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Emaar strengthens roots in India, building future with new alliances.

Emaar Drops India Stake Sale, Eyes JV with Adani Group.

Dubai-based Emaar Properties has ruled out selling its stake in Emaar India and is instead exploring a joint venture with leading Indian business houses, including the Adani Group. In a filing with the Dubai Financial Market on September 18, the company clarified it is “no longer considering sale of any stake” in its Indian operations. Emaar, which entered India in 2005 through a joint venture with MGF Development, was later demerged in 2016. Emaar India currently has a strong portfolio of residential and commercial projects across Delhi-NCR, Mumbai, Lucknow, Mohali, Indore, and Jaipur. Meanwhile, the Adani Group, through Adani Realty and Adani Properties, has emerged as a key player in the Indian real estate market, notably bagging redevelopment projects such as Mumbai’s Dharavi slum. Globally, Emaar is known for iconic developments like the Burj Khalifa and Dubai Mall.