Emaar said net profits dropped to 612 million dirhams (166.8 million dollars) in the quarter ending September 30, compared to 655 million dirhams in the corresponding period last year. The developer that built the world's tallest tower, Burj Khalifa, said however that its revenues increased 43 percent to 2.8 billion dirhams in the same period.
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.
As a series of glamorous events this week in Dubai attract the fashion world’s heavyweights, Emaar, the Middle East’s biggest developer, has announced its plan to launch a US $100 million fund to support emerging design talent in the Middle East.
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.
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.
This is an era of transformation. New social and economic realities are challenging governments and businesses to realign their priorities and focus, like never before, to the needs of their stakeholders.
Emaar Malls, operator of The Dubai Mall, posted a 43 per cent surge in second-quarter net profit, thanks to an increase in visitor numbers to its shopping centres.
September 5, 2013: Emaar Properties PJSC, the global developer of iconic projects, has joined forces with Lotus F1® Team as its 'Official Partner.'