Emaar Beachfront is part of the Dubai Harbour project
The company’s rising share price has seen Hussain Sajwani’s net worth increase to $5.23bn, according to Bloomberg’s Billionaires Index
The three projects were previously launched under a joint venture that included Dubai’s Emaar
Significant new supply in Dubai could also dampen the market in the run up to 2020, according to JLL
The company has also acquired a stake in Egypt’s Palm Hills Developments
“The 2017 report sends reassuring messages” to investors according to Dubai Land Department
Rental rates were down as much as 16 per cent in some areas
The money will help pay for the Dhs24bn Aljada project in Sharjah
Purchase of Souq Extra in Dubai Silicon Oasis raises the value of the trust’s portfolio to $466m
CEO Talal Al Dhiyebi said the company would continue to “assess the market for opportunities”
The project is scheduled for completion in the first quarter of 2019
The company is launching its international business with a $218m development in downtown Dubai
The scheme aims to help small-scale property investors and real estate entrepreneurs overcome challenges
Facilities will include a residents-only clubhouse and fitness centre
The update comes in the context of stagnant conditions in the emirate’s rental market
The assets of Emaar Development include 49 units in Dubai’s Burj Khalifa
The facilities will be used to finance projects including the One Palm
Grading and marine works at the site have already been completed
Dubizzle claims to be the UAE’s largest property portal
The company also announced the appointment of a new CEO
Emaar is planning to list its development unit this month
Investcorp has acquired $2bn of US property over the last 18 months
Chairman Hussain Sajwani said the company was increasingly looking at projects outside of Dubai
VAT is set to be implemented in the region next year
Al Satwa was identified as the most affordable rental area for one-bedroom apartments
The Dhs780m Mina by Azizi project offers residential serviced apartments
The appointment of Chris O’Donnell comes as Emaar prepares to list 20 per cent of its development unit
The number of active brokers in Dubai’s real estate market currently stands at 6,200
Alabbar’s Emaar is the joint developer of the King Abdullah Economic City project
The developer has handed over almost 1,200 units to customers so far this year