{"id":11486,"date":"2016-04-27T14:46:00","date_gmt":"2016-04-27T07:46:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=11486"},"modified":"2016-04-27T14:22:56","modified_gmt":"2016-04-27T07:22:56","slug":"emaar-brings-mini-dubai-to-londons-harrods","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emaar-brings-mini-dubai-to-londons-harrods\/","title":{"rendered":"Emaar brings 'mini-Dubai' to London's Harrods"},"content":{"rendered":"


\nEmaar Properties has brought a taste of Dubai to one the world’s most famous department stores as it attempts to attract foreign investors amid the property slowdown in the emirate.The Dubai developer, builder of the Burj Khalifa, is launching and exhibiting its latest project at Harrods in London until mid-August.Visitors can experience interactive video displays, and view large scale models of Dubai Creek Harbour, Dubai Hills Estate and The Opera District.The models include The Tower, which is expected to be taller than Burj Khalifa – currently the world’s highest – when completed in Dubai Creek Harbour.Emaar and Harrods estimates that a window display on the ground floor is passed by 75,000 pedestrians per day.A report released yesterday by Cluttons said that sale prices in Dubai fell by 2.2 per cent in the first three months of 2016, the steepest quarterly drop for five years.Prices were 4.4 per cent lower year-on-year, with the biggest price declines for high-end villas, while premium apartment sale prices had held up in comparison but transactions had slowed.JLL said last week that it expected prices to bottom out over the summer and a recovery in the second half of the year, but uncertainty remains with oil prices remaining in the $40 bracket.It reported a 10 per cent year-on-year decline in house prices in the first quarter of 2016, which it blamed on the strong dollar (to which the dirham is pegged) and lower oil prices.Simon Barry, head of new residential developments at Harrods Estates, said that the store’s clients will be extremely interested in what Emaar has to offer.”Dubai offers one of the most compelling opportunities to invest in property in the world at present,” he said. “Just as London is the financial capital of the European time-zone, so Dubai is the financial capital of the Middle East time-zone.”The Dubai property market is now stable, benefitting from huge inward investment from both the Middle East and the Indian sub-continent, and its economy is anticipated to grow strongly leading up to the Dubai World Expo in 2020, despite last year’s downturn in oil prices.”One-bedroom apartments measuring 707 sq ft at Dubai Creek Harbour start at \u00a3184,135 (Dh986,311), a cost that equates to \u00a3260 per sq ft. Harrods Estates said that prime Central London equivalent values are \u00a32,000 per sq ft.Dubai Land Department figures for the first three months of 2016 show transactions worth Dh55bn were completed, which is a 14 per cent drop on the Dh64bn registered in the same period last year.However, the volume of transactions completed was said to be 14 per cent higher at 12,568 as more affordable homes have come on to the market.Emaar chairman Mohamed Alabbar revealed last week that the company had “severely cut costs” due to challenging market conditions, but was “pleasantly surprised” by sales activity.Emaar Properties’ net profit in the fourth quarter of 2015 of $1.03bn was 1 per cent lower than in 2014, despite a 58 per cent uplift in sales to Dh3.8bn.ioxborrow@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Emaar brings ‘mini-Dubai’ to London’s Harrods<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Emaar Properties has brought a taste of Dubai to one the world’s most famous department...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-11486","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-2Zg","jetpack-related-posts":[{"id":18706,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-launches-il-primo-opera-district-apartments-at-harrods\/","url_meta":{"origin":11486,"position":0},"title":"Dubai's Emaar launches Il Primo Opera District apartments at Harrods","date":"July 5, 2016","format":false,"excerpt":"\r Emaar Properties has begun selling new \"lateral\" apartments taking up either half or a whole floor of a new 77-storey tower at the Opera District in Downtown Dubai.The Il Primo apartments have gone on sale at a marketing suite within the famous Harrods Department store in London, with the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10330,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-creek-viewing-tower-to-be-taller-than-burj-khalifa\/","url_meta":{"origin":11486,"position":1},"title":"Dubai Creek viewing tower to be taller than Burj Khalifa","date":"April 10, 2016","format":false,"excerpt":"\r \r DUBAI \/\/ Emaar Properties, the developer of the Burj Khalifa, says it plans to build an even taller tower in Dubai. Emaar Properties Chairman Mohamed Alabbar said Sunday the new observation tower would be \"a notch\" taller than the Burj Khalifa, the world's tallest buiding.He would not say\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10816,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/the-tower-at-dubai-creek-harbour-a-close-look-at-skyscraper-set-to-top-burj-khalifa-video\/","url_meta":{"origin":11486,"position":2},"title":"The Tower at Dubai Creek Harbour: A close look at skyscraper set to top Burj Khalifa – video","date":"April 17, 2016","format":false,"excerpt":"\r \r Emaar Properties will attempt to deliver the new Dubai Creek tower and a linked \"mega-retail district\" in time for Expo 2020.The architect behind the new US$1 billion tower says it will represent a nation like The Eiffel Tower, while Emaar chairman Mohamed Alabbar said it would probably \"be\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45100,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-emaar-opens-property-showcase-in-londons-harrods-store\/","url_meta":{"origin":11486,"position":3},"title":"Dubai's Emaar opens property showcase in London's Harrods store","date":"February 22, 2017","format":false,"excerpt":"\r London \/\/ Dubai's biggest developer, Emaar, has opened a new showcase for its latest properties in Dubai - in London's Harrods department store - in a fresh push to tempt overseas buyers to offset a softer market at home. The new, specially-designed marketing suite on the second floor of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":169556,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-rta-and-emaar-to-expand-burj-khalifa-dubai-mall-metro-station-amid-surging-demand\/","url_meta":{"origin":11486,"position":4},"title":"Dubai RTA and Emaar to expand Burj Khalifa\/Dubai Mall Metro Station amid surging demand","date":"January 15, 2026","format":false,"excerpt":"\r Dubai RTA and Emaar will expand Burj Khalifa\/Dubai Mall Metro Station, lifting capacity by 65 per cent to handle up to 220,000 passengers daily The post Dubai RTA and Emaar to expand Burj Khalifa\/Dubai Mall Metro Station amid surging demand appeared first on Arabian Business: Latest News on the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2026\/01\/Burj-Khalifa-Dubai-Mall-Metro-Station-1000x651-1.jpg?fit=1000%2C651&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4045,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/comparable-to-burj-khalifa-emaar-unveils-latest-iconic-tower\/","url_meta":{"origin":11486,"position":5},"title":"\u201cComparable to Burj Khalifa\u201d: Emaar unveils latest iconic tower","date":"February 7, 2016","format":false,"excerpt":"\r Centrepiece of Dubai Creek Harbour approved by Dubai Ruler, designed by Santiago Calatrava Valls\r \r Source : arabianbusiness.com\r Read more...\u201cComparable to Burj Khalifa\u201d: Emaar unveils latest iconic tower","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11486"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=11486"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/11486\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=11486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=11486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=11486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}