Redesign of Dubai Creek Tower

In a recent statement to Emirates News Agency, Emaar Properties‘ founder Mohamed Alabbar announced that the Dubai Creek Tower is currently in the process of being redesigned. The redesign comes after a competition was held, with several renowned international companies participating. Alabbar expressed his appreciation for UAE’s developed competitive economy and stable investment environment, attributing this success to the wise leadership in the country.

Emaar Properties Announces 45 Tower Deliveries in 2023

According to Alabbar, Emaar Properties plans to deliver 45 towers, including 15,000 apartments by 2023. This comes as part of the company’s continued growth and strong financial performance in the first half of the year, with revenues reaching AED12.3 billion and net profits growing by 15 percent to AED4.9 billion.

• Revenues reached AED12.3 billion
• Net profits grew by 15 percent to AED4.9 billion
• Delivering 45 towers, including 15,000 apartments by 2023

Long-term Expansion Plans for Emaar Properties

The Board of Directors of Emaar Properties has set long-term expansion plans ranging from 15 to 20 years, including the launch of new projects. Alabbar stated: “Noon is focused on growth and expansion in UAE, Saudi Arabia, Egypt and we are seriously considering offering and listing in future“. Noon, a leading e-commerce platform founded by Alabbar, has been instrumental in contributing to the growth of enterprises like Emaar Properties and has had a vibrant presence in the UAE.

Optimism About UAE’s Economic Prospects

Alabbar expressed optimism about the economic prospects of the UAE, citing the country’s positive growth rates and solid economic performance. He stated that these results have surpassed international estimates due to the wise policies implemented by the leadership. Alabbar said that this leadership has placed top priority on continuous improvement of the business environment with the goal of attracting investors of all sizes and activities.

Key Factors Contributing to UAE’s Economic Success:

• Continuous improvement of the business environment
• Attracting investors of all sizes and activities
• Wise policies implemented by the leadership
• Development of competitive economy and stable investment environment

Dubai Creek Tower: A Prominent Real Estate Investment in Dubai

With its current redesign process, the Dubai Creek Tower is set to become a significant real estate investment in Dubai. The tower will not only add value to the city’s skyline but also act as a testament to the growth and expansion of companies like Emaar Properties. As the founder of both Emaar Properties and Noon, Alabbar has played a crucial role in driving the growth of the UAE’s economy and creating a robust yet dynamic business environment for investors from around the world. In conclusion, the redesign and eventual completion of the Dubai Creek Tower, alongside Emaar Properties’ planned delivery of 45 towers and new ventures within the next few years, are testaments to the company’s commitment to growth and development within the real estate sector in Dubai. This process, guided by wise leadership and supported by a well-developed and stable investment environment, positions the UAE as a top destination for investors in various fields.

In an interview with the Emirates News Agency, Mohammed Al Abbar, founder of “Emaar Properties,” mentioned the latest developments in the “Dubai Creek” Tower, saying: The tower is currently in the process of being redesigned by one of the international companies after it was selected in a competition that included several international companies, and we are striving during the 7 We will spend the next 8 months developing a new idea for the project, and we hope that construction operations will begin within a year from now.

He added that the Board of Directors is currently studying foreign opportunities and expansion after the success achieved over the past 28 years, noting that the UAE is the most important market for the company, in addition to our presence in Egypt, India, and Turkey, as well as some small projects in countries such as Jordan, Lebanon, Morocco, and Pakistan.

He explained that “Emaar International” recorded real estate sales worth 1.2 billion dirhams and revenues of about 1.3 billion dirhams during the first half of this year, driven by its operations in Egypt and India, especially with the high level of sales and deliveries after the end of the repercussions of the “Covid-19” pandemic.

Regarding Emaar Hospitality’s plans for expansion and growth, Al Abbar said that the company is opening between 3 to 4 hotels annually after careful study of the target countries and locations, as well as the expected returns from these hotels, indicating that the company already has a strong hotel portfolio in the Emirates and many other countries. It is expected that Emaar Hospitality will continue to achieve good growth in light of the deliberate expansion.

He expressed his optimism about the prospects of the real estate market in the UAE during the coming period, adding: “The real estate market in the UAE will witness further growth and still bodes well.” Mohamed Alabbar, founder of the e-commerce platform “Noon,” said that the board of directors and shareholders of “Noon” do not currently have a plan to offer shares and list them on the financial markets, indicating that the board of directors will seriously consider the listing process in the future, especially since the Arab region is in need of a company. E-commerce listed on the stock market.

Al-Abbar expressed his optimistic expectations regarding the growth prospects of the national economy in the coming years, noting that the achieved figures confirm the solidity of economic performance and its achievement of positive growth rates that exceeded the estimates of international institutions thanks to the wise policies of the wise leadership.

العبار: إعادة إطلاق برج الخور

أشار محمد العبار مؤسس “إعمار العقارية” في حديث لوكالة الأنباء الإماراتية عن آخر التطورات في برج “خور دبي”، قائلا: إن البرج حالياً في مرحلة إعادة التصميم من قبل إحدى الشركات العالمية بعد اختيارها ضمن منافسة ضمت عدة شركات عالمية، ونسعى خلال الـ 7 إلى 8 أشهر القادمة إلى بلورة فكرة جديدة حول المشروع، ونأمل أن تبدأ عمليات البناء خلال عام من الآن.

وأضاف أن مجلس الإدارة يدرس حالياً الفرص والتوسعات الخارجية بعد النجاح المحقق على المدار 28 سنة الماضية، مشيراً إلى أن الإمارات هي السوق الأهم للشركة إلى جانب تواجدنا في مصر والهند وتركيا وكذلك بعض المشروعات الصغيرة في دول مثل الأردن، ولبنان، والمغرب، وباكستان.

وأوضح أن “إعمار الدولية” سجلت مبيعات عقارية بقيمة 1.2 مليار درهم وعائدات بنحو 1.3 مليار درهم خلال النصف الأول من العام الجاري، مدفوعة بعملياتها في مصر والهند لا سيما مع ارتفاع مستوى المبيعات والتسليمات بعد انتهاء تداعيات جائحة “كوفيد -19”.

وحول خطط “إعمار للضيافة” للتوسع والنمو، قال العبار إن الشركة تقوم بافتتاح ما بين 3 إلى 4 فنادق سنوياً بعد دراسة متأنية للبلدان المستهدفة والمواقع وكذلك المردود المتوقع من هذه الفنادق، مشيراً إلى أن الشركة تمتلك بالفعل محفظة فندقية قوية في الإمارات والعديد من الدول الأخرى، متوقعاً أن تواصل “إعمار للضيافة” تحقيق نمو جيد في ظل التوسع المدروس.

وأعرب عن تفاؤله حيال آفاق سوق العقارات في دولة الإمارات خلال الفترة القادمة، مضيفا: ” أن السوق العقاري في دولة الإمارات سيشهد مزيداً من النمو ولا يزال يبشر بالخير”. وقال محمد العبار، مؤسس منصة التجارة الإلكترونية “نون”، إن مجلس إدارة ومساهمي “نون” ليس لديهم خطة حالياً لطرح الأسهم وإدراجها في أسواق المال، مشيراً إلى أن مجلس الإدارة سينظر بجدية في المستقبل لعملية الإدراج لا سيما وأن المنطقة العربية في حاجة إلى شركة تجارة إلكترونية مُدرجة في سوق الأوراق المالية.

وأعرب العبار عن توقعاته المتفائلة حيال آفاق النمو للاقتصاد الوطني خلال السنوات القادمة، مشيراً إلى أن الأرقام المحققة تؤكد متانة الأداء الاقتصادي، وتحقيقه نسب نمو إيجابية تجاوزت تقديرات المؤسسات الدولية بفضل السياسات الحكيمة للقيادة الرشيدة

FAQ for Dubai Creek Tower Real Estate Investment in Dubai