Emaar Development’s net profit for the first nine months of the year touched Dhs4.1bn ($1.1bn)
Alabbar underscored the performance of Emaar Properties’ during H1 2023, driven by the economy and tourism sectors
Emaar recorded the highest-ever group property sales of Dhs26.9bn ($7.3bn) during the nine-month period
Prominent property developers across the UAE are announcing a slew of high-end mixed-use projects
The developer has also recommended to increase the company’s share capital to Dhs8.838bn
Emaar’s hospitality division saw its revenue grow by 64 per cent compared to H1 2021, reflecting the tourism sector’s robust post-pandemic recovery
The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar
Prices for villas grew at a monthly rate of 1.7 per cent in June, down from an average of 2.3 per cent per month last year
Executives share their views on the growth and future prospects of their sectors
Armani Hotel Diriyah will include 70 rooms and two restaurants, with its suites featuring their own spa and swimming pool
The new shopping, dining and entertainment destination is home to Roxy Cinemas, Adventure Park and a roller coaster among other offerings
The show this year, called ‘Eve of Wonders’, will include a fireworks display choreographed to laser, lights and music
The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships
Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years
The company will also manage hospitality venue 2020 Club by Emaar within the expo site
Property sales surged to Dhs9.73bn in the second quarter, growing seven times over the year-ago period
Majestic Vistas will be located within the lavish Dubai Hills Vista development
According to the founder, missed deadlines are a ‘real source of concern’
Its net profit increased 8 per cent from $166m in Q1 2020 to $179m in Q1 2021
The kingdom’s first Reel Cinemas venue will feature 14 screens
Zand aims to make banking quicker and simpler, via its digital offerings
It has become the first e-commerce company to begin operating from EZDubai
Customers will be able to choose a retail telecom operator of their choice
Amit Jain will take over Suri’s responsibilities “until further notice”
Emaar will retain ownership of the Skybridge restaurant located within the hotel
All visitors and Downtown Dubai residents have to register on the U By Emaar app to gain access to the area
Zoom to invite a global audience of up to 50,000 people to join the celebration virtually
Meydan’s two main lines of business – real estate and horse-racing – will remain separate
Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director
The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties