Emaar

Hospitality Group, the hospitality and leisure business of global property developer Emaar Properties , has further strengthened its global footprint, particularly in the fast-growing markets of Africa, with a new management contract to operate a uniquely designed resort near the world-famous Masai Mara in Kenya.

The Address The Blvd, Downtown Dubai is a timeless testament to Emaar’s pioneering spirit. Beautifully classic and yet impeccably modern, come home to elegantly furnished apartments and opulent facilities. All this with considerate and discreet 5-star service that The Address Hotels + Resorts is renowned for.

Dubai-based real estate giant Emaar Properties said on Sunday it posted an 82 percent surge in net profits in the first half of 2012 as retail and hospitality grew, costs fell and a write-off was not repeated.

Nasdaq Dubai, the region’s international exchange, welcomed on Thursday listing of a 
$500 million sukuk on its market by Emaar Properties, the Dubai-based global property developer. The listing is the first by Emaar on Nasdaq Dubai and constitutes the second drawdown under the company’s recently updated $2 billion Trust Certificate Issuance Programme.

Emaar Properties has priced townhouses within the Alma 2 cluster in Arabian Ranches in the range of Dh1.4 million to Dh2.2 million, Emirates 24|7 has learnt.

The Dubai Land Department (LD) signed an agreement with Emaar Properties, whereby the property development company has officially joined Dubai Land Department's real estate development initiative (Tanmia) to enhnace mutual cooperation among official and unofficial institutions in Dubai to promote investment in various sectors in the emirate.

Dubai’s shares surged the most in almost a year on investor confidence debt-burdened companies in the emirate will meet payment obligations without government support and as quarterly earnings beat estimates.

The company’s annual revenue for 2011 reached AED 8.112 billion (US$ 2.209 billion). With The Dubai Mall, the flagship development of Emaar establishing itself as the world’s most visited shopping and tourism destination marking record visitor arrivals of 54 million in 2011, the shopping malls & retail business of Emaar contributed AED 2.14 billion (US$ 583 million) to annual revenues, representing 26 per cent of the total.

DUBAI — Emaar Retail on Saturday reported a 13 per cent year-on-year growth to its leisure attractions in 2011 that shows Dubai’s continuous strength as a hub of the retail sector in the Middle East and North Africa.

Shares on the Dubai Financial Market (DFM) rose yesterday, led by Emaar Properties, amid earnings optimism as investors speculated that the region's largest developer would deliver strong fourth-quarter results.