All Entries Tagged With: "emaar"
Emaar names McKinsey for review
Emaar Properties has hired consultant Mc-Kinsey to conduct a strategic review of its international operations, sources said yesterday. The McKinsey review mainly relates to the developer’s property segment, said the sources.
‘I’m not leaving Emaar,’ says Mohamed Alabbar
Mohamed Alabbar is not planning to step down from his role as chairman of property firm Emaar, despite spending an increasing amount of time on a private mining company.
World’s tallest building
Giorgio Armani is reportedly in talks to open his first hotel in the UK in London’s Knightsbridge. The new hotel would likely be in association with Emaar Properties, the company the designer collaborated with on his Dubai site. Paris, New York, Tokyo and Shanghai are also thought to be on the list for possible Armani Hotel openings.
Springs or Arabian Ranches – which community do expats prefer?
Both residential developments are popular among expatriates and have their own fan base, say experts. Arabian Ranches and Springs, both popular residential communities developed by Emaar, are neck and neck when it comes to preference among the expat community.
Emaar likely to face ongoing dividend pressures, say analysts
Emaar’s surprise move to issue a 10 percent dividend in 2011 is likely to increase pressure on the firm to offer similar pay-outs in the coming years, analysts have said.
Works in progress at Pavilion Downtown Dubai
In the shadow of the Burj Khalifa, the word “artwork” is taking on an entirely new meaning. While most people go to art centres to soak up the culture, some visitors to Dubai’s newest space are there for a much more serious purpose: for them, the light and airy Pavilion Downtown Dubai is the perfect place to get on with their work.
New gallery presents art for art’s sake
On the gallery wall, the painting immediately catches your eye. It would look great, you just know, in your living room. Wondering about the price, you head for the counter. But you are politely told: “Sorry, it’s not for sale.” For this is the Pavilion Downtown Dubai, the city’s newest contemporary art space and the first to operate on not-for-profit lines.
Depa dividend news pushes shares Lower
In the property construction cycle, fitting out the marble flooring and steel fixtures come last. The company posted a Dh198.2 million loss, mostly from impairments related to a dispute it has with another contractor on the Burj Khalifa.
Burj Khalifa developer Emaar closes quarter on the up
A turbulent quarter for the Middle East saw UAE stocks falling, but a strong rally this month limited the losses for Dubai’s listed companies as traders started to see the emirate as a clear beneficiary of the region’s troubles.
Emaar reverts on dividend payment for 2010
Emaar Properties, the Dubai developer, yesterday reversed its decision not to pay a dividend for 2010 by agreeing to pay 10% of the company’s share value.
