Emaar, the Dubai-based property giant, has announced a competition that offers AED100 000 to a creative from the UAE whose design will be showcased on the façade of the Burj Khalifa, the tallest building in the world. This initiative aims to provide a platform for local artists, designers, and creatives to express their vision on...
Dubai’s property market reached an unprecedented milestone in April, with transaction values soaring to Dh62.1 billion. This figure represents a remarkable 94% increase compared to the same month last year, reflecting a surge in sales, particularly driven by higher-value transactions involving villas at Palm Jebel Ali and homes sold by Emaar at The Oasis. Demand...
Emaar has invested over US$1 billion to enhance Dubai’s global tourism appeal through landmark projects, community initiatives, and immersive experiences. This strategic investment underscores Emaar’s commitment to positioning Dubai as a premier international tourism destination. The company’s focus on innovation and community empowerment is set to significantly elevate Dubai’s reputation in the coming years. Mr....
Emaar Economic City has reported a staggering 348% surge in losses last year, primarily attributed to a decline in profits from residential real estate, industrial land, and commercial property sales. This information was highlighted in a report by Al-Eqtisadiah on March 27. The company’s net losses reached SAR1.1 billion ($293.3 million) during the period, a...