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Investor Presentaiton

Fair Valuation Overview - GAV By Segment December 2019 Book Value Split 2% 4% December 2019 Fair Value Split 3% 1% 22% 7% 23% 42% 38% 5% 35% 18% EMAAR Total AED 117 Bn Total AED 184 Bn ■ UAE Development ■Retail & Leasing ■ Associates ■International Development Hospitality ■ UAE Development Retail & leasing ■International Development Hospitality ■ Others ■ Associates ■ Others 57 EMAAR PROPERTIES Market Value of Assets is 1.6x of the Book Value Fair valuation is carried out by CBRE, JLL and other reputable valuers for development properties (including land), investment properties and revenue generating fixed assets. The above do not include fair value of unconsolidated JVs and JDAS except those that are listed associates & JVs.
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