With a net asset value of AED 177.5 Bn (USD 48.3 Bn)*, Emaar Properties is among the most admired and valuable real estate development companies in the world. Emaar, which has established competencies in real estate, retail and shopping malls, hospitality, and leisure, shapes new lifestyles through its commitment to design excellence, build quality, and timely delivery.
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A Leasehold property refers to a property leased by Emaar Properties to a Lessee for a specified term. A Freehold property is a property that is sold outright for a specific purchase price to a Purchaser and there is no limit on ownership rights.
A mortgage is a type of loan where the borrower pledges the title/property documents to real estate as collateral for a loan. In the event the borrower fails to repay the loan on time, the lender has the legal right to foreclose on the property and sell it to recover the outstanding debt/loan.