Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.
The Dubai-based developer has already tied up with high-end brands such as Fendi, Paramount and Versace.
Dubai’s Emaar chairman says trade is part of human DNA but risks can be minimised.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The development is Dubai-based Damac’s biggest project by size and scale so far.
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
The recent escalation of leasing and sales prices in the emirate is concerning, says report.
The value of real estate transactions in the emirate rose 63 per cent year-on-year in the first quarter of 2013.
A shortage of land in big cities has frustrated efforts to build half a million homes – a project ordered by King Abdullah in 2011.
Integrated Tourism Complex developments, such as Muscat Hills and The Wave, help to revive the Sultanate’s real estate market.
The new company will focus on large energy and power-related projects in the region.
Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.
King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years
Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
This is the Dubai-based developer’s fifth property project launch so far this year.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.
This is the developer’s fourth project launch so far this year.
Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
Malaysian construction firm MMC’s joint venture with Saudi Binladin Group was awarded the contract to develop the Jazan Economic City in 2006.
The developer will launch the sale of 188 townhouses in Mira this month.
Domestic tensions have been delaying work on Kuwait’s KD30 billion development plan
The Egyptian pound has lost about 14 per cent of its value because of unrest in the country.
The IPO plan is reportedly at an initial stage and it is not clear whether the listing will be in Dubai.