Tag: Press Release

Dubai, UAE; October 30, 2018:With prices starting at AED 999,888 for a three-bedroom residence, a monthly payment plan over five years and the fast-growing demand for homes near the Expo 2020 Dubai site, the Al Maktoum international Airport and an 18-hole championship golf course, Emaar has launched the ‘Expo Golf Villas’ that stand to bring high potential yield for investors.

Expo Golf Villas also stand out for their location by the Emaar South boulevard, a bustling hub of lifestyle and leisure activities, and featuring retail and F&B outlets. The neighbourhood is also near two green parks and a community centre.

The homes will appeal to professionals working in the various business hubs in Dubai South including the Aviation District, Logistics District, Business Park, Exhibition District and Humanitarian District.

Sporting a modern architecture that assures the privacy of residents, Expo Golf Villas offer premium views of green parks and immaculate landscaping. The homes are thoughtfully designed with balconies to maximise the views, while the internal finishes are in neutral tones.

The amenities include an outdoor pool, lawn, kids play area, and shaded parking in addition to the neighbourhood community centre featuring a gym and serving as a hub for social interactions.

FOR DETAILSON EXPO GOLF VILLAS, VISIT THE EMAAR SOUTH SALES CENTRE ON THE DWC PERIPHERAL ROAD IN DUBAI SOUTH;THEEMAAR SALES CENTRES IN DOWNTOWN DUBAI; THE DUBAI CREEK HARBOUR SALES CENTRE IN RAS AL KHOR; THEDUBAI HILLS ESTATE SALES PAVILION LOCATED ON UMM SUQEIM ROAD; AND THE ABU DHABI SALES CENTRE ON THE GROUND FLOOR OF AL NAHDA TOWER ON 4TH STREET, AL MUROOR ROAD. THE CENTRES ARE OPEN FROM SATURDAY TO THURSDAY, 9.30AM TO 7PM, AND ON FRIDAYS FROM 2 TO 7PM AT THE EMAAR SALES CENTRE IN DOWNTOWN DUBAI ONLY. ALTERNATIVELY, CALL 800 36227 (UAE) OR +9714 3661688 (INTERNATIONAL); OR EMAIL: Sales_Enquiry@emaar.ae.

• 10^thCelebrations under the key themes of ‘10 Years of Entertainment, Fashion, Shopping and Giving’ 
• 10 Years of Entertainment marked by ‘Talisman’, a mesmerising sound and light spectacular hosted nightly in star atrium
• 10 Years of Fashion highlighted by ‘Vogue Loves Fashion Avenue’, a 10-day event that will mark the grand opening of Fashion Avenue
• 10 Years of Shopping with a memorable spend and win for 3 apartments from Emaar Properties plus daily chances to win AED 10,000 in Emaar Gift Cards   
• 10 Years of Giving underpinned by the ‘Wishing Tower’, which will grant wishes to mall visitors every day
• Plus, daily surprise & delight moments for guests, Diwali entertainment, a United Nations photography exhibition and countless events, activations and promotions from over 100 participating brands and retailers

Dubai, UAE; October 24, 2018:The Dubai Mall is 10 years young and the world’s most-visited retail and lifestyle destination is marking the milestone with a month-long extravaganza from November 4-28. From luxury fashion showcases to spectacular entertainment, plus a host of incredible prizes to win including three apartments from Emaar Properties, The Dubai Mall 10 Year Celebrations are billed to be the must-attend event of the year.

Emaar Malls’ flagship, The Dubai Mall has set the illustrious record of welcoming more than 80 million annual visitors for the past four years – making it the most popular and visited lifestyle destination in the world. Over the past decade, The Dubai Mall has brought tremendous value for the nation, creating over 10,000 jobs and becoming a catalyst for growth for the retail, F&B and leisure sectors.

As the preferred retail destination for the 2.5 billion people in the catchment area of just four hours flying distance from the city, The Dubai Mall has been a driver of inbound tourism as Dubai’s most popular attraction, drawing 97% of visitors according to the DTCM Annual Visitor Report 2017. Today, the UAE and Dubai’s reputation as the world’s fourth most popular tourist destination is strengthened by The Dubai Mall’s ability to attract visitors from across the world, notably high net worth individuals from China and Europe, and the wider Middle East, Africa, South Asia and Southeast Asia.

Mohamed Alabbar, Chairman of Emaar Properties and Board Member of Emaar Malls, said: “The economic impact of The Dubai Mall to the UAE’s economy has been wide-ranging. Transforming not just the retail sector but also creating new referral points in leisure, entertainment and hospitality, the mall has also played a defining role in positioning Dubai as a global fashion capital.”

“Ever since its opening in November 2008 and the grand inauguration in May 2009, The Dubai Mall has continuously redefined the shopping and leisure experience for visitors, introducing innovative concepts, hosting celebrities, and serving as the destination of choice for families to come together and celebrate life. We have evolved with time, integrated digital technology into our operational backbone, and above all, made every visit to the mall a joyous occasion for all.”

Patrick Bousquet-Chavanne, CEO of Emaar Malls, added: “No mall, anywhere in the world, has contributed so much to a community, as The Dubai Mall has in just ten years. The record annual visitor footfall, robust sales and steadfast appeal as a family leisure destination highlight the industry standards that the mall has set. The remarkable contribution of The Dubai Mall owes to the trust and confidence of our local and international shoppers, our retail partners and our teams who have worked together tirelessly to ensure that The Dubai Mall is and remains worthy of the nation’s pride. Ten years is a short period – we are excited for the next ten and beyond, we will continue to build on our success and to position The Dubai Mall as the jewel in the crown of Premium Global Retail for generations to come.”

The Dubai Mall recently expanded its Fashion Avenue, welcoming an additional 150 luxury brands including Middle East flagships and first-time concepts within an exceptional, 5-star setting. Future expansion plans include the Zabeel extension and the Fountain Views retail offer.

With over 1,300 retail and food & beverage outlets, many of them brand new or exclusive concepts, The Dubai Mall has become a destination for food lovers. In time for the 10 years celebration a stellar line-up of entertainment choices has been upgraded to include the recently launched Reel Cinemas Platinum Suites, Dolby Cinema™, the Region’s first fully immersive MX4D Theatre and Guy Fieri’s Dine-in cinema and Kitchen restaurant concepts.

The Dubai Mall 10 Year Celebrations

A veritable showcase of events and in-mall activities will mark The Dubai Mall 10Year Celebrations from November 4-28.

• 10 Years of Entertainment:The highlight of the ‘Entertainment’ showcase is a mesmerising sound and light show presented by Lune Rouge, the new live entertainment company created by visionary entrepreneur, Guy Laliberté, Founder of Cirque du Soleil. Entitled,‘Talisman’, this stunning visual experience showcases video, lighting, lasers and special effects to create and immersive multimedia experience that will play nightly at Star Atrium
• 10 Years of Fashion:More than 40 fashion brands will be holding events and activations during the celebrations. In addition, from November 15-24, The Dubai Mall presents ‘Vogue Loves Fashion Avenue’, a 10-day event inspired by the world’s fashion capitals in an experiential celebration of iconic cities and brands. A partnership between The Dubai Mall and Vogue Arabia, the event will feature four immersive zones in Fashion Avenue where guests can experience dynamic installations, photo moments and ambient programming. Details and dates for the events, talks and activations will be available on www.thedubaimall.com/TDM10in the coming days.
• 10 Years of Shopping:Indulge in the best of retail as shoppers stand the chance to win the ultimate prize, a luxurious new apartment from Emaar Properties. There are three homes up for grabs, with a winner announced every Friday night during the Talismanshow, in addition to daily prizes of AED 10,000 in Emaar Gift Cards. Furthermore, surprises await members of the Emaar Malls Rewards Programme during the month.
• 10 Years of Giving: Daily wishes and surprises will delight shoppers and fans throughout the 10^thCelebrations. In the spirit of giving, The Dubai Mall will launch a ‘Wishing Tower’, which invites visitors to make a wish via social media, for the chance to have them come true. In addition, a roaming Birthday Squad from The Dubai Mall will be surprising visitors with random acts of kindness with paid-for meals and other dining experiences.

November’s notable occasions will take on a new dimension on this 10^thAnniversary, including Diwali, which will be celebrated with a unique floating art installation called ‘Voyage’ by Aether & Hemera from November 1 to December 2. Enjoyed from the waterfront promenade, guests can interact with this artwork using their mobile phones to change patterns and colours to create a magical, photo-perfect landscape.  Live performances by Bollywood dancers will launch Diwali festivities.

To mark UAE Flag Day, The Dubai Mall has commissioned a special artwork of the UAE Flag, on display from November 1 -11 near the Grand Atrium. At 180m in length, the installation serves as a prominent reminder of the nation’s past, present and future. Finally, United Nations together with Hamdan Bin Mohammed Bin Rashid Al Maktoum International Photography Awards (HIPA), will be hosting an arresting photography exhibition titled ‘People on the Move’ from October 24 – November 20.

Throughout the 10 Year Celebrations, The Dubai Mall retailers will be showcasing special offers, exclusive products, unexpected events and in-store activations. This will complete the exciting programme of happenings across the entire mall.

For more information, visit www.thedubaimall.comor call 800 DUBAI MALL (800 38224 6255)

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Dubai, UAE; October 17, 2018: The General Meeting of Emaar Development (DFM: EMAARDEV), the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC (DFM: EMAAR), approved the distribution of AED 1.04 billion (US$ 283.15 million), representing 26 per cent of the share capital being 26 fils per share, as special cash dividend to the company’s shareholders. The special dividend was approved just as the company marks a year of its successful listing on the Dubai Financial Market.

The flagship developer of the UAE, Emaar Development has an impressive portfolio of 10 world-class destinations. These include the wholly-owned mega-developments such as Downtown Dubai, Arabian Ranches, Dubai Marina and Emirates Living; joint venture projects including Dubai Hills Estate, Emaar South and Zabeel Square; and a joint development project – Dubai Creek Harbour, the 6 square kilometre mega-development by the historic creek, anchored by the new global icon, Dubai Creek Tower. Another key development is Emaar Beachfront, a 10 million square feet of Miami style destination offering exclusive access to residents to a private beach and uninterrupted views of the Arabian Sea, The Palm Jumeirah, Dubai Marina and the Dubai skyline.

The company reported a net profit of AED 1.82 billion (US$ 496 million) during the first six months (January to June) of 2018 and revenue of AED 6.99 billion (US$ 1.90 billion), led by the on-schedule progress in construction and timely project delivery. Emaar Development reported total sales of AED 6.23 billion (US$ 1.70 billion) during H1 2018. Emaar now has a total sales backlog of over AED 38.50 billion (US$ 10.48 billion), majority of which will be recognised as revenue over the next three to four years.

Emaar Development has launched the sale of over 3,600 residential units across its mega developments in Dubai during the first half of the year, and now has a development pipeline of over 60 residential projects in the UAE with over 28,000 units. Construction is progressing as per schedule for handover of the first waterfront homes in Dubai Creek Harbour next year. New construction milestones have been achieved for the delivery of homes in Dubai Hills Estate, Emaar South, Emaar Beachfront and Downtown Dubai too.

Emaar Properties celebrated the UAE Flag Day to honour the nation, its leadership and the people, and to underline the spirit of togetherness that binds the country, enabling it to mark impressive achievements. At a ceremony held in Downtown Dubai, Emaar’s senior management team and employees joined to hoist the UAE National Flag, a symbol of the nation’s pride and strength.

The UAE Flag Day was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, in 2013 to commemorate the accession of His Highness Sheikh Khalifa bin Zayed Al Nahyan as President of the nation.

EMAAR JOINED GOVERNMENTAL ENTITIES, PRIVATE SECTOR ENTITIES AND EDUCATIONAL INSTITUTIONS ACROSS THE NATION IN PLEDGING ALLEGIANCE TO THE NATIONAL FLAG, A SYMBOL OF UNITY, PATRIOTISM AND LOYALTY TO THE COUNTRY.

Dubai, UAE; October 18, 2018:The competitive price of premium residential real estate in Dubai is underpinned by the huge potential for growth by the city – which in turn means stronger appreciation and returns on investment – as Dubai continues to record sustained growth led by its firm economic fundamentals.

In particular, Downtown Dubai’s price offers the most competitive value for investors seeking short- to long-term secure real estate investment in prime locations. Even with its iconic attractions and superior infrastructure, the average price in Downtown Dubai is only US$550 (AED 2,020) per square foot.

In comparison, the average price property prices* in other key cities are significantly higher. Hong Kong leads the list at US$11,000 per square foot, followed by Tokyo (US$7,600), London (US$5,300), Paris (US$4,400), Moscow (US$4,250), New York City (US$4,100), and Shanghai (US$2,125), among others.

As a gateway city of the world, the Dubai International Airport welcomed over 43 million visitors in the first half of 2018 and more than 88.2 million in 2017 – making it the world’s number one airport for international passengers. The world’s fourth most visited destination, Dubai, with a population of over 3 million, also hosted over 15.8 million overnight tourists in 2017, a growth of over 6.2% compared to 2016, and over 10.44 million as of end-August this year.

Investor appetite for premium real estate in Dubai’s central locations such as Downtown Dubai, Dubai Marina, Dubai Creek Harbour, Dubai Hills Estate, and Emaar Beachfront, has spiked in recent months, led by strong demand from high net worth international investors who are seeking strong returns in a safe investment environment.

Despite the increase in demand, the city offers the most competitive residential real estate rates compared to global cities, as well as significantly high returns on investment. For instance, compared to the prime yield of 3.6% in New York*, Dubai promises residential real estate yield of 7.5% – making it one of the most secure cities for value gains through property investment. The prime yields in other key cities globally are: Beijing (6.2%), Boston (4.1%), Brussels (4.5%), Chicago (5.3%), Frankfurt (3.3%), Hong Kong (2.7%), London (3.5%), and Los Angeles (4.3%), and Madrid (3.8%).

Competitive prices and strong yields matched by world-class design, astonishing lifestyle amenities and a central location are key drivers for regional and international investors in Dubai’s property sector – particularly integrated lifestyle developments.

Downtown Dubai is already a vibrant destination and a must-visit in the itinerary of every visitor with icons such as Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera. Downtown Dubai has the distinguished track-record of being the world’s most-visited leisure and lifestyle destination with The Dubai Mall welcoming over 80 million visitors annually in the past four years.

• Camelia features a dedicated neighbourhood park with swimming pools, kids play area and more

Dubai, UAE; October 16, 2018: Emaar Development (DFM: EMAARDEV) has launched the new Camelia townhouses in Arabian Ranches in Dubai. An elegantly designed gated community, Camelia townhouses are ideal for families and for investors seeking long-term returns. A part of Arabian Ranches II, Camelia townhouses are located near the access points to the established community, which has set standards in quality, design and family ambience.

Camelia townhouses have its own dedicated neighbourhood park with swimming pools for adults and children, kids’ play area, changing room and traditional green-lined sikka corridors. Nearby are community parks, barbeque areas, tennis and basketball courts, a retail centre, school and mosque.

Residents are also walking distance of a leisure centre, and indoor fitness centre, and have easy access to the Arabian Ranches Golf Club and Dubai Polo & Equestrian Club and Spa. Several F&B outlets, lakes, two Town Centres and nurseries are part of Arabian Ranches, adding to the convenience of the residents.

Camelia townhouses are available in three and four-bedrooms with spacious balconies and backyard garden. With a simple façade, clean lines and large windows, the homes are thoughtfully laid out while the interiors are elegant in neutral light tones. Each residence also has two parking bays, ideal for families. The price for a 3-bedroom townhouse starts at AED 1.45 million.”

For details on Camelia, visit the Emaar Sales Centres in Downtown Dubai; Dubai Creek Harbour Sales Centre in Ras Al Khor; Dubai Hills Estate Sales Pavilion located on Umm Suqeim Road; Emaar South Sales Centre on the DWC Peripheral Road in Dubai South; and the Abu Dhabi Sales Centre on the ground floor of Al Nahda Tower on 4th Street, Al Muroor Road. The centres are open from Saturday to Thursday, 9.30am to 7pm, and on Fridays from 2 to 7pm at the Emaar Sales Centre in Downtown Dubai only. Alternatively, call 800 36227 (UAE) or +9714 3661688 (International); or email: Sales_Enquiry@emaar.ae.

Emaar offers long-term investors and homebuyers the opportunity to register for the Emaar Preferred Access programme, at www.emaar.com. More information is also available through the ‘Online Sales Centre’ feature on Emaar’s e-Services App that can be downloaded on iPads and iPhones.

• The new ‘Creek Beach’ district brings a seaside retreat to the heart of the city

• With vibrant boardwalk, parks, F&B outlets, sand bar mounds, and low to mid-rise residences

• Residents will have access to the Dubai Creek Tower, Creek Marina, Dubai Square, Ras Al Khor Wildlife Sanctuary and a dedicated metro station, among others

• Sale of the first residential offering, ‘Breeze’, commences on October 13 at a special launch event at Dubai Creek Harbour Sales Pavilion

Dubai, UAE; October 11, 2018: The Creek Beach district is Dubai’s first-of-its-kind urban beach in the middle of Dubai Creek Harbour, ‘The World of Tomorrow’. Featuring a rich array of lifestyle amenities, this new neighbourhood assures a unique lifestyle with all community landmarks within walking distance.

Creek Beach stands out for its pedestrian-friendly environment with a modern twist on ‘old town’ homes. The district also offers effortless connectivity to the wider city through a dedicated metro station and an efficient road network.

‘Breeze’ marks the first residential offering in the district with private beach access, a vibrant boardwalk, infinity pool, sand bar mounds, and much more. Breeze residences assure strong returns on investment for investors, at competitive price points compared to global cities for similar premium residences.

Most of the 1, 2 and 3-bedroom residences overlook the courtyard and the green plazas, while the 4-bedroom penthouses offer direct views of the waterfront canal. Amenities include two neighbourhood plazas, a private swimming pool, a town centre with retail and F&B offering, a waterfront VIDA Hotel, a gym within a private courtyard, outdoor play areas, barbeque areas, lawns and a shared community room.”

The new Breeze homes will be launched on October 13, 2018 with a special launch event for customers at Dubai Creek Harbour Sales Pavilion in Ras Al Khor from 11am to 8pm.

For sales and enquiries, customers can visit the Dubai Creek Harbour Sales Pavilion in Ras Al Khor, Emaar Sales Centre at Downtown Dubai, Dubai Hills Estate Sales Pavilion on Umm Suqeim Road, Emaar South Sales Centre, and the Emaar Sales Centre in Abu Dhabi at the Al Nahda Tower on 4th Street, Corniche. The centres are open from Saturday to Thursday, 9.30am to 7pm, and on Fridays from 2pm to 7pm at the Emaar Sales Centre in Downtown Dubai only. For more information, call 800 36227 (UAE) or +9714 3661688 (International); or email: Sales_Enquiry@emaar.ae. Also, visit the online sales centre at www.emaar.com

Emaar is gearing up for yet another spectacular New Year’s Eve celebration that will feature several amazing new elements in addition to spectacular fireworks, returning this year by popular demand.

The New Year’s Eve Gala in Downtown Dubai will be highlighted by festivities across Burj Khalifa, the global icon, and scintillating water-music performances at The Dubai Fountain.

The show is coordinated and produced by a team of world-class experts. Governmental entities and the Events Security Committee are supporting the event to offer a seamless experience for visitors. Special viewing platforms will be set up across Downtown Dubai and further information will be released closer to the date.

The event will be broadcasted live on televisions globally and beamed on big screens in Downtown Dubai. The experience can be watched online at www.mydubainewyear.com.

• What: Emaar’s New Year’s Eve Gala at Downtown Dubai
• When: December 31, 2018
• Where: Downtown Dubai

• MONTHLY INSTALMENTS ARE AS LOW AS AED 2,500 FOR INVESTMENT IN PROPERTY WORTH AED 2.5 MILLION AND LESS THAN AED 1,000 PER MONTH FOR AN AED 1 MILLION INVESTMENT.
• INVESTORS AND END-USERS CAN BENEFIT FROM 25-YEAR FINANCING WITH ZERO PER CENT FINANCING COST FOR THE FIRST FIVE YEARS
• POTENTIAL TO EARN MORE THAN 10% RETURN ON INVESTMENT
• ZERO LOAN PROCESSING AND PROPERTY VALUATION FEES AND ZERO DUBAI LAND DEPARTMENT REGISTRATION FEES
Dubai, UAE; October 10, 2018: Emaar Development, the global developer, today announced its partnership with Dubai Islamic Bank, the UAE’s largest Islamic Bank, to provide an exclusive and value-added home finance programme for Emaar’s customers. Assuring exceptional value for investors, the home financing is the most attractive and unheard of in the market today for its affordability and potential to earn greater than 10% return on investment.

Amit Jain, Group CEO of Emaar Properties and Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, were present amongst other senior officials of both entities at the signing ceremony in Dubai.
With the new home financing solution, owning a home Emaar’s world-class residences in elegantly designed master-planned communities, is more affordable than ever before. Among several benefits, customers can benefit from extended 25-year financing, with zero per cent financing cost for the first five years. Investors and end-users will benefit from the lowest margin throughout the home-finance tenure at 3-month EIBOR plus 1 per cent fixed margin for life. They also benefit from zero processing fee, zero valuation fee and zero Dubai Land Department registration fee.

Furthermore, customers only have to pay 50 per cent of the total price during the construction stage with the rest to be paid only in up to 25 years. With the attractive offer by Dubai Islamic Bank, customers will only have to pay installments as low as AED 2,500 per month when they invest in a property valued at AED 2.5 million, and just about AED 1000 per month for a property priced AED 1 million for the first five years.

The monthly instalments are less than 40 per cent of the rent that many people pay today for similar units, ensuring that they can effortlessly shift from rental homes to an owned-home lifestyle, in Emaar’s prestigious communities in Dubai. For end users, the monthly home finance payment will be reduced by to at least 60% of their monthly rental for a comparable property during the first five years. Bader Hareb, CEO, Emaar Development said: “The partnership with Dubai Islamic Bank for home finance is truly unprecedented in the value it offers to customers. Large monthly instalments were holding back many aspirant customers from investing in property; now with the extremely low payment schedule, they can own a dream home in Dubai effortlessly and enjoy a superior lifestyle. At Emaar, we are committed to delivering added-value for our customers, and with this offer, they can benefit from the significant returns on their investments in an Emaar home in Dubai.”

“Emaar has been the pioneer in the development of elegant master-planned communities in Dubai over the years,” said Dr. Adnan Chilwan, Group CEO DIB. “With DIB being the largest home finance provider in the country, our exclusive home finance programme for Emaar’s customers offers some of the most attractive home finance solutions in the market today. Convenience, flexibility and value remain our top priorities as we aim to enable and facilitate home ownership in Emaar’s communities for the populous across the nation. Knowing what our customers want and tailoring and customizing products and offerings around their needs has been a key focus over the years, and this new home finance initiative with Emaar is another step that will help us as DIB maintain the edge in the sector.”

Customers can choose their dream home from an extensive portfolio of developments including Downtown Dubai, a most sought-after destination by investors underlined by icons such as Burj Khalifa, The Dubai Mall, The Dubai Fountain and Dubai Opera. Dubai Creek Harbour is another one-of-its-kind modern master-planned destination located along the historic Dubai Creek in the heart of the city, and anchored by the new global icon, Dubai Creek Tower, and featuring Dubai Square, the retail metropolis of the future.

Emaar is also offering a choice of homes across mega-developments such as Dubai Hills Estate, a vast and serene golf course neighbourhood in the heart of the city; Emaar South, a green community located near the Expo 2020 Dubai site and the Al Maktoum International Airport and Arabian Ranches, an established villa community.

For details on Emaar’s residential offering, customers can visit the Emaar Sales Centre at Downtown Dubai, Dubai Creek Harbour Sales Pavilion in Ras Al Khor, Dubai Hills Estate Sales Pavilion on Umm Suqeim Road, Emaar South Sales Centre, and the Emaar Sales Centre in Abu Dhabi at the Al Nahda Tower on 4th Street, Corniche. The centres are open from Saturday to Thursday, 9.30am to 7pm, and on Fridays from 2pm to 7pm at the Emaar Sales Centre in Downtown Dubai only. For more information, call 800 36227 (UAE) or +9714 3661688 (International); or email: Sales_Enquiry@emaar.ae. Also, visit the online sales centre at www.emaar.com