BUSINESS & JOBS

A Dubai Pearl is still a long way from delivery date and is a project in its own right. Its mix-use status should add to the attraction of living in Palm Jumeirah and when its numerous commercial spaces become available this will attract more people to live on the Palm.

Residents have access to the amenities at the newly-opened Armani Hotel Dubai, including eight shops and a spa, as well as the Burj Khalifa’s four swimming pools, residents’ lounge, health and fitness facilities, and At.mosphere, a restaurant on Level 122.

Emaar Properties, the country’s largest developer, has started to send letters to owners of units in the Burj Khalifa in Dubai, warning that they will lose their apartments and 40 per cent of the property’s value if they fail to pay their overdue instalments within two weeks.

Emirates NBD, a leading bank in the region, announced that customers applying for personal or priority banking products or services at any of the four Emirates NBD branches in the Burj Khalifa area, will have several opportunities to win a ‘stay for two’ at the Jal Fujairah Resort and Spa, located on the east coast of the UAE.

Emaar Hospitality Group, the hospitality & leisure subsidiary of global property developer Emaar Properties PJSC, won six awards at the World Travel Awards 2010 with Emaar Hospitality being voted as the ‘Middle East’s Leading Tourism Property Development Company,’ and The Address Hotels + Resorts winning awards for all its properties in Dubai.

Emaar Properties PJSC, a global property developer with a significant presence in key markets worldwide, announced today first quarter 2010 revenue of AED 2,886 million (US$ 786 million), underpinned by the robust performance of the company’s hospitality and shopping mall subsidiaries during a period when the company opened the world’s tallest building, Burj Khalifa.

Emaar Properties has announced it will roll over its US $1.32 billion (AED4.84 billion) debts into long-term project funding as fears recede of a repeat of the bail-out needed for stricken developer Nakheel. On Sunday it announced that Burj Khalifa is to tap solar power for residential water heating, using technology installed and operated by SOLE UAE Solar Systems.

The number of completed buildings in Dubai during 2009 topped the 2,500-mark, according to Dubai Municipality data released by the Dubai Statistics Centre (DSC). These numbers are set to grow this year, with Burj Khalifa delivered in January 2010. The value of these completed buildings, according to DSC statistics, was Dh24.89 billion.

Come April, the first tenants may finally be able to move into Dubai’s Burj Khalifa, now the tallest building in the world. Despite a series of setbacks since its ostensible opening two months ago, including the closing of the observation deck, the tower has already prompted an exuberant proliferation of record-breaking statistics: it soars more than half a mile high, stands twice the height of the Empire State Building, boasts views that reach 60 miles, etc

Harbouring most of the world’s architectural wonders such as the tallest building in the world—the Burj Khalifa with 168 floors, the only seven-star hotel in the world—Burj Al Arab, one of the world’s largest shopping malls—Dubai Mall, among others including the New Metro, Dubai is unarguably, the world’s most glamorous tourism destination.