Emaar proposes 10% dividend for 2010

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Emaar Properties, builder of the world’s largest tower Burj Khalifa, said on Monday that it is approving a 10 per cent cash dividend for 2010. Emaar’s board had originally planned to withold a dividend for the past year, but at a shareholders’ meeting on Monday, Emaar Chairman Mohammed Alabbar agreed to a 10 per cent dividend.

World’s tallest tower to open this year in Dubai

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The Dubai developer building the world’s tallest skyscraper says the tower is on track to open this year, though the exact date remains uncertain. Emaar Properties said that the shiny...

The world’s highest restaurant ready to serve

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At.mosphere is situated on the 122nd floor of Burj Khalifa at a height of just over 442 metres. That the high life is lived in Dubai is now a literal truth. Residents of and visitors to Dubai will have another reason to visit the world’s tallest building as of this week, when the world’s highest restaurant in a manmade development opens at the Burj Khalifa.

Race to the top – of the Burj Dubai

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By Kareem Shaheen  www.thenational.ae A popular US television show is to feature some of Dubai’s major landmarks and attractions. This Sunday’s episode of The Amazing Race, a leading prime time reality...

Emaar confirms Burj dubai opening date

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by James Boley  www.constructionweekonline.com Developer Emaar has confirmed the Burj Dubai will open on December 2nd. Speaking to CNN, Emaar chairman Mohammed Alabbar said the developer was aiming for a UAE...

Emaar: ‘No projects are on hold’

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Emaar Properties has released a statement this afternoon denying that any of its projects were on hold. The statement came in the wake of reports suggesting the master-developer had frozen...

Top 10 “living on edge” buildings in world

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One bedroom apartments start at $4100 and two bedrooms at $6800. So far, only 60 apartments are ready for rental on the lower floors, but Emaar will make more available as they are finished.

Burj Dubai opening delayed

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The Burj Dubai, the tallest tower in the world, will be completed in December, three months later than scheduled, according to two contractors involved with the project. The contractors said...

Burj Dubai’s inspiration the Mile High Illinois

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The interior of Gehry's Bilbao Guggenheim (right) is almost a carbon copy of Wright's in NYC (left) Frank Lloyd Wright intended his Mile High Illinois skyscraper to be the...

UAE builders face Catch 22 on regional diversification

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Dubai-based developer Emaar, best known for building the Burj Khalifa, has Dh4.2 billion worth of projects in Egypt, about 15 per cent of its book value. UAE developers and construction companies also moved into Libya, Tunisia, Saudi Arabia and Bahrain in recent years as they tried to move away from the struggles of the Dubai property market.