Emaar Development Acquires Prime Land for $798m Expansion
Deal News | May 30, 2025 | Zawya
Emaar Development, a leading subsidiary of Dubai's largest listed real estate firm, Emaar Properties, announced the acquisition of a plot of land in Ras Al Khor for 2.9 billion dirhams ($789 million) from Amlak Property Investment. This strategic move aims to leverage the ongoing property market boom by launching new real estate projects. The deal will be financed using Emaar Development's internal resources, with the full purchase price to be paid by July 31, 2025. This acquisition adds to Emaar's extensive land bank, which supports their master-planned communities' growth. In Q1 2025 alone, the company launched 12 projects in the UAE. Emaar Development is renowned for its landmark developments like Downtown Dubai and Dubai Marina.
Sectors
- Real Estate Development
Geography
- United Arab Emirates – Emaar Development is based in Dubai, UAE, and the acquired land is also located in Ras Al Khor, Dubai, indicating the geographical focus of the company's operations and investments.
Industry
- Real Estate Development – This industry involves the acquisition, sale, and development of land and properties, which is precisely what Emaar Development is engaged in through its latest land purchase.
Financials
- $789 million – The total cost of the land acquisition in Ras Al Khor by Emaar Development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Emaar Development | Buyer | Company | A subsidiary of Emaar Properties, focused on large-scale real estate development in Dubai. |
| Amlak Property Investment | Seller | Company | The company from which Emaar Development purchased the land plot in Ras Al Khor. |
| Emaar Properties | Parent Company | Company | Dubai's largest listed real estate company, and the parent company of Emaar Development. |