Category: Business Segments

Full-year revenue grows 33% to AED 13.661 billion (US$ 3.719 billion)Recurring revenue from shopping malls & retail and hospitality & leisure businesses in 2015 records 8% increase to AED 5.788 billion (US$ 1.576 billion)Net operating profit for Q4 2015 was AED 1.335 billion (US$ 363 million), 58% higher than Q3 2015 and 28% higher than Q4 2014Total sales value of residential units in 2015 at AED 15.28 billion (US$ 4.16 billion)
Dubai, UAE; February 10, 2016: Global developer Emaar Properties PJSC recorded full-year 2015 net operating profit of AED 4.383 billion (US$ 1.193 billion), 18 per cent higher than the FY2014 net operating profit of AED 3.724 billion (US$1.014 billion).

Emaar achieved full-year 2015 revenue of AED 13.661 billion (US$ 3.719 billion). This is 33 per cent higher than FY2014 revenues of AED 10.301 billion (US$ 2.805 billion).

The shopping malls & retail and hospitality & leisure businesses recorded recurring revenues of AED 5.788 billion (US$ 1.576 billion), 42 per cent of the total revenue. This is 8 per cent higher than the FY2014 revenue from the two businesses at AED 5.367 billion (US$ 1.461 billion).

Revenue from international operations of Emaar, which has an impressive footprint across the Middle East, North Africa, South Asia and USA increased by 46 per cent to AED 2.620 billion (US$ 713 million) compared to AED 1.791 billion (US$ 488 million) in FY2014. Emaar’s international operations now account for 19 per cent of the total revenue.

Emaar’s net operating profit for the final quarter (October to December) 2015 was AED 1.335 billion (US$ 363 million), 58 per cent higher than the third-quarter (July to September) 2015 figures of AED 843 million (US$ 230 million) and 28 per cent higher than same period last year. Revenue for Q4 2015 was AED 3.812 billion (US$ 1.038 billion), 15 per cent more than the Q3 2015 revenue of AED 3.329 billion (US$ 906 million) and 58 per cent higher than same period last year.

Mohamed Alabbar, Chairman of Emaar Properties, said that the positive growth is underpinned by Emaar’s strategy of creating long-term value for its stakeholders by developing premium real estate assets and strengthening its shopping malls & hospitality businesses which provide a recurring revenue stream that supports the company’s sustainable growth plan.

“Our businesses benefited from the positive performance of Dubai’s economy with the core sectors of retail, hospitality, tourism and aviation setting impressive milestones in 2015. We will continue to support the goals of Dubai Plan 2021 announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President & Prime Minister and Ruler of Dubai, to establish Dubai as the preferred place to live, work and visit. The expansion of our flagship Downtown Dubai, which will see the opening of Dubai Opera this year, and our joint venture mega-developments such as Dubai Creek Harbour and Dubai Hills Estate, will further contribute to the smart and sustainable urban infrastructure of the city.”

“Our diversified development approach and the emphasis we place on world-class project management enable us to address market challenges efficiently. Through resource use optimisation and by focusing on maximising efficiency across all our operations, we will continue to build on our growth during 2016,” added Mr. Alabbar.

Strong property sales

During 2015, demand for residential property in Dubai has been strong with total sales at AED 10.23 billion (US$ 2.79 billion). Sales across various international markets during the same period were valued at AED 5.05 billion (US$ 1.37 billion).

Emaar Misr, the Egyptian subsidiary of Emaar Properties, which is listed on The Egyptian Exchange, achieved an increase of 22 per cent in year-on-year sales in 2015 to EGP 8.644 billion (US$ 1.108 billion).

To date, Emaar has handed over more than 40,000 residential units in Dubai and other international markets. Of these, to date, over 33,600 units were handed over in Dubai.

Through 2015, Emaar marked the launch of several prestigious projects in Dubai including Dubai Creek Residences, Creekside 18 and Harbour Views within Dubai Creek Harbour, a 6 sq km ultra-modern development located along the historic creek and near the Dubai International Airport. With spectacular views of the Dubai Creek, the Ras Al Khor Wildlife Sanctuary and the Downtown Dubai skyline, the development is anchored by The Island District with a 4.5 km boardwalk, a vibrant retail and leisure precinct, and a new iconic structure.

Recently approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the development will also feature ‘The Tower’, envisioned as another landmark and tourist attraction in the UAE. Inspired by Islamic architecture and meeting requirements of modern times, as well as local environment and culture, the iconic structure is designed by Santiago Calatrava Valls, renowned Spanish/Swiss architect, structural engineer, sculptor and painter. The Tower is planned as an architectural wonder that will be as great as Burj Khalifa and Eiffel Tower. Construction on The Tower will start in the coming months.

A joint venture between Emaar and Meraas Holding, the approximately 2,700 acre Dubai Hills Estate is another innovative development, envisaged as Dubai’s first ‘green city’ with homes set amidst leafy emerald avenues and green corridors. Dubai Hills Estate’s elegantly designed neighborhoods are set around an 18-hole championship golf course.

The ongoing projects of Emaar in Dubai, in various stages of progress, include: The Address Boulevard Dubai; The Address Fountain Views I, II and III; The Address Sky View; Vida Residences Downtown Dubai; BLVD Crescent; BLVD Heights; Boulevard Point; Burj Vista and Downtown Views – all in Downtown Dubai.

Emaar is also developing Opera Grand, Forte and The Address Residences Dubai Opera, premium collections of residences in The Opera District of Downtown Dubai, which is anchored by Dubai Opera, an iconic centerpiece set to open later this year.

Emaar’s development pipeline in Dubai also includes Aseel, Lila, Palma, Rosa, Rasha, Samara, Azalea and Yasmin homes in Arabian Ranches; The Hills and Vida Residences The Hills in Emirates Living; Acacia at Park Heights, Mulberry at Park Heights and Maple – in Dubai Hills Estate.

Growth in recurring revenues

The hospitality & leisure business recorded FY2015 revenues of AED 1.677 billion (US$ 457 million). Hospitality revenues now account for 12 per cent of the total revenue of Emaar.

Emaar’s flagship hotel brands, The Address Hotels + Resorts and Vida Hotels and Resorts recorded strong occupancy levels in 2015, reflecting the increase in tourist arrivals to Dubai last year. The average annual occupancy at The Address Hotels + Resorts was 86 per cent, higher than the industry average.

Emaar will roll out the first hotel under the new Rove Hotels brand in the coming months. Developed as a joint venture with Meraas Holding, Rove is a contemporary mid-market lifestyle hotel brand. Emaar currently has over 2,660 keys under the Rove brand in various stages of development to support the ongoing preparation for Expo 2020 Dubai.

The Address Hotels + Resorts and Vida Hotels and Resorts have also signed management contracts to operate hotels and serviced residences in high-growth international markets such as Egypt, Turkey, Nigeria and Bahrain.

With approximately 6 million sq ft of gross leasable area, Emaar Malls (DFM: EMAARMALLS), the shopping malls & retail business majority-owned by Emaar Properties, posted a net profit of AED 1.656 billion (US$ 451 million) for FY2015. This is 23 per cent higher than the FY2014 net profit of AED 1.351 billion (US$ 368 million).

Emaar Mall’s FY2015 revenues recorded a growth of 11 per cent to AED 2.992 billion (US$ 815 million), compared to AED 2.694 billion (US$ 733 million) in FY2014. Visitor arrivals across all Emaar Malls assets crossed the landmark 124 million in 2015, an increase of 9 per cent compared to 2014.

Emaar has strong fundamentals with a land bank of approximately 195 million sq m in Dubai and international markets.

An all-encompassing loyalty programme designed by Emaar Hospitality Group in association with Emaar EntertainmentU By Emaar brings together various hotels, restaurants and entertainment attractions of the companyOpen for individuals above 18 years of age, U By Emaar rewards members Upoints for loyaltyUpoints unlock unlimited possibilities across the breadth of Emaar’s hospitality and entertainment attractionsGuests can enroll at www.ubyemaar.com for free access to the programme
Global developer Emaar Properties has unveiled, ‘U By Emaar,’ a unique, customer-focused rewards programme that brings added value for their guests across the breadth of hotels, restaurants and entertainment attractions under the company.

U By Emaar is designed by Emaar Hospitality Group in association with Emaar Entertainment. The distinctively rewarding programme is open for individuals over 18 years from anywhere in the world. Members are rewarded with Upoints, the currency of U By Emaar when they stay, dine or enjoy any entertainment experience offered by Emaar’s diverse participating portfolio of choices.

One Upoint is earned for every one dirham of eligible spend at participating hotels and restaurants, and for every two dirhams of eligible spend at participating entertainment attractions. Ten Upoints are equivalent to one dirham when redeeming Upoints.

Enrolling in U By Emaar is effortless. Guests can enroll online or directly through any of the assets of Emaar Hospitality Group or Emaar Entertainment or the dedicated online portal https://www.ubyemaar.com. Signing up is simple and means that members can start to earn Upoints at participating venues on hotel stays, dining out or entertainment experiences instantly.

Upoints can be redeemed at Emaar outlets with no blackout dates. Subject to terms and conditions, residents of serviced residences of The Address Hotels + Resorts can also benefit from the U By Emaar membership rewards programme.

The participating hotel brands in the U By Emaar programme include all properties under The Address Hotels + Resorts, Vida Hotels and Resorts, and its distinctive portfolio of Emaar Leisure Clubs. U By Emaar is also applicable on dining at any of Emaar Hospitality Group’s restaurants, lounges or Lifestyle Dining assets at The Address Hotels + Resorts, Vida Hotels and Resorts, Arabian Ranches Golf Club, Dubai Polo & Equestrian Club and Dubai Marina Yacht Club. The participating entertainment attractions include all Reel Cinemas, KidZania®, SEGA Republic, Dubai Ice Rink, Dubai Aquarium & Underwater Zoo and Njoi.

Khalid Dalil, Head of Customer Relationship Management at Emaar Properties, said: “U By Emaar is our thank you gesture to the valued patrons of our hospitality assets and entertainment attractions that are today among the most sought-after in the city. An innovative rewards programme, it assures incredible benefits to our guests. With U By Emaar, we are creating a distinct experience that combines our hotels and entertainment attractions that will strengthen guest loyalty and also drive our business growth.”

Chris Newman, Corporate Director of Operations at Emaar Hospitality Group, said: “U By Emaar is the only loyalty programme in the market today that combines stays, dining and entertainment attractions. It means whether you are a frequent visitor or a resident, you will be recognised and rewarded at all participating hotels under The Address Hotels + Resorts and Vida Hotels and Resorts as well as our restaurants, leisure clubs and entertainment attractions. The programme highlights our commitment to delivering tangible value to our guests through a hassle-free rewards programme.”

Maitha Al Dossari, Chief Executive Officer of Emaar Entertainment, said: “Our fast-growing portfolio of leisure attractions is extremely popular with Dubai residents and visitors. The U By Emaar loyalty programme will further enhance the popularity of these attractions by making it simple for our repeat guests to enrol, earn and redeem for unbeatable rewards.”

Members across all tiers can redeem their Upoints at Emaar’s participating hotels, dining and entertainment attractions. They may also use Upoints and cash to match the price of the lifestyle experience they seek. A minimum balance of 10,000 Upoints is required to start redeeming for stays at hotels while only 2,000 Upoints are needed to start redeeming for dining experiences and just 1,000 Upoints to redeem at entertainment attractions.

Emaar currently offers the loyalty programme in four tiers: Black for up to 9,999 Upoints; Silver for 10,000 to 24,999 Upoints; Gold for 25,000 to 59,999 Upoints and Platinum for 60,000 Upoints and above.

Silver, Gold and Platinum members also benefit from a wide range of benefits such as late hotel checkout at 4pm, while Gold and Platinum members receive complimentary buffet breakfast while staying at The Address Hotels + Resorts and Vida Hotels and Resorts. Gold members can further benefit from 10 percent off on food and beverage bills and spa treatments, while Platinum members receive 20 percent off in addition to 10 percent off on membership fees at participating leisure clubs, to name a few.

A call-centre operates from 9am to 9pm, seven days a week, and can be reached on 800 LOYALTY for UAE calls or +9714 567 2000 for international calls. Alternatively, members can email: customerservice@ubyemaar.com or visit the website: https://www.ubyemaar.com for more information.

Follow on: Twitter https://twitter.com/ubyemaar; Facebook https://www.facebook.com/ubyemaar

The Sharjah Investment and Development Authority (Shurooq) has signed a partnership agreement with Emaar Properties and Eagle Hills, an Abu Dhabi-based property developer, to establish a new real estate company in Sharjah called Omran Properties. The aim of the partnership is to boost joint cooperation between the three parties and expand economic investments in the emirate.

The MoU was signed by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), and HE Mohammed Al Abbar, Chairman of Emaar Properties and Board member of Eagle Hills, on behalf of Emaar and Eagle Hills developers at Al Qasba in Sharjah. Through the agreement, Omran Properties will develop and manage the real estate sector in the emirate and beyond, as well as provide management and maintenance services to projects that concern all parties.

The agreement follows the three parties’ intention to strengthen inter-cooperation and exchange expertise in the field of property investment and to further develop it in the emirate of Sharjah and the UAE as a whole. Under the agreement, Shurooq acquires 34% of the company’s capital, while Emaar and Eagle Hills acquire 33% each.

The agreement aims to strengthen cooperation in the area of investment, support commercial, industrial and real estate projects in Sharjah. It also aims to set up companies that might help achieve the goals of Omran Properties, as well as share investment information that encourages development of the emirate’s economy. The two parties will offer all the support needed to promote investment in the emirate or abroad.

Sheikha Bodour Al Qasimi expressed her happiness at the signing of the agreement to establish Omran Properties. She said, “The agreement falls within Shurooq’s commitment to strengthen cooperation between corporates and organisations in the UAE, widen channels of investment in the emirate’s vital sectors, and apply the best practices pertaining to economic development and advancing vital facilities in Sharjah.”

She said: “We will seek through the new company to solidify relations based on trust and help develop and grow investments in the UAE, and Sharjah in particular, capitalizing on Emaar’s exceptional experience in property development and management of shopping malls, retail trade, and the hospitality and leisure industry.

Sheikha Bodour said that Sharjah’s economic sector is witnessing remarkable growth and further development thanks to the vision and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.

She said, “His Highness Sheikh Dr Sultan Al Qasimi has instructed authorities to keep updating the comprehensive development strategy, and support investors and provide them with the needed facilities, as well as to persify the emirate’s sources of income to boost its economic resilience.”

The agreement will help all partners to achieve more as it acts as a starting point for mutually beneficial cooperation in launching new and high-end projects that serve economic and investment persity in the emirate and the UAE.

As per the agreement, the headquarters of Omran Properties will be based in Sharjah, with a possibility of further offices being set up in the region. The company will carry out investment business directly or through any of its subsidiaries or other related companies. The company’s activities will involve development and ownership of investments in the real estate sector, providing management and maintenance services, as well as the use and investment of corporate funds in a manner deemed appropriate.

HE Mohammad Al Abbar, said, “The emirate of Sharjah has made significant achievements and progress in persifying its economic resources, which is reflected in the investments in seaports, free zones and industrial sectors. Shurooq’s methods are in-line with the wise vision and guidance of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, towards economic persification. Shurooq has a powerful portfolio of investments that play a crucial role in advancing economic growth. The joint venture between Shurooq, Emaar and Eagle Hills is an example of the constructive public-private partnerships that can achieve economic growth. We are confident that investments and projects undertaken by ‘ Omran ‘ will have a good impact on increasing the performance of key development sectors in Sharjah, and enhancing the emirate’s economic competitiveness.”

Ahmed Al Matroushi, Managing Director of Emaar, said: “We would like to express our deepest thanks and appreciation to Shurooq for their confidence in the ability of Emaar to implement high-end real estate projects that bring added value to the national economy. Omran Properties aims to promote the persification of investment channels and the development of real estate projects that make the most of Emaar’s global expertise and capabilities in this area.”

He added: “There is no doubt that the innovative projects that will be launched by the new company will attract significant investment within vital sectors, including real estate development, shopping malls and hospitality, which would result in providing new job opportunities while supporting the small and medium-sized companies in Sharjah, and the UAE in general. ”

The Sharjah Investment and Development Authority (Shurooq) is the driving force behind the transformation of Sharjah into an investment, tourist and business destination. Shurooq also works dedicatedly to evaluate and follow-up on tourism, investment, and heritage-related infrastructure projects, as well as to contribute to the comprehensive development in the emirate. It provides facilities related to investment activity in collaboration with other bodies and organisations through the setting up of a comprehensive information centre that highlights investment opportunities in the emirate of Sharjah.

The Sharjah Investment and Development Authority (Shurooq) has signed a partnership agreement with Emaar Properties and Eagle Hills, an Abu Dhabi-based property developer, to establish a new real estate company in Sharjah called Omran Properties. The aim of the partnership is to boost joint cooperation between the three parties and expand economic investments in the emirate.

The MoU was signed by Sheikha Bodour bint Sultan Al Qasimi, Chairperson of Sharjah Investment and Development Authority (Shurooq), and HE Mohammed Al Abbar, Chairman of Emaar Properties and Board member of Eagle Hills, on behalf of Emaar and Eagle Hills developers at Al Qasba in Sharjah. Through the agreement, Omran Properties will develop and manage the real estate sector in the emirate and beyond, as well as provide management and maintenance services to projects that concern all parties.

The agreement follows the three parties’ intention to strengthen inter-cooperation and exchange expertise in the field of property investment and to further develop it in the emirate of Sharjah and the UAE as a whole. Under the agreement, Shurooq acquires 34% of the company’s capital, while Emaar and Eagle Hills acquire 33% each.

The agreement aims to strengthen cooperation in the area of investment, support commercial, industrial and real estate projects in Sharjah. It also aims to set up companies that might help achieve the goals of Omran Properties, as well as share investment information that encourages development of the emirate’s economy. The two parties will offer all the support needed to promote investment in the emirate or abroad.

Sheikha Bodour Al Qasimi expressed her happiness at the signing of the agreement to establish Omran Properties. She said, “The agreement falls within Shurooq’s commitment to strengthen cooperation between corporates and organisations in the UAE, widen channels of investment in the emirate’s vital sectors, and apply the best practices pertaining to economic development and advancing vital facilities in Sharjah.”

She said: “We will seek through the new company to solidify relations based on trust and help develop and grow investments in the UAE, and Sharjah in particular, capitalizing on Emaar’s exceptional experience in property development and management of shopping malls, retail trade, and the hospitality and leisure industry.

Sheikha Bodour said that Sharjah’s economic sector is witnessing remarkable growth and further development thanks to the vision and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah.

She said, “His Highness Sheikh Dr Sultan Al Qasimi has instructed authorities to keep updating the comprehensive development strategy, and support investors and provide them with the needed facilities, as well as to persify the emirate’s sources of income to boost its economic resilience.”

The agreement will help all partners to achieve more as it acts as a starting point for mutually beneficial cooperation in launching new and high-end projects that serve economic and investment persity in the emirate and the UAE.

As per the agreement, the headquarters of Omran Properties will be based in Sharjah, with a possibility of further offices being set up in the region. The company will carry out investment business directly or through any of its subsidiaries or other related companies. The company’s activities will involve development and ownership of investments in the real estate sector, providing management and maintenance services, as well as the use and investment of corporate funds in a manner deemed appropriate.

HE Mohammad Al Abbar, said, “The emirate of Sharjah has made significant achievements and progress in persifying its economic resources, which is reflected in the investments in seaports, free zones and industrial sectors. Shurooq’s methods are in-line with the wise vision and guidance of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, towards economic persification. Shurooq has a powerful portfolio of investments that play a crucial role in advancing economic growth. The joint venture between Shurooq, Emaar and Eagle Hills is an example of the constructive public-private partnerships that can achieve economic growth. We are confident that investments and projects undertaken by ‘ Omran ‘ will have a good impact on increasing the performance of key development sectors in Sharjah, and enhancing the emirate’s economic competitiveness.”

Ahmed Al Matroushi, Managing Director of Emaar, said: “We would like to express our deepest thanks and appreciation to Shurooq for their confidence in the ability of Emaar to implement high-end real estate projects that bring added value to the national economy. Omran Properties aims to promote the persification of investment channels and the development of real estate projects that make the most of Emaar’s global expertise and capabilities in this area.”

He added: “There is no doubt that the innovative projects that will be launched by the new company will attract significant investment within vital sectors, including real estate development, shopping malls and hospitality, which would result in providing new job opportunities while supporting the small and medium-sized companies in Sharjah, and the UAE in general. ”

The Sharjah Investment and Development Authority (Shurooq) is the driving force behind the transformation of Sharjah into an investment, tourist and business destination. Shurooq also works dedicatedly to evaluate and follow-up on tourism, investment, and heritage-related infrastructure projects, as well as to contribute to the comprehensive development in the emirate. It provides facilities related to investment activity in collaboration with other bodies and organisations through the setting up of a comprehensive information centre that highlights investment opportunities in the emirate of Sharjah.

Burj Khalifa, the world’s tallest building by global developer Emaar Properties, marked its sixth anniversary by releasing its first dedicated postage stamp. The commemorative stamp, launched in partnership with Emirates Post, depicts Burj Khalifa rising majestically above Downtown Dubai at sunset in all its resplendent glory.

Ahmad Al Falasi, Executive Director – Group Operations, Emaar Properties, said: “Burj Khalifa is a global icon and the pride of our nation. One of the world’s most visited tourist attractions, it is also a compelling testament to the can-do ability of Dubai and the city’s focus on promoting global partnerships. An architectural marvel that pushes the boundaries of engineering and construction, Burj Khalifa has become one of the most photographed monuments in the past six years. The launch of the commemorative stamp is a fitting tribute to the vision behind Burj Khalifa and the years of hard work by thousands of professionals around the world that went into building it.”

Fahad Al Hosani, Acting CEO of Emirates Post Group, said: “Emirates Post Group is delighted to issue stamps on Burj Khalifa, which is a symbol of pride and the pinnacle of international achievement for the UAE. For six years Burj Khalifa has been in the international spotlight and we are very happy to commemorate the 6th anniversary of its opening through these beautiful stamps.”

Ibrahim Bin Karam, Chief Commercial Officer of Emirates Post Group, added: “It gives us great pleasure to release these special stamps on the sixth anniversary of Burj Khalifa. Emirates Post Group always goes the extra mile to support projects that bring glory and prestige to the UAE. These stamps will help promote Burj Khalifa and the UAE in all corners of the globe.”

The stamp now officially released will also be on sale at the retail kiosks at At the Top, Burj Khalifa, the observation deck. They have been issued in denomination of AED 3, along with a souvenir sheet and first day cover.

A ‘post office corner’ will also be introduced to At the Top, Burj Khalifa SKY world’s highest observation deck. Here, visitors can send friends and family the special souvenir post card, with the official stamp, from ‘Burj Khalifa Heights’.

The At the Top, Burj Khalifa journey includes two experiences: Visitors can experience At the Top, Burj Khalifa SKY tours, which cover both Level 125 and Level 148 and features an outdoor terrace and premium lounge, while At the Top, Burj Khalifa takes them to the observation deck on Level 124.

At 828 metres (2,716.5 ft), the 200 plus storey Burj Khalifa has 160 habitable levels, the most of any building in the world. The building holds four Guinness World Records; the Tallest Building, the Tallest Man-made Structure on Land Ever, the ‘Highest Observation Deck’ for ‘At the Top’ and Highest Restaurant from Ground Level for At.mosphere. At the Top, Burj Khalifa, has been voted as the ‘Best Attraction in the World 2015.’*

Burj Khalifa is one of Top 3 tourist attractions globally for taking selfies, just behind after Eiffel Tower in Paris and Disneyland, Florida, and ahead of Empire State Building in New York City and London’s Big Ben.**

For more information, please visit: www.burjkhalifa.ae

Two tower development, 51 storeys high, is the tallest residential development in the Island DistrictSpectacular direct views of the Dubai Creek, Ras Al Khor natural bird sanctuary and Downtown Dubai skyline with Burj KhalifaResidences centrally located next to a world-class retail and lifestyle district, and a new iconic structure to be unveiled shortlyFeatures limited collection of two-storey villas with dedicated entrance and podium apartmentsSales to commence on January 23 in Dubai, New Delhi and Karachi, and on January 24 in Mumbai
Global developer Emaar Properties is kicking off 2016 with the local and international sales launch of the opulent ‘Harbour Views’ residences in The Island District, a vibrant lifestyle hub in Dubai Creek Harbour, a 6 sq km integrated development set by the historic Dubai Creek. The launch will be held in Dubai, New Delhi and Karachi on January 23, and in Mumbai on January 24, 2016.

A two-tower development with a three-level podium, Harbour Views will be the tallest residential project of its kind in the Island District and is defined by its central unmatched location within this vibrant area and its unparalleled views.

All homes open to premium views of the Dubai Creek, a stylish marina with a yacht club, the adjacent Ras Al Khor natural bird sanctuary and the impressive skyline of Downtown Dubai highlighted by Burj Khalifa. Protected under the UNESCO Ramsar Convention, the Ras Al Khor Wildlife Sanctuary is a biologically perse wetland reserve and home to over 67 species of water birds. Harbour Views will also have views to a central iconic project, the details of which will be announced shortly.

A bustling 4.5-km Creek Boardwalk envelopes the Island District, thus assuring residents an unbeatable lifestyle choice. Among the nearby amenities are event spaces, galleries, fascinating water features and a trendy Vida hotel that all add to the quality of life.

Set by a verdant park, Harbour Views has more than 750 one-, two- and three-bedroom luxury residences and a select showcase of spacious podium apartments. Additionally, there are 14 two-storey villas with a dedicated entrance, stairway and parking.

The penthouse duplex homes offer dual views of the city skyline as well as the upcoming central iconic development. Harbour Views residences also offer uninterrupted vistas of the elegantly crafted bridges that connect the Island District with the overall development.

Three times the size of Downtown Dubai, Dubai Creek Harbour combines city living with the natural contours of the creek and is located in close proximity to the Dubai International Airport. The Island District, where Harbour Views is anchored, is billed to be one of Dubai’s key tourism attractions offering a stunning yacht club, world-class marina and harbour, hotels, high-end retail and other leisure choices.

Ahmad Al Matrooshi, Managing Director of Emaar Properties, said: “Harbour Views is among the most prestigious residential projects in Dubai Creek Harbour that underlines our commitment to develop next generation smart neighbourhoods. As the tallest residential project in the Island District, it stands apart with its unbeatable views and central location. Celebrating the marina lifestyle, Harbour Views homes are ideal for connoisseurs who cherish a relaxed way of life in the heart of the city with all modern amenities in walking distance.”

An architectural work of art, Harbour Views is classic in its expression. It uses lightly coloured materials and glass to blend with the surroundings. Energy-efficient and environment-friendly, Harbour Views reflect the meticulous planning and creative vision that are hallmarks of any Emaar development.

The lifestyle amenities for residents include a fully equipped gymnasium, swimming pools, and ground-level retail and F&B outlets defined by a boulevard lifestyle experience. There will be dedicated entrances with separate concierge lobbies.

The thoughtful layout of the homes assures comfortable living and dining spaces with spacious and relaxing bedrooms. The interiors take advantage of the views and light to enhance a luxurious lifestyle. Cream coloured tiled floors run through the apartments, setting a neutral background to receive subdued patterns and colours of waterfront living.

Residents are also assured of effortless connectivity with an integrated and sustainable transport system including tram links across the entire development.

The sales event will be on a first-come, first-served basis on January 23 from 10am at the Dubai Creek Harbour Sales Centre in Dubai, which is open for customers to gain a first-hand experience of the spectacular views from the development. They can also visit The Pavilion in Downtown Dubai to make bookings.

The sales event in New Delhi will be held at The Oberoi and in Karachi at the Emaar Sales Centre from 10am on January 23; and on January 24 in Mumbai at The St. Regis from 10am.

For more details, please contact +9714 366 1688 (International) or 800 36227 (UAE), or email Sales_Enquiry@emaar.ae. Log on to www.emaar.com for regular construction updates.

Construction contract of the prestigious project awarded to ABMSix waterfront residential towers of 30 to 40 storeys will form part of The Island District with a 4.5 km boardwalk offering F&B and leisure choicesDubai Creek Residences is located in close proximity to a vibrant retail and lifestyle district anchored by a new upcoming iconic landmarkHomes open to spellbinding views of Dubai Creek, Ras Al Khor natural bird sanctuary and Burj Khalifa skyline at Downtown Dubai
Global developer Emaar Properties has awarded the construction contract for its prestigious Dubai Creek Residences project in Dubai Creek Harbour to Al Basti & Muktha LLC (ABM), a leading Dubai-based construction firm with a proven track-record in world-class projects including the picturesque Old Town District of Downtown Dubai.

Dubai Creek Residences comprises a complex of six residential towers that form part of The Island District, a vibrant lifestyle hub in Dubai Creek Harbour, a one-of-its-kind 6 square kilometre modern development. Located along the historic creek near the Dubai International Airport, the master-planned community is three times the size of Downtown Dubai.

Scheduled for handover in 2018, Dubai Creek Residences is located in the heart of the city and in close proximity to an upcoming bustling retail and lifestyle district that will be highlighted by a future iconic development. The Island District, where Dubai Creek Residences is anchored, will have over 1,000 guestrooms of world-class hospitality and over 600 luxury retail shops and cultural amenities.

The residents step out to a vibrant 4.5 km creek boardwalk that completely envelopes The Island District with an array of retail, dining, leisure and entertainment choices. The Vida Hotel, a young and trendy destination for the new generation of travellers, offers residents hospitality, F&B and spa amenities. With yachts moored along the Island District’s marina, residents will be able to enjoy fine dining, entertainment and event spaces, galleries and water features. Easy and direct access to the stylish marina and yacht club will offer different modes of maritime transport.

The six 30 to 40-storey residential towers with one-, two- and three-bedroom apartments in Dubai Creek Residences have been launched to strong investor response. The residences are sought-after for the spectacular views they offer of the creek, the Downtown Dubai skyline highlighted by Burj Khalifa and the mangroves of the Ras Al Khor Wildlife Sanctuary. Protected under the UNESCO Ramsar Convention, the Ras Al Khor Wildlife Sanctuary is a biologically diverse wetland reserve and home to over 67 species of water birds.

Ahmad Al Matrooshi, Managing Director of Emaar Properties, said: “Dubai Creek Residences forms the first residential complex in Dubai Creek Harbour and brings an unmatched value proposition for investors and end-use home-owners. Defined by their spectacular location, the six towers assure an active, marina-centred lifestyle choice for residents, right in the heart of the city. With the construction contract awarded to ABM, we are underlining our commitment to deliver the homes as per schedule in 2018.”

Tushar Pathak, Chairman of ABM, said: “Dubai Creek Residences is one of the milestone projects that we are undertaking and we are firmly committed to execute it as per schedule. The project brings a new architectural and construction referral point to Dubai with its exotic location by the Dubai creek and its design as part of The Island District. We will construct the project as per Emaar’s high specifications using the latest technological know-how and ensuring the highest quality finishes.”

Dubai Creek Residences homes are superbly-crafted and bring a new aesthetic dimension by drawing inspiration from the picturesque environment. Ranging from 900 to over 2,150 sq. ft., the homes are spaciously laid out with architectural features carefully planned to maximise natural light and fantastic views.

Dubai Creek Harbour offers residents an array of cultural amenities, educational facilities, healthcare centres and a wide range of leisure choices, in addition to a dedicated retail precinct offering high-end brands. All the key components of this world-class development are designed as inter-connected districts, around waterfronts and green boulevards.

For more details, please contact +9714 366 1688 (International) or 800 36227 (UAE), or email Sales_Enquiry@emaar.ae. Log on to www.emaar.com for regular construction updates.

DUTCO team already on site working round-the-clock; cleaning work started; mechanical, electrical and structural assessment underwayEmaar to coordinate with all government entities to expedite workDUTCO Group are the contractors of The Dubai Mall as well as its ongoing expansion
In line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to expedite the reopening of The Address Downtown Dubai using the best-in-class design, quality and technology, Emaar Properties has appointed DUTCO Group as the contractor for undertaking the clearing, assessment and restoration work in record time.

DUTCO Group has a proven track record in mega-developments having earlier been assigned the task of building The Dubai Mall, the world’s largest mall by Emaar. The company is also currently undertaking the expansion work of The Dubai Mall.

A team of international consultants has already been mobilised by DUTCO Group, who are now on site and working round-the-clock. Cleaning work has started with the mechanical, electrical and structural assessment of the building and restoration also underway.

Emaar is coordinating with the concerned government entities including the Dubai Police, Dubai Civil Defence, Dubai Municipality and Dubai Electricity and Water Authority, among others, to expedite the work.

Mohamed Alabbar, Chairman of Emaar Properties, said: “We are committed to expediting the reopening of the hotel in line with the directives of HH Sheikh Mohammed bin Rashid Al Maktoum. We are demonstrating the can-do ability of Dubai with our focus on opening the hotel in record time using the best in design, quality and technology.

“The Address Downtown Dubai is our first hotel project and it has set international benchmarks with its excellent hospitality standards. We will restore the project to its glory and even surpass its grandeur that befits the prestige of the city and Downtown Dubai. We are working with all Dubai government entities to expedite the construction work.”

As soon as clearing and assessment work is completed, construction will commence as per a tightly scheduled calendar with a focus on the highest standards of quality. “To achieve our timelines, we will leverage all our resources and our proven track-record of delivering iconic projects. Every aspect of the workflow will be clearly streamlined and we will deploy the latest technology tools to ensure that we meet our timeframe,” said Mr. Alabbar.

The details of the work including the timelines and plans will be revealed in due course.

DUTCO Group has been engaged in several major civil works projects such as the Arrivals Terminal and the Dubai Airwing Facilities at Dubai International Airport, among other hotel, residential and commercial projects.

The company is accredited under ISO 9000, ISO 14001 & OHSAS 18001 and was awarded the Dubai Quality Award in 1996. It has also won the Mohammed Bin Rashid Al Maktoum Business Award in the construction category.

Dubai has once again demonstrated its inherent strength and positivity with the swift, professional, calm and caring response to the fire incident at The Address Downtown Dubai hotel.

We are extremely thankful to the leadership and guidance of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, for keeping our morale high, and for his prompt directives that enabled us to deal with a challenging situation with utmost professionalism.

Within minutes of the incident, Dubai Civil Defence, Dubai Police, Dubai Ambulance Services, the RTA, Dubai Heath Authority and all the governmental authorities concerned, coordinated and responded with maximum efficiency.

Our immediate priority was ensuring the safety of our guests and colleagues, and we evacuated all of them safely in record time in a most orderly fashion. The authorities also ensured the safety of the hundreds of thousands of visitors to Downtown Dubai.

All our guests and residents have been relocated across various Emaar and other hotels in the city. We have set up a dedicated team from different departments of Emaar to ensure that all requirements of our guests are being met immediately. We thank our guests for their understanding and patience.

We also extend our gratitude to the management teams and staff of various hotels in Dubai, who stepped forward unconditionally to support us in relocating our guests. This is a true testament to how Dubai operates as ‘one team.’

We are thankful to Major General Khamis Mattar Al Mazeina, Dubai Police Chief; Major General Rashid Thani Al Matroushi, Director General of Dubai Civil Defence and the heads, first officers and staff members of all the Dubai government entities who demonstrated their superb commitment and dedication. We especially thank the Dubai Civil Defence officials for their exceptional bravery and hard work.

The teams across Dubai government entities are the true heroes. Their noble work gives Dubai’s people and the business community the sense of security, comfort and confidence.

Emaar is proud of them and we underline our commitment to do even more for these committed men and women. I believe that it is our responsibility to give back to them for being with us.

We are also thankful to the various Embassy and Consulate officials in the UAE and Dubai for their support to us in facilitating the travel and documentation process for our guests. The authorities and staff at the General Directorate of Residency and Foreign Affairs, Dubai International Airport, Emirates Airline and other airline companies were quick to extend support to our guests, and we are grateful to them for their kind consideration and care in ensuring the well-being of our guests.

I would also like thank my team at The Address Downtown Dubai and other Emaar hotels for their commitment and for putting the interests of the guests first and foremost. The team at Emaar Hospitality Group and Emaar’s various business divisions are working closely together and strive tirelessly to ensure that the concerns of our guests are efficiently addressed. We have set up a taskforce with a dedicated team and operations room to serve our guests.

We also extend our heartfelt appreciation and debt of gratitude to the people of Dubai, especially the visitors to Downtown Dubai, for their patience and trust in us. Their orderly conduct demonstrated their confidence in Dubai’s officials to meeting any challenge calmly.

We develop our projects to the highest standards of quality and as per international best practices. The hotel is the flagship project of The Address Hotels + Resorts. It is a global landmark that has welcomed guests from all over the world.

It has set world-class benchmarks in the hospitality industry, and we are determined to restore it to all its glory, and even surpass the splendid architectural standards. Further timelines and plans will be shared as they are finalised.

We are thankful that all our guests are safe and secure, and that we have overcome the challenge with the support of all the government entities and the people of the UAE.

We derive new learnings from such events, which reinforce our resilience to be a company that is committed to add to the prestige and reputation of Dubai and create long-term value to all our stakeholders.”