Delivering Robust Growth

Emaar In "The Value Zone" Emaar Properties is Trading at Significant Discount to its NAV despite Superior Financial Metrics ■Market Cap (AED Bn) 57% -46% -26% -65% 52.0 Premium (Discount) to BV 51.2 ▲ Premium / (Discount) to NAV 2 2014 8 | EMAAR 1) Market valuation based on share price as at 6th March 2023; 2) NAV as of 31st December 2022 20221

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