Investor Presentaiton

Fair Valuation Overview - GAV By Segment (Cont'd) GAV: Development Properties GAV: Fixed Assets EMAAR 2020 2019 2020 2019 AED Million Book Fair Value Value UAE Book Value Value 21,962 37,586 22,365 36,644 Fair Book Fair Book Fair AED Million Value Value Value Value Hotels & Egypt 5,415 8,778 4,102 7,523 5,491 7,309 4,967 6,905 Convention Center Turkey 1,199 1,516 1,167 1,753 India 9,744 12,261 10,952 12,816 District 636 636 678 678 KSA 704 892 722 944 Cooling Plant Pakistan 539 2,094 759 1,869 At The Top 251 251 271 271 USA 499 494 621 616 Leisure & 967 967 762 762 Lebanon 554 847 661 1,011 Entertainment Morocco 299 466 302 517 Other Assets 2,933 2,933 4,222 4,222 Syria 18 18 53 52 Total 40,933 64,952 41,704 63,745 Total 10,278 12,096 10,900 12,838 57 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. Note: In Q1'21 revenue recognition policy of Emaar Egypt has been changed retrospectively from over a period of time to point in time method due to recent contract enforcement trends, legal opinions and industry practice. Accordingly, the prior periods numbers have been restated. EMAAR PROPERTIES

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