Saturday 23 August 2014
 
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Alabbar

Emaar aims to quadruple profits by 2018

Emaar Properties, Dubai's largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate's economy booms and the company's overseas business expands. The

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Emaar confirms new CEO appointment

Dubai's Emaar Properties has appointed a new chief executive, the major real estate developer said on Sunday, confirming a Reuters report from last week. Abdulla Lahej is the new CEO. He joined Emaar as an assistant project ma

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Alabbar eyes over 1km-tall tower

  Dubai developer Emaar's chairman Mohamed Alabbar is keen to build a tower that is more than one kilometre tall in Asia, according to a report.    He was quoted by Arabianbusiness.com as s

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Emaar net drops 4.7pc; but firm upbeat on future

  Emaar Properties, Dubai's biggest real estate developer and builder of the world's tallest tower, reported a 4.7 percent drop in third-quarter net profit, missing analyst estimates by a large margin, as a seasonal slowd

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Emaar raising $700m from banks

Dubai's Emaar Properties is in the process of raising around $700 million from banks, its chairman told local television on Monday.      Mohamed Alabbar said the real estate firm, around 30 percent owned by the

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Emaar chairman on global awards panel

Mohamed Alabbar, chairman of Dubai-based developer Emaar Properties, has been selected as one of only six members in the international awards committee of the Council on Tall Buildings and Urban Habitat (CTBUH). Alabbar is the first Middle

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Dubai 'will shed property oversupply in 20 months'

The chairman of Emaar Properties said on Monday Dubai's real estate sector had reached a bottom and expected the market to clear oversupply in a period of 20 months. Mohammed Alabbar also told a conference in Dubai he saw "great opportunit

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Dubai property demand 'will top supply'

Demand for real estate in Dubai is likely to outweigh supply this year despite the fallout of the global financial crisis, Emaar Properties chairman Mohamed Alabbar said in remarks published on Thursday. "According to the expectations of d

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New Dubai council to oversee key sectors

The recently-established Advisory Council of the Government of Dubai, a high-level economic advisory body, has been mandated to oversee key economic sectors. The council, under the supervision of Sheikh Mohammed Bin Rashid Al Maktoum, Vic

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'No Abu Dhabi offer for Dubai assets'

Dubai has recieved no offers for its major assets such as Nakheel Properties or Emirates airlines from Abu Dhabi or other parties, a Dubai government official said on Monday. "It is not true," Mohamed Alabbar, who is a member of Dubai's ex

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