Emaar

he firm. The Dubai real estate giant and developer of the Burj Khalifa said in a statement yesterday that the team would be responsible for the “roll-out of a five-year corporate strategic action plan for long-term value creation”. The change in strategy comes after Emaar posted a sharp fall in first quarter profits as the number of finished units it handed over declined.

Shades, the spectacular lounge situated by the infinity pool on the fourth floor of The Address Dubai Marina, has opened doors to guests.

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.

Emaar Properties PJSC plans to sell as much as $2bn of Islamic bonds, its first in more than six years, as the developer of the world’s tallest tower in Dubai taps appetite for higher-yielding assets.

The popular SPIN GEAR roller-coaster ride at SEGA Republic, the first of its kind indoor theme park in the region located on Level 2 of The Dubai Mall, has completed an astounding 30,000 kilometres in just five months!

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.

Emaar Properties, the Dubai developer behind the Burj Khalifa, has moved to quash rumours that the company would provide a loan to Amlak Finance that would be converted into equity. In a statement to the Dubai Financial Market today, Emaar Properties has said that the committee restructuring Amlak Finance, the publicly listed Islamic financing house that has a specialism in home loans, had considered a number of options, which included a AED 230 million loan-into-stock deal.

Al Khobar Lakes, the premier waterfront development by Emaar Middle East, the subsidiary of Emaar Properties PJSC, has won the ‘Best Retail Project’ honour at the Saudi BuildInfra Awards 2011, organised as part of the Saudi Arabian Building and Infrastructure Summit held in Riyadh recently.

Dubai stocks climbed to the highest level in almost a week on investor optimism first-quarter earnings in the region will beat expectations and after oil climbed to the highest since 2008.

Dubai-based Emaar Hospitality Group’s health and fitness brand, has rewarded the winner of its weight-loss programme.