel.’.
- November: Emaar Hospitality Group opens Dubai Marina Yacht Club.
- November: Emaar launches pioneering To Own scheme to make property purchases easier.
- December: The Dubai Marina Mall opens.
- December: Emaar Misr joins hands with Abu Dhabi Municipality to develop and manage the Sheikh Khalifa Bin Zayed Residential City in Cairo.
2009 - January: The Address Hotels + Resorts wins first-ever international contract to manage the Jnan Amar Retreat in Morocco; partnership with AAH Group in Saudi Arabia.
- January: The Dubai Mall opens the spectacular Waterfall.
- February: Armani/Casa opened first dedicated store at The Dubai Mall.
- February: Emaar Boulevard to host first Classic Car Show.
- February: Emaar Misr launches Mivida in New Cairo City.
- March: The Address Dubai Mall completes structural and cladding work.
- April: SAGIA and Emaar.E.C sign MoU with Sanofi-aventis to establish entity in KAEC.
- May: His Highness Sheikh Mohammed Bin Rashid formally opens The Dubai Mall.
- July: Emaar Properties hands over Burj Views homes in Downtown Dubai.
- July: The last cladding panel of Burj Khalifa ready for installation.
- July: Emaar International Jordan unveils second phase of The Apartments at Samarah Dead Sea Resort.
- August: Emaar Middle East receives ISO 9001-2008 quality certification.
- August: Reel Cinemas open at The Dubai Mall.
- August: SEGA Republic indoor theme park opens at The Dubai Mall.
- September: The Address Dubai Mall hotel opens doors to new lifestyle experience.
- September: The Dubai Mall celebrates 1000th store opening; hosts over 1 million visitors during Eid.
- October: Burj Khalifa exterior is complete.
- October: Emaar Properties wins Euromoney Best Developer Awards.
- October: Emaar's first healthcare facility The Dubai Mall Medical Centre opens to offer world-class medical care.
- October: The Dubai Mall crosses landmark 30 million visitors.
- November: Emaar Misr signs EGP 80 million contract with Great Cairo Water Authority for water supply in Uptown Cairo.
- December: The Dubai Mall opens The Grove Dubai's first open-air retail streetscape.
2010 - January: Thousands take part in inauguration of Burj Khalifa, the world’s tallest building.
- January: KidZania opens at The Dubai Mall.
- February: ‘At the Top’ hosts NASA astronauts.
- February: Emaar Healthcare Group opens Meadows Clinic.
- March: Emaar observes Earth Hour on March 27.
- April: Emaar Misr unveils dedicated Diplomats Village in Mivida.
- April: Armani Hotel unveiled in Burj Khalifa, Dubai.
- May: Burj Khalifa welcomes its first residents in Armani Residences.
- May: Emaar International Jordan launches Mediterranean-style apartments in Samarah Dead Sea Resort.
- May: Emaar Healthcare opens Arabian Ranches Clinic.
(Updated: 27 May, 2010) |
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