Company Insights Emaar Properties Real Estate Emaar Properties News Real Estate Dubai’s Emaar sets quarterly sales record of $3.7bn Dubai-listed Emaar Properties reported its highest-ever quarterly sales, driven by sustained real estate demand in the emirate. Sales surged 47 percent year on year to AED13.5 billion ($3.7 billion), the developer said in a statement. Despite a 9 percent decline in net profit year on year to nearly AED3 billion, net profit before tax rose 16 percent […] May 15, 2024 Leisure & Hospitality Emaar Hotels reveals wide expansion plans Emaar Hospitality Group is talking to investors in Europe, the Middle East and China to expand its footprint regionally and internationally. The Dubai-based company is behind iconic names such as The Address Hotels & Resorts, Vida Hotels, Palace Hotels & Resorts and Armani Hotels & Resorts. Mark Kirby, head of hospitality at Emaar Hospitality, told […] May 8, 2024 Real Estate UAE puts up 2 billion dirhams to pay for flood-damaged homes The UAE has pledged AED2 billion ($545 million) to help rebuild homes of citizens that were damaged in this month’s floods. Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of Dubai, said on X (formerly Twitter) that the UAE’s cabinet of ministers had also formed a committee to assess the flood […] April 24, 2024 Construction Emaar doubles dividend to $1.2bn after $11bn in sales Shareholders of Emaar Properties, Dubai’s largest listed developer, have approved a dividend of AED4.4 billion ($1.2 billion) for 2023, up from AED2.2 billion the year before. The dividend payout reflects the company’s “robust profitability and solid financial health”, the developer said in a statement. Shareholders also voted to appoint new board members “to drive the […] April 23, 2024 Infrastructure UAE offers loan relief in response to flood damage The UAE central bank has instructed banks to defer personal and car loan installments for six months for customers affected by last week’s flooding. The deferral will come without additional fees, interest or profits, and won’t increase the principal amount of the loan for the deferral of the repayment of installments, the UAE state-run Wam […] April 23, 2024 Infrastructure Crown Prince tells developers to pay for Dubai flood clean-up Dubai property developers have been ordered by the emirate’s Crown Prince to bring “normalcy” back to communities devastated by last week’s flooding – at no additional charge to tenants. The UAE experienced its heaviest rains in 75 years last Tuesday. The downpour turned main roads, particularly in Dubai, into waterways, leaving motorists stranded and causing […] April 22, 2024 Infrastructure Emaar promises free repairs as Dubai launches sewerage system Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […] April 19, 2024 Construction UAE wealth fund ADQ buys stake in Abu Dhabi builder UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […] April 16, 2024 Opinion Finance I have seen the future and it’s ICD Brookfield Place Abu Dhabi and Riyadh also know a good thing when they see it April 12, 2024 Construction Losses narrow for developer of King Abdullah Economic City Emaar the Economic City, the developer of King Abdullah Economic City near Jeddah, narrowed its losses in 2023 as revenue nearly tripled. The developer cut losses to SAR253 million ($67 million) last year from SAR1.2 billion in 2022. Revenue was up 184 percent year on year to more than SAR1 billion in 2023, driven by sales […] April 1, 2024 Posts navigation Previous 1 … 5 6 7 … 14 Next
Real Estate Dubai’s Emaar sets quarterly sales record of $3.7bn Dubai-listed Emaar Properties reported its highest-ever quarterly sales, driven by sustained real estate demand in the emirate. Sales surged 47 percent year on year to AED13.5 billion ($3.7 billion), the developer said in a statement. Despite a 9 percent decline in net profit year on year to nearly AED3 billion, net profit before tax rose 16 percent […] May 15, 2024
Leisure & Hospitality Emaar Hotels reveals wide expansion plans Emaar Hospitality Group is talking to investors in Europe, the Middle East and China to expand its footprint regionally and internationally. The Dubai-based company is behind iconic names such as The Address Hotels & Resorts, Vida Hotels, Palace Hotels & Resorts and Armani Hotels & Resorts. Mark Kirby, head of hospitality at Emaar Hospitality, told […] May 8, 2024
Real Estate UAE puts up 2 billion dirhams to pay for flood-damaged homes The UAE has pledged AED2 billion ($545 million) to help rebuild homes of citizens that were damaged in this month’s floods. Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of Dubai, said on X (formerly Twitter) that the UAE’s cabinet of ministers had also formed a committee to assess the flood […] April 24, 2024
Construction Emaar doubles dividend to $1.2bn after $11bn in sales Shareholders of Emaar Properties, Dubai’s largest listed developer, have approved a dividend of AED4.4 billion ($1.2 billion) for 2023, up from AED2.2 billion the year before. The dividend payout reflects the company’s “robust profitability and solid financial health”, the developer said in a statement. Shareholders also voted to appoint new board members “to drive the […] April 23, 2024
Infrastructure UAE offers loan relief in response to flood damage The UAE central bank has instructed banks to defer personal and car loan installments for six months for customers affected by last week’s flooding. The deferral will come without additional fees, interest or profits, and won’t increase the principal amount of the loan for the deferral of the repayment of installments, the UAE state-run Wam […] April 23, 2024
Infrastructure Crown Prince tells developers to pay for Dubai flood clean-up Dubai property developers have been ordered by the emirate’s Crown Prince to bring “normalcy” back to communities devastated by last week’s flooding – at no additional charge to tenants. The UAE experienced its heaviest rains in 75 years last Tuesday. The downpour turned main roads, particularly in Dubai, into waterways, leaving motorists stranded and causing […] April 22, 2024
Infrastructure Emaar promises free repairs as Dubai launches sewerage system Emaar Properties is offering free repairs to residents whose homes were damaged during this week’s extreme flooding, as Dubai also announced an AED80 billion ($22 billion) sewerage system. The developer announced on Friday that it would repair all homes in its communities affected by the historic levels of rain, “at no cost to residents”. Emaar’s […] April 19, 2024
Construction UAE wealth fund ADQ buys stake in Abu Dhabi builder UAE sovereign wealth fund ADQ is acquiring a stake in the construction company building the Guggenheim and Zayed National museums in Abu Dhabi. Alpha Dhabi Holding (ADH), an investment holding company, announced in a filing to the Abu Dhabi Stock Exchange on Tuesday that it will divest 49 percent of its subsidiary Alpha Dhabi Construction […] April 16, 2024
Opinion Finance I have seen the future and it’s ICD Brookfield Place Abu Dhabi and Riyadh also know a good thing when they see it April 12, 2024
Construction Losses narrow for developer of King Abdullah Economic City Emaar the Economic City, the developer of King Abdullah Economic City near Jeddah, narrowed its losses in 2023 as revenue nearly tripled. The developer cut losses to SAR253 million ($67 million) last year from SAR1.2 billion in 2022. Revenue was up 184 percent year on year to more than SAR1 billion in 2023, driven by sales […] April 1, 2024
