Emaar is the developer of the Burj Khalifa and Downtown Dubai and the dominant force in UAE residential and retail real estate. Dubai's property market has been a remarkable demand story driven by high-net-worth migration from Russia, Europe, and South Asia following geopolitical shifts. Emaar's backlog is at record levels and gross margins are structurally higher than most EM developers. The Emaar Malls and Emaar Development subsidiaries provide recurring income layers. Valuation trades at a discount to NAV despite a multi-year delivery pipeline.
Thesis reviewed May 29, 2026
Emaar Properties PJSC is headquartered in United Arab Emirates, which is currently showing moderate signals.
π¦πͺUnited Arab Emirates68NEUTRALView United Arab Emirates risk detail βπReal Estate23AVOID| Ticker | Company | Score | Gap | Signal Ξ | Action |
|---|---|---|---|---|---|
| CCI | Crown Castle Inc. | 28 | +1% | β8% | NEUTRAL |
| O | Realty Income Corporation | 28 | +2% | β8% | NEUTRAL |
| AMT | American Tower Corporation | 28 | +5% | β8% | EARLY |
| WELL | Welltower Inc. | 28 | +9% | β8% | EARLY |
| DLR | Digital Realty Trust, Inc. | 21 | +13% | β8% | EARLY |
| PLD | Prologis, Inc. | 21 | +7% | β8% | EARLY |
| EQIX | Equinix, Inc. | 18 | +17% | β8% | EARLY |
Investors who hold EMAAR.DU may also have indirect exposure through these country funds.
Emaar Q4 property sales reach AED 22B, highest quarter on record; backlog AED 68B
Dubai Mall expansion Phase 2 approved; Emaar Malls tenant demand oversubscribed
UAE Golden Visa reform drives sustained HNW migration; residential absorption above supply