Delivering Robust Growth
Consolidated
Results
UAE Development
International
Development
UAE Development - Current Project Status
100% Owned Developments
Emaar Malls
Emaar Hospitality
Consolidated JV
Equity Accounted
JV
Others
Ras Al Khaimah
Dubai
Downtown
Dubai
Arabian
Ranches
4
Dubai
Marina
6
Emirates
Living
6
Emaar
Beachfront
The Valley
Dubai
Creek
Rashid
Yachts &
Emaar
(100% owned land
7
Lusaily
Hills
South
bank); Zabeel
Total
Marina**
(50%)
(50%)
(70%)
Square (JV with 50%
share) ³
Units Under Development *
7,831
2,636
799
277
3,267
1,518
5,918
In Planning Stage
2,569
673
1,655
In Planning Stage
27,143
Area Under Development (Mn sqf)
9.2
5.3
0.9
0.3
3.5
2.7
5.7
In Planning Stage
4.4
0.7
2.4
In Planning Stage
35.1
Project Value (AED Bn)
25.9
6.8
2.1
0.8
11.9
3.0
12.0
In Planning Stage
10.0
1.5
2.2
In Planning Stage
76.3
% Units Sold
100%
100%
100%
96%
100%
99%
96%
In Planning Stage
98%
62%
98%
In Planning Stage
98%
% Value Sold
99%
100%
99%
96%
99%
99%
94%
In Planning Stage
97%
61%
96%
In Planning Stage
97%
% Collected of sold units
46%
36%
41%
18%
35%
24%
33%
In Planning Stage
29%
14%
42%
In Planning Stage
37%
1
Revenue Backlog
6.8
5.2
1.3
0.8
7.9
2.5
5.8
In Planning Stage
9.0
0.9
1.1
In Planning Stage
41.3
Gross Margin Achieved 2
43%
36%
47%
41%
43%
36%
40%
In Planning Stage
60%
35%
33%
In Planning Stage
43%
Remaining GFA to be launched in future (*)
Total Remaining GFA
0.4
(Mn Sqf)
43
4.3
0.0
00
0.0
5.4
42.1
97.5
143.3
40.0
10.7
29.2
3.5
376.6
Remaining GFA of Build-to-Lease
(BTL) / Build-to-Operate (BTO) (Ⓡ)
(Mn Sqf)
0.4
0.1
0.0
0.0
0.5
0.5
24.3
0.0
13.7
0.2
3.0
0.4
43.2
Remaining GFA of Build-to-Sale
0.0
4.2
0.0
0.0
4.9
41.6
73.2
143.3
26.3
10.6
26.2
3.1
333.4
(BTS) (Mn Sqf)
# Based on launches till 31 December 2022
1) Sales value of units sold but not yet recognised as revenue under IFRS, including 100% of joint ventures backlog as of 31 December 2022
2) Based on units sold as at 31 December 2022 of projects under development, margin is not necessarily indicative of margin at completion
3) JV numbers are based on the 100% of project under JV and not proportional to Emaar's share, while Emaar's entitlement/share of profits is 50%
4) Includes Arabian Ranches III
5) Includes 96 Mn sqf in the perimeter of Emaar Properties PJSC and 47 Mn sqf of Lusaily extension under Emaar Development PJSC. Since it is in planning stage, GFA is subject to change based on the finalized masterplan
6) Includes a project launched under the perimeter of Emaar Properties PJSC
7) Emaar Properties PJSC has fully acquired Dubai Creek Harbour in December 2022 from JDA partner
*Details are based on current master plan as of 31st Dec 2022
** 'Rashid Yachts & Marina', formerly 'Mina Rashid'
@BTL/ BTO are being developed by Emaar Development PJSC for and on behalf of Emaar Properties PJSC at an agreed development fee
35 EMAARView entire presentation