Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.
Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.
When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.
Luxury brand to follow Four Seasons on Jumeirah Beach Road
Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.
The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.
The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.
The growth in house prices however slowed to three per cent quarter-on-quarter in Q2.
The company plans to float its unit Emaar Malls Group (EMG) this month and subscriptions for the shares will open on Sept. 14.
The offer is rated Baa1 by Moody’s and A-plus by Fitch, and is expected to price on Wednesday.
Dubai-based hotelier says it is in talks with developer Meraas to operate the first VENU hotel in the Bluewaters Island development.
The revamped runways at Dubai International Airport are equipped with better technology that will help push up the number of arrivals an hour, an official said.
The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million.
The project features two residential towers connected by a podium and includes 280 units.
The new centre will coordinate innovation in government entities, the Dubai ruler said.
The recently launched Montrose project incudes two residential towers and one hotel tower.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
AstroLabs Dubai, which will be situated in Dubai Multi Commodities Centre Free Zone, is scheduled to open in 2015.
The expansion is expected to be the biggest airport project in the world and would take place in two phases over six to eight years.
Dangote’s current market capitalisation is about $23.7 billion, meaning ICD is taking a stake of about 1.3 per cent.
The mega project, announced earlier this year, will house the world’s largest shopping mall.
The cost of the Hassyan power plant, which is expected to come online by 2021, is anticipated to be more than $2 billion.
The first phase of the five theme park Dhs10 billion mega project is slated to open in 2016.
The company’s net profit amount for the whole of last year was Dhs3.3 billion.
The contract for infrastructure design and supervision services was given to Dar Al-Handasah.
Chester-based Stella operates five brands that provide travel services ranging from retail operations to call centres.