Emaar Properties: ESG Initiatives and Global Impact
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Questions and Answers

What primary sector does Emaar Properties operate within?

  • Real Estate Development and Property Management (correct)
  • Technology and Software Development
  • Energy and Natural Resource Exploration
  • Financial Investments and Asset Management

Which geographical regions constitute Emaar Properties' core operational areas?

  • Australia, Oceania, and Antarctica
  • Eastern Europe, Central Asia, and Russia
  • North America, South America, and Europe
  • The Middle East, North Africa, and Asia (correct)

What is Emaar Properties known for in the context of urban development within the UAE?

  • Developing master-planned communities and lifestyle destinations. (correct)
  • Pioneering advancements in automotive manufacturing.
  • Leading innovations in renewable energy solutions.
  • Establishing the country's technological infrastructure.

What is the overarching strategic goal that Emaar Properties pursues through its operations?

<p>To shape new lifestyles and experiences globally. (A)</p> Signup and view all the answers

What aspect distinguishes Emaar Properties from other real estate companies?

<p>Providing premium residential, commercial, and retail spaces. (B)</p> Signup and view all the answers

Emaar Malls Management oversees the Dubai Mall, which is known as the most visited mall globally. Based on the information, what is the approximate Gross Leasable Area (GLA) managed by Emaar Malls?

<p>9.7 Million sq. ft. (C)</p> Signup and view all the answers

Emaar International operates in 12 key countries. Considering the number of delivered and sold units, what can be inferred about Emaar's development projects?

<p>Completition rates lag slightly behind sales, with slightly more units sold than delivered. (B)</p> Signup and view all the answers

Emaar's Hospitality division has a portfolio of 34 hotels with over 8,700 keys. What is the average number of keys per hotel in Emaar's hospitality portfolio?

<p>Approximately 256 keys per hotel (A)</p> Signup and view all the answers

Emaar Malls Management reports a 97% occupancy rate across its properties. What does this high occupancy rate suggest about Emaar's retail spaces?

<p>Emaar's retail spaces are highly desirable for brands and retailers. (A)</p> Signup and view all the answers

Emaar International boasts a landbank of over 1.3 Billion sq. ft. Of this, 1.1 Billion is specified. What percentage of the developed landbank is unspecified?

<p>Approximately 15% (C)</p> Signup and view all the answers

What is the primary function of Emaar's ESG Steering Committee?

<p>To ensure ESG considerations are integrated into corporate governance. (A)</p> Signup and view all the answers

Why did Emaar debut at WETEX 2023 and the Dubai Solar Show?

<p>To showcase the Emaar Sustainability Hub and explore sustainable technologies. (C)</p> Signup and view all the answers

What impact is the expansion aiming to achieve, beyond enhancing the mall's appeal?

<p>Strengthening economic ties between the UAE and China. (B)</p> Signup and view all the answers

Which of the following best describes the role of the dedicated ESG head appointed by Emaar?

<p>Developing and driving Emaar's overall ESG strategy. (D)</p> Signup and view all the answers

What is the purpose of the 'Emaar Sustainability Hub' initiative?

<p>To drive sustainability discussions and showcase related technologies. (B)</p> Signup and view all the answers

Which areas are related to Emaar's retail and leisure offerings according to the text?

<p>Greenside, Parkside Views, Club Drive, and Park Gate. (C)</p> Signup and view all the answers

Complete this sentence. The ESG Steering committee was established to...

<p>Ensure an appropriate level of oversight of ESG topics. (B)</p> Signup and view all the answers

What action did Emaar take to reinforce its dedication to its ESG strategy?

<p>Appointed a dedicated ESG head. (D)</p> Signup and view all the answers

Which of the following statements accurately reflects the data provided about Dubai Hills Malls?

<p>It attracts more than 17.5 million footfalls and contains over 223 keys. (A)</p> Signup and view all the answers

A hospitality offering is described as a scenic getaway overlooking the man-made Crystal Lagoon. Which additional detail helps to identify its location?

<p>Its location at Dubai’s Creek Harbour. (B)</p> Signup and view all the answers

Based on the data, what can be concluded about the relationship between 'Address Grand' and 'Dubai Hills Malls'?

<p>There is no direct relationship established between 'Address Grand' and 'Dubai Hills Malls'. (A)</p> Signup and view all the answers

If a potential investor is primarily concerned with the number of retail options available, which aspect of Dubai Hills Malls would be most relevant?

<p>The 550+ retail outlets. (D)</p> Signup and view all the answers

Considering the details provided, which element appears to be a shared attribute between the 'Hospitality' offerings and 'Dubai Hills Malls'?

<p>Data related to gross asset value. (A)</p> Signup and view all the answers

What is the approximate annual footfall of the flagship mega-development described?

<p>11 million (B)</p> Signup and view all the answers

Which of the following best describes the primary feature of The Views Emaar Oceanfront?

<p>A luxury residential experience with seascape views. (B)</p> Signup and view all the answers

If GLA stands for Gross Leasable Area, what is being measured by the 'Area under development' metric?

<p>The total area of a project that is currently under construction or being planned. (D)</p> Signup and view all the answers

What can be inferred about the occupancy rate of the retail outlets in the 500-acre flagship mega-development?

<p>More than 85% of the available retail spaces are currently occupied. (D)</p> Signup and view all the answers

Which of the following properties is associated with Karachi’s Oceanfront?

<p>The Views (A)</p> Signup and view all the answers

If AED 656 Mn is the gross asset value of The Views Emaar Oceanfront, and there are 410+ residential units, what calculation would best approximate the average asset value per unit?

<p>Divide 656 Mn by 410 (C)</p> Signup and view all the answers

What is the relationship between Dubai Marina and the 500-acre flagship mega-development?

<p>Dubai Marina is a component of the 500-acre flagship mega-development. (B)</p> Signup and view all the answers

How does the area under development of The Views Emaar Oceanfront relate to its gross leasable area (GLA)?

<p>The area under development is larger than the GLA. (C)</p> Signup and view all the answers

Besides the GRI 2021 Standards, which international framework guided the creation of the report?

<p>United Nations Sustainable Development Goals (UN SDGs) (B)</p> Signup and view all the answers

In the context of the report, what overarching theme is associated with 'Opportunities'?

<p>Navigating challenges and embracing change to cultivate business resilience (A)</p> Signup and view all the answers

According to the report, what is the primary focus within the 'Environment' section?

<p>Responsible practices and conservation (A)</p> Signup and view all the answers

Which element serves as the foundation for supporting both 'Opportunities' and 'Risks', as mentioned in the report?

<p>Governance (D)</p> Signup and view all the answers

If a reader wants to find more details regarding the restatements of non-financial information, where should they look?

<p>The GRI content index (C)</p> Signup and view all the answers

What is the main emphasis of the 'Social' aspect within the report's framework?

<p>Cultivating empathy and fostering connection (A)</p> Signup and view all the answers

Within the context of the report, what does 'Risks' primarily involve?

<p>Proactively mitigating threats and adapting strategies (A)</p> Signup and view all the answers

Besides GRI 2021, the report references another standard. Which aspect of reporting does this other standard primarily address?

<p>Environmental, Social, and Governance (ESG) factors (D)</p> Signup and view all the answers

Flashcards

What is Emaar?

Emaar Properties PJSC is a global property developer.

Emaar's property types?

Emaar focuses on residential, commercial, and retail spaces.

Emaar's main regions?

Emaar has a significant presence in the Middle East, North Africa, and Asia.

What are Master-Planned Communities?

They develop large, planned residential areas.

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What are Bespoke Lifestyle Destinations?

Emaar creates tailored lifestyle destinations.

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GRI Standards

A set of standards for sustainability reporting.

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UN SDGs

A collection of 17 global goals set by the UN to achieve a better and more sustainable future for all.

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DFM's ESG Guide

Framework for Environmental, Social, Governance Reporting by Dubai Financial Market.

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Restatements

Changes made to previously reported non-financial data.

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Risks

External factors that may negatively impact organizational objectives.

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Business Resilience

The ability to adapt and thrive in the face of challenges and changes.

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Opportunities

Positive external circumstances that allow an entity to grow or improve.

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Conservation

Practices aimed at preserving natural resources.

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Emaar International?

Oversees masterplans, malls, and hotels across 12 countries.

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Emaar Malls Management?

Manages the world's most visited mall, the Dubai Mall.

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Emaar Malls GLA?

9.7 million sq. ft. of leasable area with 3,000+ retail units.

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Emaar's Hospitality arm?

Includes three global hotel brands and 12+ leisure destinations.

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Emaar's Landbank?

A land resource available for future development.

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Dubai Hills Mall

A shopping center developed by Emaar, featuring a large number of retail outlets and high foot traffic.

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Footfalls at Dubai Hills Mall

Over 17.5 million visitors to Dubai Hills Mall.

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Retail Outlets at Dubai Hills Mall

More than 550 stores located within Dubai Hills Mall.

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Address Hotels

A hotel brand by Emaar known for scenic views in areas like Dubai Creek Harbour.

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Vida Hotels

A hotel brand by Emaar known for scenic views in areas like Dubai Creek Harbour.

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Emaar's Flagship Development

A mega-development by Emaar spanning 500 acres.

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Emaar's Popular Destinations

One of the world's most visited destinations with the world's tallest building and most visited mall.

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Total Area (Footfall)

More than 1.6 million square feet.

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Footfall

Approximately 11 Million+

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Emaar Square Mall GLA

Emaar Square Mall contains 1.48 Million sq.ft.

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Dubai Marina

Largest man-made marina development (3.5 sq.km).

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The Views (Emaar Oceanfront)

Luxury living with seascape views.

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The Views Residential Units

410+

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ESG Steering Committee

A committee established to integrate Environmental, Social, and Governance factors into company management and oversight.

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Embedding ESG

The practice of incorporating ESG considerations into a company's established organizational structure and operational guidelines.

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Dedicated ESG Head

Individual appointed to lead the creation and implementation of a company's Environmental, Social, and Governance plan.

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Inaugural Presence

A company's initial showing or venture at a trade show or expo, marking their entry into that event.

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WETEX

A gathering focused on water, energy, technology, and environmental solutions.

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Sustainability Hub

An initiative created to encourage debates, display, and investigate eco-friendly technologies and methods in urban expansion.

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Refining Retail Offerings

Expanding the range of shops, restaurants, and entertainment options.

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Strengthening economic ties

Strengthening financial connections or cooperation between two nations through economic activities.

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Study Notes

  • Emaar Properties PJSC is a global property developer providing residential, commercial, and retail spaces.
  • Emaar has a significant presence in the Middle East, North Africa, and Asia.
  • Emaar develops master-planned communities and lifestyle destinations, shaping lifestyles across the world.
  • The report references GRI 2021 Standards, UN SDGs, and DFM's Guide to ESG Reporting.
  • The report contains restatements of some non-financial information from the previous year.

ESG Initiatives

  • An ESG Steering Committee was established to embed ESG considerations into corporate governance.
  • A dedicated ESG head was appointed to develop and drive Emaar's ESG strategy.
  • Emaar debuted the Emaar Sustainability Hub at WETEX 2023 to drive sustainability discussions and showcase sustainable technologies in urban development.

Key Figures

  • Emaar International operates in 12 countries.
  • Emaar's landbank is approximately 1.3 billion sq. ft.
  • Emaar has delivered over 42,000 units.
  • Emaar has sold over 48,300 units.
  • Emaar has 10 hotels.
  • Emaar Malls Management developed the Dubai Mall.
  • Emaar Malls Management has a GLA of 9.7 million sq. ft.
  • Emaar Malls Management has 3,000+ retail units.
  • Emaar Malls Management has 2,200+ brands.
  • Emaar Malls Management has an occupancy rate of 97%.
  • Emaar Hospitality has 34 hotels with 8,700+ keys.
  • Emaar Hospitality has a GLA of ~2.5 million sq.ft.

Dubai Creek Harbour

  • Dubai Creek Harbour is a 500-acre mega-development.
  • Dubai Creek Harbour includes the world’s tallest building.
  • Dubai Creek Harbour includes the world’s visited mall.

Dubai Marina

  • Dubai Marina is the largest man-made Marina (3.5 sq.km) development.
  • Dubai Marina has a total development area of 66 million sq. ft.

Dubai Hills Malls

  • Dubai Hills Malls has footfalls of 17.5+ million.
  • Dubai Hills Malls has 550+ retail outlets.

Emaar Square Mall

  • Emaar Square Mall has a GLA of 1.48 million sq. ft.

The Views Emaar Oceanfront

  • The Views Emaar Oceanfront has a GLA of 916,232 sq.ft.
  • The Views Emaar Oceanfront has an area under development of 1.38 million sq. ft.
  • The Views Emaar Oceanfront has a gross asset value of AED 656 Million.
  • The Views Emaar Oceanfront has 410+ residential units.

Address Grand Creek Harbour

  • Address Grand Creek Harbour has a gross asset value of AED 583 Million.
  • Address Grand Creek Harbour has 223 keys.

Hotel Brands

  • Emaar operates Address Hotels, Vida Hotels and Armani Hotels.

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Related Documents

EMAAR Integrated Report 2023 - PDF

Description

Emaar Properties PJSC focuses on global property development with a strong presence in the Middle East, North Africa, and Asia. They are committed to ESG practices, as demonstrated by their ESG Steering Committee, dedicated ESG head, and the Emaar Sustainability Hub. The company operates internationally, with a substantial landbank and thousands of units delivered.

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