Emaar Properties records revenue of AED 5,429 million (US$ 1,478 million) in first nine months of 2009

Dubai, UAE; October 22, 2009: Emaar PropertiesEmaar PropertiesEmaar Properties
Emaar Group

PJSC, the Dubai-based global property developer, has recorded revenues of AED 5,429 million (US$ 1,478 million) in the first nine months of 2009, led by its strategy of strengthening customer-oriented initiatives to support property purchases and a commitment to project delivery. Net operating profits for the same period stood at AED 1,401 million (US$ 381 million).


Third quarter (July to September) 2009 revenue reached AED 1,948 million (US$ 530 million), comparable to second quarter revenue of AED 1,940 million (US$ 528 million). Net operating profit for the same period reached AED 655 million (US$ 178 million), an increase of 48 percent as compared to the second quarter operating profit of AED 442 million (US$ 120 million). Third quarter net operating profit has also increased by 53 percent as compared to profit in same period in 2008 of AED 428 million (US$ 117 million).


The increase in profitability is due to the higher margin relating to Alma townhomes in Arabian Ranches handed over during the third quarter. The townhomes were handed over ahead of its scheduled delivery demonstrating EmaarEmaarEmaar Properties
Emaar Group
UAE | Real Estate

Emaar Morocco makes substantial progress on Aldea homes in Tinja

Tangier, Morocco; October 20, 2009: Emaar Morocco, the country-subsidiary of Emaar PropertiesEmaar PropertiesEmaar Properties
Emaar Group


PJSC, is making impressive progress on the Tinja master-planned community, particularly with Aldea villas and townhomes.

Foundation work has been completed and super-structure is progressing. The waterfront homes are supported by advanced infrastructure and roads, and water lines and other amenities are being laid out. Hand over to customers will be done as planned in 2010.

Emaar Morocco is currently developing this residential neighbourhood of 184 townhomes and 110 villas as part of the first phase of Tinja, an integrated community which was launched for sale to strong customer response. In addition, construction is progressing for model homes in EmaarEmaarEmaar Properties
Emaar Group

Emaar Properties Takes top Place in First Gulf Webranking Survey

DUBAI, UAE, 08 October 2009/PRNewswire/ -- Real estate giant EMAAREMAAR takes top slot in on-line consultancy Hallvarsson & Halvarsson's (H&H) inaugural "GCC Webranking" survey. Abu Dhabi National Energy CompanyAbu Dhabi National Energy CompanyAbu Dhabi National Energy Company
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came second with ZAINZAIN third. Bahrain is the GCC country with the highest average score in the region, closely followed by the United Arab Emirates.

For the first time H&H Webranking has included the GCC in its annual survey of corporate websites. Eighty-five listed companies, measured by market capitalization, in five GCC countries were ranked. Sites were assessed according to 140 criteria, derived from H&H's annual survey of business journalists, analysts and investors to identify what information and functionality they value most highly from a listed company's corporate website.


"The number of listed companies in the Gulf has increased over the past few years and the region is becoming increasingly interesting for international investors. This is why we have included the GCC in our annual Webranking survey. Any company looking to compete on an equal footing for international investor attention needs to utilise high quality online communication," said Staffan Lindgren, Executive Partner of H&H. "EMAAREMAAR wins the 2009 H&H Webranking in the Gulf as they present themselves on-line through a website that best fulfils the requirements for a corporate website's target audiences. In particular, EMAAREMAAR's website has a well developed Investor Relations section offering information that is in demand by the capital market, such as presentations, financial figures and a lot of share-related information."


Rank Company Score



1 EMAAREMAAR 34.25
2 Abu Dhabi National Energy CompanyAbu Dhabi National Energy CompanyAbu Dhabi National Energy Company
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33.75
3 ZAINZAIN 33.5
4 Sorouh Real EstateSorouh Real Estate 33
5 Hikma PharmaceuticalsHikma PharmaceuticalsHikma Pharmaceuticals
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32.5
6 SABICSABIC 30.5
7 Al Khalij Commercial BankAl Khalij Commercial Bank (Al KhalijiAl Khaliji) 28.75
8 Qatar TelecomQatar Telecom 28
9= DP WorldDP World 26.5
9= Gulf Finance HouseGulf Finance House 26.5





The rankings show that some Gulf region companies are using the online medium for financial disclosure reasonably effectively. However, the spread of results within the region ranges from 0 to 34.25 points. This indicates that the level of website performance differs substantially, with some companies performing poorly.


The Gulf average is below the European average, 18.5 compared to 50.3 (average of 700 European companies in H&H Webranking 2008).


Bahrain is the highest average scoring country in the region, although there is no significant difference between the five countries covered by this survey. Average ratings were as follows:


Rank Country Average score



1 Bahrain 20.55
2 United Arab Emirates 19.82
3 Qatar 18.38
4 Saudi Arabia 17.51
5 Kuwait 16.03





Areas with greatest room for improvement are "Financial Information", "Corporate Governance" and "Financial Calendar" -all areas increasingly important for the international capital markets.


Commenting on the results of the survey, Nicholas Lunt, Gulf Region MD of H&H's sister company, M: Communications, added: "It's important to place these results in the context of the wider region and to understand that local and south Asian investors are a critical audience for listed companies in the GCC. Most GCC listed companies are head and shoulders above their regional peers when it comes to Investor Relations (IR) and PR. It's important to weld together methodologies that are appropriate for their core target audiences with the best elements of international best practice. For example the way Aldar Properties uses video and photography on its website is an excellent example of a company presenting a human yet dynamic face to its stakeholders, something that I know is particularly valued in the Gulf Region".


For more information on the GCC Webranking survey and report contact:


Nicholas Lunt, M: Communications - Gulf: +971-55-2700216


Source: M Communications (London) Ltd


© Press Release 2009

Dubai Properties Developers Finally Making the Going Easier on Buyers

For those contemplating a Dubai property investment the times are fair indeed, but spare a thought for what the property developers and construction houses are facing and it is a sobering trip to reality. Regardless, Deyaar one of Dubai’s primary real estate developers has found a balance.

In a first of its kind move in the Dubai real estate investment business, a property developer has curtailed development and eliminated projects after selling the units. A dual-benefit approach, Deyaar is offering its customers the option to switch the UAE properties they have already purchased with alternatives that suit their requirements.

Of course, those buying properties in Dubai (for Deyaar projects) will have to choose from the options that are remaining after their project development slash. The crux of the matter is Deyaar has paved the way for other developers to follow suit and salvage something out of the losses that seem not so far away.

What about those who have purchased UAE residential properties from Deyaar and cannot find a better alternative?

SkyDome Properties advises these parties to make a studied choice of the rest of the UAE properties for sale market and then decide. Select Deyaar projects are even being offered at specially reduced rates to make things easier on the buyer. In such a light, is it wise to forgo all the financial benefits?

If you cannot make up your mind, hire a consultant for property investment in Dubai. Look carefully at all the pros and cons he will be in a state to highlight and then go ahead with your decision to buy property in Dubai.