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- 10/12/2019
- News
The Smart City Revolution: Transforming communities in Abu...
Smart cities have the potential to transform the day-to-day experiences of citizens and improve their quality of life. But how can city leaders make this happen? It starts with these five factors, which have the potential to create new opportunities and a better overall community:
Vision – There must be a clearly mapped vision for any smart city that is innovative, future-ready and data-driven.
Ecosystem – The right stakeholders must be involved to focus the project on their desired outcomes, whether that is improved safety or long-term sustainability.
Governance – Every department must work as one towards common goals. This means there must be a clear flow of information between leaders and departments.
Technology enablers – Smart cities are built through intelligent integrations between technologies, systems and equipment.
Funding – Calling a smart city an investment is an understatement. No smart city can exist without the proper funding, whether through federal governments or through private entities.
Digital transformation and the rise of smart communities are closely linked and together they can create a revolution.
Abu Dhabi is one of those unique examples of a city that is primed to achieve the coveted title of “Smart City.” While at the Abu Dhabi Smart City Summit as a keynote speaker and panelist, it was clear that the local government there has the infrastructure, capital and vision to take advantage of this opportunity. What really stood out to me was the value they place on sustainability; no smart city can exist if it does not leverage efficient and renewable solutions for long-term sustainability. Abu Dhabi is strategically focused on environmentally friendly technologies and governance, and it will likely enable them to be trailblazers in the industry.
Digital transformation and the rise of smart communities are closely linked and together they can create a revolution. When government leaders are focused on vision, ecosystem, governance, technology enablers and funding, they can become future-ready and transform businesses and the lives of citizens.
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- 18/11/2019
- News
Dubai’s Emaar Properties Launches Dh25bn The Valley community
Emaar Properties’ new Dh25 billion The Valley project on the Dubai-Al Ain Road will contain more than “4,500 residential units spanning an area of 200 hectares”, its chairman Mohamed Alabbar said.
The project, which is being launched on Monday, will get under way with a community of 380 three- and four-bed townhouses, the developer added. The first cluster of these is set to be delivered by the end of 2022.
“The Valley will be Dubai’s first-ever self-contained town where the infrastructure fosters social cohesion and authentic interaction,” Mr Alabbar said in an emailed response to questions from The National. The site will have more than five major amenities, including an urban beach, adventure hub for kids, active hub for sports enthusiasts, and a “Valley Pavilion” area with supermarkets, retail units and early education centres, he added.
“We are really enthusiastic about the planning of this master plan. It reminds me of when we initially started to develop Arabian Ranches, one of our most successful communities. I would go as far to say that The Valley will be the Arabian Ranches of the future,” Mr Alabbar said.
“We anticipate The Valley to attract much of the same mix with a focus on local first-time home buyers who will find the development to be a compelling investment opportunity.”
Emaar Properties is Dubai’s biggest developer, having delivered more than 59,000 new homes since 2002. The company also has a land bank of 1.48 billion square metres.
Last week, the company reported a 20 per cent increase in third quarter net profit to Dh1.33bn as revenue rose 14 per cent to Dh6.08bn. Revenue for the nine-month period edged up 1.4 per cent to Dh17.6bn and profit rose 2.3 per cent to Dh4.44bn.
The results were achieved despite continuing declines in both sale and rental prices in Dubai, as investor concerns of an oversupply in the market continue to mount.
A total of 20,978 residential units were completed in the first half of this year, according to industry portal Property Finder. An additional 38,426 residential units within 152 projects that have at least an 85 per cent completion status as of July, are scheduled to be delivered by the end of the year.
Last month, Hussain Sajwani, the chairman of rival developer Damac Properties, said Emaar Properties was the main culprit in terms of oversupply, arguing that it continued to dump properties on the market even as others cut supply.
Mr Alabbar said the developer was “attuned to the future trends of the property market and looks forward to building the city’s first-ever self-contained town”.
Emaar Properties said The Valley would be aimed at the mid-income residential market. “Traditionally, Emaar buyers have been a strong mix of local, regional and international investors,” Mr Alabbar told The National.
“We anticipate The Valley to attract much of the same mix with a focus on local first-time home buyers who will find the development to be a compelling investment opportunity.”
Source: https://www.thenational.ae/business/property/dubai-s-emaar-properties-launches-dh25bn-the-valley-community-1.938760
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- 14/11/2019
- News
Emaar Development Records Dhs12.525 Billion Sales Growth
Emaar Development, the UAE build-to-sell property development business majority-owned by Emaar Properties, reported on Thursday the financial results for the nine-month ending 30th September 2019. The company has reported an impressive growth of 25% in property sales during first nine months of 2019, reaching to Dhs12.525 billion (US$ 3.410 billion) as compared to similar period in 2018.
Delivering quarter on quarter growth in profitability, the company reported net profit of Dhs 2.070 billion ($564 million) with a revenue of Dhs 9.625 billion (US$ 2.620 billion) for the first nine months of 2019.
With the company announcing the launch of 19 new residential developments in 2019 with a total project value of Dhs 10.127 billion (US$ 2.757 billion), the sales backlog stands at Dhs 36.098 billion (US$ 9.828 billion), underlining strong financial fundamentals and revenue recognition to be accounted in the next three to four years.
Mohamed Alabbar, Chairman of Emaar Development and Emaar Properties, said: “Over the years, Emaar Development has launched properties that deliver on the promise of providing unique living experiences and positioning Dubai as a prime global destination for real estate investments. The organisation focuses on customers, the quality of construction, technology, people and strategy for future growth. We aim to offer unique products to today’s home buyers, seeking modern lifestyles with amenities that prioritize health, wellness and a sense of community.”
Emaar Development views 2019 as a year of transformation with the company noticing a strong demand for residences that offer surroundings that ensure residents health and well-being, and the opportunity to live fulfilling lives.
During the quarter, Emaar Development has entered into a new joint venture for master-planned development ‘The Valley’, a Dhs 25 billion (US$ 7 billion) project located on Dubai – Al Ain Road extending the map of Dubai. The development is designed keeping in mind the modern urban planning and future dwelling trends with world class amenities.
In 2019, Emaar Development launched South Beach, a first-of-its-kind residential premium waterfront holiday home development and Grand Bleu Tower, the first ELIE SAAB designer building in the world at Emaar Beachfront. South Beach is one of the first developments to be fully listed on Ease by Emaar, the property management service by Emaar offering investors an opportunity to fill the market gap for short-term rentals and help them capitalise on an emerging business model and gain potential high returns on investment.
The company also marked the launch of several exceptional residential destinations in Dubai this year, including, Sun, Joy and Spring in Arabian Ranches III – a premium gated community; Bay Shore, Palace, Summer, Creek Edge and Surf in Dubai Creek Harbour, the six square kilometer mega-development, described as ‘The World of Tomorrow’; Executive Residences, Golf Grove, Golfville and Emerald Hills in Dubai Hills Estate; Expo Golf Villas – Parkside and Greenview in Emaar South, a pioneering project by Emaar located only 10 minutes from the Expo 2020 Dubai site and seven minutes from the Al Maktoum International Airport, recording sell-out investor response; Sirdhana at Mina Rashid, the world’s new sailing destination set by the historic Dubai Creek near Bur Dubai/Deira.
Emaar development has handed over approximately 4,700 residential units so far in 2019 at prime locations such as Dubai Hills Estate, Emaar South, Dubai Creek Harbour and Downtown Dubai.
Emaar has an international investor base of over 200 nationalities and is ranked 14th among the world’s strongest real estate companies in 2019, with an estimated brand value of US$ 2.7 billion.
Emaar Development is the leading developer of residential and commercial build-to-sell (BTS) assets in the UAE. The company is behind iconic freehold master-planned communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina and Arabian Ranches, and has delivered over 40,000 residential units since 2002. The company has a sales backlog of over AED 36.098 billion, and is a high cash flow generating business, highlighting the robust fundamentals of the company with ~ 31,000 residential units under development to be delivered. Strong sales backlog of AED 36.098 billion (US$ 9.828 billion), underlining remarkable revenue recognition to be achieved in the coming three to four years
Net profit in third quarter of 2019 (July to September) grew to Dhs 688 million (US$ 187 million) with revenue reaching to Dhs 3.388 billion (US$ 922 million)
During the quarter, Emaar Development has entered into a new joint venture for master-planned development ‘The Valley’, a Dhs 25 billion (US$ 7 billion) project located on Dubai.
Source: https://www.gulftoday.ae/business/2019/11/14/emaar-development-records-dhs12-525-billion-sales-growth
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- 28/09/2019
- Blog
CISCO Networking. Next Virtual Event: 2020 Global Networking...
Thursday, October 24, 2019
9:30 BST (12:30PM UAE) (1 hour)
Join our panel of futurists and networking experts as they discuss three topics: how current trends are shaping networks, the latest technology transformation, and how artificial intelligence (AI) and automation are changing the IT workforce and operations. You’ll get a complimentary copy of our 2020 Global Networking Trends report for registering and attending.
Topics for discussion
The Perfect Storm: How Business, Social, and Technology Trends are Shaping the Network of the Future
During this moderated panel, industry futurists and Cisco executives will discuss these macro-trends and their impact on organizations, networks, business, and society.
Technology Insights: The Technologies That Will Transform Tomorrow’s Network
The panel will highlight trends such as intent-based networking that will impact future network technologies and will discuss why organizations need to plan now.
Operations and the Workforce in the Age of Automation and AI
The panel will discuss future demands on IT operations and the changes necessary to meet the challenge.
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- 20/09/2019
- Blog
SNC-Lavalin Awarded Oil and Gas Contract from Al...
Under the three-year agreement, extendable for two years, SNC-Lavalin will partner with Al Yasat Petroleum extending the engineering and project…
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- 19/09/2019
- Blog
Cisco Completes Network Deployment Across Expo 2020 Dubai...
Tech giant says it will host around 8,000 Wi-Fi access points, serving up to 300,000 users per day during Expo…
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- 08/09/2019
- Blog
Nationalization Of Jobs Is Now Going Full Steam...
Sheikh Mohammed’s letter gets the ball rolling on Emiratisation Emiratisation is the top priority for the UAE government this season,…
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- 07/09/2019
- Blog
Sheikh Hamdans Two Week-Deadline On Emiratisation Efforts
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, on…
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- 07/09/2019
- Blog
Open Letter By Sheikh Mohammed Bin Rashid And...
Sheikh Mohammed bin Rashid, Prime Minister and Ruler of Dubai, published an open letter on Twitter on Saturday. Below is…
