Mohamed Alabbar, a 65-year-old millionaire from Dubai has earned a huge Net Worth and has received worldwide recognition as a successful businessman. Since 1997, he has been one of the world leaders in real estate. Mohamed Alabbar is best known as the founder of Emaar Properties, one of the leading developers in the UAE. How did he manage to get rich and stay at the top of the Olympus business for so long?
Millionaire’s Success & Net Worth
The past year has been super successful for the millionaire. His main source of income comes from his company Emaar Properties, which has succeeded in developing iconic futuristic, residential, leisure, retail, entertainment and hotel properties.
Recently the company announced Record $610 Million In Q1 2022; real estate sales grew by 17%. According to experts, the value of Emaar Properties is 15.5 billion US dollars.
In 2021, the company reported an 80% increase in net profit, to $1.035 billion. Emaar Properties has posted the highest real estate sales recorded since it was established in 1997. Emaar’s 2021 revenue was $7.697 billion, up 57% from the previous year. And in 2020, the company brought $574 million to its owner. In 2021, Emaar’s International Operations recorded $1.7 billion worth of property sales.
As you know, Emaar Properties has delivered over 81,600 residential units in Dubai and international markets since 2002. The activity of a millionaire significantly affects the lives of many people. An influential, strong successful Dubai millionaire has made a huge Net Worth with his entrepreneurial talent.
The secret of Mohamed Alabbar’s income
The business mogul is responsible for building the Burj Khalifa, the world’s tallest man-made structure and the world’s largest mall, the Dubai Mall. The millionaire has implemented projects in the field of retail business in more than 20 countries in the Middle East, Central and Eastern Europe, South and Southeast Asia, North and South Africa, and the United States. Millionaire’s Net Worth in 2021 is $1 million – $5 million.
Mohamed Alabbar understands perfectly well what to invest money in and what projects to take on. His business interests span a broad range of interests in real estate, retail, e-commerce, technology, hospitality, food, logistics, and venture capital.
Way to Wealth
To get such Net Worth you need to have high intellectual abilities. Mohammed is an Honorary Doctorate from the London School of Economics and Political Science, an Honorary Doctorate from Seattle University, and an Honorary Doctorate from Sun Moon University in South Korea.
How did he get so much money? His bright, entrepreneurial talent is beyond doubt. He always strives to do more, better and never stops there. For example, the whole world admires his project of Burj Khalifa. But the millionaire himself is critical of his work, and says that he could have been better. Perhaps this is the secret of his success – always striving for more.
Mohamed Alabbar sees the prospects of the real estate market and rapidly increases his capital. The whole world will hear about his outstanding business projects again and again.