Emaar Development Acquires Strategic Ras Al Khor Land for $790 Million, Expanding Dubai Creek Harbour Vision
Dubai real estate giant Emaar expands its footprint with a landmark $790 million land acquisition in Ras Al Khor, setting the stage for transformative future developments.
Dubai’s leading real estate powerhouse secures prime Ras Al Khor parcel from Amlak Property Investment, fueling future growth in one of the city’s fastest-evolving districts
Dubai’s real estate landscape continues to evolve as Emaar Development, a flagship property developer, makes a significant acquisition in the Ras Al Khor area. The company has purchased a substantial tract of land from Amlak Property Investment for AED 2.9 billion (approximately $790 million), signaling ambitious plans to expand its footprint in this dynamic region.
Ras Al Khor, already home to Emaar’s mega-successful Dubai Creek Harbour project, is positioned as one of Dubai’s fastest-growing hubs, blending waterfront living with innovative urban development. This latest land acquisition underscores Emaar’s commitment to shaping the future of the area, leveraging the parcel’s considerable development potential.
The transaction, inclusive of associated charges, highlights a strategic move by Emaar to capitalize on the ongoing transformation and increasing demand in Dubai’s real estate market. The purchase further cements Emaar’s leadership in driving forward Dubai’s vision of creating world-class, sustainable urban environments.
This deal also reflects the broader shifts in the UAE job and property markets, as developers respond to heightened investor interest and the emirate’s continued economic diversification. By investing heavily in Ras Al Khor, Emaar is poised to enhance the living experience in the area while delivering value to stakeholders and residents alike.
With this acquisition, Emaar Development not only strengthens its portfolio but also contributes to Dubai’s stature as a global real estate hotspot, paving the way for innovative projects that blend luxury, sustainability, and community living.
As Dubai continues its upward trajectory, all eyes will be on Ras Al Khor and Emaar’s upcoming developments, which promise to redefine urban life in one of the world’s most vibrant cities.
