Category: Business Segments

18th AGM approves Board’s proposal regarding distribution of 15% cash dividend to shareholdersEmaar to focus on developing prime real estate assets that add long-term value for the stakeholders and energise the Dubai economyTo define 2016 with opening of Dubai Opera and roll out the magnificent tower at Dubai Creek HarbourEmaar to strengthen shopping malls & retail and hospitality & leisure businesses in Dubai and other international markets; new Retail District in Dubai Creek Harbour
Dubai, UAE; April 18, 2016: The 18th Annual General Meeting of global developer Emaar Properties PJSC today approved a cash dividend of 15 per cent of the share capital, equivalent to AED 1.074 billion (US$ 292 million), for distribution to the shareholders.

The meeting also approved the report by the Board on the activities and financial position of the company as well as the Auditor’s report for the financial year ending December 31, 2015. The AGM appointed Ernst & Young as the auditors for 2016.

The AGM also approved by special resolution the proposal by the Board of Directors to amend the Articles of Association of Emaar Properties in accordance with Federal Law No 2 of 2015 on Commercial Companies.

As per the Securities & Commodities Authority Resolution No 2.2015, cash dividend payments will be made either through iVESTOR Cards or via bank account transfer. Emaar has urged shareholders to secure their DFM Investor Number and update their payment method to either iVESTOR Card or Bank Account Transfer.

Mohamed Alabbar, Chairman of Emaar Properties, said that 2016 will be a significant growth year for Emaar having recorded robust results led by the positive growth of the Dubai economy.

“With all core sectors of the economy performing exceptionally well, and with the preparations for the Expo 2020 Dubai progressing in full swing, the coming years will witness healthy growth trends in Dubai that support all the three core businesses of Emaar – property development, shopping malls & retail and hospitality & leisure.”

“We are setting new benchmarks this year, particularly with the opening of Dubai Opera, a multi-format events venue in Downtown Dubai. Emaar has also rolled out the magnificent tower that will form the vibrant heart of Dubai Creek Harbour, a one-of-a-kind masterplannned community that will further energise the city by welcoming visitors from around the world,” he added.

Mr. Alabbar said that Emaar’s strategy of developing prime real estate assets that meet the real demand for world-class residences in central locations is further highlighted by the progress in Dubai Hills Estate and the launches of high-end homes in Downtown Dubai and Arabian Ranches. Emaar is also expanding its development portfolio in high-growth international markets including Saudi Arabia, Egypt, India and Turkey, among others, where the company has unveiled several world-class master-planned communities.

“The shopping malls business will gain further traction with the launch of a dedicated Retail District in Dubai Creek Harbour and the expansion of The Dubai Mall by another 1 million sq ft built-up area, while our hospitality business will see the ambitious launch of several new hotels and serviced residences in Dubai and other international markets under our three hotel brands including the newly launched value lifestyle Rove Hotels,” he said.

Mr. Alabbar said Emaar’s continued growth has been led by the guidance and vision for Dubai of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. “Our leadership has created a high-growth environment in Dubai. And it is our responsibility and duty to give back to our leadership and our nation for their support. For us, therefore, every project will also be a social commitment to create lasting value and driving all-round progress.”

With assets valued at over AED 165 billion (US$ 45 billion) and a land bank of 196 million sq m in the UAE and international markets, Emaar recorded full-year 2015 net operating profit of AED 4.383 billion (US$ 1.193 billion), 18 per cent higher than the FY2014, and revenue of AED 13.661 billion (US$ 3.719 billion), 33 per cent higher than the previous year.

In the UAE, total sales in 2015 were over AED 10.23 billion (US$ 2.79 billion) while sales across various international markets in 2015 were valued at AED 5.05 billion (US$ 1.37 billion). Emaar listed its country-subsidiary, Emaar Misr on the Egyptian Exchange, which recorded an increase in in-country revenue of 74 per cent in 2015.

The shopping malls & retail and hospitality & leisure businesses recorded recurring revenues of AED 5.788 billion (US$ 1.576 billion), 42 per cent of the total revenue. The hospitality & leisure business outperformed the broader hospitality market with the average annual occupancy at The Address Hotels + Resorts at 86 per cent.

Visitor arrivals across all Emaar Malls assets crossed 124 million in 2015, an increase of 9 per cent compared to 2014, with The Dubai Mall accounting for 80 million annual visitors. In 2015, revenue from international operations of Emaar increased by 46 per cent to AED 2.620 billion (US$ 713 million), accounting for 19 per cent of the total revenue.

Emaar has handed over more than 40,000 residential units in Dubai and other international markets to date. Over 33,600 units were handed over in the UAE since 2001. Over 79 per cent of the total units launched in Dubai in 2014 and 2015 and about 90 per cent of the total units launched in key international markets have been sold.

18th Annual General Meeting of Emaar Properties today (Monday, April 18, 2016) Dubai, UAE; April 18, 2016: The 18th Annual General Meeting (AGM) of Emaar Properties PJSC will be held today (Monday, April 18, 2016), 5pm, at the Diamond Ballroom of The Address Dubai Mall. If the meeting falls short of quorum, the next AGM will be held at on Monday, April 25 at the same time and venue.

The Emaar Properties AGM will discuss the proposal of the Board of Directors to distribute cash dividends amounting to 15 per cent of the share capital being 15 fils per share for the year 2015.

The meeting will also receive and approve the report by the Board on the activities and financial position of the company as well as the Auditor’s report for the financial year ending December 31, 2015. The AGM will also appoint the auditors for 2016.

Further, the meeting will also submit the proposal by the Board of Directors to approve by special resolution the amendment of the Articles of Association of Emaar Properties in accordance with Federal Law No 2 of 2015 on Commercial Companies.

In 2015, Emaar recorded net operating profit of AED 4.383 billion (US$ 1.193 billion), 18 per cent higher than the FY2014, and revenue of AED 13.661 billion (US$ 3.719 billion), 33 per cent higher than the previous year. The shopping malls & retail and hospitality & leisure businesses recorded recurring revenues of AED 5.788 billion (US$ 1.576 billion), 42 per cent of the total revenue.

The Address Fujairah Resort + Spa is the first development for Eagle Hills in the UAE; includes a hotel, serviced residences and branded villasLocated in Fujairah, the mixed-use development has a promenade that stretches 500 metres along the coast line, beach access, and a PlazaThe Address Residences Fujairah Resort + Spa includes 4 residential buildings, 10 villas encompassing 5 beach villas and 5 garden villas
Abu Dhabi, April 12, 2016: Abu Dhabi-based private real estate investment and development company, Eagle Hills, in partnership with The Address Hotels + Resorts, today unveiled The Address Fujairah Resort + Spa, the first development of its kind in the United Arab Emirates.

Located in Sharm in Fujairah, famous for its breathtaking landscape of mountains and sea views, The Address Fujairah Resort + Spa is situated south of Al Aqah beach and only 21 kilometres south of Dibba Al Fujairah, offering uninterrupted sea views.

The mixed-use development will offer the emirate’s residents and visitors a holistic experience of hospitality, leisure and entertainment. The project comprises The Address Fujairah Resort + Spa hotel, and The Address Residences Fujairah Resort + Spa, the latter spanning four residential buildings that include 105 two-bedroom units, 60 three-bedroom units, 12 four-bedroom units, and ten villas that include five beach villas and five garden villas. There will be over 432 parking spaces available for residents and visitors.

The project is set to serve as Fujairah’s ultimate leisure and lifestyle destination with a 500-metre promenade, beach access, and unique plaza providing unparalleled culinary options. Guests and owners will enjoy a range of exclusive five-star amenities at The Address hotel.

Commenting on the launch, Low Ping, CEO of Eagle Hills, said: “This is the first development for Eagle Hills in the UAE, after having launched large-scale projects in Bahrain, Jordan, Serbia, Morocco and Nigeria. The Address Fujairah Resort + Spa is envisaged to become one of the most sought-after hospitality venues in the emirate, bringing a unique value proposition to residents and tourists alike. The breathtaking landscape of Fujairah will add an exclusive charm to the project’s superb location, wedded with five-star luxury, superior service and tangible guest benefits.”

Chris Newman, Corporate Director of Operations, Emaar Hospitality Group, said: “The Address Fujairah Resort + Spa further strengthens our footprint in the UAE, and builds on the exceptional hospitality experiences we already deliver in Dubai. We have strong competencies in managing hotels, serviced residences and branded villas, assuring world-class service for our guests and tenants, while creating long-term value for the owners. The development will contribute significantly to Fujairah’s tourism sector, supporting the concerted efforts by the government to establish the emirate as a leisure destination.”

Apart from award-winning properties in Dubai, The Address Hotels + Resorts marked its entry into international markets with its first fully-fledged hotel and serviced residences property in Turkey. It is also working with Eagle Hills on The Address Marassi Al Bahrain, a five-star hotel, and The Address Residences Marassi Al Bahrain. In other management contracts, it operates The Address Marassi Golf Resort & Spa in Egypt.

AGM to discuss the Board’s proposal regarding distribution of 15% cash dividend to shareholdersEmaar recorded 18% growth in net operating profit and 33% growth in revenue during 2015 compared to 2014Focus of 2016 to developing prime real estate assets in Dubai and other international markets & strengthening malls & hospitality businessesEmaar Malls AGM to be held on April 19 to discuss proposal regarding distribution of 10% cash dividend to shareholders
Dubai, UAE; April 16, 2016: Global developer Emaar Properties PJSC will hold its 18th Annual General Meeting (AGM) on Monday, April 18, 2016, 5pm, at the Diamond Ballroom of The Address Dubai Mall. If the meeting falls short of quorum, the next AGM will be held on Monday, April 25 at the same time and venue.

The AGM of Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by global property developer Emaar Properties, will also be held on Tuesday, April 19, 2016, 5pm, at the Diamond Ballroom of The Address Dubai Mall. If it falls short of quorum, the next AGM will be held on Tuesday, April 26 at the same time and venue.

The Emaar Properties AGM will discuss the proposal of the Board of Directors to distribute cash dividends amounting to 15 per cent of the share capital being 15 fils per share for the year 2015. The meeting will also receive and approve the report by the Board on the activities and financial position of the company as well as the Auditor’s report for the financial year ending December 31, 2015. Furthermore the AGM will appoint the auditors for 2016.

Further, the meeting will also submit the proposal by the Board of Directors to approve by special resolution the amendment of the Articles of Association of Emaar Properties in accordance with Federal Law No 2 of 2015 on Commercial Companies.

The Emaar Malls AGM will discuss proposal of the Board of Directors regarding the distribution of dividends to the shareholders amounting to 10 per cent of the share capital being 10 fils per share as cash dividend. The meeting will also receive and approve the report of the Board of Directors on the activities and financial position of the company for year ended Dec. 31, 2015, and appoint auditors for the year 2016. The meeting will also seek to approve the amendment of the name of the company from Emaar Malls Group to Emaar Malls.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Despite the challenges in the regional economic environment, Emaar recorded robust growth during 2015 led by our strategy to develop world-class real estate assets that reflect the aspirations of our customers. Our diversified business model, with increasing share of revenues from the shopping malls and hospitality operations, and the continued expansion in high-growth international markets also contributed to our healthy financial results.”

He added: “Our commitment is to create long-term value for our stakeholders, and we will continue to set high benchmarks through our development strategy for 2016. In this, our emphasis is on developing iconic new projects that support the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to establish Dubai as a smart and sustainable city, and a preferred place to live, work and visit. With group sales in 2015 amounting to over AED 15.28 billion and a conservative capital structure, we are on track to record significant growth and boost profitability.”

In 2015, Emaar recorded net operating profit of AED 4.383 billion (US$ 1.193 billion), 18 per cent higher than the FY2014, and revenue of AED 13.661 billion (US$ 3.719 billion), 33 per cent higher than the previous year.

Emaar has a total backlog of AED 37.31 billion across all markets. In the UAE, total sales in 2015 were over AED 10.23 billion (US$ 2.79 billion) with a backlog of AED 25.81 billion (US$ 7.03 billion) to be recognised over the next four to five years. Sales across various international markets in 2015 were valued at AED 5.05 billion (US$ 1.37 billion).

The shopping malls & retail and hospitality & leisure businesses recorded recurring revenues of AED 5.788 billion (US$ 1.576 billion), 42 per cent of the total revenue. The hospitality & leisure business recorded revenues of AED 1.677 billion (US$ 457 million), outperforming the broader hospitality market with the average annual occupancy at The Address Hotels + Resorts at 86 per cent.

In 2015, Emaar Malls recorded a net profit of AED 1.656 billion (US$ 451 million) while rental income was AED 2.992 billion (US$ 815 million). Visitor arrivals across all Emaar Malls assets crossed 124 million in 2015, an increase of 9 per cent compared to 2014, with The Dubai Mall accounting for 80 million annual visitors, once again clinching the honour as the world’s most-visited shopping and leisure destination.

Emaar Malls has a gross leasable area of about 6 million sq ft. This is being expanded with the ongoing addition of another 1 million sq ft built-up area at The Dubai Mall’s Fashion Avenue. It will add another 150 international and local brands to the mall, adding more choice to visitors.

In 2015, revenue from international operations of Emaar increased by 46 per cent to AED 2.620 billion (US$ 713 million), accounting for 19 per cent of the total revenue. Emaar Misr, the Egyptian subsidiary of Emaar Properties, which is listed on The Egyptian Exchange, delivered superior growth across all metrics, achieving a 74 per cent increase in revenue in 2015 and 22 per cent growth in year-on-year sales.

To date, Emaar has handed over more than 40,000 residential units in Dubai and other international markets. Of these, to date, over 33,800 units were handed over in the UAE since 2001. About 79 per cent of the total units launched in 2014 and 2015 have been sold.

This year, Emaar is rolling out world-class residential projects in Dubai including in the Dubai Creek Harbour, a 6 sq km ultra-modern development located along the historic creek and near the Dubai International Airport. Recently approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the development will feature ‘The Tower’, planned as an architectural wonder that will be as great as Burj Khalifa and Eiffel Tower.

Emaar has also recorded positive sales for its launches in Dubai Hills Estate, Dubai’s first ‘green city’ with homes set amidst leafy emerald avenues and green corridors, with its elegantly designed neighborhoods set around an 18-hole championship golf course.

Dubai Opera, the iconic centerpiece of The Opera District in Downtown Dubai, will open doors this year, creating a world-class cultural destination in the heart of the city.

Emaar will also open the first property under its new hotel brand Rove Hotels this year, apart from unveiling new hotels under The Address Hotels + Resorts portfolio.

With 196 million sq m of land bank in the UAE and international markets, Emaar has assets valued at over AED 154.51 billion (US$ 42 billion).

So much more than opera, Dubai Opera will be the centre stage of all arts, a home to all genres. From ballet and classical, through to musicals and theatre, comedy, family, rock, pop and jazz. Get ready to be truly captivated.

An impressive calendar of 49 world class performances of opera, ballet, classical and family entertainment previewing the future of Dubai’s newest international cultural offeringEmaar’s iconic multi-format events venue will host The Pearl Fishers, a soul-stirring romantic opera as first full production, this Autumn, that serves as a cultural tribute to the city’s heritageInaugural production complements stellar architecture of Dubai Opera that draws inspiration from the Arabian dhowsAccomplished artists to perform at Dubai Opera include Placido Domingo, The Russian State Ballet and Orchestra of Siberia, Vienna Concert Verein, the final world tour of José Carreras, Hussain Al Jassmi, Ballet Flamenco Sara Baras and Anoushka Shankar, among others
Dubai Opera, the city’s first purpose-built multi-format performing arts theatre situated in the heart of Downtown Dubai, will celebrate its first performance this Autumn with a concert by legendary Spanish tenor, conductor and art administrator Plácido Domingo.

Described as the ‘King of Opera,’ and the ‘greatest operatic artist of modern times,’ Domingo has sung over 4,000 performances of 147 roles in addition to conducting more than 500 performances. He is named by the Guinness Book of Records for his repertoire and for having received 101 curtain calls after a performance – Verdi’s Otello at the Vienna State Opera.

The Domingo concert will be followed with Dubai Opera hosting the soul-stirring historic opera The Pearl Fishers. The three-act opera by the French composer Georges Bizet, to a libretto by Eugène Cormon and Michel Carré, serves as an ode to the rich heritage of Dubai, with its history seeped in adventurous pearl-diving expeditions by its people. It also complements the architectural splendour of Dubai Opera, which derives its inspiration from the Arabian dhow.

First performed in 1863, The Pearl Fishers narrates the story of two men’s promise of eternal friendship that is tested by their love for the same woman. The highlight of the opera, The Pearl Fishers Duet is among the best-known in Western opera. The Pearl Fishers, which has enticed opera lovers the world over for its lyrical quality, will be performed by Fondazione Teatro Lirico “Giuseppe Verdi, Trieste.”

Mohamed Alabbar, Chairman of Emaar Properties, said: “With a world-class line-up of performances in the opening year itself, Dubai Opera is defining its credentials as the cultural hub of the region. The diversity of events that the multi-format venue showcases places our city on part with the cultural capitals of the world, welcoming art lovers from all over to our city. From hosting legendary names in performing arts to exceptional artists who have won rave international reviews, Dubai Opera’s calendar of events raises the bar for the cultural scene in Dubai.”

Jasper Hope, Chief Executive of Dubai Opera, said: “Dubai Opera is bringing a spectacular calendar of performances – from defining operas to exhilarating ballets and compelling classical music in our opening year. The line-up of performances will be a revelation for culture-lovers in the city. We are bringing world-class performers to Dubai who will appeal to residents and tourists alike and will help broaden even further the incredible international appeal of Dubai.”

While The Pearl Fishers will be performed in Autumn, opera lovers will be further enthralled with the masterpiece comedy by Gioachino Rossini, The Barber of Seville. Set to an Italian libretto by Cesare Sterbini, based on the French comedy by Pierre Beaumarchais, the opera buffa in two acts marked its debut in 1816, and will be performed by Fondazione Teatro Lirico “Giuseppe Verdi, Trieste.”

Other highlights during the year also include: Opera without Words, an evening of Italian Opera’s greatest overtures and interludes performed by Fondazione Teatro Lirico Giuseppe Verdi, Trieste and conducted by Francesco Quattrocchi. It brings the magnificent orchestral pieces by the greatest opera composers that have taken on a life of their own.

Giselle performed by The Russian State Ballet and Orchestra of Siberia, is considered as one of the great Romantic ballets. It was first performed in 1841 and focuses on the love of a peasant girl who dies of a broken heart after discovering her lover is betrothed to another.

Also by The Russian State Ballet and Orchestra of Siberia, Coppelia is set to Leo Delibes’ beautiful score. It is a captivating and entertaining family ballet based on a story by E.T.A. Hoffmann about an eccentric toymaker who has built a life-sized doll, Coppélia, and daydreams of her coming to life.

Dubai Opera comes alive to the strains of the Mozart Gala performed by Vienna Concert Verein followed by Postcards from Vienna, and then will host Impossible, described as the ‘most dangerous show’ the city has ever seen. It features the world’s best illusionists live on stage in a magic spectacular that will thrill and amaze audiences of all ages.

Dubai Opera then welcomes on stage the renowned Catalan tenor, José Carreras, who celebrates ‘A Life in Music,’ his final world tour. One of the Three Tenors along with Domingo and Luciano Pavarotti, Carreras is highly acclaimed for his performances in the operas of Verdi and Puccini.

The music fest continues as Emirati singer Hussain Al Jassmi takes centrestage followed by the unmatched brilliance of Vivaldi’s The Four Seasons featuring Fabio Biondi and Europa Galante.

Spain’s foremost Flamenco superstar, Sara Baras, comes to Dubai Opera with Voces, Suite Flamenca, a show that pays tribute to six flamenco luminaries. Directed, staged and choreographed by the versatile artist Baras, it has gained international acclaim for its exhilarating music.

Sitar player and composer Anoushka Shankar who has five Grammy® Award nominations and is the youngest – and first female – recipient of a British House of Commons Shield, brings her 2016 work, Land of Gold, focusing on the refugee crisis in the world.

Discover the world of Bejart Ballet Lausanne, which brings Ballet for Life and a Ballet Gala of Seven Greek Dances, Piaf and Bolero, a masterpiece by Maurice Bejart.

Audiences can also watch the acclaimed show, The Nutcracker on Ice featuring the Imperial Ice Stars. Set against a backdrop of colourful scenes and projections, opulent costumes, magic tricks and special effects, the cast of World, European and National Championship level skaters dance to Tchaikovsky’s glorious score.

Multi-award winning international sensation, Slava’s Snowshow will come to Dubai Opera over the Festive Season. It is a universal and timeless theatrical poetic spectacle that has unanimously enchanted and empowered the imagination of audiences around the world. Experience a joyous dream-like world that culminates in a breathtaking blizzard leaving audiences literally knee deep in snow.

Further performances including a number of high profile names and productions will be announced in due course. Tickets can be booked online at: www.dubaiopera.com

Dubai Opera overlooks the majestic Burj Khalifa and spell-binding Dubai Fountain. It offers the ultimate flexibility of a proscenium arch theatre, an acoustic concert hall and a 2,000 sq m flat floor event space. With a built-up area of over 35,500 sq m, Dubai Opera is an integral part of The Opera District, a dedicated cultural and lifestyle hub launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.

Architectural features of a new iconic destination, designed by Santiago Calatrava Valls, unveiled at an exclusive preview in DubaiWith design influenced by the natural contours of the lily and the region’s Islamic culture, The Tower will be crowned by The Pinnacle RoomThe Tower to establish Dubai Creek Harbour as one of the most desired residential and leisure destinations in the city
A glittering new icon will define Dubai’s skyline with Emaar Properties today unveiling the design elements and architectural features of a magnificent tower in the heart of Dubai Creek Harbour.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, chose the design by renowned Spanish/Swiss neo-futuristic architect, structural engineer, sculptor and painter Santiago Calatrava Valls, from a competitive international design pitch for this new landmark.

The Tower serves as the vibrant core of Dubai Creek Harbour, a 6 sq km world-class masterplannned development that is two times the size of Downtown Dubai and located 10 minutes from the Dubai International Airport. The waterfront development is centred off the Dubai Creek, the cradle of Dubai’s history and culture, and in close proximity to the Ras Al Khor National Wildlife Sanctuary, protected under the UNESCO Ramsar Convention and home to over 67 species of water birds.

Mohamed Alabbar, Chairman of Emaar Properties, said: “The Tower in Dubai Creek Harbour is our tribute to the positivity, energy and optimism that Dubai and the UAE celebrate, led by a leadership committed to all-round progress. A shining beacon of hope for the world, celebrating diversity and human achievements, this new iconic landmark further highlights the country’s ambition and futuristic vision and enhances our nation’s pride. It will be the destination for the world to visit, enjoy and celebrate life, as Dubai prepares to host the Expo 2020.

He added: “The design by Santiago Calatrava, chosen after a competitive pitch from the world’s top architects, was a perfect fit to our requirement for a landmark that defined our urban core for Dubai Creek Harbour. It integrates not just design excellence but also strong environmental and smart-tech considerations. With The Tower, we are delivering a compelling destination that will add long-term economic value to Dubai and the UAE. It will also position Dubai Creek Harbour as one of the most desired residential, leisure and touristic attractions, providing visitors and residents with a modern, luxurious and sustainable environment in which to live, work, learn and entertain.”

Fadel Al Ali, Chief Executive Officer of Dubai Holding, said: “We are extremely proud that our joint venture partnership with Emaar will deliver a new landmark in Dubai; a distinctive addition to the city’s skyline and a symbol of architectural excellence. Unveiling The Tower design is an important step for the Dubai Creek Harbour project. This development will offer a lifestyle choice that is unprecedented in Dubai, in what will be one of the most sought after residential and tourist areas of the city. Our partnership with Emaar is progressing well and we are extremely excited by the way this project is coming to life.”

Santiago Calatrava Valls said: “From the beginning, my team and I have tried to put the best of ourselves into this project, since it is very special and is a great honour to participate. The collaboration with such a prestigious firm as Emaar Properties makes it even more exciting and demanding. The design has clear reference to the classic art from the past and the culture of the place while serving as a great technological achievement. In my whole career, I have perceived technology as a vehicle to beauty and to art. This project envisages an artistic achievement in itself, inspired by the idea of welcoming people, not only from Dubai and the UAE, but from the entire world. It is a symbol of an abiding belief in progress.”

Calatrava’s accomplished works include the World Trade Centre Transportation Hub in New York, Calgary Peace Bridge, the Olympic Sports Complex in Athens and the Turning Torso Tower in Malmö, which was recently awarded with the Ten Year Award from the Council on Tall Buildings & Urban Habitat (CTBUH), among others.

His design philosophy is to fuse architectural expression, structural innovation, functional efficiency and environmental benefits into one single imaginatively bold gesture that responds to, and transcends, the challenges of each unique site. Each project therefore creates a sense of place that enhances the setting – functionally, environmentally and communally.

Design Palette

The Tower at Dubai Creek Harbour draws design inspiration from the lily and evokes the image of a minaret, which is a common feature and distinctive aspect of Islamic culture. The elongated oval-shaped bud and geometric texture set the template for the observation decks. The slender stem serves as the analogy for the structure, which is engineered to its most efficient diameter. It is linked to the ground with sturdy cables, in turn, inspired by the delicate ribbing of the lily leaves. The cable array gives the structure its strength, anchoring the ‘bud’ securely to the ground with technical precision using modern engineering materials.

The Experiences

Offering unprecedented experiences for 360 degree views of the city and beyond, the crowning glory of The Tower will be The Pinnacle Room opening to grand views of the sky. The VIP Observation Garden Decks recreate the splendour of the ‘Hanging Gardens of Babylon,’ one of the Seven Wonders of the Ancient World. An engineering marvel awaits visitors, the piece-de-resistance being the fully glazed rotating balconies that extend outward, rotating outside the skin of the tower. The tower will also have a world-class boutique hotel for visitors.

Precision Engineering

The design will be finalised following elaborate wind tunnel testing and all mandatory seismic testing. Every aspect of The Tower is designed and being developed to the highest international standards of safety – from the choice of materials to the technology being used. All local government codes and regulations will be adhered to with close co-ordination and guidance from the concerned authorities.

A Visual Spectacle

Celebrating the iconic status of The Tower, the lighting will emphasise the ‘flower bud’ design as a floating element at the top of the structure, serving as a beacon of light at night. The structural core and tension cables will be gently and dynamically illuminated. Movement Lighting will be used to enhance not only the visitor journey but also the view from outside.

Green Features

The Tower takes into consideration environmental and sustainability features that will serve as industry benchmarks. It starts with the thoughtful design with an environment-friendly tram service to be integrated for effortless access. On-foot visitors have a multitude of access points on to the plaza. A number of green corridors are envisaged for pedestrian access and effortless connectivity with Dubai Creek Harbour.

Emaar has unveiled high-end residences in Dubai Creek Harbour including Dubai Creek Residences, Creekside 18, and most recently, Harbour Views homes in The Island District, a vibrant lifestyle hub. All homes open to premium views of the Dubai Creek, a stylish marina with a yacht club, the adjacent Ras Al Khor natural bird sanctuary and the impressive skyline of Downtown Dubai. The residences also open to the spectacular views of The Tower.

A bustling 4.5km Creek Boardwalk envelopes the Island District, assuring residents unbeatable lifestyle choices. Among the nearby amenities are event spaces, galleries, fascinating water features and a trendy Vida hotel that all add to the quality of life.

The inaugural Dubai Collections, held at The Annex, Burj Khalifa, once again defined the status of Dubai as a definitive fashion destination and trend-setter.

Hundreds of visitors attended the fashion event that showcased collections from some of the region’s most talented young designers.

Six runway shows, two fashion presentations and six innovative pop-up boutiques were held as part of Dubai Collections. Visitors also had the opportunity to gain insights on how best to raise the profile of the regional designers in the global fashion arena through two lively talks by industry experts.

The Dubai Collections ‘Fashion Gallery’, which charted the designers’ fashion journeys and provided a greater depth of understanding of the story and history behind each brand, was another highlight of the event.

The first day of Dubai Collections saw runway shows by Endemage, Arwa Al Banawi and House of Nomad and a fashion presentation by Mochi, all showcasing their Autumn/Winter 16 collections.

Omani designers Endemage turned to their roots for inspiration for their collection, picking up references from their hometown’s mountains and natural springs by incorporating stronger colours and more intricate embroidery into their now-iconic, flowing silhouettes.

Arwa Al Banawi’s collection, entitled ‘Al Bidaya’ (the beginning) saw the designer reflecting on her heritage, channelling Saudi Arabia’s rich culture and great achievements with a modern take on a traditional ‘bisht’ (cloak) in golden brown, richly embroidered blazers and scarves adorned with Arabic calligraphy, as well as more contemporary pieces.

The House of Nomad design duo looked further afield, taking inspiration for their AW16 designs from last season’s trip to Paris. Parisians and their way of life – always so chic, effortless and enigmatic – are reflected in the label’s pared down, more minimalist silhouettes and autumnal palette of the new collection.

Mochi turned to Africa for inspiration, a part of the world with special significance for the designer as it was location of her wedding. Her AW16 ready-to-wear collection is the perfect representation of day-to-night style, featuring African glass beadwork embroidery – an intriguing and important symbol of tradition in African culture – modernised by placing meaningful symbols on an array of hand printed cotton fabrics.

Friday saw runway shows by Taller Marmo, Dima Ayad and Madiyah Al Sharqi and a fashion presentation from Bouguessa. All four designers were also presenting their AW16 collections.

Taller Marmo’s muse is the Egyptian Queen Cleopatra. The designs mix the mundane with the extraordinary, being both fierce and fabulous. The AW16 collection’s silhouettes are mainly loose tunics, kaftans and ponchos, in dark hues, mixed with metallic threads, fringes and tufts giving the clothes a three-dimensional quality.

Dima Ayad’s AW16 collection is a continued evolution of her love for shapes, structures and unexpected cutaways. Form-fitting dresses made of French lace, and carefully placed sequins, combine to form designs that accentuate the female form in vivacious colours.

For her AW16 collection Madiyah Al Sharqi focuses on her appreciation for beautiful fabrics, sophisticated needlework, and a delicate design aesthetic. This is juxtaposed with hints of a military influence, achieved by the use of shearling, leather and lambskin in contemporary cuts and silhouettes.

For the fashion presentation, Bouguessa sought inspiration from the Dubai skyline, and the mystical hues and lights of its skyscrapers. She introduced a deeper, more intense colour palette and experimented with textures to create designs that are both classic and modern.

In a first for the region, the designers showcased were specially invited to take part by a special committee of fashion industry professionals and leading influencers. The event was also endorsed by Dubai Design & Fashion Council, supporting its mission to nurture the next generation of talent in the region.

To access imagery of designs presented at Dubai Collections please go to:

www.image.net/dubaicollections2016

Emaar Properties honoured the winners of the eighth Emirates Classic Car Festival for an exceptional showcase of classic vehicles, which were evaluated for various parameters including upkeep, value, originality, uniqueness, finishes, and visual aesthetics.

Representatives from Emaar and the Automobile & Touring Club of United Arab Emirates (ATCUAE) were present at the award ceremony, which was held on Saturday, March 26 at Emaar Pavilion, in the presence of Patrick Rollet, president of the Fédération Internationale des Véhicules Anciens (FIVA). Rollet’s attendance of this year’s edition highlights FIVA’s recognition and support of the Emirates Classic Car Festival as the Middle East’s premier showcase of classic cars.

Ahmad Al Matrooshi, Emaar Properties Managing Director, and Mohammed Ben Sulayem, President of ATCUAE, presented the awards to the owners of the winning cars that were driven down the red carpet during the award ceremony.

The winners in the various categories are: The Best in Show Award (1950 Mercedes Benz 170 – Received by Select Nano), The UAE Award (Mohammad Al Tahery for his Mercedes Benz 450 SL), The Dubai Award (Balint Szeoke for his Skoda Felicia), The Emaar Award (Tomini Classics for the Ferrari Dino), European Car Award (Gargash Family for the Mercedes Benz 220S), American Car Award (Khalil Gerges for his Chevrolet Corvette Stingray 1963), British Car Award (General Tariq Al Qimzi for his Ford Consul), Best Open Top Award (Tarek Hasbini for his Mercedes Benz Pagoda), Pre-World War II Award (Sharjah Old Car Museum for the Rolls-Royce), Heritage Car Award (Abdullah Khalid for his Mercedes 300), Best Recreation Award (Porsche Zagato 1958 – Received by Select Nano), Club Merit Award (The UAE Classic Mini Cooper Club), Best Microcar Award (Majid Saleh Al Nimr for his Mini Cooper Rover), Modern Classic Award (Wayne Stewart for his Cadillac Fleetwood Talisman), Classic Truck Award (Tariq Javiad for his late 1960’s Pinzgauer), Custom 4×4 Award (Nostalgia for the Land Rover Minerva), First Public Choice Award (Mr. Hasnain for his Bentley S1 1957), 2nd Public Choice Award (Nostalgia for the Citroen Traction Avant), 3rd Public Choice Award (Mohammed Yusuf for his Mercedes Benz 280SE), Custom Motorcycle Award (Marco Moto for the Street Tracker Royal Enfield 500cc), Classic Motorcycle Award (Tomini Classics for the 1972 Harley Davidson XR750 TT) and Original Motorcycle Award (Hayder Al Ani for his 1952 MV Augusta 125cc TEL).

Winners of the three new categories for the 2016 edition include: Concours Legendary Award (Adel Rajab for his Mercedes Benz 1955 300 SEL Gullwing), Concours D’Elegance Award (TT Custom for the 1957 Desoto Sportsman) and Concours Best Design Award (Tomini Classics for the 1976 Lancia Stratos HF).

Thousands of spectators visited the 4-day spectacular event held at Mohammed Bin Rashid Boulevard, the bustling lifestyle destination in Downtown Dubai. Organised by Emaar, in association with ATCUAE and the UAE Ministry of Culture, Youth & Community Development, the festival was one the largest to date with over 350 classic cars, trucks and motorbikes on view, some over 100 years old.

An outstanding breadth of classic European and American vehicles, dating back from 1916 to 1986, by world-renowned manufacturers including Mercedes, Bentley, Rolls-Royce, Aston Martin, Harley Davidson and Chevrolet, were on display at the festival.

One of the most-awaited events in Dubai’s calendar, the expanded festival also included this year an exclusive photography exhibition titled “ECCF Through the Lens of Dave Saunders” and movie screenings on classic cars at Emaar Pavilion, as well as live restorations of a 1926 Ford Model T Coupe and 1974 Honda CB 550.

Emaar Properties will mark the grand inauguration of its iconic ‘Dubai Opera’ in Downtown Dubai with a spectacular line-up of world-class performances later this year.

The city’s first purpose-built multi-format performing arts theatre, Dubai Opera overlooks the majestic Burj Khalifa and spell-binding Dubai Fountain. It offers the ultimate flexibility of a proscenium arch theatre, an acoustic concert hall and a 2,000 sq m flat floor event space.

A never-before destination in the city, it will welcome a varied programme of cultural and lifestyle events including operas, ballet, classical performances, musicals, Arab and World Music, comedy, film, family entertainment, as well as rock, pop and jazz concerts.

To seat up to 2,000 for a theatrical production and up to 1,000 for a gala dinner, Dubai Opera pays glorious tribute to the rich cultural heritage of Dubai taking design inspiration from the vintage dhows, which were integral to Dubai’s ancestors who took to the seas as part of their livelihood.

A platform for performing arts, an entertainment destination and a stimulus for creativity, Dubai Opera serves as a constant reminder of Dubai’s history as a trading, fishing and pearl ping community, celebrating the unbreakable link to the sea, and its cultural richness defined by Nabati poetry, story-telling, plays, literature and folk dances.

Mohamed Alabbar, Chairman of Emaar Properties, said: “Dubai Opera is our tribute to our city and the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to establish Dubai as a seat of arts, culture, performing arts and world-class events. An architectural masterpiece, it draws design inspiration from our own heritage, while the focus on bringing exclusive and accomplished performing arts places it on the league of the world’s finest theatres.”

He added: “Dubai Opera adds a new dimension to cultural entertainment in the city, while adding value to the surrounding hospitality, retail, touristic and residential developments. With this sterling addition to the city, we are supporting our leadership’s focus on establishing Dubai as a ‘City of Happy, Creative and Empowered People.’”

Celebrating the finest of the world’s performing arts, Dubai Opera is led by a vision to entertain and enrich Dubai’s residents and visitors, and be the definitive destination for quality entertainment productions and performances.

Dubai Opera’s stage will host an incredible array of world-class talent and the 2016 Season Programme is set to appeal to the incredibly cosmopolitan population who live, work in and visit Dubai.

Jasper Hope, Chief Executive of Dubai Opera, said: “The Emiratis used to sing, as pers searched for pearls, and in 2016 visitors to Dubai will be able to seek out new cultural gems in a sensational home for the arts in the heart of Downtown Dubai. Dubai Opera will unquestionably help the city broaden its global appeal as a hub for culture and the arts, and when the curtain rises will help entice artists and audiences from across the world.”

The Dubai Opera’s transparent all-glass foyer opens to the waterfront of Burj Lake, and serves as a transition between a plaza and theatre. Architecture-wise this presents the identity of Dubai Opera serving as a ‘box-within-a-box’ with the theatre enveloped by a translucent foyer.

Access to the venue will be effortless through the Mohammed bin Rashid Boulevard. Dedicated parking spaces will add to the convenience of visitors.

With the two main components – the theatre & support facilities and a foyer and public spaces – Dubai Opera welcomes people to unwind and take in some of the most compelling performing arts events in the city in a world-class environment.

With a built-up area of over 35,500 sq m, Dubai Opera is an integral part of The Opera District, a dedicated cultural and lifestyle hub launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.

iGENIE keeps visitors connected at all times through its fully automated features when staying at any of The Address Hotels + Resorts propertiesExclusive bookings to Dubai’s most popular attractions can be made through the new cutting-edge serviceiGENIE draws on guest-centric technology to provide effortless service including room service, housekeeping, and concierge services, among others
The Address Hotels + Resorts, the five star premium hotel brand of Emaar Hospitality Group, is redefining industry standards in assuring superior guest service by drawing on the power of advanced in-room automation services with the launch of iGENIE, available across all its properties.

Assuring the full breadth of guest services at the tap of a finger, the new automated service will significantly enhance the guest experience providing them unbeatable convenience and value. From booking leisure and recreation appointments from the comfort of their rooms to ordering for any of the hotel services across concierge, housekeeping, engineering, to name a few, as well as exploring the internet for infotainment and entertainment, iGENIE is truly path-breaking for the region’s hospitality sector facilitated through in-room iPads provided to the guests.

Assuring complete in-room control, the innovative iGENIE platform enables guests and residents of all hotels and serviced residences under The Address Hotels + Resorts to access services such as navigating the entire network of The Address Hotels + Resorts to make informed decisions about restaurants, spas, business centres and other amenities.

Guests can learn all about the various aspects of Emaar’s leisure attractions in Dubai and make reservations conveniently. For example, they can make bookings at any of the spas within The Address Hotels + Resorts; sign up for golf lessons and tee time at The Address Montgomerie Dubai; or purchase movie tickets from Reel Cinemas.

They will also be able to experience Dubai’s most admired attractions including KidZania®, Dubai Ice Rink, Dubai Aquarium & Underwater Zoo and At the Top, Burj Khalifa, allowing them to take advantage of all that is being offered, through a simple touch or swipe of the screen.

With iGENIE, guests can avail of an array of complimentary entertainment options, whether it be movie, music, radio or even YouTube channels. They can also enjoy their own media using Bluetooth connection and stream their own content to the in-room entertainment system. Guests will also have a dedicated in-room mailbox for communicating with the hotel management via iGENIE.

iGENIE also aids in placing orders from restaurants. Furthermore, it offers internet browsing as well as serves as a newspaper reader. An interactive video wall is also a part of iGENIE that fosters stronger customer engagement.

With iGENIE, guests will also receive real-time updates on the promotions that are available at all of The Address Hotels + Resorts, allowing them to make reservations at restaurants and lounges, from their own room. Each in-room iPad is registered to an individual room, allowing the operations teams to decipher which room and guest the automated request has come from.

Apart from effortlessly ordering room service, other in-room systems that can be accessed through iGENIE at the tap of a finger also include temperature, lighting and television control. The total room automation services such as temperature, lighting and TV management are currently available at The Address Dubai Mall and The Address Dubai Marina, and are being readied for roll-out across other hotels.

Complementing the ‘Smart Dubai’ initiative announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, it also serves as a one-stop service for a range of e-Services that will add value and enhance the convenience of guests.

Chris Newman, Corporate Director of Operations, Emaar Hospitality Group, said: “We are committed to providing exceptional experiences to our guests, who today are more connected than ever before and use technological advances to add to their convenience. With the addition of this new innovation, we are highlighting our commitment to enhancing guest experience and satisfaction.”

“iGENIE sets a new standard in the hospitality industry by pushing the frontiers of how advanced information technology solutions are leveraged to benefit guests. We aspire to provide them with first-class service standards that ensure a comfortable and seamless stay. The launch of iGENIE is a testament to our efforts to remain at the forefront of the industry by leveraging the latest technologies that appeal to our guests.”

Other utilities provided by iGENIE include real-time room folio information, international time display, alarm clock, weather details, location map, flight tracking, foreign exchange information and direction for prayer.

The Address Hotels + Resorts caters to all travellers, whether for business, leisure or entertainment and now with the addition of iGENIE visitors can experience several many possibilities that enhance their lifestyle experience.