Emaar Joint Venture Projects: Analysis of Land Bank, Units, and Developer Ownership

While Emaar Properties is famous for master-planned communities, not all of its major developments are 100% owned by Emaar. Six of Emaar’s largest and most high-profile communities are structured as Joint Ventures (JVs) with major government-backed entities, spanning over 23,035 units and 89 million square feet of strategically located land in Dubai.

What Are Emaar’s Major Joint Venture (JV) Real Estate Communities in Dubai?

Emaar frequently partners with key Dubai master developers and authorities, such as Meraas, Mina Rashid Properties, DACC (Dubai Aviation City Corporation), and DWTC (Dubai World Trade Centre), to execute mega-scale urban developments.

Here is a breakdown of Emaar’s six key joint venture communities, complete with unit counts, sales percentages, and remaining land bank reserves:

1. Dubai Hills Estate

• JV Partner: Meraas (50:50 Joint Venture)
• Key Feature: Centered around an 18-hole championship golf course.
• Units & Sales: 9,040 units launched, 96% sold to date.
• Remaining Land Bank: 21.7 million sq. ft.

2. Rashid Yachts & Marina

• JV Partner: Mina Rashid Properties (70:30 Joint Venture)
• Key Feature: Premium residential marina on the Arabian Gulf coast at Mina Rashid.
• Units & Sales: 4,290 units launched, 89% sold to date.
• Remaining Land Bank: 7.6 million sq. ft.

3. Dubai Estate

• JV Partner: 50% Joint Venture (Signed in 2025)
• Key Feature: Formerly known as Emaar Estate, situated adjacent to Dubai Hills.
• Status: 33.4 million sq. ft. land bank; no residential units launched yet.

4. Emaar South

• JV Partner: DACC (Dubai Aviation City Corporation) (50% Joint Venture)
• Key Feature: Located within the strategic Dubai South master plan near Al Maktoum International Airport.
• Units & Sales: 5,569 units launched, 96% sold to date.
• Remaining Land Bank: 24.7 million sq. ft.

5. Zabeel Square

• JV Partner: Meraas (50% Joint Venture)
• Key Feature: High-density mixed-use development adjacent to Zabeel Park.
• Units & Sales: 1,748 units, 99% sold.
• Remaining Land Bank: 0 sq. ft. (Fully utilized / No land bank remaining).

6. Expo Living

• JV Partner: DWTC (Dubai World Trade Centre) (50% Joint Venture)
• Key Feature: Urban residential community situated right beside Expo City.
• Units & Sales: 2,388 units, 83% sold to date.
• Remaining Land Bank: 1.7 million sq. ft.
  
  

Frequently Asked Questions (FAQ)

Does Emaar fully own all of its real estate developments in Dubai?

No. Many of Emaar’s flagship communities are joint ventures with key government entities and master developers like Meraas, DWTC, and DACC.

Why does Emaar partner in Joint Ventures?

Joint ventures allow Emaar to combine its development expertise and brand equity with prime, strategically located government land banks across Dubai (such as Expo City corridors, coastal marinas, and aviation hubs).