Dubai Holding will not sell Jumeirah Group

Sunday, December 27th, 2009

Dubai Holding, owned by the ruler of the Gulf emirate, will not sell or list its luxury hotelier Jumeirah Group to pay off debt maturing next year, Jumeirah Group’s chairman was quoted as saying on Sunday.

Al Bayan newspaper carried the remarks which Gerald Lawless made in an interview with Forbes magazine, published on Friday.

“Jumeirah and Dubai Holding are part of each other and Jumeirah is not going anywhere,” Lawless told the magazine. “Dubai Holding will be fine.”

Emaar partners with Dubai Municipality on water use efficiency initiative

Monday, July 7th, 2008

Emaar Properties has partnered with Dubai Municipality on a water use efficiency initiative aimed at reducing sewage production in 58 properties along Sheikh Zayed Road. Specific water saving measures are being put in place along these buildings on Sheikh Zayed Road, a measure in line with the current focus of Dubai to promote green buildings.

Mr Ahmad Al Matrooshi, UAE Managing Director, Emaar Properties, said: “Dubai Municipality has unveiled a pioneering and model initiative that will contribute a long way to the Green Dubai vision announced by His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Enhancing water use efficiency can be integrated into the every day lifestyle of individuals and the sewage reduction programme will help achieve this.”

The new initiative includes the installation of water saving devices in taps, showers, cisterns, toilets and water tanks, eventually contributing to 15 to 35 per cent reduction in water use depending on the building. Residents will also benefit from reduced water bills. Work has already begun and is being undertaken by City Services and MEET. Emaar is adopting the programme in all new developments including towers within Downtown Burj Dubai.

Emaar Bawadi launches Teema

Friday, July 4th, 2008

Emaar Bawadi, the joint venture between Emaar Properties and Bawadi, a member of Tatweer, has launched Teema, the first residential community in Asmaran, the 70 million sqft master-planned project being developed within the Dh200bn hospitality project Bawadi.

Teema will have 308 town houses and will be by a retail facility and a community centre. Sales will begin from May 20, just seven months into announcing the multi-billion joint venture. The residential community will have pedestrian areas and master-planned infrastructure apart from a retail centre, mosque and school.

Within its development, Teema will have green landscape and walkways, in close access to several community amenities. Teema homes comprise a mix of duplexes and two- and three- bedroom villas. The homes have all been fitted with elegant Spanish architectural features with the apartments having a built-area in the region 1,780 to 2,800 sqft. Construction on the project will begin shortly.