Delivering Robust Growth

Fair Valuation Overview - GAV By Segment December 2022 Book Value Split 1% 4% 4% 13% AED 132 Bn 57% 21% ■ UAE Development ■Retail & Leasing ■ Associates 69 | EMAAR December 2022 Fair Value Split 3% 1% 3% 29% 48% AED 211 Bn 16% ■International Development ■ Hospitality ■ Others ■ UAE Development ■Retail & leasing ■ Associates ■International Development Hospitality ■ Others Market Value of Assets is ~ 1.6x of the Book Value Fair valuation is carried out by CBRE and other reputable valuers for development properties (including land), investment properties and revenue generating fixed assets. The above fair value do not include fair value of unconsolidated JVs except for listed associates & Rove.

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