Mohamed Alabbar founded and still chairs Emaar Properties, with Amit Jain as the CEO since 2016. The Dubai government owned Emaar Properties until it went public in 2000. Emaar has six business segments and 60 subsidiaries spread across 36 markets worldwide, such as Emaar Malls Group (shopping malls and retail), Emaar International (property development in international markets), Emaar Hospitality Group (a global provider of lifestyle experiences), Emaar Entertainment (provider of premium leisure and entertainment attractions), and Emaar Investment Holding. Downtown Dubai is one of the most popular freehold zones in Dubai amongst tenants and investors. Downtown Dubai not only has world-renowned attractions like the Burj Khalifa and the Dubai Fountain, but also a wide variety of freehold apartments. For example, Emaar properties for sale in Dubai, such as an apartment in Downtown Dubai may cost from AED 900,000, while one in Emaar IL Primo starts at AED 18 million.