#Emaar

Emaar sees 43 per cenr net profit rise from Jan to Sept 2023 DOWNTOWN_DUBAI_BY_EMAAR-photo-courtesy_emaar

Emaar nine-month net profit sees 43% hike bolstered by property sales

Emaar Development’s net profit for the first nine months of the year touched Dhs4.1bn ($1.1bn)

Mohamed Alabbar - Emaar Founder

Emaar plans a hike in dividends in 2023, no IPO for noon: Mohamed Alabbar

Alabbar underscored the performance of Emaar Properties’ during H1 2023, driven by the economy and tourism sectors

EMAAR announces Jan-Sep 2022-results

Emaar reports net profit of Dhs5.8bn for first nine months of 2022

Emaar recorded the highest-ever group property sales of Dhs26.9bn ($7.3bn) during the nine-month period

UAE Construction

Special report: How UAE’s construction sector is back to business

Prominent property developers across the UAE are announcing a slew of high-end mixed-use projects

Emaar Properties’ board recommends scrapping foreign ownership limit on shares

The developer has also recommended to increase the company’s share capital to Dhs8.838bn

EMAAR announces H1 2022 results

UAE’s Emaar reports robust H1 2022 revenue of Dhs13.575bn

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

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour 1

Emaar signs deal with Dubai Holding to acquire Dubai Creek Harbour

The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar

Dubai

Dubai home sales surge even as prices for larger houses moderate

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

Hospitality Tourism

An industry in motion: Stakeholders across hospitality, tourism space share key insights

Executives share their views on the growth and future prospects of their sectors

Emaar to manage new Armani hotel in Saudi Arabia’s Diriyah development

Armani Hotel Diriyah will include 70 rooms and two restaurants, with its suites featuring their own spa and swimming pool

Emaar’s Dubai Hills Mall opens

The new shopping, dining and entertainment destination is home to Roxy Cinemas, Adventure Park and a roller coaster among other offerings

Emaar reveals celebration plans for New Year’s Eve in Downtown Dubai

The show this year, called ‘Eve of Wonders’, will include a fireworks display choreographed to laser, lights and music

Saudi sovereign wealth fund acquires 25% stake in Emaar the Economic City

The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships

Dubai companies including Emaar, Emirates hiring again as Covid crisis eases

Businesses in Dubai’s travel and tourism industry in August saw the sharpest increases in activity and new work in over two years

Dubai’s Emaar to offer complimentary Expo 2020 tickets to Address, Vida hotel guests

The company will also manage hospitality venue 2020 Club by Emaar within the expo site

Dubai developer Emaar’s property sales surge as market recovers

Property sales surged to Dhs9.73bn in the second quarter, growing seven times over the year-ago period

In pics: Emaar partners with Lamborghini to launch luxury villas at Dubai Hills Estate

Majestic Vistas will be located within the lavish Dubai Hills Vista development

Dubai’s Emaar adds new contract clause after project delays

According to the founder, missed deadlines are a ‘real source of concern’

Emaar properties Dubai

Dubai’s Emaar Properties reports $1.93bn property sales in Q1 2021, up 83% y-on-y

Its net profit increased 8 per cent from $166m in Q1 2020 to $179m in Q1 2021

Emaar’s Reel Cinemas expands into Saudi Arabia

The kingdom’s first Reel Cinemas venue will feature 14 screens

Emaar chief, Mohamed Alabbar, to chair new UAE digital bank

Zand aims to make banking quicker and simpler, via its digital offerings

Noon Facility at EZDubai

Noon opens new customer fulfilment facility in EZDubai freezone

It has become the first e-commerce company to begin operating from EZDubai

UAE telecoms du and Etisalat partner with Emaar Properties to provide services to local communities

Customers will be able to choose a retail telecom operator of their choice

The-Dubai-Mall-Fashion-Avenue-exterior Emaar

Dubai’s Emaar Malls CEO Rajiv Suri resigns four months after appointment

Amit Jain will take over Suri’s responsibilities “until further notice”

Emaar Address Sky View Hotel

Emaar sells Address Sky View Hotel in Dubai for Dhs750m

Emaar will retain ownership of the Skybridge restaurant located within the hotel

All the details about watching the NYE fireworks show at Dubai’s Burj Khalifa

All visitors and Downtown Dubai residents have to register on the U By Emaar app to gain access to the area

Emaar’s New Year’s Eve festivities to be broadcast on Zoom from Downtown Dubai

Zoom to invite a global audience of up to 50,000 people to join the celebration virtually

Dubai’s ICD adds Meydan to portfolio to gain larger property footprint

Meydan’s two main lines of business – real estate and horse-racing – will remain separate

Emaar appoints new chairman as Mohamed Alabbar takes on role of MD

Jamal Bin Theniyah will replace Alabbar as chairman, while the latter will assume the role of managing director

Alabbar

Alabbar dismisses claims that Dubai’s Emaar has stopped building as “nonsense”

The Emaar boss also hit back at suggestions the company is responsible for an oversupply of properties