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Mohamed Ali Alabbar (Arabic: محمد على العبار; born November 8, 1956) is an Emirati businessman known for founding Emaar Properties, a real estate development company involved in projects such as the Burj Khalifa and the Dubai Mall. He is also the founder and chairman of Eagle Hills, a private investment and real estate development ...
In November 2020, Emaar Properties announced a profit fall of 48% from the beginning of the year until September. [24] In December 2020, Alabbar stepped down as Emaar chairman but continued to oversee the day-to-day activities as managing director. [25] The Dubai Mall, developed by Emaar Properties, is the second world's largest shopping mall. [26]
Emaar South is one of the principal components in Emaar Development's Dubai South project. [43] Emaar South was announced in August 2016 and, upon completion, will encompass 22,700 residential units, leisure facilities, public amenities, and commercial properties, spread over a 6,700,000m² site. [44]
Currently, Kothari is on the Board of Directors of Emaar India, [19] a subsidiary of Dubai-based Emaar Properties, known for developing the Burj Khalifa, the tallest building in the world. [20] [21] Additionally, he has also been a senior advisor to many companies including Softbank, [22] and Noon.com, a Middle East e-commerce company.
Eagle Hills is a private real estate investment and development company based in Abu Dhabi, United Arab Emirates. [1] [2] The company is headed by Mohamed Alabbar, founder and managing director of Emaar Properties, while Emaar Properties PJSC owns a 25% stake in the company since 2023. [3]
Al Ghurair is also the chairman of Al Ghurair Investments, a diversified group with a core focus on foods, commodities, construction and properties. [8] He previously sat on the board of directors of Emaar , Visa International, MasterCard, Dubai International Financial Centre , and was co-chairman of the Arab Business Council.
In 2013 he was named one of the 100 Most Influential Leaders by Inman News [5] and in 2014 he was named as one of the 10 Most Powerful People in Residential Real Estate according to the Swanepoel Power 200. [9] Co-founder Gary Keller announced an executive leadership transition on Feb. 9, 2015, with Chris Heller succeeding Mark Willis as CEO. [13]
In 2006, Shravan's MGF Developments entered into a joint venture with Emaar Properties PJSC Dubai to invest in the Indian realty space. [10] [9] The joint venture company, Emaar MGF, has invested about Rs.8,500 crore in the Indian real estate market, of which about Rs. 7000 crore (INR 70 billion/USD 1 billion) was brought in by Emaar, which represents the largest Foreign direct investment in ...