Emaar records 45% decline in first quarter net profits
Emaar Properties recorded a 45 per cent decline in net profits during the first quarter of 2011 reaching Dh421 million ($115 million) compared to Dh760 million recorded during the first quarter of 2010.
Emaar’s Dubai Mall posts 27% rise in footfall in 2010
The Dubai Mall, one of the world’s biggest shopping centres, saw footfall increase last year by around 27 percent over 2009, despite the economic crisis.
Emaar Profit Falls 45%, Missing Estimates, on Burj Khalifa Handover Drop
Emaar Properties PJSC (EMAAR), the builder of the world’s tallest tower in Dubai, reported a 45 percent decline in first-quarter profit, missing analyst estimates, as it delivered fewer units in Burj Khalifa.
Emaar mulls India move for The Address brand
One of Emaar’s biggest hospitality brands, The Address, has confirmed that it is interested in expanding into the Indian market.
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.
Standoff lands Games Village flat owners in a spot
DDA sits on handover, takes case to Court of Appeals; Emaar-MGF says it is not even allowed to enter Village.
Emaar price estimate cut 13% at Deutsche Bank
“Even if events remain fluid and the impact on the property sector is difficult to gauge at this stage, we believe the Egyptian real-estate market is likely to remain uncertain for some time,” analysts Nabil Ahmed and Athmane Benzerroug said in a note to clients dated on Thursday.
Burj Khalifa developer Emaar sees shares rise on Dubai bourse
Emaar Properties was an early gainer on the Dubai market as traders took advantage of the last day they are entitled to a dividend payout.
Dubai Stocks Rise on First-Quarter Earnings Expectation, Gain in Oil Price
Dubai stocks climbed to the highest level in almost a week on investor optimism first-quarter earnings in the region will beat expectations and after oil climbed to the highest since 2008.
