EMAAR HOSPITALITY
Small cities home to big dream jobs: Hiring scene in tier 2, 3 cities gets busy
Job opportunities are growing across sectors in tier 2 and 3 cities, and professionals are eager to join, recruiters and firms said. Escalating living costs and infrastructural challenges in metros are prompting executives to move to smaller cities. Companies, on their part, are drawn by cheaper land costs, lower salaries and easy talent availability, besides rising disposable incomes in these cities.
Real estate renaissance: Dubai developers eye India's booming property market
Dubai's real estate developers are actively expanding their presence and investments in India's flourishing property market.
Emaar India, Worldwide Resorts join hands for Gurugram project
Emaar Properties' India unit has signed a joint development agreement with Worldwide Resorts & Entertainment to develop a 73.60-acre land parcel in Gurgaon for Rs 278 crore. This is the third agreement signed by Emaar India since December 2021. The agreement involves a revenue-sharing model, with the developer handling construction and sharing 30% of the revenue with Emaar. Emaar Properties is increasing its focus on India, particularly in the hospitality, residential, and shopping mall sectors.
India Emaar’s future, we are doubling down on country: Mohamed Alabbar, Founder, Emaar Properties
"The integration between UAE in general, specifically Dubai, and India is historic. The benefit of this long relationship really continues to grow. Dr Mahathir Mohamad (former Malaysian prime minister) said, look East, and where do we look in the East? Is there anything better, bigger, more stable, and keeps growing than India? There is nothing," Mohamed Alabbar, Founder, Emaar Properties.
Occupancies expected to rise further during the year: Emaar Hospitality
The company, with its diverse portfolio of brands, including Address Hotels + Resorts and Vida Hotels and Resorts will now extend to offer its services to guests at new locations within the UAE and at up-and-coming destinations across the Middle East.
Emaar group to develop shopping mall in Srinagar
This will be the first significant FDI investment in Jammu and Kashmir.
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Dubai turns page on Covid-19 with hottest jobs market in two years
With labor shortages and hiring difficulties hold back the labor market in parts of Europe and employment is dropping in countries like Australia after the delta variant of coronavirus forced lockdowns, the oil-rich Gulf region can lean on foreign workers to fill most private-sector jobs.
Dubai's investment arm ICD records full year loss of 15.50 billion dirhams
The Dubai government's primary investment arm, Investment Corp. of Dubai, recorded a loss for the previous year on Tuesday, citing the impact of the coronavirus pandemic on its portfolio firms.
Electrocution case: Oyo says it is cooperating with police authorities
Oyo's statement follows multiple reports on the death of Priyanshu Kumar, a resident of Dehradun and a national level shooter, and who had travelled to Delhi to participate in a competition.
India is a key market, committed to success of projects: Emaar
Dubai's Emaar Properties said on Thursday it was committed to its projects in India through its joint venture Emaar MGF Land.
Emaar MGF partners PayU for online payment facility to buyers
PayUMoney would help customers to pay anytime and any amount with no restrictions of NEFT or RTGS, it added.
Dubai's Emaar Properties faces market oversupply risks: Moody's
Shares in Emaar were down 0.5 per cent at 0705 GMT in line with the Dubai bourse which also retreated by 0.1 per cent.
Emaar Properties net operating profit up 45% at $332 mn in January-June
Realty-major Emaar Properties has reported a 44.35 per cent jump in net operating profit of USD 332 million for the first six months of this year.
Emaar Properties posts net operating profit of $230 mn for H1
Emaar Properties recorded a net operating profit of $ 230 million in the first six months of 2011, it was announced here on Tuesday.
UK's Whitbread to invest Rs 535 cr on hotels in India by 2020
Whitbread on Tuesday said it will invest 75 million pounds (over Rs 535 crore) in India by 2020 to fund its hotels business in the country.
Emaar MGF records Rs 206 cr loss in FY11; sells hotel project
Emaar MGF on Monday said it has posted a net loss of Rs 205.94 crore for the year ended March 31, 2011.
World's highest restaurant opens for business in Dubai
The restaurant, spread over an area of 1,030 square meters, is 92 meter taller than the world's second highest eatery -- the revolving 360 Restaurant in Toronto's CN Tower.
Emaar records $638 mn profit in 9 mths of this yr
Led by strong recurring revenue from its hospitality and malls businesses, Dubai-based Emaar Properties has registered net operating profits of $638 million.
Emaar Properties' nine-month revenue climbs to $2.27 bn
Bolstered by strong hospitality and mall businesses, realty player Emaar Properties PJSC saw its revenues jump 53 per cent to USD 2.27 billion for the first nine months of 2010.
Hotels off DLF, Emaar plans; land on block
The capital-intensive nature and long gestation periods of hospitality projects are forcing real estate developers to rethink such ventures.
Emaar Q1 operating profit jumps over 2-fold to 760 mn dirhams
Realty major Emaar Properties PJSC saw its operating profit rising more than two-fold to 760 million dirhams (about $207 million) in the first quarter of 2010, paced by robust performance of its hospitality and malls subsidiaries.
FIPB gives nod to Hyatt's JV with Emaar for hotels in India
The Foreign Investment Promotion Board has cleared Hyatt group's proposal to set up 'Hyatt Place' hotels in the country in a joint venture with realty firm Emaar MGF, with an investment of about Rs 125-150 crore.
Hyatt Corp in JV with Emaar MGF to build hotels in India
Hyatt and Emaar MGF will jointly invest about Rs 1,000 crore(~$200 million) to build these hotels under the mid-market brand Hyatt Place.
After failed IPO, Gulf parent comes to Emaar MGF's rescue
In what would be the first major fund infusion into the Emaar MGF Group, Dubai-based Emaar will invest $150 million(Rs 650 cre) to pick 20-25% stake in three real estate projects.
Emaar MGF plans new houses for mid-market segment in Mohali
Real estate developer Emaar MGF Land on Friday announced plans of residential apartments 'The Terraces' in Mohali aimed at the mid-market segment.
Emaar MGF join hands with Marriott to develop hotels in India
Real estate developer Emaar MGF has partnered with Marriott International Inc to design, construct and equip luxury-branded JW Marriott Hotels with total investment of over $400 million.
Emaar withdraws IPO, blames choppy market
Emaar MGF announced on Friday that it was postponing its public issue to an “appropriate time”. Businessweek in pics | Business humourI Weekend Platter
Emaar MGF withdraws IPO due to poor response
Uncertainty in stock markets has taken its toll on the IPO market, with realty major Emaar MGF on Friday.
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