Developer Emaar’s Burj Dubai Development To Drive Company’s Participation At MIPIM 2005
Dubai, March 6, 2005: Emaar’s prestigious Burj Dubai Development and Dubai Marina will be among the several lifestyle properties offered to investors and homeowners at the 2005 MIPIM exhibition which will take place in Cannes, France, later this month.
The exhibition –now in its 16th year—runs from March 8 to 11 at Palais des Festivals and attracts the leading real estate developers from Europe, North America and Asia.
Emaar is making its second consecutive presence at the annual global property forum. The company, globally acknowledged as one of the world’s finest, will be led by a high-level delegation.
Robert Booth, Executive Director, Emaar: “The Burj Dubai development has become more than a wonderful property that houses the Burj Dubai and The Dubai Mall. It has become a signpost for everything that the city of Dubai stands for. The world has already acknowledged Dubai’s role in the Middle East as a prime mover of business, finance, leisure and lifestyle enterprises. Emaar’s appearance in Cannes with iconic properties like the Burj Dubai development and Dubai Marina will further raise Dubai’s stature as the Middle East’s city of the future.”
Visitors to the Emaar pavilion will get an opportunity to view the sheer size and magnitude of the five million square feet urban development featuring Burj Dubai, the world’s tallest residential tower, The Dubai Mall, the world’s largest entertainment and shopping mall, The Boulevard, The Old Town, man-made lakes and landscaped parks.
“With the Burj Dubai Development, we are creating a new architectural landmark for global property developers. In its daring vision and planning, the landmark project reflects the dynamic growth of Dubai’s real estate sector making it the favoured place to live, work and invest,” said Booth.
Reflecting the diversity of Emaar’s lifestyle offer will be the Dubai Marina, the company’s unique waterfront development regarded to be the French Riviera of the Middle East. The internationally acclaimed project comprises residential towers and luxurious villas that have been created around a 3.5km water channel. It is the region’s first ‘intelligent city’ that will eventually house 40,000 people in stunning surroundings that boast international restaurants, coffee shops and boutique-style retail shops.
“With its ever-expanding range of property developments, Emaar has altered the architectural landscape of Dubai. This exhibition provides us with a good opportunity to illustrate Dubai’s success as a lifestyle destination as well as connect with the key players in the real estate industry,” said Booth.
Emaar’s participation at MIPIM marks the end of a successful year for the property developer as it grew from strength to strength in size, value and product offerings. The company recently announced record annual
profits of AED 1.691 billion for the year ended December 31, 2004 corresponding to a net profit increase of AED 1.015 billion or 150 percent. This year alone, Emaar handed over more than 8,000 homes to its owners and launched nearly 40 developments, unprecedented for any developer anywhere in the world.
Courtesy to Burj Dubai developer Emaar Properties PJSC