Dubai developer Emaar propels DFM higher
Shares on the Dubai Financial Market (DFM) rose yesterday, led by Emaar Properties, amid earnings optimism as investors speculated that the region's largest developer would deliver strong fourth-quarter results.
Emaar records 45% decline in first quarter net profits
Emaar Properties recorded a 45 per cent decline in net profits during the first quarter of 2011 reaching Dh421 million ($115 million) compared to Dh760 million recorded during the first quarter of 2010.
Dubai Holding, Emaar relaunch The Lagoons project
Dubai Properties Group (DPG), and Emaar Properties, Dubai's largest developer, have taken the decision to restart ‘The Lagoons’ project on Dubai Creek with construction work likely to restart soon, according to a media report.
Al-Futtaim, Emaar plan $820 million project in Egypt
Al-Futtaim Group and Emaar Properties, two real estate developers from the United Arab Emirates, plan a LE 5 billion tie-up to build a retail and entertainment complex outside Cairo, Al-Futtaim said on Tuesday.
Marc Dardenne leaves Emaar Hospitality
Emaar Hospitality Group, the wholly owned subsidiary of Dubai-based global property developer Emaar Properties, has said its CEO Marc Dardenne is leaving the company. In a statement issued to HotelierMiddleEast.com, the company said Patrick Heuze, the current chief executive officer “will take over as chief executive officer”.
Impairments to weigh heavily on Emaar
A brokerage cut its price target for Emaar Properties shares yesterday, even before a new report showed that property prices in Dubai continue to decline.
Emaar Properties lifts Dubai index
Emaar Properties, Dubai's largest company by market value, ended higher as investors turned to liquid stocks ahead of second-quarter results, lifting the broader index.
Emaar likely to face ongoing dividend pressures, say analysts
Emaar’s surprise move to issue a 10 percent dividend in 2011 is likely to increase pressure on the firm to offer similar pay-outs in the coming years, analysts have said.
Burj Khalifa developer Emaar closes quarter on the up
A turbulent quarter for the Middle East saw UAE stocks falling, but a strong rally this month limited the losses for Dubai's listed companies as traders started to see the emirate as a clear beneficiary of the region's troubles.
Emaar Obtains $500 Million Financing Facility for Turkey Project
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.
