Company Insights Emaar Properties Real Estate Emaar Properties Overview Emaar Properties is a UAE real estate development company with operations covering real estate, retail and shopping malls, leisure and hospitality. Founded in 1997, Emaar Properties was listed on the Dubai Financial Market in 2000 and became the first property company to offer shares to foreign nationals. Emaar’s two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and the UAE’s sovereign wealth fund Investment Corporation of Dubai. In the UAE Emaar’s property development arm Emaar Development is known for large-scale projects including Burj Khalifa, Downtown Dubai, Dubai Mall, Dubai Marina and the Dubai Fountain. Internationally Emaar has established property developments and projects across the Middle East, including King Abdullah Economic City and Jeddah Gate in Saudi Arabia, the Samarah Dead Sea Resort in Jordan and Uptown Cairo and Cairo Gate in Egypt. It also has operations in India, Pakistan and the US. In September 2024 it was reported that Adani Realty, owned by Indian billionaire Gautam Adani, was holding discussions with Emaar to buy a stake in the latter’s Indian subsidiary. Emaar Properties News Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025 Analysis Markets Dollar slump impacts foreign Gulf stock investors The dollar’s descent to multi-year lows against other major currencies presents a dilemma for foreign investors in Gulf stocks. Regional currencies are pegged to the US currency, aside from the Kuwaiti dinar which tracks a basket of currencies that is heavily dollar weighted. So, a lower dollar makes buying Gulf stocks cheaper for investors from […] April 29, 2025 Construction Jeddah’s residential canal project takes shape Construction work on Marafy, a residential canal-waterfront project in Saudi Arabia’s second city, Jeddah, is gathering pace. Driven by Roshn Group, the property developer unit of the government’s Public Investment Fund (PIF), the development will have capacity to house more than 130,000 people. Though no cost for the Marafy project has been made public, in […] April 25, 2025 Editor's Insight Trade India and Saudi Arabia’s common bonds Events may have overshadowed Narendra Modi’s trip to Jeddah this week – the Indian prime minister was forced to cut his visit short because of an attack in Kashmir – but there was much for him to discuss with his Saudi hosts. Amid market volatility and the new dispensation from Washington, Saudi Arabia and India – […] April 24, 2025 Leisure & Hospitality Corporate art collections on the rise in the UAE A shiny office tower in the heart of Downtown Dubai may not be an obvious home for a growing international art collection but ICD Brookfield Place is becoming just that. Among the works or exhibitions it has showcased recently are Canadian visual artist Jordan Söderberg Mill’s light and glass installation Standing Wave, Emirati artist Hashel […] April 12, 2025 Markets Gulf stocks slide as investors fret over US tariffs Dubai’s stock index tumbled on Thursday, poised for its biggest daily decline this year, and other Gulf bourses slid after US president Donald Trump announced wide-ranging tariffs on importers. Losers outnumbered gainers 34 to 10 on Dubai’s benchmark, which was down as much as 2 percent in early trade, mirroring declines on Asian bourses as […] April 3, 2025 Real Estate Emaar’s overseas units struggle to match home gains Dubai real estate developer Emaar Properties is doing well at home but its international operations – notably in India – are more chequered. Last year, Emaar posted a near 50 percent increase in earnings to AED5 billion ($1.4 billion). Its shares on the Dubai Financial Market are up 5.5 percent so far this year. By […] March 28, 2025 Telecoms Abu Dhabi’s Mubadala considers selling stake in du Abu Dhabi sovereign fund Mubadala may sell its stake in du, the UAE’s second-largest telecom operator by subscribers, which if added to the free float would boost the stock’s chances of being included in emerging market indexes. Admittance to the MSCI and FTSE emerging market benchmarks means that exchange-traded funds which track these measures must […] March 20, 2025 Real Estate Emaar in talks with Adani over $1bn sale of Indian business Dubai real estate developer Emaar Properties is in talks with India’s Adani Group to sell its Indian business for $1.4 billion, according to reports. The billionaire Adani family and Emaar are discussing the structure of a transaction, Bloomberg said, without identifying sources. An agreement could be reached as early as next month. Emaar India started operations […] March 20, 2025 Tourism UAE to fund new luxury hotel near Egypt’s Giza pyramids The UAE will back the development of a five-star hotel near the pyramids in Giza outside the capital Cairo to support Egypt’s tourism, state-run Wam news agency reported. State-backed Abu Dhabi Fund for Development (ADFD), which specialises in development financing at below market rates, will provide AED440 million ($120 million) to build a 302-key Sofitel […] March 14, 2025 Posts navigation 1 2 … 14 Next
Construction Emaar EC reschedules loan with consortium of Saudi banks Emaar the Economic City (Emaar EC), the developer of King Abdullah Economic City, has signed an agreement with four Saudi banks to reschedule a total of SAR3.4 billion ($904 million) in existing financing. The agreement also includes securing a new credit facility of SAR287 million from Alinma Bank, Saudi Awwal Bank, Banque Saudi Fransi and […] April 29, 2025
Analysis Markets Dollar slump impacts foreign Gulf stock investors The dollar’s descent to multi-year lows against other major currencies presents a dilemma for foreign investors in Gulf stocks. Regional currencies are pegged to the US currency, aside from the Kuwaiti dinar which tracks a basket of currencies that is heavily dollar weighted. So, a lower dollar makes buying Gulf stocks cheaper for investors from […] April 29, 2025
Construction Jeddah’s residential canal project takes shape Construction work on Marafy, a residential canal-waterfront project in Saudi Arabia’s second city, Jeddah, is gathering pace. Driven by Roshn Group, the property developer unit of the government’s Public Investment Fund (PIF), the development will have capacity to house more than 130,000 people. Though no cost for the Marafy project has been made public, in […] April 25, 2025
Editor's Insight Trade India and Saudi Arabia’s common bonds Events may have overshadowed Narendra Modi’s trip to Jeddah this week – the Indian prime minister was forced to cut his visit short because of an attack in Kashmir – but there was much for him to discuss with his Saudi hosts. Amid market volatility and the new dispensation from Washington, Saudi Arabia and India – […] April 24, 2025
Leisure & Hospitality Corporate art collections on the rise in the UAE A shiny office tower in the heart of Downtown Dubai may not be an obvious home for a growing international art collection but ICD Brookfield Place is becoming just that. Among the works or exhibitions it has showcased recently are Canadian visual artist Jordan Söderberg Mill’s light and glass installation Standing Wave, Emirati artist Hashel […] April 12, 2025
Markets Gulf stocks slide as investors fret over US tariffs Dubai’s stock index tumbled on Thursday, poised for its biggest daily decline this year, and other Gulf bourses slid after US president Donald Trump announced wide-ranging tariffs on importers. Losers outnumbered gainers 34 to 10 on Dubai’s benchmark, which was down as much as 2 percent in early trade, mirroring declines on Asian bourses as […] April 3, 2025
Real Estate Emaar’s overseas units struggle to match home gains Dubai real estate developer Emaar Properties is doing well at home but its international operations – notably in India – are more chequered. Last year, Emaar posted a near 50 percent increase in earnings to AED5 billion ($1.4 billion). Its shares on the Dubai Financial Market are up 5.5 percent so far this year. By […] March 28, 2025
Telecoms Abu Dhabi’s Mubadala considers selling stake in du Abu Dhabi sovereign fund Mubadala may sell its stake in du, the UAE’s second-largest telecom operator by subscribers, which if added to the free float would boost the stock’s chances of being included in emerging market indexes. Admittance to the MSCI and FTSE emerging market benchmarks means that exchange-traded funds which track these measures must […] March 20, 2025
Real Estate Emaar in talks with Adani over $1bn sale of Indian business Dubai real estate developer Emaar Properties is in talks with India’s Adani Group to sell its Indian business for $1.4 billion, according to reports. The billionaire Adani family and Emaar are discussing the structure of a transaction, Bloomberg said, without identifying sources. An agreement could be reached as early as next month. Emaar India started operations […] March 20, 2025
Tourism UAE to fund new luxury hotel near Egypt’s Giza pyramids The UAE will back the development of a five-star hotel near the pyramids in Giza outside the capital Cairo to support Egypt’s tourism, state-run Wam news agency reported. State-backed Abu Dhabi Fund for Development (ADFD), which specialises in development financing at below market rates, will provide AED440 million ($120 million) to build a 302-key Sofitel […] March 14, 2025
