Emaar

Dubai property giant Emaar profits

Dubai - Muslimchronicle

Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam. Dubai has started recovering from a three year downturn after a 2014 oil price crash slammed the Gulf economies which underpin its real estate sector. But on Sunday Emaar, which owns the world's tallest tower, Burj Khalifa,Read more

Emaar wants to do more business in Saudi Arabia

Riyadh - Muslimchronicle

Mohamed Alabbar, the Emaar Properties chairman, is keen to do further business with Saudi Arabia, and would like to help the Kingdom to develop the $500 billion Neom project announced at the opening day of the Future Investment Initiative in Riyadh. Speaking on the sidelines of the conference, Alabbar, who already has significant business partnerships with Saudi Arabia via theRead more

Emaar launches property unit IPO

Dubai - Muslimchronicle

Emaar Properties, Dubai’s master developer, is to sell 20 percent of the shares of its UAE real estate unit in an initial public offering (IPO) that could value it at around $6 billion. The IPO is the first significant listing on a UAE market since 2014. The proceeds of the offering will be distributed to shareholders of Emaar Development inRead more

Emaar board approves public offering of property development unit

Dubai - Muslimchronicle

Emaar Properties said on Sunday it plans to sell a 20 percent stake in its property development business unit Emaar Development next month in an initial public offering. The move comes after Dubai’s leading property firm announced it had obtained shareholder approval for the sale of up to 30 percent of the unit in a public offering in Dubai. EmaarRead more

Gulf retailer Noon.com to ignite e-commerce race

Dubai - Muslimchronicle

Days after Amazon announced the launch of its first Middle East centres, online retailer Noon.com has gone live in the United Arab Emirates, boosting a rapidly nascent e-commerce sector in the Gulf. The site started working at the weekend and the app is scheduled to launch in days, its backer Dubai-based real estate giant Emaar Properties said in a statement.Read more

Emaar to release residential project

Dubai - Muslimchronicle

Emaar on Sunday said it will start releasing units for 17 Icon Bay, its latest residential project at the six square-kilometer Dubai Creek Harbor being developed in a joint venture with Dubai Holding. Construction of the 41-story tower is expected to be completed by May 2021. Emaar has earlier unveiled other residential projects including Creek Gate, Harbor Gate, The Cove,Read more

Leaders take charge of rally with Emaar breaking new high

Abu Dhabi - WAM

Selective purchases addressing the property and banking sectors amidst a continued growth of leaders, including Emaar and Arabtec, were the hallmarks of Sunday's session at the UAE stock markets, amidst a state of anticipation for leading companies to reveal their financial statements, including Emaar. Within this context, Emaar broke a new high, closing at AED8.42 with Arabtec following suit toRead more

Aldar, Emaar sign partnership to bring KidZania to Abu Dhabi

Muscat - Arab today

Aldar Properties (Aldar) and Emaar Entertainment, the leading operator of exceptional and unique leisure and entertainment business of Emaar Properties, have announced a partnership that will see Yas Mall become the home of Abu Dhabi’s first KidZania, the legendary children's edutainment centre. The new addition will support Yas Mall as a lifestyle destination of choice, providing a unique combination ofRead more

Electric abra service launched at Dubai Creek Harbour

Dubai- Arab today

Boating fans can now ride an electric abra from Dubai Creek Harbour, a new development nearby the creek-side Festival City mall. The abra is operated by the Roads and Transport Authority, which operates water taxi services all along the creek and canal. Launched in coordination with Emaar Properties, the abra currently serves the sales centre for the locally-listed mega-developer’s DubaiRead more