September 5, 2013: Emaar Properties PJSC, the global developer of iconic projects, has joined forces with Lotus F1® Team as its 'Official Partner.'
The builder of the world’s tallest structure — Burj Khalifa — recorded fourth quarter revenues of Dh2.680 billion as net profit reached Dh512 million. The contribution of Emaar’s international operations to the total revenue was Dh1.264 billion, representing 15 per cent of the total revenue. “International revenues were reinforced by the handover of homes and offices in Turkey, Lebanon, Saudi Arabia, Egypt and Pakistan, among other markets,” the master developer said.
The Address, Emaar’s hotel management company, operates five hotels owned by the Dubai-based parent company in the city. Hotel occupancy rates in the Dubai averaged 75 percent in 2012, among the highest in the world, after conflicts elsewhere in the Middle East and North Africa drove more Gulf tourists to the emirate, according to STR Global.
Emaar Properties PJSC (EMAAR), the developer of the world’s tallest tower in Dubai, obtained a $500 million loan from a group of banks to develop a mixed-use project in Turkey, its second such venture in the country.
Hospitality Group, the hospitality and leisure business of global property developer Emaar Properties , has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a uniquely designed resort near the world-famous Masai Mara in Kenya.
The Address The Blvd, Downtown Dubai is a timeless testament to Emaar’s pioneering spirit. Beautifully classic and yet impeccably modern, come home to elegantly furnished apartments and opulent facilities. All this with considerate and discreet 5-star service that The Address Hotels + Resorts is renowned for.
Nasdaq Dubai, the region’s international exchange, welcomed on Thursday listing of a $500 million sukuk on its market by Emaar Properties, the Dubai-based global property developer. The listing is the first by Emaar on Nasdaq Dubai and constitutes the second drawdown under the company’s recently updated $2 billion Trust Certificate Issuance Programme.