The 5.5 million sq ft mixed-use development will include a total of 27 buildings.
The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.
The hotel, which will consist of 1,250 luxury rooms and suites, is scheduled to open by 2018 and will be located in the downtown area
The restructured loan is repayable over a period of seven years, the company said.
The government might not introduce any fees on off-plan property sales if the property market self corrects, an expert says.
Spread across 9.5 million square feet, La Mer will feature commercial, leisure, residential and hospitality components.
Nakheel’s current residential leasing portfolio comprises almost 17,000 units at across Dubai.
Dubai World is offering creditors a series of incentives to lengthen a $25 billion debt restructuring deal.
Tighter government regulations and an increasing mismatch between buyer and seller expectations have tempered growth in the residential market.
All the latest news from the region’s biggest property event taking place in Dubai.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
Called eZayed, the platform allows for physical and online bidding on real estate.
Major projects being developed by Dubai Holding and its units, Dubai Properties and Tecom Investment will be displayed during the upcoming property show.
The development will feature nine low-rise residential buildings including apartments and townhouses positioned in five clusters that are 250 metres long each.
Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).
The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.
Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.
The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.
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.
The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.
The growth in house prices however slowed to three per cent quarter-on-quarter in Q2.
The project features two residential towers connected by a podium and includes 280 units.
The recently launched Montrose project incudes two residential towers and one hotel tower.
The mega project, announced earlier this year, will house the world’s largest shopping mall.
The contract for infrastructure design and supervision services was given to Dar Al-Handasah.
Creditors of the company approved a plan to restructure debts worth around $2.7 billion last month.
Emaar plans to float at least 15 per cent of its shopping malls and retailing unit on Dubai’s main stock market and will list the shares in October.