Emaar

The Address Montgomerie Dubai, a five star premium golf retreat owned and operated by The Address Hotels + Resorts, features conferencing and event management facilities with a difference. The retreat is the fifth property in The Address Hotels + Resorts portfolio in Dubai and offers one of the most luxurious golf resort experiences in the Middle East.

Emaar Properties has denied media reports claiming that the Dubai developer is looking for buyers for two hotels in its Downtown Burj Dubai development, Emirates24/7 has reported.

Emaar and Arabtec stocks, both of which ended in the positive areas yesterday, are expected to lead the trend in the Dubai Financial Market (DFM) in the coming two sessions, according to market analysts.

Emaar Community Management has been licensed by the Dubai Real Estate Regulatory Agency (RERA) to offer its services to owners associations. The company will initially provide expertise in administrative, financial, technical and customer service within its own group of properties including Arabian Ranches and Emirates Living.

Emaar has established a wholly owned subsidiary, which proposes to issue up to $500m of convertible notes on the Luxembourg Stock Exchange. The money will be lent to Emaar while the notes would be converted, from time to time, into fully paid ordinary shares at the discretion of the holder of the notes.

Emaar Properties has increased community service charges for The Meadows for 2011, which is 34 per cent higher than the last year.

Dubai developer Emaar Properties may raise its stake in troubled Islamic mortgage provider Amlak but has not decided by how much, Emaar's chairman said on al Arabiya television. The United Arab Emirates' largest listed property firm may also take provisions related to Amlak in the first quarter of 2011, Mohammed Alabbar said in an interview on Wednesday. "I believe if this is part of the solution (for Amlak) we will raise the stake," he said.

Emaar Hospitality Group, the hospitality & leisure subsidiary of Emaar Properties PJSC, hosted a UAE Career Fair to showcase the job opportunities within the Group for UAE Nationals at The Palace - The Old Town in Downtown Dubai.

A group of 18 senior officials from the US Congress recently visited and toured King Abdullah Economic City (KAEC) to discuss and explore the city's investment opportunities. The delegation was received by senior executives from Emaar, the Economic City (EEC), the Tadawul-listed company developing KAEC.

Emirates NBD, the largest banking group in the Middle East in terms of assets, announced today the opening of a new branch in Emaar Business Park, Dubai. The third Emirates NBD branch to open this year has been opened in response to increased demand for services there and in other dedicated business districts, providing customers with greater flexibility and convenience.