The company’s annual revenue for 2011 reached AED 8.112 billion (US$ 2.209 billion). With The Dubai Mall, the flagship development of Emaar establishing itself as the world’s most visited shopping and tourism destination marking record visitor arrivals of 54 million in 2011, the shopping malls & retail business of Emaar contributed AED 2.14 billion (US$ 583 million) to annual revenues, representing 26 per cent of the total.
Burj Dubai, the world's tallest building by Emaar Properties, will receive its first residents as early as February 2010. They will be the first of over 12,000 people who will live and work in the mixed-use tower comprising luxurious apartments, prime office space and the world's first Armani Hotel, amongst other modern lifestyle amenities.
Claiming victory, the state government has said that Dubai-based Emaar Properties PSJC has agreed to restore the 26 per cent share in the Emaar Hills Township to AP Industrial Infrastructure Corporation (APIIC) as per the agreement reached between the two entities.
In property sector, Arabtec Holding and Emaar Properties gave support to the main index with modest gains in low-trade market activity. Arabtec advanced 2.98 per cent to Dh1.38 while Emaar climbed 1.81 per cent to Dh2.81. Union Properties fell 3.39 per cent to 37 fils.
Second Downtown Dubai Classic Car Show To Feature Dazzling Displays, Colourful Parades And Competitions
The rich heritage and colourful legacy of classic cars is once again on display in Downtown Dubai. The second Downtown Dubai Classic Car Show will be celebrated over four days this year following overwhelming participation from the public and classic car enthusiasts last year.
Dubai-based Emaar Properties, the region’s largest real estate development company, today revealed that property sales in the first quarter of this year fell by 79.65 per cent compared with the same period last year, pushing the company’s net profits down 45 per cent.
Under the partnership agreement, Dammann Freres will be the exclusive brand of tea available at three locations including The Address Dubai Marina, The Address Dubai Mall, and The Address Downtown. Guests will have a chance to experience Dammann Freres at various locations including guest rooms, hotel lobby and all F&B outlets.
At the Top, Burj Khalifa, on Level 124 of the world's tallest building, is celebrating the Holy Month of Ramadan with special timings and an unprecedented and first-time ever opportunity to break your fast from a vantage location. Guests can reflect on the spiritual values of the Holy Month, watch the sun set into the scenic horizon of the Arabian Sea, and break their fast with dates, complimentary of La Ronda Dates, and water, complimentary of Masafi Mineral Water, from At the Top, Burj Khalifa, this year.