Emaar Development Acquires $790M Land Parcel in Ras Al Khor

Emaar Development, the property development arm of UAE-based Emaar Properties, has announced the acquisition of a high-profile land parcel in Dubai’s Ras Al Khor area for approximately $790 million USD (AED 2.9 billion). The deal underscores Emaar’s ambition to expand its portfolio with new large-scale projects in strategic locations across Dubai.

Prime Location Near Dubai Creek Harbour

The land was acquired from Amlak Property Investment and is located adjacent to Dubai Creek Harbour, one of Emaar’s flagship waterfront projects. Known for its skyline views, vibrant promenade, and eco-friendly design near the Ras Al Khor Wildlife Sanctuary, the area has become a magnet for real estate investors and homebuyers alike.

Emaar confirmed the purpose of the acquisition in a market disclosure:

“This strategic land acquisition enables the company to expand its land bank and initiate new real estate projects aligned with its core business,” the company stated.

Financial Structure and Deal Timeline

The purchase, valued at $790 million (AED 2.9 billion), will be fully financed through Emaar’s internal cash reserves, reflecting its robust financial health. The transaction is expected to be completed by July 31, 2025, pending regulatory clearances.

Emaar’s decision to fund the acquisition without external borrowing reflects a disciplined capital strategy and confidence in the long-term demand for high-quality, master-planned communities.

Financial Structure and Deal Timeline

The purchase, valued at $790 million (AED 2.9 billion), will be fully financed through Emaar’s internal cash reserves, reflecting its robust financial health. The transaction is expected to be completed by July 31, 2025, pending regulatory clearances.

Emaar’s decision to fund the acquisition without external borrowing reflects a disciplined capital strategy and confidence in the long-term demand for high-quality, master-planned communities.

Emaar currently has around 20,000 residential units under development across 30 active projects in prime districts of Dubai. The Ras Al Khor land parcel is seen as a major step in strengthening that pipeline, especially given its location near existing infrastructure, roads, and lifestyle destinations.

Although specific plans for the new site have not been released, industry observers anticipate a mix of residential towers, commercial zones, green spaces, and retail offerings, in line with Emaar’s signature master-planned approach.

Market Outlook

This move reinforces Emaar’s position as a market leader in shaping Dubai’s urban landscape. The Ras Al Khor district is poised for transformation, with increased government focus on sustainable development and connectivity.

Analysts note that this acquisition not only reflects optimism about Dubai’s real estate outlook, but also aligns with broader trends of consolidating land holdings in core growth corridors.