Emaar Properties - UAE

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Recent Articles

• Kuwait, Oman, Qatar markets end at multi-year lows19 January 2009

  UPDATE 8: Investors fear poor Q4 results and lack of immediate government action.

• Burj Dubai set to open September in line with metro18 January 2009

  A soft opening of the world's tallest tower is set to take place on Sept. 9.

• Emaar US makes job cuts due to credit crisis17 January 2009

  Layoffs for staff working across John Laing Homes in Colorado, Southern California.

• Gulf markets end lower amid global gloom15 January 2009

  UPDATE 5: UAE, Qatar, Kuwait and Oman fall as investor sentiment is impacted.

• UAE, Saudi, Qatar markets end in red14 January 2009

  UPDATE 5: UAE markets were dragged down by real estate and bank stocks.

• Gulf bourses end in red on Q4 earnings fears13 January 2009

  UPDATE 6: UAE, Qatar, Oman, Kuwait, Saudi and Bahrain exchanges all end lower.

• Emaar bid to calm shareholders10 January 2009

  Emaar chairman Mohamed Ali Alabbar has released a statement in a bid to calm shareholders following 12 months of diminishing value for the developer's listing on the Dubai Financial Market.

• Emaar chief targets 'new chapter of growth' in 20091 January 2009

  Chairman Mohamed Alabbar says opportunities will outweigh challenges.

• Burj Dubai now 780m high - Emaar30 December 2008

  Centrepiece of $20bn Downtown project nears completion, stands more than 160 storeys high.

• Emaar defends move in share buyback u-turn24 December 2008

  UPDATE 1: Company's 10% share buyback cancelled after failure to buy stock in time.

• Emaar's outlook revised to negative by rating agency18 December 2008

  Move taken to reflect 'rapid weakening' of Dubai real estate market.

• Emaar to build $100mn Khalifa City in Cairo17 December 2008

  Urban development for low-income households to be built with funds provided by Abu Dhabi.

• Emaar wins $100mn Egypt city contract 14 December 2008

  Dubai-based developer has been contracted to build Sheikh Khalifa bin Zayed City in New Cairo.

• Architect reveals Burj Dubai height3 December 2008

  EXCLUSIVE: Iconic Dubai landmark destined to be 808 metres tall, says designer behind project.

• Merrill gives Emaar AED3 price target1 December 2008

  US bank gives Dubai developer 'neutral' rating due to market conditions turning for worse.

• Emaar, Armani start work on Milan hotel1 December 2008

  Construction on flagship Armani Hotel Milano in Italy underway, hotel due to open in 2010, firms say.

• Dubai gov't denies Emaar, Nakheel merger24 November 2008

  UPDATE 1: Gov't says merger not on cards after comments by Emaar chairman.

• Emaar 'might' lay off staff - Alabbar24 November 2008

  Dubai-based developer will do whatever is in best interest of shareholders, chairman says.

• Alabbar: Dubai will meet all debt obligations24 November 2008

  UPDATE 4: Emaar chairman says Dubai's total debt obligations stand at $80bn.

• 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.