Emaar Properties - UAE

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Recent Articles

• Emaar takes steps to boost residential sales22 November 2008

  Emaar Properties has announced plans to assist potential buyers with purchasing property in Dubai, in the face of a faltering residential sales market.

• Emaar reacts to job loss reports22 November 2008

  Dubai-based Emaar Properties reacted to reports of job losses from within its ranks with a carefully-worded statement, days after offering a “no comment” to Construction Week.

• Emaar awards golf contract for Economic City16 November 2008

  Emaar's, The Economic City, - the Tadawul-listed company behind the development of King Abdullah Economic City (KAEC), has awarded a US$39.2 million contract to Rabya Trading and Agriculture Company to develop a golf course in the residential area of Esmeralda.

• Sustained demand will drive real estate sector, says Alabbar16 November 2008

  "Domestic demand for real estate continues to outstrip supply and has positively shifted towards an end-user market," according to Mohamed Alabbar, Member of the Dubai Executive Council and Chairman of Emaar Properties in an address at the World Economic Forum's Global Agenda Summit.

• Emaar shares at four-year low amid jobs review13 November 2008

  UPDATE 4: Both Dubai and Abu Dhabi exchanges hit near four-year lows too.

• Emaar relaxes payment in effort to kick-start demand12 November 2008

  UPDATE 2: Developer allows buyers to pay over five years after handover, rent before you buy.

• Property prices in Burj Dubai tumble up to 50% - report12 November 2008

  Emaar Properties' flagship Downtown Burj project sees prices fall at least 22%.

• Emaar Properties rethinks plan for London listing10 November 2008

  Chairman says company will 'reconsider that plan' due to market woes.

• Dubai debt fully covered - Alabbar9 November 2008

  UPDATE 1: Emaar chairman says emirate fully covered to service debt over next seven quarters.

• Emaar denies problems on Dubai Tram project8 November 2008

  Emaar Properties' US $20 billion (AED73 billion) Downtown Burj Dubai tram project may be in jeopardy and the company is going through an "across the board belt-tightening exercise," a former top executive has said.

• Emaar extends mortgage repayment deadlines7 November 2008

  Developer's move to help customers amid liquidity constraints in banking sector.

• The Dubai Mall opening plans unveiled2 November 2008

  Emaar Malls Group's flagship to open to public at 2pm on Tuesday, November 4.

• Emaar names supersize fountain29 October 2008

  AED 100,000 cash prize to be split between 15 winners.

• Dubai exchange bucks trend by closing higher23 October 2008

  UPDATE 5: Dubai Financial Market is sole positive as Gulf exchanges struggle.

• Emaar Properties Q3 profits fall by 3.8%19 October 2008

  UPDATE 1: Developer posts net profit of $408mn after taking writedown relating to US unit.

• Gulf markets fall amid recession fears16 October 2008

  UPDATE 4: Global stock market falls are replicated locally as all bourses end down.

• Gulf markets continue to rally14 October 2008

  UPDATE 5: Dubai Financial Market sees largest one-day gain for the second day running as shares soar.

• Real estate shares enjoy huge increases13 October 2008

  After days of misery, UAE's main property players finally have something to smile about.

• Deal signed to publish Burj Dubai Opus13 October 2008

  Emaar Properties to chart creation of what will become world's tallest building.

• Emaar Properties shares fall to new 46-month low12 October 2008

  Real estate giant falls 9% as report predicts slowdown in Dubai's housing market.

• Strong branding to help firms weather correction8 October 2008

  Investors more likely to be loyal to developers during times of trouble - Futurebrand.

• Gulf exchanges suffer further losses8 October 2008

  UPDATE 5: Emaar and Etisalat among high-profile casualties as market uncertainty continues.

• No let up as UAE real estate shares slump continues7 October 2008

  UPDATE 3: More woe for property firms while Saudi bourse again closes well down.

• Design unveiled for new world's tallest tower5 October 2008

  UPDATE 1: Movie stars Catherine Zeta Jones and Michael Douglas at launch event in Dubai.

• Emaar, Mazaya lead declines in UAE markets5 October 2008

  UPDATE 1: Real estate firms see their shares struggle on first day back after Eid holiday.