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Alabbar eyes over 1km-tall towerDubai 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 More… |
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Emaar net drops 4.7pc; but firm upbeat on futureEmaar 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 More… |
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Emaar raising $700m from banksDubai'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 More… |
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Emaar chairman on global awards panelMohamed 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 More… |
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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 More… |
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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 More… |
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New Dubai council to oversee key sectorsThe 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 More… |
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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 More… |
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Dubai debt service 'covered for 7 quarters'Dubai is fully covered to service its debt for the next seven quarters because its asset base far outrips its debts but is centralising the debt-management system, a member of the executive council said. "The Dubai government borrowings we More… |
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Create nationals for jobs says AlabbarThe Arab world should “create Nationals for jobs rather than create jobs for Nationals” by nurturing ambition, optimism and self-belief in young Arabs, said top UAE official. Mohamed Ali Alabbar, director general of the Department of Econo More… |
