Marina Vista is conceived with true lovers of summer in mind. Rooms basking in sunlight, easygoing textures and a shore-inspired palette of white, beige and blues further contributes to its 'endless summer' vibe.
Dubai Creek Harbour is at the heart of a bold new vision for Dubai. A fusion of creativity and innovation, home to the iconic Dubai Creek Tower, it is set to define the future of living and further enrich this great city.
Described as both a ‘Vertical City’ and ‘A Living Wonder,’ Burj Khalifa, is the world’s tallest building and a global icon. Rising gracefully from the desert, Burj Khalifa honours the city with its extraordinary union of art, engineering and meticulous craftsmanship. At 828 metres (2,716.5 ft), the 200 plus storey Burj Khalifa has 160 habitable levels, the most of any building in the world.
Who should I contact if I do not receive my dividend payment?
For all dividends since 2003 (except 2006), you should contact Union National Bank’s (UNB) Capital Markets Services by phone at: +971-2-698-4430; +971-2-698-4675; +971-2-698-4163; +971-2-698-4603; +971-2-698-4591 or by e-mail at: Siham.Elitaoui@unb.ae.
For 2006 dividends, you should contact Mashreq Bank’s Investment Services Help Desk by phone at: +971-4-363-2430 or by e-mail at: KarenE@mashreq.com.
For all other dividends, you should contact Emaar Investor Relations at: Investor_Relations@emaar.ae.
If your shares are deposited with a brokerage firm, please contact your broker directly with any questions regarding the dividend payment.
The subscription period for the UAE retail offer, where you can apply for shares in the offer, is expected to start on 2nd November 2017 and to close on 13th November 2017. The final price of the shares is expected to be determined on 16th November 2017.
What will be Emaar Development’s dividend policy? Is the dividend guaranteed?
Emaar Development is targeting distribution of aggregate dividends of no less than US$1.7 billion, to be paid with respect to the next three financial years ending 31 December 2020. Any level or payment of dividends depends on future profits and the business plan of the company, among other factors, at the discretion of its Board of Directors.
How can retail investors subscribe for shares in Emaar Development?
• There are three ways for individual investors to subscribe to the IPO:
1: Online, through the DFM eIPO platform for holders of an iVESTOR card.
2: In person, through designated branches of the receiving banks, the names of which can be found on the microsite.
3: Emirates NBD and Ajman Bank customers can subscribe directly through their Online Banking portal and ATMs.
• Further details are provided below on the ‘How to Subscribe’ section of the microsite.
• To subscribe to the IPO, investors need to ensure that they have an up-to-date National Investor Number (NIN) registered through DFM. For further information, please visit: www.dfm.ae or contact DFM’s IPO consumer helpline on: +971 4 305 5555 between 8.00am – 3.00pm, Sunday to Thursday.
Emaar Development is the developer of residential and commercial build-to-sell assets in the UAE. The Company is behind iconic freehold master-planned communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina, and Burj Khalifa.
Will Emaar Properties compete with Emaar Development?
• Emaar Development represents the next phase in Emaar’s journey as a market-leading property developer in the UAE. The Company will not compete with, but rather complement Emaar Properties’ wide range of offerings.
• Emaar Development has right of first refusal on all Emaar Properties’ development projects in the country, and will establish a number of synergies with Emaar Properties as its parent company.
Based on a third-party valuation by JLL, Emaar Development has a total Gross Asset Value (“GAV”) of AED 35.6 billion which corresponds to an Adjusted Net Asset Value (“Adjusted NAV”) of AED 24.1 billion as of September 2017.
As per the UAE Central Bank regulation, banks can provide leverage up to five times the amount contributed by the investor for subscription. Please call your banking relationship manager for further details.
Emaar Properties’ shares can be bought or sold through a stock broker, or generally through a financial institution that provides brokerage services. A list of licensed brokers is available on the Dubai Financial Market’s website at: http://www.dfm.ae/pages/default.aspx?c=101
Can foreigners buy shares in Emaar Properties PJSC?
Yes, foreigners can buy shares in Emaar Properties as long as the total foreign ownership of the stock does not exceed 49%. Daily foreign ownership levels can be checked on the Dubai Financial Market’s website at: http://www.dfm.ae/pages/default.aspx?c=1080