Category: Business Segments

Dubai has once again mesmerised the world with a magnificent New Year’s Eve fireworks spectacle by Emaar Properties, bidding farewell to 2016 and welcoming in 2017 in resplendent style. Hundreds of thousands of spectators from all over the world joined the celebrations in Downtown Dubai, Emaar’s mega-development in the heart of the city, centred around the iconic Burj Khalifa. The dazzling event reached billions more through live television feeds and a real-time experience via Twitter Live Stream.

Moments before the stroke of midnight, Downtown Dubai was enveloped in a blanket of darkness. And then to the sounds of a special musical composition by Dhabiwood Studios, played by more than 80 musicians and recorded in studios in Dubai and Cairo, the spectacle unfolded.

A glittering falcon took flight in the night sky to announce the imminent arrival of the New Year, and then the countdown commenced with a fascinating play of lights and laser, leading to the moment that the world waited for as Burj Khalifa, the towering icon, glittered in a million lights and was lit by thousands of fireworks. New Year greetings in Arabic and English then appeared on LED screens on Burj Khalifa.

The celebrations that followed had no parallel. Across Downtown Dubai, fireworks, pyrotechnics, laser shows and LED displays in multiple hues created intricate motifs and patterns – each one more impressive than the last, and every act spellbinding visitors with an electrifying performance that lit up the sky in festive illumination.

Swirling comets, Arabian dance forms and other designs drawn from Emirati heritage and culture were created through the fireworks in fascinating precision. Adding more magic to the show was The Dubai Fountain, specially choreographed with water and fire.

And still the best was yet to come. With all lights dimmed once again, the glittering falcon reappeared against the dark sky. It took flight towards the newly opened Dubai Water Canal and from there, to the site of Dubai Creek Harbour. Fireworks and pyrotechnics followed, setting a brilliant continuum of lights from Burj Khalifa through the Dubai Canal to Dubai Creek Harbour, where the glorious architecture of The Tower, the city’s future icon currently being developed by Emaar, was simulated in lights and fireworks. The panoramic vista served as a visual link between the two grand icons that define Dubai’s present and its future.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Dubai has charmed the world once again. This celebration is our message of positivity to the world, and our welcome to everyone to come, visit and live in our city. This magnificent display is also our salute to our leadership, our mark of gratitude for making Dubai such a great place to be as a result of their futuristic vision.”

This year’s New Year’s Eve Gala stood out for its exceptional artistic interpretations in pyrotechnics and LED graphics. The sequence of the fireworks, all the way up to Dubai Creek Harbour, could be watched on big screens in Downtown Dubai as well as online at www.mydubainewyear.com. The Twitter Live stream of New Year’s Eve Gala was available @DUBAINYE.twitter.com.

Special viewing galleries were set up for visitors to Downtown Dubai to take part in the celebration. Dubai Department of Tourism & Commerce Marketing, Roads & Transport Authority, Dubai Police, Dubai Civil Defence and Dubai Health Authority, among other governmental entities, supported Dubai’s New Year’s Eve celebrations.

For further details, please visit www.mydubainewyear.com.

Dubai will welcome the world this New Year’s Eve with a spectacular fireworks display that highlights the monumental achievements and futuristic developments of the nation at the Downtown Dubai New Year’s Eve Gala.

Celebrating national pride through a series of themed fireworks crescendos, the New Year’s Eve Gala by Emaar Properties will be a joyous visual performance set against the night-sky of Dubai.

In a sweeping expanse that traverses the entire 500-acre Downtown Dubai neighbourhood, the fireworks show will expand in a visual connect through vantage points across the city, serving as a symbolic bridge between the present and future of Dubai.

Precisely choreographed to a sound-track, which has been specially developed for the celebration, the pyrotechnics display will bring to life several milestone moments and artistic interpretations in fireworks of a falcon flying high, swirling comets, and Arabian dance forms, among others.

In a befitting ode to the Expo 2020 Dubai, the fireworks sequence will also recreate the design of the global event’s logo, inspired by the 4,000-year-old ring discovered by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, at the Sarouq Al Hadeed site.

Other crescendos that will captivate visitors include the midnight moment that ushers in 2017 followed by colourful brush strokes enveloping Burj Khalifa, the global icon. The finale of the event will be a breathtaking display in pyrotechnics celebrating Dubai’s new futuristic icon.

In washes of rainbow colours, specialised red and white comet shows, and LED shows, the pyrotechnics will be displayed from Burj Khalifa, Dubai Opera and various other buildings in Downtown Dubai using the latest technologies.

The music for the fireworks is light-hearted and inspired by Middle Eastern melodies, with a series of compelling crescendos that match the scale of the fireworks.

To be broadcast live, the entire sequence of the fireworks, all the way up to Dubai Creek Harbour, can be watched on big screens in Downtown Dubai as well as online at www.mydubainewyear.com

Special viewing galleries will be set up for visitors to Downtown Dubai to take part in the celebration. They are recommended to arrive before 6pm and to use public transport with Dubai Metro to have extended operating hours.

Dubai Department of Tourism & Commerce Marketing, Roads & Transport Authority, Dubai Police, Dubai Civil Defence and Dubai Health Authority, among other governmental entities, will support Dubai’s New Year’s Eve celebrations.

• What: Downtown Dubai New Year’s Eve Gala

• When: December 31, 2016

• Where: Downtown Dubai

For further details, please visit www.mydubainewyear.com.

Emaar Properties PJSC today announced the appointment of Olivier Harnisch as the Chief Executive Officer of Emaar Hospitality Group, its hospitality & leisure business. Olivier brings to Emaar over 30 years of international experience in the hotel and tourism industry. He joins Emaar from Carlson Rezidor Hotel Group in Brussels, where he was Chief Operating Officer, responsible for a portfolio of over 350 leased, managed and franchised hotels in Europe, the Middle East and Africa.

Olivier has acquired in-depth expertise in all aspects of the hospitality business through multiple leadership roles across four continents. His experience will be a significant asset for Emaar in delivering ambitious growth plans for its hospitality business. Emaar has over 35 new hotels and serviced residences in the development pipeline in the UAE and international markets.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Emaar Hospitality Group has created exceptional experiences for guests through its portfolio of hotels. We are now taking the operations of our hospitality group to the next level, to meet the aspirations of the next generation of travellers, and to drive Dubai’s growth as a global tourism hub. Olivier Harnisch’s significant regional and international experience in both hotel and restaurant operations will be an asset in driving our onward growth, with a focus on bringing innovative and value-added guest experiences, and managing our growing number of hotels that serve distinct market niches.”

Olivier Harnisch said: “Emaar Hospitality Group has set a high standard with its portfolio of innovative hotel brands. The brand identity of Emaar and its commitment towards offering memorable guest experiences are strong foundations to take the hospitality business to a new era of growth. Going forward, we will focus on further enhancing guest experiences, implementing new strategies that create long-term value for all stakeholders, and expanding our footprint within and outside the UAE.”

Olivier started his career in 1986, and was initially associated with individual hotels, food & beverage operations and airlines for over 13 years. This enabled him to gain strong insights in classic hospitality and in developing compelling guest experiences. He then worked at Hilton Worldwide for over 14 years where he held the position of Vice President for Northern and Central Europe, before joining Carlson Rezidor Group in 2012. Having worked across the globe, Olivier is fluent in six languages.

He holds an MSc in Organisational Labour from the University of London, an MBA in International Finance from Heriot-Watt University in Edinburgh and a Degree in Hospitality Management from Berlin School of Hotel Administration.

Emaar Hospitality Group has defined its credentials in the hotel industry with the launch of three brands, each with a distinct niche – The Address Hotels + Resorts, a premium luxury hotel and residences brand, Vida Hotels and Resorts, an upscale boutique lifestyle hotel and residences brand and Rove Hotels, a contemporary new midscale hotel and residences brand. The leisure assets of Emaar Hospitality Group include Arabian Ranches Golf Club, Dubai Polo & Equestrian Club and Dubai Marina Yacht Club.

Abraj Al Hilal 1 residences fully handed over; now a fully established neighbourhoodLocated centrally in Jeddah, Emaar Square has 63 modern offices overlooking the central plaza to be handed over starting this monthAn array of lifestyle amenities including F&B and retail outlets add to the ambience
Emaar Middle East will hand over its Emaar Square offices in Jeddah Gate, an elegant masterplannned community located centrally in the city, to investors and business owners starting this month.

With the final touches to the dedicated office precinct being completed, Jeddah Gate is billed to become a vibrant commercial destination offering 63 world-class office spaces in three buildings that overlook a central plaza.

Emaar Middle East has also launched a third luxury residential project in Jeddah Gate under its Emaar Residences brand of homes. Customers now have the opportunity to buy into one of the most sought-after communities in the city that offers a wide range of lifestyle amenities.

The first residential project – Abraj Al Hilal 1 – has been fully handed over and is now a vibrant family neighbourhood. The Abraj Al Hilal homes are designed for Saudi families, spacious and rich in exclusive amenities including fitness centres, daycare, and swimming pools.

A spokesperson of Emaar Middle East, said: “The handover of Emaar Square offices from this month, and the launch of the third residential project prove our commitment to deliver and create sustained value for our investors. Emaar Square is an office precinct like no other in the city with a central location and being part of an elegant master-planned community with all lifestyle amenities in walking distance. With the growth in demand for homes and offices in Jeddah, our projects are ideally suited for homeowners and investors for its exceptional designs, luxury services and amenities and the high quality of construction.”

Emaar Square comprises three centrally commercial buildings overlooking a central plaza with spectacular water features. A number of luxury retail outlets and a diversity of F&B attractions are situated by the plaza, while an executive office on the top of each building offers business centre amenities. Each office ranges in size from 239 to 400 sq metres. A spacious lobby with reception, high-speed elevators, fine selection of restaurants and retail outlets, dedicated parking, round-the-clock security services, and surveillance system with advanced technology are other features.

Emaar Residences are set in three towers, 17 to 21 storeys high, offering only 283 elegant 1 to 4-bedroom apartments and upper villas (penthouses) for an exquisite lifestyle. The homes range in size from 69 to 298 sq metres. Each of the towers has a welcoming lobby.

Other amenities include children’s playground, outdoor swimming pools for men, a spa for women with fully-equipped gym, aerobics area and other amenities. There is also a male’s fitness centre and a multipurpose hall for social occasions. A childcare centre, 24×7 security, concierge services, and assured parking add to the convenience.

The location of Emaar Residences is unique as it is part of an integrated development. It is located close to King Abdullah Road, facing Emaar Square, and offers direct access to the community services and amenities through walkways and plazas.

Designed to suit the Saudi modern lifestyle choices yet upholding traditional values, Jeddah Gate is an integrated master-planned development with residential, commercial and hospitality projects, leisure facilities, walkways, beautiful plazas and gardens, as well as the wide range of services, retail outlets, mosques, schools and sidewalk dining and cafés.

Spread over a total area of 413,000 sq metres, when completed, Jeddah Gate will have 2,009 residential units, 230,000 sq m of office space, and 68,000 sq m of retail space. Green walkways link the entire neighbourhood with public plazas surrounded by retail outlets, restaurants and cafes.

Jeddah Gate is located on King Abdullah Road, close to King Fahad and Prince Majed Roads, the new gateway to King Abdul Aziz International Airport. It is only five minutes away from the new express-train station, Al-Haramain, which will offer direct access to the Holy Cities of Makkah in less than 25 minutes, and Al-Madina in less than 90 minutes.

The development is also close to the new Jeddah Metro Station at Al-Muntalaq and in close proximity to the central business district, commercial institutions, banking headquarters, the Jeddah Islamic Port, educational institutions, hospitals, malls and governmental offices.

Emaar will develop hospitality projects in Saudi Arabia in the near future that will be managed by Emaar’s Vida Hotels and Residences brand that offers a refreshing new hospitality concept aimed at the new generation of travellers and entrepreneurs.

For more details on Jeddah Gate, please visit the Emaar Sales Centre on King Abdullah Road or call: +920022566; visit: www.emaarme.com.sa

Emaar Middle East is a subsidiary of Emaar Properties, which has developed Burj Khalifa, The Dubai Mall and the ongoing Dubai Creek Harbour. Emaar Middle East’s portfolio includes Al Khobar Lakes, and the Emaar Residences at the Makkah Royal Clock Tower.

Global developer Emaar Properties PJSC has won the prestigious recognition as the ‘Developer of the Year’ at the Arabian Business Achievement Awards 2016. At a gala event held at Armani Hotel Dubai, Ahmad Al Matrooshi, Managing Director of Emaar Properties, received the award from Ali Akawi, Managing Director of ITP and APP.

The ‘Developer of the Year’ recognition underlines Emaar’s proven track-record in delivering consistent value for its stakeholders, and its strong competencies in delivering premium real estate assets in Dubai and other international markets. The award also honours Emaar’s proven competencies in the shopping malls & retail and hospitality & leisure segments, which today contribute about 39 per cent of the recurring revenue of the company.

Chosen by an expert panel following a rigorous process of evaluation, the winners of the Arabian Business Achievements Awards are chosen from a shortlist of nominees created by the executive editorial team of ITP based on business activity in the past 12 months.

Ahmad Al Matrooshi said: “Our founding vision in 1997 was to ‘shape the future’ and we continue to uphold this commitment by creating premium real estate assets that contribute to the national economy. Today, we are developing another icon for the UAE – the Dubai Creek Harbour, one of the world’s largest mega-developments. We are also strengthening our footprint in the hospitality business, having launched our third hotel brand – Rove Hotels this year, and building on our shopping malls business with a dedicated retail district in Dubai Creek Harbour and expanding The Dubai Mall. Across all our operations, our focus is on creating long-term value for our stakeholders.”

In the award citation, Emaar has been feted for its pioneering role in creating master-planned communities in Dubai and developing icons that add to the civic pride of the nation. Highlighting the transformational growth that Emaar has brought to the property, hospitality and retail sectors of the UAE, the panel of judges also congratulated Emaar’s leadership on creating outstanding value – defined by a growth in net profit by 19 per cent in the first nine months of 2016. The bellwether property company of Dubai, Emaar also recorded 54 per cent growth in property sales this year, a testament to its commitment to world-class project execution and timely delivery.

Today, Emaar has assets valued at over AED 165.7 billion (US$ 45.1 billion) and a land bank of 196 million sq. m in Dubai and international markets. Emaar has handed over more than 40,865 homes to date, cementing its strong track-record in project delivery. The company has a backlog of AED 47.576 billion (US$ 12.953 billion) to be recognised in the next few years, demonstrating its financial fundamentals of the company.

James Bond stars join exhibition curators and dignitaries for the launch of ‘Designing 007: Fifty Years of Bond Style’Exhibition runs from November 14, 2016 until February 13, 2017
Dubai, UAE; November 13; 2016: ‘Designing 007: Fifty Years of Bond Style’ exhibition officially opened today at Burj Khalifa ANNEX at a press event attended by stars, exhibition curators, VIPs and dignitaries.

Marking over 50 years of the Bond franchise, the event was fronted by a star-studded panel, which included Caterina Murino – who played the leading lady in Casino Royale; Irka Bochenko – The Blonde Beauty in Moonraker; and Tonia Sotiropoulou – who starred in Skyfall; alongside EON Archive Director, Meg Simmonds; and guest curator, Bronwyn Cosgrave. They took an in-depth look at the craft behind creating a multi-billion-dollar franchise and the difficult process of selecting the very best props, costumes and memorabilia for the exhibition, from the extensive archive.

Irka Bochenko, Bond Girl, Moonraker commented on the exhibition: “Launching this fantastic exhibition in the incredible city of Dubai – which I have come to cherish throughout my many visits – is a beautiful way to celebrate the invincible agent, 007. It’s a privilege to be part of the ‘Bond’ family and I’m honoured to be in Dubai to attend the event launch of the celebrations at Burj Khalifa. Welcome to Dubai Mr. Bond!”

‘Designing 007: Fifty Years of Bond Style’ is expertly curated to highlight the craft behind the cinema icon – James Bond – focusing on its distinctly British luxuriance. Presenting the design and style of the, now, more than half-century old franchise, ‘Designing 007: Fifty Years of Bond Style’ unveils the craft behind the sets, the music, gadgets, vehicles, technology and fashion – in a showcase never seen before in the Middle East. On showcase are items including Scaramanga’s Golden Gun from The Man with the Golden Gun and Daniel Craig’s wardrobe from Casino Royale, the Spectre Aston Martin DB10 and more.

Ahmad Al Falasi, Executive Director – Group Operations, Emaar Properties, said: “Designing 007 is shaking up the Dubai entertainment landscape, as the latest international high-profile event and another first for the Middle East. Dubai is an ideal host for the exhibition, offering a distinct synergy for design masterpieces, and a unique level of excitement that Burj Khalifa and James Bond evoke. Over the next three months, visitors to Downtown Dubai can revel in all things ‘Bond’ in a series of exciting showcases.”

Since its successful debut at the Barbican Centre, London, in 2012, ‘Designing 007’ has been exhibited in Toronto, Shanghai, Melbourne, Moscow, Rotterdam, Madrid, Mexico City and Paris.

Neil McConnon, Head of Barbican International Enterprises, Barbican Centre, said: “Barbican Centre is delighted to have the opportunity to bring ‘Designing 007’ to Burj Khalifa in Dubai. Dubai’s dynamism, glamour and energy are in many ways the perfect setting for Bond. We hope the audience here will enjoy taking a journey through the craftsmanship and artistry that have made Bond so enduring.”

The ‘Designing 007: Fifty Years of Bond Style’ exhibition is staged in Dubai by Colina Capital and Koutoulou Art+Events, in association with Emaar; it is brought to you by Visa in association with OSN.

Ibrahim Selim Ergoz, Country Manager, Visa – UAE, Qatar and Pakistan, said: “James Bond is perhaps the most iconic movie franchise of all time and many of the exhibits on display will be instantly recognisable to visitors. Our association with the franchise stretches back to the Pierce Brosnan era and connects Visa’s innovation with Bond’s iconic gadgets. Throughout the exhibition’s run, Visa cardholders will be able to enjoy a number of exclusive benefits, including discounted tickets, giving them unrivalled access to what is sure to be a must see attraction in Dubai.”

Emad Morcos, Chief Content Officer at OSN, said: “As the region’s leading pay-TV network, OSN not only brings the latest Bond movies straight into homes before anyone else in the Middle East, but by offering an exclusive and dedicated Bond channel, we truly set ourselves apart from the competition. The new OSN Movies HD 007, is a 7-week Bond spectacular, marking the first time in the region that all 24 blockbuster movies will appear together, on one channel, and all in stunning High Definition. The lineup of timeless classics will give fans across the region the chance to binge-watch their favourite Bond films back-to-back, anywhere, any time and on any device.”

Tickets for ‘Designing 007’ are now available at www.burjkhalifa.ae/en/jamesbond with special packages which include At the Top, Burj Khalifa access, Dubai Aquarium & Underwater Zoo entry, or Reel Cinemas James Bond screening tickets also available. The exhibition runs from November 14, 2016 until February 13, 2017.

Net profit for Q3 2016 of AED 1.145 billion (US$ 312 million), 36% higher than during the same period in 2015Revenue for the first nine months of 2016 is AED 11.103 billion (US$ 3.023 billion), 13% higher than during the same period in 2015Shopping malls & retail, and hospitality & leisure businesses record recurring revenues of AED 4.278 billion (US$ 1.165 billion), 39% of the total revenueProperty sales in Dubai at AED 11.601 billion (US$ 3.158 billion), 54% higher than the same period in 2015 underlining the strong demand for homes in Emaar’s developmentsThe iconic dhow-shaped Dubai Opera, a hub performing arts in Dubai, unveiled to public during Q3 2016Unveils golf course master planned development in Dubai South with the launch of Urbana, a staked townhouse project
Dubai, UAE; November 8, 2016: Global property developer Emaar Properties recorded 19 per cent growth in net profit to AED 3.620 billion (US$ 986 million) during the first nine months (January to September) of 2016 compared to a net profit of AED 3.048 billion (US$ 830 million) during the same period in 2015.

Revenue for the first nine months of 2016 was AED 11.103 billion (US$ 3.023 billion). This is an increase of 13 per cent over the revenue of AED 9.849 billion (US$ 2.681 billion) during the same period last year.

The combined revenue from the shopping malls & retail and hospitality & leisure businesses during the first nine months of 2016 stood at AED 4.278 billion (US$ 1.165 billion), similar to same period in 2015 despite the ongoing development at The Address Downtown Dubai hotel this year. Today, these two business segments account for 39 per cent of the total revenue of Emaar.

Emaar’s international operations recorded revenue of AED 1.696 billion (US$ 462 million) during the first nine months of 2016. This accounts for 15 per cent of the total revenue.

With total sales of AED 14.689 billion (US$ 3.999 billion) during the first nine months of 2016, which is 28 per cent higher than the sales of AED 11.442 billion (US$ 3.115 billion) during the same period last year, Emaar now has a backlog of AED 47.576 billion (US$ 12.953 billion) to be recognised in the next few years. This demonstrates the financial fundamentals of the company and the continued value it will create for its stakeholders.

Positive growth in third-quarter 2016

During the third quarter (July to September) 2016, Emaar recorded a net profit of AED 1.145 billion (US$ 312 million), which is 36 per cent higher than the Q3 2015 net profit of AED 843 million (US$ 230 million).

Revenue for Q3 2016 was AED 3.846 billion (US$ 1.047 billion), 16 per cent higher than the Q3 2015 revenue of AED 3.329 billion (US$ 906 million).

A smart company for the future

Mohamed Alabbar, Chairman of Emaar Properties, said: “Our focus for 2016 has been to maximise operational efficiency and drive profitability, while strengthening our revenue stream through new developments in prime real estate assets, malls and hotels in Dubai.

“The vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, is to create a smart city of the future. This has always been our inspiration to push our boundaries and be more innovative. Dubai Creek Harbour, Dubai Hills Estate and the ongoing expansion of Downtown Dubai are examples of our commitment to create city hubs with digital lifestyle features that meet the aspirations of the future generation.”

Mr. Alabbar said that Emaar is drawing on the potential of digital technologies to enhance efficiency and customer service. “Across all our operations – from project design to development and after-sales service, we are being even more customer-oriented. With technology changing modern lifestyles, we aim to be more agile, responsive and relevant to ensure that we create long-term value for our stakeholders.”

Property sales in Dubai

Emaar recorded significant growth in property sales in Dubai, its primary market. During the first nine months of 2016, sale from its launches in its home-market accounted for AED 11.601 billion (US$ 3.158 billion). This is 54 per cent higher than the sales of AED 7.513 billion (US$ 2.045 billion) in Dubai during the same period in 2015.

The growth in investor base was underpinned by new residential launches in Dubai Creek Harbour, one of the world’s largest mega-developments; Dubai Hills Estate, a premium lifestyle community; and in Downtown Dubai. Emaar unveiled new cultural and touristic icons with the launch of The Tower in Dubai Creek Harbour and the opening of Dubai Opera in Downtown Dubai. Both have catalysed sales of residences in the two communities.

Among the new launches this year are: The Address Residences Dubai Opera, Act One Act Two and Il Primo in Downtown Dubai, premium Fairway & Parkway Vistas and Sidra villas in Dubai Hills Estate, 52/42 prime waterfront development in Dubai Marina; Creek Horizon and Harbour Views in Dubai Creek Harbour.

Emaar also commenced the sales on Emaar South its newest mega-development in Dubai South, just minutes from the Al Maktoum International Airport and in easy proximity to the Expo 2020 Dubai site, with the launch of Urbana stacked townhouses. A dedicated golf district, the nearly 7 sq km Emaar South is one of the key components of the newly planned city. Featuring more than 15,000 residences, the project will be a smart neighbourhood that will also create several hundred new jobs in the hospitality, retail and leisure sectors.

Growth in recurring revenues

Emaar Malls (DFM: EMAARMALLS), the shopping malls & retail business majority-owned by Emaar Properties, recorded a net profit of AED 1.422 billion (US$ 387 million) during the first nine months of 2016, 16 per cent higher than AED 1.221 billion (US$ 332 million) recorded in the same period last year. Revenue during the first nine months of 2016 from the malls business is AED 2.392 billion (US$ 651 million), 10 percent higher than the same period last year.

The hospitality & leisure, commercial leasing and entertainment business of Emaar recorded revenues of AED 1.886 billion (US$ 513 million) during the first nine months of 2016. The average occupancy in the flagship Address + Resorts in Dubai during the first nine months of 2016 was 85 per cent, higher than the industry average and 2 per cent higher than the same period last year. The Address Hotels + Resorts and Vida Hotels and Resorts are expanding its footprint to Bahrain, Egypt and Turkey to operate hotels and serviced residences, as well as across the UAE.

Emaar launched Rove Hotels, a joint venture with Meraas Holding, and opened its first property – Rove Downtown Dubai – to strong guest response. In all, 10 Rove Hotels will open in Dubai, adding over 3,700 rooms, in central locations across the city, just in time for Expo 2020 Dubai. The Address Boulevard Dubai, a brand new addition to the portfolio will open soon, while two new Rove Hotels are expected to be unveiled before year end.

The opening of Dubai Opera, a multi-format venue for opera, theatre, concerts, art exhibitions, orchestra and film, has also energised the hospitality business, in addition to adding to the civic pride of the city.

Emaar has assets valued at over AED 165.7 billion (US$ 45.1 billion) and a land bank of 196 million sq. m in Dubai and international markets. Emaar has handed over more than 40,865 homes to date, cementing its strong track-record in project delivery.

In a strong demonstration of its solidarity with the nation’s leadership and saluting their vision, Emaar Properties marked the UAE Flag Day today at Dubai Opera, its iconic new attraction in Downtown Dubai.

Commemorating the path-breaking efforts of the nation’s founding fathers, the late Sheikh Zayed bin Sultan Al Nahyan and the late Sheikh Rashid Bin Saeed Al Maktoum, the UAE Flag Day celebrations symbolize the nation’s colossal achievements.

Emaar’s team saluted the focus of the UAE leadership, President HH Sheikh Khalifa bin Zayed Al Nahyan; Vice President & Prime Minister and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, and Their Highnesses the Members of the Supreme Council, for steering the nation as one of the most modern in the world, assuring every resident justice, peace, safety and security.

Emaar’s senior management accompanied the Emarati workforce, and other staff members to hoist the flag at 11am, joining governmental entities and others across the nation to pledge allegiance to the National Flag, a symbol of unity, dignity and national affiliation.

Celebrating the theme of this year’s UAE Flag Day of ‘Raise it High… Raise it Proud,’ the ceremony at Dubai Opera was a befitting tribute with the venue’s architectural design, proudly inspired from the nation’s heritage, while its cultural calendar marks the evolution of Dubai and the UAE as a hub for arts and culture in the region.

The Emaar team’s display of national solidarity was underlined by their pride in the nations many achievements, and the exemplary values that the leadership has set for every National, and resident in the country.

Global developer Emaar Properties PJSC today announced the appointment of Veresh Sita, an international technology professional with deep expertise in developing customer-oriented solutions and experiences, as its Chief Digital Officer (CDO).

Veresh joins Emaar from Alaska Airlines, where he was CIO, responsible for overseeing an organisation of 300 IT professionals and investing in the airline’s infrastructure, enterprise systems and technical innovation. He also has strong expertise in the real estate sector having worked as the CIO and CDO for Seattle-based Colliers International, helping transform its information and technology services department.

Bringing nearly 25 years of experience in information technology, Veresh is mandated with developing a new digital strategy that will drive Emaar’s growth. He will also prioritise Emaar’s technology roadmap to assure seamless customer service delivery and strengthen the company’s agility and responsiveness in a fast-changing landscape.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Emaar is moving into the next era of growth centred on the new digital ecosystem that is shaping customer outlook and preferences. In today’s fast-evolving world, organisations that lead are the ones that can automate at scale, are agile and highly responsive to the needs of customers.

“With our strong international footprint and persified business competencies, Emaar’s strategy to create long-term value will be led by innovative, tech-driven business and enterprise systems. Veresh has proven global expertise in reengineering technology platforms that will contribute tremendously to the organisation’s growth.”

Veresh said: “It is an honour to lead the technology and digital transformation for Emaar Properties, a developer of architectural icons, and the pioneer in developing integrated master-planned communities. It gives me the opportunity to be part of a global company with a truly global technology mandate. Emaar’s success is led by its relentless focus on customer service excellence that will continue to be the key objective of our new digital strategy. My focus will be on building high performance teams that love working together and deliver digital transformation through customer-oriented digital platforms, automation at scale, product-based developments, and velocity & continuous service delivery.”

As CDO, Veresh will be responsible for developing systems that assure exceptional client service across multiple geographies. He will also work to deliver the highest level of IT services and availability on a day-to-day basis needed by the Group’s overall operation. He will also be a key contributor to the company’s strategic business decisions.

Veresh has also worked as Director – Global Business Systems Solutions at Starbucks Coffee Company, leading the largest business process and systems transformation in the company’s history. He has been named as ‘Best CIO of a Large Company’ by the Puget Sound Business Journal in 2013.

Born and raised in South Africa, he has a bachelor’s degree in commerce/business information systems from the University of Witwatersrand in Johannesburg, South Africa. He is involved in mentoring youth and business professionals.

The Roads and Transport Authority (RTA) has signed two MoUs with Dubai Electricity & Water Authority (DEWA) and Emaar Properties for continuing their roles in co-organizing the Dubai International Project Management Forum (DIPMF) over the next three years (2017-2019). Starting from the next edition, the Forum will see the decoration of winners of the Hamadan bin Mohammed Project Management Innovation Award. The signing of the MoUs culminates the successful partnership between the RTA, DEWA and Emaar Properties over the past three editions (2014-2016).

The MoUs were signed at the sidelines of the DIPMF which was concluded yesterday, by HE Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA on behalf of the RTA; HE Saeed Mohammed Al Tayer, Managing Director and CEO of DEWA on behalf of DEWA; and HE Mohammed Al Abbar, Chairman of Emaar on behalf of Emaar.

Al Tayer was pleased with the MoUs that signal the continuation of partnership in organizing the DIPMF, which is held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council. “This partnership contributes to realize the objectives of the Forum which showcases the pioneering upswing seen by Dubai emirate under the wise leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. Dubai is one of the leading cities worldwide in ensuring project management and adopting the highest international standards in constructing mega projects such as Burj Khalifa, Palm Jumeirah, Dubai Metro, Dubai Tram, Dubai Airports and giant ports, besides utilizing the outcomes of this Forum for future projects such as Expo 2020 which is expected to attract 25 million visitors, 70% of them will come from outside the UAE, and set to create more than 277,000 jobs.

Al Tayer pointed to the great success of previous DIPMF editions in terms of perfect organization, and huge attendees exceeding 2,000 participants per event. He also highlighted the various topics addressed such as engineering, construction, project management, sports, energy, environment, sustainability, future shaping, smart cities, among others. DIPMF crowned its success by launching Hamdan bin Mohammed Award for Innovation in Project Management, and winners will be honored in the 2017 edition.

For his part, HE Mohammed Al Abbar, Chairman of Emaar Properties, said: “DIPMF is a leading platform in showcasing the exceptional achievements made by Dubai thanks to adopting the best practices in undertaking mega projects.”

“DIPMF reflects the wise vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai aimed at cementing the standing of Dubai as a global hub for innovation in constructing infrastructure that shape the future of smart cities,” noted Al Abbar.

Based on Dubai Strategic Plan 2021 and Dubai Smart vision, the emirate has succeeded in delivering unprecedented projects that have become a source of pride, epitomizing the true values of dedication and unlimited ambition thanks to the auspices of Emaar Properties to the event, as an organizing partner.

HE Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority was pleased with continuity of partnership with the RTA to ensure further cooperation, enhance the global reputation of the DIPMF and further up the leading standing enjoyed by the emirate of Dubai worldwide in this vital field.

“We are pleased to continue our close cooperation with the RTA to achieve the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai, to enhance the prestige of global standing enjoyed by the Emirate of Dubai in the fields of finance, business, tourism, green economy and sustainability. The partnership with the RTA in organizing this Forum is part of our endeavors to achieve innovation in project management, especially green projects through sustainability of resources, besides nurturing clean, healthy and sustainable environment & green solutions, enhancing energy consumption & efficient management of solid waste, saving resources, establishing sustainable communities, and focusing on research & planning to consolidate sustainable development,” elaborated the Managing Director and CEO of Dubai Electricity and Water Authority.