Emaar Properties to start a new chapter in its growth story in 2009

Changed market situations also bring opportunities
Burj Dubai opening will be a significant milestone in 2009

Emaar Properties PJSC will start a new chapter in its growth story in 2009 by evolving strategies to face the challenges posed by the global financial crisis and exploring new opportunities, said the company chairman Mr Mohamed Alabbar.

Mr Alabbar said that while several challenges await the property sector in 2009, there are also an equal if not greater range of opportunities. “Emaar will face these challenges with confidence and we will focus our energies to adapt to the changing circumstances. Our strategy of business segmentation and geographic expansion has proven its effectiveness, and we will continue along this path.”

In 2009, Emaar will mark a significant milestone with the opening of Burj Dubai, the world’s tallest building. The company will also add two more properties to its Emaar Hospitality Group portfolio – The Address, Dubai Marina and The Address, Dubai Mall.

an-aerial-view-of-the-dubai-mall-nov-08Year 2008 was marked by two landmark achievements for Emaar Properties – the opening of The Dubai Mall, one of the world’s largest shopping and entertainment destinations; and The Address, Downtown Burj Dubai, the first hotel under Emaar’s own hotel brand, The Address Hotels + Resorts.

Emaar also strengthened its hospitality & leisure roster with the opening of the Dubai Marina Yacht Club, and its shopping mall business with the Dubai Marina Mall. The company further consolidated its geographic expansion, with new projects unveiled in Egypt, Morocco, Saudi Arabia, India and Indonesia.

The Dubai Mall, which opened in November, is one of the significant achievements of Emaar Properties in 2008.

You may like the following related posts
New Fine for Short Term Rentals in Dubai The popular practice of renting out your apartment in Dubai as a holiday home for a month or two, will is regulated in accordance to June 2014 rules, ...
How to Choose the Perfect Holiday Home in Dubai In recent years, to have a holiday home in Dubai is becoming a popular tendency amongst well-off Middle Easterners, Indians and North Africans. Many o...
Rent Increases Prompt UAE Companies to Revise Allowances The increasing rents in the UAE over the last year and half, and especially in Dubai, where both sales and lease prices jumped rapidly after it became...
Only in Dubai! Underwater Villas on Sale Known for its great architectural ambitions and achievements, through the past years Dubai's property developers announced various unusual projects th...
UAE Rents Ranked 4th Highest Worldwide Residents in Dubai constantly complain about the high rents they are paying and now there’s a proof they are right. A recently published Cost of Liv...
World’s Super-Wealthy Spent $3 Trillion on Luxury Residential Real Estate (adsbygoogle = window.adsbygoogle || []).push({}); The world’s wealthiest people now own residential property amounting to nearly $3 tr...

Leave a Reply

Your email address will not be published. Required fields are marked *