Emaar Properties unveiled a Dh200 billion megaproject for Dubai. The development is slated to accommodate almost 150,000 people across more than 4.5 million square metres of land. It will combine residential towers, villas, mansions, Grade‑A offices, shops and luxury hospitality, according to the company’s statement on Thursday. The location has yet to be disclosed, but Emaar said views of the Burj Khalifa, Burj Al Arab and Palm Jumeirah will be on offer, adding a distinctive skyline backdrop to the new community.
Project scope and amenities
The master plan divides the site into five distinct zones: a business hub, an urban district, a cluster for young families, a family‑living zone and an exclusive gated villa enclave. The enclave will host five‑ and six‑bedroom houses with private gardens, cascading water features and resort‑style amenities that surpass previous offerings in Dubai. Emaar’s land bank for the master plan totals about 600 million square feet of mixed‑use development options, with roughly 317 million square feet already situated in the UAE, underscoring the scale of the developer’s pipeline.
“What we are about to reveal is our most extraordinary dream yet,” said Mohamed Alabbar, founder of Emaar Properties. “This development reflects our deep confidence in the future of the UAE.” — Mohamed Alabbar, Founder, Emaar Properties
Designed as a 20‑minute city, the project aims to link to the Metro and incorporate smart mobility infrastructure, intelligent building systems and digital connectivity. Emaar describes the layout so that most daily needs are within a short walk or transit ride.
Community facilities will include schools, healthcare centres, mosques and cultural venues, creating a self‑contained urban environment. A central park will host sports courts, event lawns, water parks, beaches and outdoor wellness zones, offering residents a range of recreational options within walking distance. The park’s diverse amenities are intended to serve both families and active individuals, reinforcing the development’s mixed‑use character.
Financial backdrop and shareholder shift
Emaar reported a near‑35 percent rise in first‑quarter profit to about Dh5 billion, with revenue climbing 23 percent to Dh12.4 billion. Sales reached Dh22.4 billion, up 16 percent, while the revenue backlog stood at roughly Dh163.4 billion, a 29 percent increase year‑on‑year. The company highlighted that its land reserve is strategically positioned to support ongoing expansion and long‑term value creation for shareholders, a point emphasized in its earnings report.
In a recent shareholder move, Dubai Holding acquired a 22.27 percent stake in Emaar from the Investment Corporation of Dubai, becoming the developer’s largest shareholder. Dubai Holding’s total holding now rises to 29.73 percent.
Frequently asked questions
What is the total cost of Emaar megaproject in Dubai?
The Emaar megaproject is estimated to cost Dh200 billion.
How many people will be housed in the Emaar megaproject?
The development will accommodate nearly 150,000 residents.
What is the size of the Emaar megaproject in Dubai?
The project spans over 4.5 million square metres of land.
