Emaar Development, the construction subsidiary of Dubai’s largest listed real estate company, Emaar Properties, has acquired a prime plot of land in Ras Al Khor as part of its strategy to expand in response to the emirate’s booming property market.
The plot was purchased from Amlak Property Investment for AED 2.9 billion ($789 million), with the total cost including associated transaction fees. The acquisition will be funded entirely through Emaar’s internal resources, with full payment expected upon transfer of the land by July 31, 2025.
This strategic move will significantly enhance Emaar Development’s land bank as the company looks to launch new real estate projects in the area. Known for delivering large-scale master-planned communities such as Downtown Dubai, Dubai Marina, and Dubai Creek Harbour, Emaar Development continues to play a leading role in shaping the city’s skyline.
In the first quarter of 2025 alone, the developer launched 12 projects across its existing master plans in the UAE, reaffirming its build-to-sell (BTS) business model and strong market momentum.
