Mohamed Alabbar

Al Abbar is a pivotal figure in Dubai’s economic landscape. Since founding Emaar in 1997, he has transformed it into Dubai’s largest listed developer. In 2024, Emaar achieved a record-breaking performance.

Property sales surged to $17.8bn, a 75 per cent increase from 2023, with 62 new projects launched. Emaar Development’s revenue rose by 61 per cent.

Emaar’s shoppingmalls, including the record-breaking Dubai Mall with 111 million visitors, generated $1.5bn in revenue. The company is also investing Dhs1.5bn to expand Dubai Mall with 240 new luxury stores.

Emaar’s hospitality sector saw $1bn in revenue. Alabbar’s entrepreneurial spirit is further demonstrated through noon.com, a leading e-commerce platform, and Zand Bank, a digital lender, where he serves as chairman.