Category: Technology

  • 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

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

Dubai, UAE; March 11, 2019: Emaar Group is marking an industry-first by leveraging the significant potential of blockchain technology with plans to offer the Emaar community token for customers and partners by the end of this year.

This highlights Emaar’s intense focus on innovation and providing the most complete experience to drive customer service, loyalty and referral across its businesses, thereby enhancing customer satisfaction, growth and profitability.

Emaar grew revenues by 37 per cent in 2018 to US$7 billion and its brand value by 39 per cent to US$2.7 billion, placing it among the highest tier brands in the world.

The developer of the iconic Burj Khalifa, The Dubai Mall, Dubai Opera, The Dubai Fountain and premium lifestyle communities is also the world’s largest property company outside China, and the largest by listed market capitalisation in the Middle East and North Africa (MENA) region under the MSCI EM Index. Emaar Properties PJSC, Emaar Malls PJSC and Emaar Development PJSC are listed on the Dubai Financial Market (DFM).

The Emaar community token will allow Emaar’s customers and stakeholders to reap the value of a full referral and loyalty system across the entire group, cementing the global brand and opening the Emaar experience potentially to billions of internet users.

This will be among the first referral and loyalty tokens in the world giving access to an existing operational ecosystem of close to US$10 billion, and an initial coin offering in Europe (ICO) will be considered within 12 months of the internal operational launch of the platform.

Swiss-based Lykke AG is leading the technology build of Emaar’s community token based on the Ethereum blockchain and the ERC20 token framework. The token will be transferable across the entire global Emaar ecosystem, including real estate, malls, hospitality, entertainment, facilities management and online shopping.

Mohamed Alabbar, Chairman of Emaar Properties, said: We continuously strive to expand our reach, strengthen our growth and extend the Emaar experience. We have embraced the digital world even as we continue to build the most advanced and innovative physical structures and we use both to delight and benefit our customers and stakeholders globally. The Emaar community token marks a significant leap in our digital transformation journey.

Richard Olsen, Founder and CEO of Lykke, said: We have developed cutting edge technology infrastructure with mass-market usability to support our core belief that all mobile and internet users should be able to participate in economic activity, regardless of size of contribution. We are thrilled to leverage our experience and expertise to support Emaar’s mission to bring value and utility to millions of users globally.

Note to Editors

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 51,800 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue generating assets with over 915,000 square metres of leasing revenue generating assets and 19 hotels and resorts with 3,939 rooms. Today, around 40 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 largest shopping and entertainment destination, are among Emaar’s trophy developments. Emaar has 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: https://www.emaar.com/

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

About Lykke AG:

Lykke AG was founded and continues to be run by Richard Olsen, one of the early pioneers of the use of blockchain technology, having created asset-backed tokens on the Bitcoin blockchain prior to Ethereum’s creation. Lykke is focused on bringing financial technology to the masses, with users of its mobile app and token exchange platform benefiting from decades of knowledge gained in servicing retail clients globally. Mr Olsen previously founded the first retail-focused foreign exchange platform Oanda in 1995, which was sold to private equity in 2018.

For more information on Lykke AG, 2 Baarerstrasse, 6300 Zug, Switzerland, please visit www.lykke.com

For more information:

Kelly Home | Nivine William

ASDA’A BCW | +9714 4507 600

kelly.home@bcw-global.com | nivine.william@bcw-global.com