Lands & Properties

• Revenue of malls and hospitality increased by 25%; account for 58% of the company’s total revenue
• Unveils ‘Dubai Modern Art Museum & Opera House District’ in Downtown Dubai
• Announces expansion of The Dubai Mall by over 1 million sq ft

Dubai, UAE; April 28, 2012: Marked by the increased sales of properties in Dubai, delivery of homes in Egypt and strong recurring revenues from the shopping malls and hospitality businesses, Emaar Properties PJSC announced today its financial results for the three months ended March 31, 2012.

•    Follows strong international customer response at UAE roadshows and underlines commitment of the company to delivery

Dubai, UAE; April 26, 2012: Emaar Morocco, the wholly-owned country subsidiary of Emaar Properties PJSC, has commenced the hand-over of the exclusive Hattan Villas in its flagship master-planned community, Amelkis Resorts, in Marrakech. This follows the strong investor and customer response from Morocco, Europe and the international roadshow organized by the company in Dubai and Abu Dhabi, in the UAE, in March.

Located in the heart of the Marrakech Palm Grove, Amelkis Resorts is spread over a total area of over 3 million sq m, and features a 36-hole golf course, one of the most challenging in the country, designed by Cabell B. Robinson. Offering residents the choice of tranquil living within a green golf environment, the Hattan community has only 55 villas designed by renowned architects, several of which are now being handed over.

Al Hamra Tower Transforms Tenant Experience and Sets New Building Development Standards with Cisco Smart+Connected Real Estate

KUWAIT CITY, Kuwait –13th March, 2012: Cisco announced today that Cisco® Smart+Connected Real Estate solutions  have been selected by the Al Hamra Real Estate Company to provide Al Hamra Tower, an iconic landmark that is set to be the tallest sculpted tower built and one of the tallest skyscrapers in the world, with the foundation infrastructure to provide its tenants with innovative and reliable information and communications technology (ICT) services. 

Cisco is working closely with Kuwait Digital Computer Company (KDCC), a Cisco Gold Certified Partner, to sell, deploy and implement the solution. KDCC will also provide advice and guidance to assist the Al Hamra Real Estate to select and define technology-enabled value-added services for the Al Hamra Tower development.

Bahrain, March 13, 2012 – Investcorp, a leading global provider and manager of alternative investment products, announced today that its US-based real estate arm has acquired a portfolio of mixed-use commercial real estate properties in the Northern San Francisco Bay Area that demonstrates the firm’s continued selective approach and focus on high-yielding assets.

In the largest transaction closed in the North Bay area so far this year, Investcorp acquired the properties for approximately $65 million.  The predominately Class A portfolio comprises 14 buildings, including a mix of office, industrial, and retail properties concentrated in Petaluma, also known as Telecom Valley, totaling 840,637 square feet.  The properties are currently occupied by a diverse group of tenants. The greater San Francisco Bay Area is consistently ranked by institutional real estate investors as one of the top areas for investment within the United States.

•    Only 18 luxurious villas set in vast premises of 17,000 to 27,000 sq ft
•    Offer customers the opportunity to customise the interiors to their individual tastes and preferences
•    Choice of three types of homes designed in elegant Spanish architectural style
•    All homes overlook the swaying grass dunes of the Arabian Ranches Golf Course

Dubai, UAE; March 5, 2012: Emaar Properties PJSC, the global property developer of iconic projects, has launched the sale of the spectacularly designed and premium Golf Homes, set in the heart of the rolling green fairways of the Arabian Ranches Golf Course.

Dubai, Tuesday, February 21, 2012:  The Gulf office of Capital Trust Group (CTG), based in Dubai,  announced today the acquisition of commercial real estate of about $100 million in value spread among four city-centre locations in the United Kingdom. 

While the Group continues its search for investment properties in the UAE, it has acquired four office buildings in Leeds, Cardiff, Southampton and Birmingham. All properties are single-let to grade A tenants with leases ranging from 11 to 15 years.

The Group Chairman, Bassam Aburdene, commented that “UK real estate continues to be an important part of our clients’ portfolios, mainly for the security and predictability of its income stream and the liquidity which makes the acquisition and disposal process straight-forward and investor friendly”.

December 10, 2011

Inspired by the ‘Union’ values of the UAE, TASWEEK Real Estate Marketing and Development, a leading property advisor and solutions provider, is teaming up with Asset Allocation Advisors (AAA), a member of the Khalid Al Hamed Group, to develop hotels and resorts in prime tourism and business hubs across Southeast Asia and other key regions of interest to Gulf investors.

Abu Dhabi, 26 November 2011 // Sorouh Real Estate Company PJSC (“the Company” or “Sorouh”), the Abu Dhabi-based real estate developer (ADX: SOROUH), has announced a new rent promotion which entitles tenants of Sun tower who sign their lease agreements during December 2011 to the option of either 10% cash back or a period of six weeks rent-free.