Emaar Properties PJSC, the global property developer, has won the ‘Best Developer in the Middle East and North Africa’ honour at the 2009 Euromoney Real Estate Awards. Emaar also won top laurels as ‘Best Developer in the UAE’ and ‘Best Developer in Saudi Arabia.’
Euromoney Real Estate Awards honour the world’s leading property companies for upholding global best practices in overall project management. Winners are selected through a poll among leading real estate and related industry professionals across the world.
Mr Ahmad Al Matrooshi, Managing Director – UAE, Emaar Properties, said the 2009 award for Emaar, chosen by real estate professionals, highlights the competencies of the company in property development not only in its home-market but across the MENA region.
He said: “Having pioneered the concept of integrated master-planned communities in the UAE, Emaar is undertaking similar projects across key markets in the MENA region. This award reiterates the high standards of project development followed by Emaar across its geographic footprint.”
Mr Naaman Atallah, Chief Operating Officer, Emaar Properties, received the award on behalf of the company, from Mr Clive Horwood, Editor, Euromoney at a gala ceremony held in London.
Mr Horwood said: “Together with the global banking industry, real estate has been through one of its biggest ever crises. That many of the winners of Euromoney’s Real Estate awards have done more than survived, but have thrived, is worthy indeed of celebration. Through the real estate poll, the market has recognised the achievements of these institutions in the face of such difficult conditions, which is why the awards are so richly deserved.”
Emaar had won the Middle East Business Global Competitiveness Excellence Award this year, and the Mohammed Bin Rashid Al Maktoum Business Award (MRM Award) for the company’s contribution to the economic growth of the UAE. Investment Corporation of Dubai (ICD), the investment arm of the Government of Dubai, recognized Emaar Properties PJSC for high value generation.
The company introduced the concept of integrated lifestyle communities in Dubai with Downtown Burj Dubai – described as the ‘new heart of Dubai;’ Dubai Marina, the first and largest of its kind waterfront development in the region; Arabian Ranches, a premium villa and town house community; and Emirates Living, a collection of world-class residences including apartments, villas and town homes.
Emaar is also developing lifestyle neighbourhoods in the MENA region, the Indian Subcontinent, South Asia and North America, apart from strengthening its competencies in shopping malls & retail, hospitality & leisure, education and healthcare.