Category: Business Segments

      • Net profit for the third quarter of the year (July to September) 2019 is AED 602 million (US$ 164 million), an increase of 12% over the same period last year 
      • Revenue for Q3 2019 increased by 5% to AED 1.185 billion (US$ 323 million) compared to Q3 2018

 

Dubai, UAE; November 03, 2019:Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties (DFM: EMAAR), recorded an increase in revenue by 6 per cent during the first nine months (January to September) of 2019 to AED 3.412 billion (US$ 929 million), compared to the revenue of AED 3.232 billion (US$ 880 million) during the same period in 2018. Net profit for the period ending 30thSeptember 2019 is AED 1.732 billion (US$ 472 million), an increase of 6 per cent over the same period in 2018 with a revenue of AED 1.639 billion (US$ 446 million).

Revenue for Q3 2019 recorded an increase of 5 per cent to AED 1.185 billion (US$ 323 million), compared to the Q3 2018 revenue of AED 1.129 billion (US$ 307 million) and net profit for Q3 2019 is AED 602 million (US$ 164 million), a 12 per cent increase over the Q3 2018 net profit of AED 537 million (US$ 146 million).

 

Update on Namshi

Namshi, a wholly owned subsidiary of Emaar Malls has recorded sales of AED 689 million (US$ 188 million) during the first nine months of 2019, an increase of 14 per cent compared to the previous year. 

Reporting on quarter-on-quarter growth, Namshi’s sales for the third quarter (July to September) 2019 was AED 267 million (US$ 73 million), a growth of 20 per cent over the sales of AED 223 million (US$ 61 million) during Q3 2018.

 

Strong occupancy and footfall 

The assets of Emaar Malls – The Dubai Mall, Dubai Marina Mall, Gold & Diamond Park, Souq Al Bahar and the Community Retail Centres – together welcomed 99 million visitors during the first nine months of this year with The Dubai Mall, the world’s most visited retail and lifestyle destination, in specific welcoming 61 million visitors. Occupancy levels across all assets remain exceptionally high at 92 per cent ending Q3 of 2019, indicating a healthy demand in the market for the retail space in the right locations.

 

Mohamed Alabbar, Chairman of Emaar Properties and Board Member of Emaar Malls, said: “Emaar Malls has consistently explored opportunities to deliver an enhanced shopping experience by taking a customer-centric view of the entire consumer journey, which helps us achieve sustained growth – both through our Malls and Namshi, our fully owned online business. As retail disruption endures, we continue to attract retailers that leverage technology to provide an immersive retail experience, meet their customer’s expectations, provide customers with post-purchase services and loyalty-building interactions making our malls as the preferred lifestyle destination of choice.”

 

Upcoming Assets

Continuing its growth strategy, Emaar Malls is set to open Dubai Hills Mall in Dubai Hills Estate in 2020, which offers a GLA of about 2 million sq. ft. and feature about 550 retail and entertainment destinations. Dubai Hills Mall will have four major family entertainment and leisure centres along with a cineplex, hypermarket, seven anchor retail experience stores, and over 7,000 dedicated parking spaces. The company is also redeveloping Meadows Village to increase its GLA by approximately 95,000 sq. ft, and is scheduled for completion in 2020, further enhancing its Community Retail Centres.

Further strengthening its retail infrastructure, Emaar Malls has opened The Dubai Mall Za’abeel extension adding over 3,000 parking spaces. These extensions link The Dubai Mall to the Financial Centre Road and to the Sheikh Mohammed bin Rashid Al Boulevard enhancing the connectivity and convenience for visitors.

 

Note to Editors 

About Emaar Malls:

Emaar Malls’ properties include some of the most iconic malls, entertainment and community integrated retail centres in the Middle East, including The Dubai Mall, its flagship asset, which has been the most visited shopping and entertainment mall worldwide in each of the last four years.

Emaar Malls also owns and manages Souk Al Bahar, an Arabesque style dining and entertainment development in Downtown Dubai; Dubai Marina Mall, a lifestyle shopping mall for residents and visitors of the Dubai Marina community; and Gold & Diamond Park, a shopping destination dedicated to gold and jewellery.

Emaar Malls’ properties are developed as an integral part of the master plan developments of its controlling shareholder, Emaar Properties, and, therefore, are strategically located in key areas of Dubai that benefit from favourable socio-economic demographics and increasing tourism.

 

For more information:

Sharan Sunner

Seven Media

00971 (0)44 509 790

sharansunner@sevenmedia.ae

    • Net profit in third quarter of 2019 (July to September) grew to AED 688 million (US$ 187 million) with revenue reaching to AED 3.388 billion (US$ 922 million)
    • Strong sales backlog of AED 36.098 billion (US$ 9.828 billion), underlining remarkable revenue recognition to be achieved in the coming three to four years 

 

Dubai, UAE – November 14, 2019:

Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC (DFM: EMAAR), reported today the financial results for the nine-month ending 30thSeptember 2019. The company has reported an impressive growth of 25% in property sales during first nine months of 2019, reaching to AED 12.525 billion (US$ 3.410 billion) as compared to similar period in 2018.

Delivering quarter on quarter growth in profitability, the company reported net profit of AED 2.070 billion (US$ 564 million) with a revenue of AED 9.625 billion (US$ 2.620 billion) for the first nine months of 2019.

With the company announcing the launch of 19 new residential developments in 2019 with a total project value of AED 10.127 billion (US$ 2.757 billion), the sales backlog stands at AED 36.098 billion (US$ 9.828 billion), underlining strong financial fundamentals and revenue recognition to be accounted in the next three to four years.

 

Mohamed Alabbar, Chairman of Emaar Development and Emaar Properties, said: “Over the years, Emaar Development has launched properties that deliver on the promise of providing unique living experiences and positioning Dubai as a prime global destination for real estate investments. The organisation focuses on customers, the quality of construction, technology, people and strategy for future growth. We aim to offer unique products to today’s home buyers, seeking modern lifestyles with amenities that prioritize health, wellness and a sense of community.”

Emaar Development views 2019 as a year of transformation with the company noticing a strong demand for residences that offer surroundings that ensure residents health and well-being, and the opportunity to live fulfilling lives.

During the quarter, Emaar Development has 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 extending the map of Dubai. The development is designed keeping in mind the modern urban planning and future dwelling trends with world class amenities.

 

Sites developed into iconic destinations

In 2019, Emaar Development launched South Beach, a first-of-its-kind residential premium waterfront holiday home development and Grand Bleu Tower, the first ELIE SAAB designer building in the world at Emaar Beachfront. South Beach is one of the first developments to be fully listed on Ease by Emaar, the property management service by Emaar offering investors an opportunity to fill the market gap for short-term rentals and help them capitalise on an emerging business modeland gain potential high returns on investment.

The company also marked the launch of several exceptional residential destinations in Dubai this year, including, Sun,Joy  and Spring in Arabian Ranches III – a premium gated community; Bay Shore, Palace, Summer, Creek Edge and Surf in Dubai Creek Harbour, the six square kilometer mega-development, described as ‘The World of Tomorrow’; Executive Residences, Golf Grove, Golfville and  Emerald Hillsin Dubai Hills Estate; Expo Golf Villas – Parkside and Greenview in Emaar South, a pioneering project by Emaar located only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport, recording sell-out investor response; Sirdhana at Mina Rashid, the world’s new sailing destination set by the historic Dubai Creek near Bur Dubai/Deira.

Emaar development has handed over approximately 4,700 residential units so far in 2019 at prime locations such as Dubai Hills Estate, Emaar South, Dubai Creek Harbour and Downtown Dubai.

Emaar has an international investor base of over 200 nationalities and is ranked 14thamong the world’s strongest real estate companies in 2019, with an estimated brand value of US$ 2.7 billion.

Dubai, UAE; October 20th, 2019: Emaar, today officially announced the opening of ‘The Dubai Stars’, a walkable, star-studded attraction in Downtown Dubai. The stellar walkway hosting stars was unveiled at a press conference attended by some of the celebrities awarded with a Dubai Star in the first phase of the launch.

The milestone event was graced by the presence of celebrities and influencers from across the globe including the painter, photographer and sculptor Mattar Bin Lahej; former Al-Hilal footballer Yasser Saeed Al-Qahtani; comedian, actor, film producer, television presenter, and a renowned television personality Ahmed Helmy; film actress Sonam Kapoor Ahuja; singer Balqees Fathi; playback singer, music composer and actor Muhammad Atif Aslam; actress Mona Zaki; and internet star Khalid Al Ameri.

Shymaa Binbrek, General Manager, Downtown Dubai, said, “In a city that has embraced the idea of multiculturalism, we take pride in implementing an initiative that will resonate with the local expatriate population and tourists visiting the emirate. The Dubai Stars, surrounded by landmark attractions such as Burj Khalifa, The Dubai Mall and Dubai Opera, is touted to become one of the most-visited destinations in Dubai.”

Upon completion, the stars embedded sidewalk will celebrate 10,000 famous personalities from the worlds of music, film, art, architecture, sports and literature.

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

EMR tokens will be tradable, exchangeable, and redeemable

Dubai, UAE — 14 October, 2019 — Emaar, the Dubai-based property developer, is releasing a new blockchain-based referral and loyalty platform later this year. Named EMR, the platform aims to reward Emaar customers with tokens for their loyalty and business referrals. EMR tokens will not only be redeemable in Emaar’s real estate, hotels, ecommerce operations and malls, but can also be traded with other users.

This is the first product of its kind being launched in the world, which aims to provide Emaar’s customers with digital tokens using blockchain technology on a mobile application. Tokenisation of loyalty points not only provides users with all the benefits current loyalty schemes offer, but also provides real monetary value through external trading platforms.

Mohamed Alabbar, Chairman of Emaar, stated: “We didn’t become Emaar by standing still, or by thinking small. By launching the EMR utility token ecosystem, Emaar is expanding the concept of connection. We aren’t just looking into the future — we are building it.”

Consumers will be able to use Emaar’s dedicated EMR mobile application on Android and iOS to access the referral and loyalty system and earn or redeem EMR tokens. The platform and tokens are built on Quorum, the JPmorgan variant of Ethereum, and are expected to be released before the end of the year, with an early sale of rights having been conducted by Bitcoin Suisse AG and ending in October.

Hadi Kabalan, Director of Tokenisation at Emaar, said: “We have an existing ecosystem and a large customer base, as well as millions of further potential users globally who have yet to discover Emaar. Our blockchain token platform positions us to grow our user engagement with today’s digital-native, mobile-first generation who expect a fairer internet and want to be part of the conversation.”

The recent Tokenization, Loyalty and Blockchain survey by KPMG LLP revealed that consumers across all age groups are increasingly willing to make purchases with tokens, indicating a wide range of new opportunities for businesses to engage with their customers and transform commerce using blockchain. The findings also highlighted the fact that the majority of consumers familiar with the definition of blockchain-based tokens believe it will enable them to make better use of loyalty reward points.

Editor notes

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 56,00 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 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 launched, 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

  • Funds raised will fuel global property developer’s expansion plans
  • Listing reinforces Dubai’s growth as global capital of Islamic economy

 

Dubai, Sept 30 2019 – Mohamed Alabbar, Chairman of Emaar Properties, rang the Nasdaq Dubai market-opening bell today to celebrate the listing of a 500 million USD Sukuk.

The capital raised will support Emaar Properties’ regional and international expansion plans. The 10-year Sukuk has an annual return rate of 3.875% and is part of Emaar’s 2 billion USD bond issuance programme.

 

Mohamed Alabbar, Chairman of Emaar Properties, said: “The growth of the sukuk market has been tremendous and has helped bridge the gap in infrastructure financing particularly with projects linking to the real economy. Listing our Sukuk on Nasdaq Dubai provides our issuance with a well-regulated platform with high visibility and close links to market participants regionally and around the world.”

 

His Excellency Essa Kazim, Governor of Dubai International Financial Centre, Secretary General of Dubai Islamic Economy Development Centre, and Chairman of Dubai Financial Market, said: “The cooperation between Emaar group and Nasdaq Dubai underlines Dubai’s strength and depth in the Sukuk sector as part of the Emirate’s growth as the global Capital of the Islamic Economy, under the initiative launched by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister, and Ruler of Dubai. Dubai will continue to develop its exchange infrastructure to serve Sukuk issuers seeking an effective listing environment.”

A 750 million US dollar Sukuk issued by Emaar Properties in 2016 is also listed on Nasdaq Dubai, as well as a 750 million US dollar Sukuk listed by Emaar Malls in 2014.

 

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: “This listing by Emaar Properties underlines the strong activity that we are seeing in the Sukuk sector, with listings so far this year on Nasdaq Dubai from UAE and overseas issuers valued at a total of 8.85 billion US dollars. The exchange will maintain its strong support for Sukuk issuances for the benefit of issuers and investors and to promote successful economic development.”

Hamed Ali, Chief Executive of Nasdaq Dubai, said: “We look forward to further strengthening our close collaboration with the Emaar group, in order to support its financing activities as it expands its development as one of the UAE’s most dynamic and prominent enterprises. As one of the world’s largest exchanges for Sukuk listings with a total nominal value of 58.7 billion US dollars, with 55% of that value coming from non-UAE issuers, we are preparing for further listings from a range of regional and international public and private sector issuers.”

Emaar Properties’ 500 million USD Sukuk listed exclusively on Nasdaq Dubai on September 18, 2019.

 

About Nasdaq Dubai

Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, Sukuk (Islamic bonds), conventional bonds and Real Estate Investment Trusts (REITS).

The majority shareholder of Nasdaq Dubai is Dubai Financial Market with a two-thirds stake. Borse Dubai owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).

 

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

  • Ease by Emaar is a pioneering concept that provides property management services, handling holiday homes on behalf of investors, providing high return on investment 
  • The holiday homes market has grown by 161% according to a study by Knight Frank 
  • South Beach, situated in Emaar Beachfront, is the first residential premium waterfront development to be listed on Ease by Emaar. It offers residents views of one of the world’s best waterscapes along with direct access to their own private beach
  • Located in one of Dubai’s most enviable destinations, the development comprises of 1-, 2- and 3- bedroom fully furnished apartments, making it convenient for investors to move in or rent their property with Ease by Emaar

 

Dubai, UAE; September 4, 2019: Emaar, a Dubai-based global property developer and provider of premium lifestyles, today announced the launch of Ease by Emaar – a streamlined short-term rental concept that provides global travellers exceptional stays in elegant homes handpicked by Emaar in their integrated communities.

During the launch event, the developer also unveiled ‘South Beach’, a premium residential beachfront development in Emaar Beachfront offering a unique blend of cosmopolitan living and serene seaside lifestyles. Comprising of 1-, 2-, and 3-bedroom apartments with exquisite furnishings, this will be the first waterfront development to be listed on Ease by Emaar for visitors to experience the epitome of leisure, comfort and lavish living.

For guests, Ease by Emaar opens a new avenue for visitors to experience a premium lifestyle located in some of the most sought-after destinations in the city. Guests are provided with unrivalled hospitality such as hotel-grade housekeeping and amenities, and a digital mobile concierge, ensuring guests get all the information needed to experience the city, anytime, anywhere. Other amenities offered to guests include unlimited Wi-Fi, a welcome pack, and on-demand Google Smart Home devices such as Chromecasts for streaming entertainment channels and others. Guests can also get an ‘Ease Pass,’ which provides unbelievable offers and deals to the city’s major attractions. This includes U by Emaar special upgrades, discounts on Emaar hospitality restaurants, and deals to Emaar entertainment attractions such as At The Top, Burj Khalifa, Reel Cinemas and others.

Residents of South Beach can also engage in water-sports activities and various lifestyle amenities such as a swimming pool, fitness centre and an extensive choice of play areas for children. Investors in this development will have the option to let Ease by Emaar manage their property at no additional cost for the first three years post-completion.

Emaar Beachfront, which is easily accessible via Sheikh Zayed Road, features uninterrupted captivating views of the waterfront and access to pristine private beaches.

For investors, the innovative technological infrastructure offers the opportunity to fill the market gap for short-term rentals and helps them capitalise on an emerging business model, helping them earn substantial returns. Emaar-owned Ease provides an end-to-end property management service, including property setup, reservations management, guest hosting, housekeeping, maintenance, government licensing, and distribution of the listing across Airbnb, Booking.com, Expedia, Agoda, and over 50 other channels.

To list your home, book a stay or to get more details, email at team@ease.aeor call +97152 458 0688. For more details on the launch of South Beach (Marina Vista by Emaar) on Emaar Beachfront, visit the Emaar Sales Centres in Downtown Dubai; Dubai Creek Harbour Sales Centre in Ras Al Khor; 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 Saturday to Thursday, 9.30am to 7pm, and on Friday 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

  • All four phases of previously launched Expo Golf Villas had sell-out investor response for their location, proximity to an 18-hole golf course, other amenities and assured returns
  • At competitive prices, the fifth phase of Expo Golf Villas include only 302 three- and four-bedrooms villas
  • Prices of Expo Golf Villas start at only AED 1,077,888; customers benefit from a convenient two-year post-completion payment plan

 

Dubai, UAE; July 24, 2019: Following the sell-out response to the previous launch of four phase of Expo Golf Villas in Emaar South, global real estate developer Emaar has announced the launch of the fifth phase of the highly sought-after residences, only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport.

The fifth phase of Expo Golf Villas, set amidst green parks and next to an 18-hole championship golf course, features only a limited collection of 302 three- and four-bedrooms villas ranging in size from 123 to 155 sqm, and with a muted neutral palette to match the interior design choice of the customer.

Expo Golf Villas not only offer the unique location advantage of being near the Expo 2020 Dubai site, with the world-class event set to welcome over 25 million visitors when it opens in October next year. It also sits at the heart of the new growth corridor of Dubai with easy accessibility to the business hubs in Dubai South such as the Aviation District, Logistics District, Business Park, Exhibition District and Humanitarian District. Further, the community is only 50 minutes from Abu Dhabi and 30 minutes from Jebel Ali.

The master-planned neighbourhood assures an exceptional lifestyle with community parks and a retail plaza in walking distance. Set by the main boulevard of Emaar South, residents have a choice of trendy F&B and retail outlets by their doorsteps. Other community amenities include a fully equipped gymnasium and children’s play areas.

The price of Expo Golf Villas starts at a highly competitive AED 1,077,888. Customers have the convenient option of a two-year post-completion payment plan. Following a 5 per cent booking fee and a first instalment of 5 per cent of the value within 30 days, customers will pay monthly instalments of 1.5 per cent from Sept 2019 until August 2024, with the project scheduled for completion in September 2022.

According to market reports, residences set by golf courses have typically reported value appreciation by an average 20 per cent, assuring investors of strong long-term returns.

Emaar is on-schedule to deliver the first homes in Emaar South this year. Construction of the earlier launched phases of Expo Golf Villas is also progressing as per schedule.

To purchase your dream home at Expo Golf Villas, visit the Emaar South Sales Centre on the DWC Peripheral Road in Dubai South; Emaar Sales Centres in Downtown Dubai; Dubai Creek Harbour Sales Centre in Ras Al Khor; Dubai Hills Estate Sales Pavilion located on Umm Suqeim Road; 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.

 

For more information:

Kelly Home | Nivine William

ASDA’A BCW

+9714 4507 600

kelly.home@bcw-global.com

nivine.william@bcw-global.com

 

  • First 3D printed home is Emaar’s first step towards its larger ambition to position the company as a leading adopter of advanced construction technologies
  • Following a global competition, Emaar has awarded the contract for the construction of the first 3D printed model home in Arabian Ranches III to a partnership between an international 3D printing technology company and a UAE based contractor
  • Emaar is leveraging innovative construction methods to build faster and at lower costs with unique designs, while decreasing waste and reducing noise pollution
  • Pioneering initiative by the tech-driven global developer complements Dubai’s ‘Smart City’ vision

 

Dubai, UAE; July 18, 2019: Setting a new milestone in residential property development, global real estate developer Emaar Properties has announced plans to build its first 3D printed home in Dubai. This is the first step towards Emaar’s ambition to be a leading adopter of advanced construction technologies.

Following a global competition, in which the world’s leading 3D printing technology providers participated, Emaar has awarded the contract to 3D print a model home in Arabian Ranches III. The construction will be facilitated using a local contractor with the goal of building in-country competencies in 3D printing for the property sector.

Building the first 3D printed model home underlines Emaar’s commitment to adopt innovative construction methods to build faster and at a lower cost while achieving higher design and architectural flexibility. Emaar’s use of 3D printing technology will also promote the sustainable use of resources by reducing waste of construction materials and noise pollution.

Upon completion, the 3D printed model home will serve as a reference point for investors to further understand the concept and appreciate the value add that advanced technology brings to the real estate sector. The general public can register their interest to learn more about Emaar’s 3D printed home at https://www.emaar.com/en/our-communities/arabian-ranches-iii/3d-printed-house or at Emaar’s sales centres in Dubai and Abu Dhabi.

Mohamed Alabbar, Chairman of Emaar Properties, said: “As the pioneer of integrated communities in Dubai and the trend-setter in the region’s property sector, our plans to embrace 3D printing of homes is an integral part of our digital-first and customer-first strategy. Through this, we are not only positioning ourselves as an early adopter of advanced technology but also creating long-term value for our customers as 3D printing brings numerous advantages such as reduced cost of construction, more efficient use of materials and higher levels of sustainability. With 3D printing technology, to be implemented locally using international expertise, we are also supporting the vision of the leadership to build ‘Smart and Sustainable Cities’ that are tech-driven and meet the aspirations of the new generation of customers. It will also help accelerate the innovation ecosystem in Dubai, inspiring start-ups to contribute towards advanced construction technology.”

With this pioneering initiative, Emaar aims to set the region’s benchmark in construction best practices as 3D printed homes bring several benefits including accelerated delivery of homes and more flexibility in design. 3D printing is also environment-friendly, with sustainable home construction techniques significantly lowering waste and noise pollution during wall construction. 3D printed homes will contribute to lower cooling costs as customers can choose the thickness and type of insulation that goes into the walls; the thicker the insulation used, the lower the cooling costs.

By embracing 3D printing, Emaar’s goal is to create a real estate landscape in the future where customers can ‘design, download and print’ their homes in the future across Emaar’s diverse portfolio of master-planned developments.

As the leading developer of integrated lifestyle destinations, Emaar has delivered world-class communities such as Downtown Dubai, Dubai Marina, Arabian Ranches and Emirates Living and is also shaping the future of the city with iconic projects such as Dubai Creek Harbour, Dubai Hills Estate, Emaar South, Emaar Beachfront, Arabian Ranches III and the recently unveiled Mina Rashid.

Arabian Ranches III, which was launched last year, has already gained overwhelming response for its residential communities that are defined by exceptional lifestyle amenities such as a central park, a 4 km long boulevard, a lazy river and a wide choice of outdoor sports facilities.

For details, call 800 36227 (UAE) or +9714 3661688 (International); or email: sales_enquiry@emaar.ae. 

For more information:

Kelly Home | Nivine William

ASDA’A BCW

+9714 4507 600

kelly.home@bcw-global.com

nivine.william@bcw-global.com

The Board of Directors of Al Hilal Club, headed by Fahad Bin Saad bin Nafal, signed an agreement with Emaar Properties to be the strategic partner of Al Hilal Club for a period of five years starting from the next sports season.

The partnership was signed by Mohamed Alabbar, Chairman of Emaar, and Fahad Bin Saad bin Nafal, the President of the Club on Thursday at Al Hilal Club.

With this partnership, Emaar will benefit from several commercial rights including the use of the company logo on the Al Hilal Club team jerseys. The signing ceremony was attended by Ahmad Al Matrooshi, Managing Director of Emaar; Amit Jain, Group Chief Executive Officer and Bader Hareb, Chief Executive Officer, Development, as well as the Members of the Board of Directors of the Al Hilal Club, Dr. Sultan Bin Saeed, Sulaiman Al-Hitlan and Sultan Al Sheikh, Investment & Marketing Manager.

Bin Nafal said: ”We are delighted to partner with Emaar, the developer of lifestyle communities, malls, hospitality and entertainment attractions, and one of the largest companies in the Middle East. I thank them for their professionalism and their choice of Al Hilal to be a strategic partner. I appreciate the efforts by Dr. Sultan Bin Saeed to make this partnership happen. I also thank all the previous club administrations, which helped increased the income of the club through the establishment of an investment and marketing department. They enhanced the investment and marketing aspects of the club reflecting the strong institutional work at Al Hilal Club since its establishment.”

Alabbar said: “Our partnership with Al Hilal, one of the largest clubs in Asia, highlights our keenness to support sporting organisations that add to the pride of the nation. Football is among the most popular sports in the region that unites people and communities. We see incredible value in our partnership with Al Hilal that will strengthen our brand value among a large cross-section of people. Al Hilal’s outstanding popularity, high standards of professionalism and continuous achievements have been central in our decision to signing this partnership.”

  • A new coastal destination by Emaar and P&O Marinas, Mina Rashid has gained strong investor response following the launch of the first Sirdhana homes in May
  • Offering an all-round waterfront lifestyle, Seashore (Sirdhana by Emaar) are set by Dubai’s longest Venetian-style canal pool and offers spectacular views of the marina and the Downtown Dubai skyline
  • Residents have easy access to a community park, splash park, boardwalk promenade, waterfront plaza, The Dubai Mall by the Sea and a floating yacht club that will appeal to marine sports and leisure enthusiasts
  • Limited collection of Seashore (Sirdhana by Emaar) residences launched

 

Dubai, UAE; July 10, 2019: Live by the longest Venetian-style canal pool in Dubai and enjoy an all-round waterfront lifestyle at the Seashore (Sirdhana by Emaar) residences launched in Mina Rashid, the new Riviera-style coastal destination set in the historic port of Dubai.

Following its unveiling in May by Emaar, the developer of icons, and P&O Marinas, a subsidiary of global trade enabler DP World – UAE Region, Mina Rashid has emerged as one of the most sought-after residential developments in the city. Sirdhana, the first phase of residences in the free zone development, received strong investor response from the UAE and international markets.

Now, with the launch of Seashore, a limited collection of 1, 2 and 3-bedroom apartments that overlook the marina and the Downtown Dubai skyline, customers can become part of a future-ready lifestyle address defined by several spectacular features.

Investing in Seashore assures long-term returns as Mina Rashid is set to become the world’s leading sailing destination with 430 wet berths that can welcome the largest yachts, which will catalyse cruise tourism that grows at an annual rate of 16 to 18 per cent. The mega-development is also home to Queen Elizabeth (QE2), the famous ocean liner that is now a 13-deck floating hotel.

Residents will have easy access to ‘The Dubai Mall by the Sea’ – an elite waterfront retail, dining and leisure destination; a floating yacht club; a pristine sandy beach of over 12,600 square metres – the size of about two-and-a-half football fields; and Dubai’s longest swimming pool at 500 metres, among others. Other amenities include signature hotels, a private beach club, a community park, splash park, a community podium with a gym and kids’ play area, boardwalk promenade, and a waterfront plaza brimming with a diverse bouquet of retail and F&B choices.

The contemporary-style apartments have glittering glass facades, floor-to-ceiling windows, and generous balconies to maximise views. With lots of natural light, two interior colour palettes, and prime views of the waterfront, Seashore offers one of the most exclusive addresses in Dubai. The community is also located centrally in Mina Rashid, near Bur Dubai, only 20 minutes from the Dubai International Airport and 20 minutes from Downtown Dubai and Dubai Creek Harbour.

For more details on Seashore (Sirdhana by Emaar) at ‘Mina Rashid,’ visit the Emaar Sales Centre in Downtown Dubai; Dubai Creek Harbour Sales Centre in Ras Al Khor; 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 centres are open from Sat. to Thurs., 9.30am to 7pm, and on Fri. from 2pm to 7pm in all locations except Abu Dhabi. Alternatively, call 800 36227 (UAE) or +9714 3661688 (International); or email: sales_enquiry@emaar.ae. Investors can also talk to Emaar’s Property Advisor directly at +9714 48888 8844 from 9am to 7pm, Sunday to Thursday.

 

For Emaar media queries:

Kelly Home | Nivine William

ASDA’A BCW | +9714 4507 600

kelly.home@bcw-global.com

nivine.william@bcw-global.com