Delivering Robust Growth

AED Bn Sum of The Parts Valuation Analysis Emaar's market cap¹ AED 51 Bn 51.2 Emaar Properties 9 | EMAAR 17.7 Emaar's share of Listed companies AED 22 Bn 1.9 1.9 0.6 Emaar Dev. Emaar MISR EEC Amlak 1) Based on share prices as of 6th March 2023 EMAAR Current share price implies significant discount to Emaar's unlisted businesses 29.1

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