Dubai Land Deal: Significant Investment

Emaar is investing Dh2.98 billion to acquire land in Ras Al Khor from Amlak Property Investment. This purchase adds to Emaar's already extensive land holdings in Dubai. The deal follows another significant land acquisition by BinGhatti in Nad Al Sheba, demonstrating continued developer investment in the emirate.

This Ras Al Khor land acquisition aligns with Emaar's strategic growth plans, allowing for the expansion of its land portfolio and the development of new real estate projects. Emaar's recent project launches, such as The Valley and The Oasis, have seen strong investor interest, and high-rises in Dubai Creek Harbour continue to boost sales. The deal is expected to close by July 31.

Emaar Properties' revenue backlog reached Dh127 billion by the end of Q1-2025, reflecting a 62% year-on-year increase. This financial performance underscores the company's robust position in the market and its ability to capitalize on growth opportunities.