Monday 15/Sep/2025 – 12:36 AM
Emaar Real Estate Company, the leading Dubai, is considering entering new international markets through merging and acquisition deals in major countries such as the United States, India and China, in a move first of its kind within a global expansion strategy driven by a strong boom in the local real estate market.
Emaar Real Estate expanded its ambitions through global merging deals and acquisition
Dubai real estate prices have witnessed a remarkable increase in recent years, which strengthened the performance of the partly owned by the Dubai Investment Corporation, where net reconstruction profits before taxes jumped by 25% to reach 18.9 billion dirhams ($ 5.1 billion) in 2024, and increased by 34% during the first half of 2025, which encouraged them to move forward towards external markets.
“The financial power of Emaar means that its board of directors is seriously discussing a serious global strategy, and the real goal is to radically expand, it is like growth through acquisition,” Mohamed Al -Abbar, the founder of Emaar and a member of its board of directors, told the Financial Times.
Al -Abbar added that the success of the company in the Emirates market made the need for external expansion: “strong reconstruction in the Emirates, but Dubai may have become very small for us to continue this growth story.”
He pointed out that the company, which has previously established subsidiaries in Egypt and Saudi Arabia, is now studying a strategy that relies on acquiring existing companies, instead of creating new entities, benefiting from the low levels of their debts, which gives it the ability to easily borrow to finance these operations.
Al -Abbar stressed that his recommendation to the Board of Directors is based on investing in major local companies in the targeted markets, as this is more effective than starting new projects than scratch. He also stressed the flexibility of reconstruction in the nature of partnerships and relationships that may arise once the acquisition targets are determined.
The expansion plan targets major markets such as the United States, India, China and Europe, with a special focus on India, which is one of the most important foreign reconstruction markets. The company has about 122 million square feet of land until the end of 2024, and is currently discussing a possible joint project with local developers, including the “Adan” group.
Al -Abbar denied the authenticity of the reports that talked about the intention of reconstructing its work in India to the “Adani” group, stressing: “We do not sell, and in fact, we were looking for local partners to establish a local joint venture.”
It is noteworthy that the total Emaar Land portfolio reached about 1.87 billion square feet by the end of 2024, of which 175 million square feet outside the UAE, with the exception of the “Economic City” project in Saudi Arabia, which has an area of 1.1 billion square feet.
Al -Abbar concluded his remarks by saying: “How can we intelligently and reasonably take property rights and leverage and do something real? This is what we focus on in the next stage.”
