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The company made a healthy profit of Dh359m on those sales, but it lost high-end office buildings that were yielding returns as high as 10 per cent a year. At least one of the buildings was among the sought-after Emaar Square properties near the Burj Khalifa in Dubai.

Emaar has established a wholly owned subsidiary, which proposes to issue up to $500m of convertible notes on the Luxembourg Stock Exchange. The money will be lent to Emaar while the notes would be converted, from time to time, into fully paid ordinary shares at the discretion of the holder of the notes.

Skyscraperlist.com visit to Burj Khalifa, The Residence

A who’s who of the region’s MICE, events and entertainment industry gathered on Wednesday night at the Armani Hotel in Dubai’s Burj Khalifa for an evening of networking in a social setting. The first in a series of networking events organised by those behind the Middle East Event Show, it was a great way to connect with potential clients, meet new suppliers and network with fellow industry professionals in an informal atmosphere, according to those that attended. The night is planned to run every second month, with this next event to be held in January.

Mediterranean restaurant is one of the eight in Dubai Armani Hotel; this yummy buffet is surprisingly affordable in comparison with other high profile hotel venues in Dubai.

Tom Cruise swinging from the Burj Khalifa, world's tallest building, during movie stunt filming of Mission Impossible Ghost Protocol in Dubai.

London has been voted the "World's Leading Destination" at this year's World Travel Awards, which took place November 7. The World's Leading Hotel gong went to the Burj Al Arab in Dubai, despite rivalry from 26 other properties including the Armani Hotel in Dubai, the Taj Mahal Palace & Tower in India, the Hotel Ritz Paris and the Emirates Palace in neighboring Abu Dhabi.

The new Bentley Mulsanne has won the 'Best Limousine for the Red Carpet' prize at the glittering Gulf Connoisseur Awards ceremony, held at the Armani Hotel in Dubai. Bentley's new flagship car was chosen as the winner over the Maybach 57 and the Rolls Royce Phantom.

The world's tallest building, the 828m Burj Khalifa, just missed out on a prize of EUR 50,000 (US$70,500) for environmental innovation in the heart of a major global city. The International Highrise Award, handed out every two years by the German city of Frankfurt and DekaBank, saw Dubai’s most iconic structure shortlisted alongside the Aqua Tower in Chicago, Shanghai’s World Financial Center and the Gakuen Cocoon Tower in Tokyo.

It still might be the most familiar symbol of Dubai, but Burj (which translates as tower) Khalifa has grabbed attention lately as the tallest freestanding structure in the world, weighing in 828 metres with the world’s first Armani Hotel and a killer viewing platform on the 124th floor that includes high-tech viewing equipment to get a close-up of buildings miles away; something the CN Tower might want to try.