Category: Business Segments

  • Emaar Hospitality Group officially launches its 8th Address Hotel
  • Launch signifies the 19th hotel opening within the Emaar Hospitality Group Portfolio
  • Evolution of Emaar Hospitality Group’s new strategy encapsulates; asset light, international expansion and announcement of beach resorts

 

Dubai, United Arab Emirates, January 23rd 2020 – Emaar Hospitality Group celebrated the official opening of its latest project, Address Sky View, in Downtown Dubai.

Held at the hotel’s much anticipated rooftop restaurant, Ce La Vi, Emaar’s Chairman, Mr. Mohamed Alabbar, and Emaar Hospitality Group’s Chief Operating Officer, Chris Newman attended the ceremony and spoke to the company’s past accomplishments and future endeavors.

The Address Sky View opening showcased its importance with the appearance of Mr. Alabbar inaugurating the hotel. The Chairman of Emaar celebrated the four openings across Emaar Hospitality Group in 2019 [VIDA Emirates Hills; June 2019, VIDA Creek Harbour; September 2019, Address Fountain Views; October 2019 and Address Sky View; December 2019] before eluding to the vision for the group in the coming years touching on the new strategic positioning within the hospitality industry; as a hospitality provider, international expansion into Turkey, Saudi Arabia, Bahrain and further into Egypt, becoming asset light and finally the exciting news of their first beach resort openings.

The much anticipated announcement of upcoming projects that will expand Emaar Hospitality Group’s portfolio was also shared. Openings to expect in 2020 include;  the exciting new Address Beach Resorts in Dubai’s Jumeirah Beach, Fujairah, Bahrain and Egypt, Palace Beach Resorts in Sharjah and Fujairah and a VIDA Beach Resort in Umm Al Quwain.

“The opening of Address Sky View marks our 19th hotel in the UAE and is testament to our undoubted commitment to continuously placing Dubai in the frontline of innovative and luxurious destinations for visitors from around the world. Emaar Hospitality Group’s new strategy will only help evolve and introduce the brand to a global audience in other territories” commented Mr. Alabbar.

Featuring majestic views of Burj Khalifa and Downtown Dubai’s unique skyline, Address Sky View is made up of two towers, connected by a floating Sky Bridge in the heart of Downtown Dubai.

The hotel boasts 169 rooms and 551 apartments and a 70-metre long infinity pool. Complete with a range of culinary concepts and eateries, as well as a spa and fitness centers, guests can enjoy the minimalistic yet refined interiors of the hotel.

About Emaar Hospitality Group:
Emaar Hospitality Group LLC is a wholly owned subsidiary of Emaar Properties PJSC, the Dubai-based global property developer, and manages Emaar’s hospitality and leisure projects globally.

Defining its competency in operating mixed-use property developments, Emaar Hospitality Group manages a diversified portfolio of assets including hotels, serviced residences, golf clubs, a polo club, yacht club and lifestyle dining restaurants.

Emaar Hospitality Group has defined its credentials in the hotel industry with the launch of world-class brands, each with a distinct niche – Address Hotels + Resorts and Vida Hotels and Resorts, which are owned by Emaar Hospitality Group and Abu Dhabi National Hotels.

Address Hotels + Resorts has brought a fresh identity to the global hospitality and service sector by setting new benchmarks with its gracious hospitality and exceptional service standards. Address offers a more personal and engaging experience to guests in a premium lifestyle environment, enriching the lives of its guests with luxury, style and elegance. Address Hotels + Resorts is set to operate hotels and serviced residences in Saudi Arabia, Egypt, Turkey, Bahrain, Maldives and other key markets in the region as well as in Dubai.

An upscale lifestyle hotel and residences brand, Vida Hotels and Resorts appeals to the next generation of business executives, entrepreneurs and leisure travellers. Positioned as a lively and vibrant hub where inspiring minds can create, connect and come alive, Vida hotels are a stimulating environment where style meets convenience and interactivity. Vida Hotels and Resorts has two properties in Dubai and is set to operate hotels and serviced residences in Abu Dhabi, Bahrain, Saudi Arabia and Egypt, and other key markets in the region as well as in Dubai.

The leisure assets of Emaar Hospitality Group include Arabian Ranches Golf Club, Dubai Polo & Equestrian Club and Dubai Marina Yacht Club.

About Emaar Properties PJSC:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square metres of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Today, 46 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

Noon.com was among the brands that improved the most year-on-year

Dubai, United Arab Emirates – 23, January 2020: Emirates Airlines and Emaar topped the YouGov Brand Index ranking the best and most reliable brands in the UAE during 2019. The two brands scored 84.5and 80.5 points respectively in the overall ranking with Emaar growing 0.9 per cent year-on-year.

Almarai came in third place with 77.5 points overall, followed by Apple’s iPhone brand which ranked fourth with 76.1 points. A new entrant to the top five rankings was Emirates NBD which scored 74 points.

The Middle East e-commerce giant noon.com witnessed a remarkable improvement in the strength of its brand and loyalty of its customers. noon.com secured the tenth spot on a second YouGov list, which ranks the brands that achieved the steepest increase year-on-year. This list was topped by Pakistan International Airlines which grew by 18.1 points.

YouGov tracks brand advocacy ratings by measuring whether customers of the brands would recommend the brand to friends or colleagues, or whether they encourage others to ‘avoid’ the brand.

Set to initially launch in the UAE in 2020, Emaar Smart Home is a new, digitally connected home featuring the latest AI-powered smart home products from Xiaomi 

Dubai, UAE; January 21 2020: Emaar Properties PJSC signed a Memorandum of Understanding (MoU) with Xiaomi, a global technology leader with the world’s largest Internet of Things (IoT) consumer platform, to launch ‘Emaar Smart Home’ – a new, next-generation product for customers to experience the latest smart home technology powered by Artificial Intelligence (AI).

Emaar’s new product will launch in 2020 as an exclusive set of digitally-enabled residential developments, powered by Xiaomi and featuring a one-of-a-kind smart home experience with a comprehensive set of pre-installed smart home and IoT products. The MoU positions Emaar as the first developer outside of China to enter into a strategic partnership with Xiaomi for a smart home experience.

The new agreement is aligned with Emaar’s commitment to create communities that meet the demands of tomorrow’s customers. Emaar selected Xiaomi as its strategic partner for its global leadership within the smart home technology sector. With over 213 million connected smart devices, Xiaomi has an award-winning, extensive range of smart home technologies across entertainment, utilities, energy savings, security and wellness. This partnership adds a new dimension to Emaar’s diverse portfolio of products offering customers greater convenience and next generation living.

‘Emaar Smart Home’ will provide customers with connected smart home experiences that are controlled and monitored through Xiaomi’s Mi Home app. The app, along with products that support smart voice assistant controls, allows users to instantly and seamlessly manage their personal smart home ecosystem. For example, Xiaomi’s Mi Smart Door Lock provides security and convenience through keyless entry into the home using smartphones, wearables, and passcodes. Within the home, the Xiaomi Robot Vacuum can be scheduled to provide daily handsfree cleaning. Xiaomi’s smart home solutions are designed for maximum convenience and energy efficiency, making it possible for every corner of the house to be powered by smart devices.

Commenting on the product launch, Chairman of Emaar, Mohamed Alabbar said: “‘Emaar Smart Home’, is a testament to the commitment Emaar and Xiaomi share for creating advanced living experiences. Together, our partnership delivers a novel product never-before-seen in the region, offering connectivity, comfort and convenience for the customers of tomorrow, today. This is based on our collective understanding and insight into what customers will demand from us in the future.”

“One of Xiaomi’s core strategies focuses on Artificial Intelligence (AI) and the Internet of Things (IoT),” said Chew Shou Zi, Senior Vice President, President of International at Xiaomi. “With Emaar as our partner, we are confident that we will showcase just how advanced the latest Xiaomi smart home products are. We believe this partnership brings together two of the world’s foremost industry leaders with shared digital ambition, customer-centricity, and focus on high product quality. We are excited to be launching our range of smart home products in the region with Emaar.”

Beginning with the UAE, ‘Emaar Smart Home’ will be made available across the Middle East and North Africa as part of an upcoming rollout plan. Further details about ‘Emaar Smart Home’ and launch plans will be available in due course.

 

About Emaar Properties PJSC

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyle.s, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. As the second largest developer outside of China, Emaar has strong recurring revenue generating assets with over 880,000 square meters of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Emaar’s current pipeline of developments includes cutting-edge residential and mixed-use projects such as Dubai Hills Estate, Dubai Creek Harbour, Mina Rashid and Emaar South.

Today, 46 per cent of Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries. Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centerpiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

 

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is an internet company with smartphones and smart hardware connected by an IoT platform at its core.

With the vision of being friends with its users and being the “coolest company” in the hearts of its users, Xiaomi is committed to continuous innovation, with an unwavering focus on quality and efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

Xiaomi is currently the world’s fourth-largest smartphone brand, and has established the world’s leading consumer IoT platform, with more than 213 million smart devices (excluding smartphones and laptops) connected to its platform. Currently, Xiaomi products are present in more than 90 countries and regions around the world and have a leading foothold in many of them.

In July 2019, the company made the Fortune Global 500 list for the first time, ranking 468th among all, and 7th among internet companies. Xiaomi is the youngest company on the 2019 Fortune Global 500 list.

  • Located on Sheikh Mohammed bin Rashid Boulevard with spectacular views of Dubai Opera and Downtown Dubai
  • 44-storey tower offers over 400 units ranging from one- to three-bedroom apartments
  • Burj Crown was designed by Hong-Kong based architecture firm LWK Partners

Dubai, UAE – January 9, 2020: Today, Emaar Properties launched Burj Crown, a new, 44-storey luxury residential tower located on the vibrant Sheikh Mohammed bin Rashid Boulevard with direct views of Dubai Opera and Burj Khalifa. Designed by leading Hong-Kong based architecture firm LWK Partners, the 440-unit tower offers one, two and three-bedroom apartments, all with priceless views of Dubai’s most famous landmarks.

“Burj Crown will undoubtedly become one of the most desirable addresses in Dubai,” said Mohamed Alabbar, Chairman of Emaar. “We are delighted with the contribution of LWK Partners, who have designed an exceptional addition to the ever-evolving skyline in the heart of Downtown Dubai. With exceptional amenities and direct views to Dubai Opera district, Burj Crown presents an unmissable investment opportunity,” he continued.

In designing the concept for Burj Crown, Emaar considered all aspect of residents’ experience. The new tower is within walking distance of attractions including Burj Khalifa, The Dubai Mall, The Dubai Fountains, Burj Park and Dubai Opera; with Dubai International Airport just a 10 minutes’ drive away.  The tower also offers direct access from Sheikh Mohammed bin Rashid Boulevard with a dedicated drop-off area for residents and taxis.

Residents entering Burj Crown, will enjoy a contemporarily designed reception and lounge area that acts as a refined meeting place. Moreover, Burj Crown boasts a wide range of amenities gathered at the Leisure Deck – a large outdoor area with green spaces to relax and unwind. Additional features also include an outdoor children’s playground, a dedicated barbecue area, and a swimming pool for children and adults.

Meanwhile, the ‘Active Roof’ rooftop area offers an opportunity for residents to enjoy a community outdoor space providing incredible views of Burj Khalifa. Other innovations including a footbridge linking the podium to the adjacent tower, which is clad in a material that appears reflective during the day and transparent at night.

To learn more about Burj Crown, please visit www.emaar.com

 

About Emaar Properties PJSC:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square metres of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Today, 46 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

Dubai, United Arab Emirates – January 1st 2020: Emaar, the master developer of the Burj Khalifa, wowed over 2 billion people across the globe with a breathtaking pyrotechnic show on the world’s tallest building to ring in 2020. In a mesmerising story, the Burj Khalifa transformed through animation, light, sounds and a synchronized fountain show taking viewers on a journey at the onset of a new decade.

Following the traditional 10 second digital countdown on the lit façade of Burj Khalifa, the clock struck midnight, signilling the Downtown Dubai skyline to be filled with a flurry of fireworks and colour for a record-breaking eight-minute and fourty three second-long show. Those lucky enough to view the show, were treated to the longest set of consecutive fireworks in the history of the Burj Khalifa NYE shows, timed at over five minutes. The show featured a total of 1,371 kg of fireworks, which were placed across a colossal 207 firing locations.

To mark the dawn of a new decade the show on Burj Khalifa was conceptualized by Emaar. Every second of the show was as enchanting as previously billed and incorporated fireworks, animations on the Burj Khalifa LED façade, music compoisitions and a beautiful fountain show.

The highly anticipated event welcomed over one million onlookers in Downtown Dubai, Emaar’s flagship mega-development, to witness 15,000 perfectly choregraphed fireworks showcasing 48 pyrotechnic patterns, signalling the start of a new decade. All pyrotechnic effects were specially selected and manufactured for the show, ensuring the unique fireworks designs and effects were truly one-of-a-kind.

Celebrations also included the longest ever The Dubai Fountain Show since the fountains launched in 2009, adding yet another prestigious milestone of the water-music spectacle. The world-famous show took 160 hours across four weeks to choreograph and featured 113.5 kilolitres of water in the air at one time, released from an astounding 1,137 water shooters, and 6,612 lights.

Select aspects of the show referenced regional culture, art and music. Before the clock struck twelve, animations on the Burj Khalifa transformed the tower into the traditional Oud instrument and strummed to the beat of an arabesque melody, thereafter was a beautiful ensemble of blossoming flowers, add further finesse and beauty to the show. Complimentary to this and highlighting the synergy between partners, flags from GCC countries were shown on the façade of the iconic monument to celebrate the strong bond between these nations.

Following unprecedented demand, Emaar, granted people from all over the world, the once-in-a-lifetime opportunity to have their New Year wish displayed on the LED façade of Burj Khalifa during the Emaar NYE 2020 celebration. The show’s ‘Burj Wishes’ social media campaigns reached tens of thousands of users, with those participating, posting their wish to the world on Emaar’s Twitter, Facebook or Instagram accounts @EmaarDubai using the hashtag #EmaarNYE2020.

Emaar’s NYE 2020 social media campaign, in partnership with TikTok, continued the close relationship between the brands, with Emaar’s 2020makeawish TikTok challenge, engaging with over an astounding 30 million users in the lead up to the New Year celebrations.

Mr. Ahmad Matrooshi, Managing Director, Emaar Properties, said “We at Emaar are extremely proud to host and produce this event for the world to enjoy. As we enter a new decade, our vision is to continue driving innovation, progression and a prosperous future, here in Dubai, the UAE – and the world”

Emaar NYE 2020 was one of the world’s most-watched New Year’s Eve celebrations telecast live globally and live-streamed on mydubainewyear.com and EmaarDubai YouTube channel. The experience can be re-watched online at mydubainewyear.com

Dubai, UAE, 24 December 2019: Emaar, the master developer of Burj Khalifa, will once again showcase the Emirate of Dubai and Downtown Dubai as a global hub.

Following the continued demand for the acclaimed show, Emaar has confirmed plans to once again host the world-renowned New Year’s Eve show with a firework display on the world’s tallest building.

As the clock strikes midnight ushering in a new decade. Emaar will continue its tradition of putting on a captivating choreographed show, incorporating fireworks, animation on Burj Khalifa LED Facade, music composition and a fountain show.

The Dubai Fountains at the foot of Burj Khalifa, will be showcasing the world’s longest choreographed fountain show ever. Making the surrounding areas of the Burj Khalifa and Downtown Dubai the place to be on the evening of the 31st December.

People across the city can head to either of the family viewing areas in Downtown Dubai to witness the iconic show, which is expected to attract hundreds of thousands of people and is viewed live by millions on television and online across the globe. Dozens of pop-up food and beverage stalls will be available for visitors to enjoy during their time counting down to NYE20.

Burj Khalifa will join a host of global landmarks in decorating the sky with colour to mark the dawn of a new decade. mydubainewyear.com.

mydubainewyear.com

Dubai, 5th November 2019 – Emaar, is pleased to announce the results of The Landmark Design Competition launched in May 2019.

The brief was to encourage architects to challenge their imagination process and come up with innovative and unique concepts to develop another iconic piece of architecture at the new world-class waterfront development in Dubai Creek Harbour.

Known for its incredible architectural feats, Emaar’s vision for Dubai Creek Harbour is to design an urban city that respects the culture and climate of Dubai, but also exposes children and families to new worldviews with various recreational activities creating a community feeling.

With more than 100 proposals received, Emaar has announced Of. Studio, a UK based architectural firm as the winner of the competition. Their theme, “garden in the coast” presented real architectural solutions, that enhances the experience of city life for people – to live, work and interact capitalizing on latest technologies; while also keeping in mind the culture and local values of the UAE.

With this competition, Emaar’s goal was to inspire the new generation to shape their imagination into a vision that provides new worldviews. The judging panel were impressed by entries proposing creative, innovative and iconic solutions respecting the urban context and further enhancing Dubai’s profile as a city with amazing building and structures.

The concept design submitted by Fabrica Architects won the second runner-up which will be developed by Emaar in Egypt, and the design submitted by the third runner-up, Ragaie Architects will be built in Mina Rashid.

The other shortlisted designs by various architects include Nurhayat Öz, Adnan Ihsan, TO Design, Tekuma Frenchman, A.Nouraldeen & L. Fraccalvieri, Melike Altinisik Architects and R. Sudheer & Ravichandar.

About Emaar Properties PJSC:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square metres of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Today, 46 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centrepiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

  • Spectacularly located on the Creek Beach with direct access to the beach, Vida Residences Creek Beach is adjacent to the Vida Creek Beach Hotel
  • The first high-rise building in Creek Beach District, the 33-storey tower offers elegantly designed beachside residences and a limited collection of 1, 2 and 3-bedroom apartments with breathtaking views of Burj Khalifa, Ras Al Khor Wildlife Sanctuary, and Creek Island
  • Sales of Vida Residences Creek Beach launched on December 5, 2019

 

Dubai, UAE – December 11 2019: The ultimate waterfront lifestyle awaits at Vida Residences Creek Beach with new residential apartments offering breathtaking views of the city now available for purchase.  Announced as the last property launch in the community, the new residential apartments are located on Creek Beach and within the Dubai Creek Harbour. The award-winning 33-storey tower brings a new dimension to city-living, seamlessly blending the best waterfront experience with mainland convenience.

Bright and sophisticated, Vida Residences Creek Beach has a luxurious collection of 1, 2 and 3-bedroom apartments offering spectacular views of the Dubai Creek Harbour Observation Tower, Burj Khalifa, Creek Island and canal as well as the Ras Al Khor Wildlife Sanctuary. The developer is offering investors the freedom to choose the perfect scenic view for them.

Vida Residences Creek Beach apartments are elegantly designed with architecture inspired by the Moorish style of Alhambra, Seville and Cordoba, with light, air and water undertones culminating in the residence’s picturesque identity. The understated luxury of the interiors serves as a tribute to the beauty of its waterfront setting.

The apartments also make for the perfect vacation residence, providing direct access to dining experiences, shopping outlets, and a luxury spa at the adjacent Vida Creek Beach Hotel. Residents can also enjoy a plethora of amenities such as 24×7 concierge service, a fully equipped gym, private courtyards and barbecue areas, whilst benefitting from exclusive hotel rates. Residents also have exclusive access to a 300-metre private beach as well as the Creek Marina, a city-harbour getaway with a world-class yacht club and other amenities, offering residents both urban and beach experiences.

To purchase your dream home, visit Dubai Creek Harbour Sales Centre in Ras Al Khor; Emaar Sales Centre in Downtown Dubai; Dubai Hills Estate Sales Pavilion located on Umm Suqeim Road; Emaar South Sales Centre on the DWC Peripheral Road in Dubai South; and the Abu Dhabi Sales Centre on the ground floor of Al Nahda Tower on 4th Street, Al Muroor Road. The sales centres are open from Sat. to Thurs., 9.30am to 7pm, and on Fri. from 2pm to 7pm in all locations except the Abu Dhabi Sales Centre. Alternatively, call 800 36227 (UAE) or +9714 3661688 (International); or email: sales_enquiry@emaar.ae.

 

About Emaar Properties PJSC:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square meters of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Today, 46 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centerpiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

 

About Dubai Holding:

Dubai Holding is an investment conglomerate with operations in 24 countries employing over 22,000 people. Established in 2004, Dubai Holding today manages an AED 130 billion portfolio of assets, which supports the strong development of Dubai’s non-oil economy across sectors including; tourism, hospitality, real estate, media, ICT, education, design and trade. Its portfolio includes TECOM Group, which manages 11 of Dubai’s most successful business communities; Jumeirah Group, the hospitality arm which owns and operates 22 hotel developments in 11 destinations in 9 countries; Dubai Properties Group, one of the largest fully integrated and community development business in Dubai; Family Entertainment and New Media, which implements a strategic plan to develop new family destinations and further grow digital media business lines.

Dubai Holding’s current project pipeline will add significantly to the Emirate’s portfolio of landmarks. This includes Mall of the World, all-season city district comprising the world’s largest retail network; and Dubai Creek Harbour, a joint venture with Emaar Properties to build a futuristic waterfront city at The Lagoons. Dubai Holding plays an influential role in delivering on Dubai’s economic diversification strategy and initiatives such as Tourism Vision 2020, Dubai Smart City, UAE National Innovation Strategy, Dubai Industrial Strategy and Capital of Islamic Economy.

Dubai, UAE, 18 November 2019: Emaar Properties has announced the launch of The Valley, a new master development on Dubai-Al Ain Road. Running through the heart of this groundbreaking masterplan is a lush green ribbon of breathtaking landscape, connecting residents with never-before-seen vast open spaces and mega-amenities, inspiring the name; The Valley.

Designed for those who desire a balanced lifestyle, the various activity offerings inspire limitless exploration and boundless dreaming at the doorstep of its residents. The master development will feature expertly designed townhouses in addition to world-class amenities nurturing a strong sense of community and family-friendly living, with retail, entertainment, recreational, educational and health facilities.

The Valley offers a compelling investment opportunity for those within the mid-income residential market and will feature all the conveniences of the city allowing families and first-time buyers alike to own a piece of future living.

This development supports the growth of Dubai, extending the map to offer a sanctuary equipped with world class amenities, located just five minutes away from the Sevens Stadium, eight minutes’ drive from Dubai Outlet Mall, and 25 minutes’ drive from both Downtown Dubai and Dubai International Airport. The masterplan is further supported with improvements currently taking place on the Dubai-Al Ain Road, taking it from three to six lanes, as a part of the AED 2 billion upgrade announced in July of this year.

Commenting on the launch, Mohamad Alabbar, Chairman of Emaar said “Redefining the landscape of Dubai is at the core of Emaar’s story; and The Valley encapsulates this next chapter. We are attuned to the future trends of the property market and look forward to building the city’s first-ever self-contained town where the infrastructure fosters social cohesion and authentic interaction, two critical aspects of modern dwelling.”

The first cluster of townhouses at The Valley, named Eden, is due to be ready in Q4, 2022 and will offer 3- and 4-bedroom villas in three architectural styles: Spruce, May Bell and Iris. The property will boast easy access to a series of outdoor parks; with the Town Center, designed to be the weekend destination and central hub for residents with an array of indoor and outdoor retail and entertainment facilities on offer; an Urban Beach called Golden Beach; Kids’ Dale; a Sports Village; The Pavilion and various community facilities for all residents to enjoy and thrive, at the centre of the community.

Potential investors can visit the Emaar Sales Centre at Downtown Dubai, Dubai Creek Harbour Sales Pavilion in Ras Al Khor, and Dubai Hills Estate Sales Centre on Umm Suqeim Road for enquiries.

For more information, call 800 36227(UAE) or +9714 3661688 (International); or email: Sales_Enquiry@emaar.ae. Also, visit the online sales center at www.emaar.com

Emaar offers long-term investors and end-users the opportunity to register for the Emaar Preferred Access program, at www.emaar.com. More information on the project is also available through the ‘Online Sales Centre’ feature on Emaar’s e-Services App.

About Emaar Properties PJSC:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.6 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 56,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square meters of leasing revenue generating assets and 21 hotels and resorts with 4,679 rooms (includes owned as well as managed hotels). Today, 46 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centerpiece of the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

  • Recorded strong nine months sales of AED 12.624 billion (US$ 3.437 billion) in Dubai; 25 per cent higher than the first nine months of 2018 
  • The developer recorded net profit of AED 1.331 billion (US$ 362 million), an increase of 20 per cent in the third quarter of 2019 led by resilient performance of the property, malls and hospitality business
  • Emaar’s total sales backlog, including international operations, is AED 49.213 billion (US$ 13.399 billion), to be recognised in the coming three to four years 

 

Dubai, UAE; – November 10,2019: Emaar Properties PJSC (DFM: EMAAR), recorded robust increase in net profit by 20 per cent during the third quarter (July to September) of 2019 to AED 1.331 billion (US$ 362 million), compared to the net profit of AED 1.110 billion (US$ 302 million) during the same period in 2018. Revenue of Emaar also grew by 14 per cent to AED 6.075 billion (US$ 1.654 billion) during third quarter of 2019, compared to revenue of AED 5.348 billion (US$ 1.456 billion) during the same period last year.

Emaar recorded property sales of AED 12.624 billion (US$ 3.437 billion) in Dubai during the first nine months (January to September) of 2019, a growth of 25 per cent compared to same period in 2018.This is the result of Emaar’s continued focus on its customers and quality of construction, which makes us the first choice for investors. This is a testament of why Emaar is ranked as #1 among Real Estate Companies and #20 among all industries in the Forbes World’s best-regarded companies rankings.

The growth is attributed to the continuous interest from foreign investors in both residential and commercial developments as well as new, first-time home buyers entering the UAE property market.

Emaar recorded a revenue of AED 17.644 billion (US$ 4.804 billion) and net profit of AED 4.442 billion (US$ 1.209 billion) in the first nine months of 2019, led by resilient performance of the property, malls and hospitality business.  

Mohamed Alabbar, Chairman of Emaar Properties and Emaar Development, said: “Emaar’s results are driven by its key principles of having the best people working day and night to achieve utmost customer happiness through providing them superior product and services. Also, in these dynamic markets, maintaining superior performance is a key testimony of an excellent team and their continuous efforts to achieve efficiencies, superior product and financial results.”

Emaar Development

Emaar Development PJSC (DFM: EMAARDEV), recorded a net profit of AED 2.070 billion (US$ 564 million) and revenue of AED 9.625 billion (US$ 2.620 billion) for the first nine months of the year.

During the first nine months of 2019, Emaar Development launched 19 new projects across its mega developments in Dubai with a total project value of AED 10.127 billion (US$ 2.757 billion). Highlighting Emaar’s strong brand value, the company has sold over 70 per cent of its units launched in first nine month of 2019.

During 2019, Emaar launched properties in the newly launched master-planned community of Arabian Ranches III, Emaar Beachfront and Dubai Hills Estate, recording a sell-out response and also launched Ease by Emaar, a property management services, helping investors of South Beach at Emaar Beachfront capitalise on an emerging business model of short-term rentals and earn substantial returns.

Emaar Development has also entered into a new joint venture for master-planned development ‘The Valley’, an AED 25 billion (US$ 7 billion) project located on Dubai – Al Ain Road.

 

Emaar Malls and other businesses 

Emaar Malls (DFM: EMAARMALLS) recorded 6 per cent increase in revenue to AED 3.412 billion (US$ 929 million) during the first nine months (January to September) of 2019, compared to same period in 2018. Net profit has also increased by 6 per cent to AED 1.732 billion (US$ 472 million) compared to same period last year.

Emaar Malls assets – The Dubai Mall, Dubai Marina Mall, Gold & Diamond Park, Souq Al Bahar and the Community Retail Centres – maintained strong occupancy level at 92 per cent, and robust visitors arrival at 99 million during the first nine months of this year.

Emaar’s hospitality & leisure, entertainment and commercial leasing business along with Emaar Malls, posted a revenue of AED 5.259 billion (US$ 1.432 billion), representing 30 per cent of the total Group revenue. The hotels under Emaar Hospitality Group (including managed hotels) in Dubai reported an average occupancy of 78 per cent, higher than the industry average.

Emaar’s international property development operations recorded 22 percent increase in revenue to AED 2.673 billion (US$ 728 million) during first nine months of 2019, compared to revenue of AED 2.185 billion (US$ 595 million) during same period in 2018. This now represents 15 per cent to the total Group revenue.

Emaar has a landbank of over 1.7 billion square feet in key markets and is ranked 14th among the world’s strongest real estate companies in 2019, with an estimated brand value of US$ 2.7 billion.

Visit https://www.emaar.com/en/investor-relationsfor more information.

 

-ENDS-

Note to Editors

About Emaar Properties:

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.7 billion sq. ft in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered over 59,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 880,000 square metres of leasing revenue generating assets and 22 hotels and resorts with 4,965 rooms (includes owned as well as managed hotels). Today, 45 per cent of the Emaar’s revenue is from its shopping malls & retail, hospitality & leisure and international subsidiaries.

Burj Khalifa, a global icon, and The Dubai Mall, the world’s most visited retail and lifestyle destination, are among Emaar’s trophy developments. Emaar has now announced, Dubai Creek Tower, a magnificent icon that will serve as the centerpieceof the Dubai Creek Harbour development, as well as Dubai Square, the retail metropolis of the future. For more information, please visit our website www.emaar.com

Follow us: www.facebook.com/emaardubai; www.twitter.com/emaardubai; www.instagram.com/emaardubai

 

For more information:

Sharan Sunner

Seven Media

00971 (0)44 509 790

sharansunner@sevenmedia.ae