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Emaar news category
Emaar bonds could be upsized to $500m
Emaar Properties, the UAE’s largest listed real estate developer said yesterday that the company has placed $450 million (Dh1,652) of convertible bonds due in 2015 with a potential to upsize the issue to $500 million. In a filing to the Dubai Financial Market (DFM) the company said the notes (bonds) have a coupon of 7.5 per cent and will be convertible into Emaar’s shares.
DDA takes Emaar-MGF to court
The original agreement between the developer and the DDA earmarked 1,168 flats for construction. However, upon a routine inspection in mid-July, the DDA discovered that Emaar-MGF was carrying out construction of 28 dwelling units in the upper basements of some towers.
‘Negative publicity from CWG could hit Emaar India operations’
Negative publicity relating to readiness and fitness of the Village in New Delhi is likely to impact the Indian joint-venture of Dubai-based Emaar Properties, a news report here has said, quoting official documents.
Dubai’s Emaar to issue convertible notes
Dubai’s giant developer Emaar Properties, which built the world’s tallest tower, will issue up to 500 million dollars in convertible notes, pending approval by shareholders, the company said.
Dubai World gets $9.5bn government backing
The Dubai government has announced it will provide $9.5bn (£6.4bn) in funding to help its Dubai World investment vehicle to restructure its debt.
