Bad example. Just because there aren't plots left in the most densely built-up parts of the city, doesn't mean there aren't plenty of idle room in other districts. Also, Business Bay seems pretty barren to me. Unless the Google Maps pictures are severely out of date, it seems like there's easily room for three times as many buildings as there currently are there, just by filling in the gaps.Where to build in marina, business bay or DIFC ? No more plot left Habibi.
https://www.arabianbusiness.com/con...ar-sees-2018-net-profit-rise-30-to-nearly-2bnDubai's Emaar sees 2018 net profit rise 30% to nearly $2bn
Revenue in 2018 increased by 37% over 2017, says Dubai-based developer
Emaar Properties on Thursday reported a net profit of AED7.216 billion ($1.965 billion) in 2018, a 30 percent increase over the previous year, prior to considering the effect of the IPO of Emaar Development and forex movement.
Revenue in 2018 was AED25.694 billion, a growth of 37 percent over 2017, the Dubai-based developer said in a statement.
During the fourth quarter, Emaar’s revenue was AED8.304 billion, up 53 percent while net profit was AED1.954 billion, a rise of 34 percent.
Mohamed Alabbar, chairman of Emaar Properties, said: “Our strategy for 2018 was to launch and build premium real estate assets that gained strong investor response from regional and international markets.
"We also expanded our malls business to be relevant to changing customer aspirations, highlighted by the expansion of The Dubai Mall and the launch of Dubai Square.
"In the hospitality business, we aim to be asset-light and focus more on our operational strengths. With digital transformation and building an ownership mindset driving our growth, we will continue to create long-term value for our shareholders.”
Emaar said it has handed over more than 51,800 residential units in Dubai and other international markets. More than 29,800 residences are under development in the UAE and over 17,500 units in global markets.
The first homes in Dubai Creek Harbour will be handed over this year, it added.
Emaar’s international business operations were equally strong in 2018, contributing 12 percent to the total revenue. Revenue from overseas operations was AED3.081 billion.
Emaar said it has a landbank of over 1.6 billion square feet in key markets and is the world’s largest property company outside China, with a brand value of over $2.7 billion.
The foundations of Burj al Alam were literally buried and paved over, weren't they? That seems a little drastic comparison to make, as there's not really enough of Dubai Square to bury.My gut feeling told me to wait until early february to start to worry, as ive said in the WDN section. Now its almost march and nothing is going on. They rarely cancel anything officially in the UAE, so i feel like that it is likely that this will go the Burj al Alam route.