Misplaced Pages

#615384

42-455: The Dubai Trolley project was announced by Emaar Properties on 23 April 2008, with opening proposed for the end of 2009. The total cost was put at AED 500 million . The line on which the Dubai Trolleys travel will be built in three phases which will form a 7 km loop around Downtown Dubai. As of 2019, Dubai Trolley is out of operation. Poles are located at tracks, tram vehicle number one

84-624: A land bank of some 6,000 acres to be used for future development. Its existing assets and ongoing projects, as also its land banks, are spread across India: Delhi NCR (particularly Gurugram ), Mohali , Chennai , Hyderabad , Lucknow , Jaipur and Indore . Emaar entered India in the early 2000s by winning the bid for the Hyderabad International Convention Centre , A joint venture, the Cyberabad Convention Centre Private Limited (CCCPL),

126-585: A lawsuit against Emaar Properties and its Chairman Mohamed Alabbar in a California federal court alleging he was wrongfully imprisoned and tortured because he had spoken up on behalf of Emaar foreign workers. The case was dismissed in November 2010 by Lombard. In September 2012, Emaar launched the Address BLVD, a luxurious 72 storey hotel and hotel serviced apartment project in Downtown Burj Dubai adjacent to

168-498: A residential, commercial, and recreational community. In 2006, Emaar Misr, an Egyptian subsidiary of Emaar Properties, completed an agreement with the Bibliotheca Alexandrina to redevelop part of its property on the eastern harbor of Alexandria. The new library facility stands almost exactly where the ancient Library of Alexandria existed, however the project has never materialized. In 2008, Emaar Misr began working on

210-579: A series of high and mid-rise towers for residential and commercial use, a shopping centre, a five-star beachfront hotel and a tower located in the heart of the project. The Canyon Views is a project of Emaar in Islamabad , Pakistan . Downtown Erbil is a project for a large-scale mixed-use complex in Erbil . The project was launched by Emaar Properties in 2013 and covers an area of 541,000 square meters. This area will be used for residential apartments, hotels and

252-656: A shopping mall. Dirhams The dirham , dirhem or drahm is a unit of currency and of mass. It is the name of the currencies of Morocco , the United Arab Emirates and Armenia , and is the name of a currency subdivision in Jordan , Libya , Qatar and Tajikistan . It was historically a silver coin. The dirham was a unit of weight used across North Africa, the Middle East, Persia and Ifat ; later known as Adal , with varying values. The value of Islamic dirham

294-681: A tourist resort called Marassi in Sidi Abdel Rahman , located along the Mediterranean coast, that includes a hotel with 3,000 rooms, a marina, and a golf course. The project also included the renovation of the well known Al-Alamein Hotel located within the property. Emaar India has a portfolio of projects spanning all key segments of the Indian real estate industry, including residential , commercial , retail (malls) and hospitality . The company has

336-620: Is a joint venture between Emaar Properties and IGO, an offshore investment and property development company. The Tuscan Valley development was Emaar's first project in Turkey. Emaar completed the first phase of the Tuscan Valley venture by 2007, which included the development of luxury villas and commercial space just outside Istanbul . In 2012, Emaar began developing an Emaar Square project. The project plans include building Turkey's largest shopping mall and five-star hotels. In 2013, Emaar Turkey,

378-617: Is also considering other investments in hospitality and mixed use commercial and residential projects in Jammu city and in Srinagar city. The King Abdullah Economic City (KAEC), developed by Emaar, The Economic City (Emaar E.C.) is listed on Tadawul , the Saudi stock exchange, and is the largest private investment in Saudi Arabia . The project includes the development of a special economic zone along

420-555: Is currently a movement within the Islamic world to revive the dirham as a unit of mass for measuring silver, although the exact value is disputed (either 3 or 2.975 grams). The word "dirham" ultimately comes from drachma (δραχμή), the Greek coin. The Greek-speaking Byzantine Empire controlled the Levant and traded with Arabia , circulating the coin there in pre-Islamic times and afterward. It

462-516: Is displayed to the public in the street, depot is used as a commercial area. Phase 1 opened in 2015. It runs in the median of the orbital Sheikh Mohammed Bin Rashid Boulevard, with three stops serving The Address, the Manzil Downtown and Vida Downtown hotels. Phase 1 was originally planned to be a 1.1-kilometer (0.68 mi) double track express link shuttle service line operating between

SECTION 10

#1732863071616

504-514: Is estimated to house approximately 2 million people and assist in aiding the Saudi Arabian economy in expanding beyond oil to light and shipping industry. Emaar Properties first announced its plans for a large-scale development project in Syria in 2006. The development, known as The Eighth Gate , includes three zones: a commercial center, waterfront and residential zone, and tourist area. The project

546-471: Is one of the largest real estate developers in the UAE and is known for various large-scale projects, such as building Burj Khalifa , the tallest building in the world . Emaar Properties was founded and incorporated in 1997 by chairman Mohamed Alabbar . Emaar has interests in both commercial and residential property development, as well as malls and hospitality. The Dubai government initially owned 100 percent of

588-643: The Byzantine Empire ( miliaresion ), and could be used as currency in Europe between the 10th and 12th centuries, notably in areas with Viking connections, such as Viking York and Dublin. The dirham is frequently mentioned in Jewish orthodox law as a unit of weight used to measure various requirements in religious functions, such as the weight in silver specie pledged in Marriage Contracts ( Ketubbah ),

630-855: The United States , Saudi Arabia , Syria , Iraqi Kurdistan , and Turkey . Some of the projects have included developments such as the Beit Misk in Lebanon , the Jeddah Gate in Saudi Arabia , and the Samarah Dead Sea Resort in Jordan . Emaar Misr began working on a $ 4 billion development project in 2005 on the Moqattam Plateau in Cairo , initially called Cairo Grand Heights that was later renamed Uptown Cairo. The project included building up an area as

672-503: The 30 dirhams required by the Shulhan Arukh ( Yoreh De'ah 305:1), and which in relation to the separation of the dough-portion made for a total weight of 1 kilo and 770.72 grams. The word drachmon ( Hebrew : דרכמון ), used in some translations of Maimonides' commentary of the Mishnah , has in all places the same connotation as dirham . Currently the valid national currencies with

714-621: The Burj Place interchange station with Dubai Metro and The Dubai Mall operational by end of 2009, but was put on hold in July 2010. Phase 2 will include the full 4.6-kilometer (2.9 mi) loop, providing a single track , mono-directional clockwise commuter service operating to and from the Burj Place interchange station with Dubai Metro. It is expected to serve all ten stations in the network's 500-acre (200 ha) development. The complete one-way journey time will take approximately 8 minutes. Opening

756-708: The Dubai Mall. In 2014, Emaar Properties announced plans to sell shares of its malls and retail business to the public. The IPO is one of the largest in the region since the global financial crisis. Emaar Malls Group became a publicly traded company on the Dubai Financial Market in October 2014. Closing at 3.25 dirhams with approximately 535 million shares traded, the IPO was the largest in Dubai since 2007. Also in 2014, Emaar opened

798-543: The Dubai Trolley. The trolley is also the world's first hydrogen-powered, zero-emission street tram system. In 2016, Emaar Properties announced plans to build the world's tallest structure , which would be taller than Burj Khalifa . It was expected to be completed by 2020. Through various subsidiaries, Emaar has established property developments and projects in Pakistan , India , Jordan , Egypt , Lebanon , Morocco ,

840-503: The Egyptian dirham weighed approx. 3.205 grams, which total weight for the requirement of separating the dough-portion comes to 1 kilo and 666 grams. Rabbi Shelomo Qorah (Chief Rabbi of Bnei Barak ) wrote that the traditional weight used in Yemen for each dirham weighed 3.20 grams for a total of 31.5 dirhams given as the redemption of one's firstborn son ( pidyon haben ), or 3.36 grams for

882-522: The Egyptian [ dirham ]." This view is repeated by Maran 's Shulhan Arukh ( Hil. Hallah , Yoreh Deah § 324:3) in the name of the Tur . In Maimonides' commentary of the Mishnah ( Eduyot 1:2, note 18), Rabbi Yosef Qafih explains that the weight of each Egyptian dirham was approximately 3.333 grams, or what was the equivalent to 16 carob -grains which, when taken together, the minimum weight of flour requiring

SECTION 20

#1732863071616

924-570: The Middle East. The Dubai Mall officially opened in 2008, and Burj Khalifa in 2010. By 2014, Emaar was holding over $ 11.4 billion in real estate investments. In 2007, the company was majority-owned by Dubai's government. In 2009, John Laing Homes, a subsidiary of Emaar Properties which was acquired in 2006, filed for Chapter 11 bankruptcy protection in the US Court for the District of Delaware. In July 2010, American businessman Lionel Lombard filed

966-516: The NYE celebrations. The record-setting display consisted of 70,000 LED panels that flashed coloured lights and projections of the country's leaders and other images on the Burj Khalifa. Emaar reported a 16 percent rise in second-quarter net profit for 2015, and that it has a land bank of over 235 million square metres. In November 2020, Emaar Properties announced a profit fall of 48% from the beginning of

1008-547: The Red Sea coast 60 miles north of Jeddah. Emaar E.C. also heads the development of the KAEC port. The port is the first privately owned port for Saudi Arabia and was first opened in January 2014, but plans to further expand have been set in place after the generation of new financing. The KAEC development is projected to be about the same size as Washington, D.C. when completed and the zone

1050-619: The UAE's sovereign wealth fund Investment Corporation of Dubai . It is a public joint-stock company , listed on the Dubai Financial Market , and has a valuation of US$ 16.8 billion as of August 2023 against the Net Asset Valuation of US$ 37.6 billion (AED 138.1B) as of December 2022 based on the valuation of assets done by third party valuer. Emaar has played a pivotal role in shaping the modern skyline of Dubai and has expanded its footprint internationally. Emaar Properties Dubai

1092-438: The company to ensure their completion at the earliest. The company has committed to deliver 11,000 units by end of 2018, beginning with over 3,000 units in 2017 itself. In late 2021, a Memorandum of Understanding was signed between the governments of Dubai and Jammu & Kashmir to facilitate investment into certain marquee projects. Under the agreement, Emaar is to develop a shopping mall in Srinagar of 500,000 sq.ft. EMAAR

1134-482: The company while the founding shareholders held 24.3 percent when operations as a public company commenced after the IPO in 2000. The following year, Emaar announced plans to build Dubai Marina . In 2000, Emaar Properties was listed on the Dubai Financial Market and became the first property company to offer shares to foreign nationals. The first phase of the company's developmental projects began in 2001 when Emaar awarded

1176-523: The company would be divided vertically. Shortly after the announcement, Emaar filed the demerger scheme in the Delhi High Court, and Shravan Gupta of MGF resigned from his operational positions. Prashant Gupta is the current CEO of the company. In pursuance of the intended demerger, the company is presently undergoing a restructuring exercise, wherein Emaar has taken control of all the ongoing projects of

1218-576: The contract in a joint venture to build three of the six apartment towers. In 2003, the company revealed its plans for a signature development project, later known as Downtown Dubai . The project consisted of two developments: Burj Khalifa and The Dubai Mall , the world's tallest building and world's largest mall respectively. Emaar International LLC was established in 2004 and signified Emaar's expansion into foreign markets. The company has undertaken projects in Africa, Asia, North America, and throughout

1260-434: The largest cinema complex in the region, Reel Cinemas. In 2014, The Dubai Mall had over 80 million visitors, of which 40 percent were tourists from outside the region. As an extension to Dubai Mall, Emaar began to develop a 55-storey residential building called Downtown Views . Emaar Properties's Dubai Fountain is the tallest performing fountain in the world and began operating in the spring of 2009. Emaar developed

1302-462: The quantity of flour requiring the separation of the dough-portion , etc. Jewish physician and philosopher, Maimonides , uses the Egyptian dirham to approximate the quantity of flour for dough-portion , writing in Mishnah Eduyot 1:2: "And I found the rate of the dough-portion in that measurement to be approximately five-hundred and twenty dirhams of wheat flour, while all these dirhams are

Dubai Trolley - Misplaced Pages Continue

1344-399: The separation of the dough-portion comes to approx. 1 kilo and 733 grams. Rabbi Ovadiah Yosef , in his Sefer Halikhot ʿOlam (vol. 1, pp. 288–291), makes use of a different standard for the Egyptian dirham , saying that it weighed approx. 3.0 grams, meaning the minimum requirement for separating the priest 's portion is 1 kilo and 560 grams. Others (e.g. Rabbi Avraham Chaim Naeh ) say

1386-585: The wholly owned subsidiary of Emaar Properties, launched The Address Residences Emaar Square in Istanbul . In 2017 Emaar Square Mall in Turkey was opened to the public. The Crescent Bay, Karachi is a 108-acre (440,000 m2) under-construction upscale mixed-use oceanfront development in Defence, Karachi, Pakistan. It is considered one of the biggest projects in Pakistan, with a cost of $ 2.4 billion. The development features

1428-449: The world's highest observation deck, At the Top, Burj Khalifa SKY. The highest man-made vantage point sits 555 metres up on the 148th floor of Burj Khalifa. Emaar marked the new year with the world's most watched New Year's Eve (NYE) celebration for 2015. According to Guinness World Records , Emaar oversaw the "Largest LED-Illuminated Façade" on the world's tallest man made structure" during

1470-866: The world's tallest building, Burj Khalifa , which opened in 2010. The building is 2,716.5 feet tall with 160 storeys that are primarily for residential purposes. It is named after the Abu Dhabi ruler Sheikh Khalifa bin Zayed Al Nahyan . Emaar Properties has also developed a number of neighbourhoods throughout Dubai including Arabian Ranches , Dubai Marina, The Greens, The Meadows, The Lakes, and The Springs. In 2013, Emaar launched The Address Residence Fountain Views I, II, and III, The Address Residence Sky View, Burj Vista, Boulevard Point and Vida Residence—all in Downtown Dubai. A further addition to Downtown Dubai from Emaar

1512-515: The year until September. In December 2020, Alabbar stepped down as Emaar chairman but continued to oversee the day-to-day activities as managing director. The Dubai Mall , developed by Emaar Properties, is the second world's largest shopping mall. It marked its soft opening in November 2008 and was inaugurated in May 2009. The mall has over 1,200 stores and 200 restaurants. It is also home to Dubai Aquarium and Underwater Zoo, KidZania, Dubai Ice Rink and

1554-524: Was 14 qirat. 10 dirham equals 7 mithqal (2.975 gm of silver). In the late Ottoman Empire ( Ottoman Turkish : درهم ), the standard dirham was 3.207 g ; 400 dirhem equal one oka . The Ottoman dirham was based on the Sasanian drachm (in Middle Persian : 𐭦𐭥𐭦𐭭 drahm ), which was itself based on the Greek dram/drachma. In Egypt in 1895, it was equivalent to 47.661 troy grains (3.088 g ). There

1596-647: Was floated specifically for this project, with the other partner being the Andhra Pradesh Industrial Infrastructure Corporation (APIIC). The convention center, which has a total seating capacity of 4,000 seats (extendable to 6,500 seats) was completed in December 2005. In 2005, while the Hyderabad project was ongoing, Emaar entered into a joint venture to handle projects in India. Emaar India

1638-471: Was founded in 2005 as a joint venture of Emaar Properties PJSC with MGF Developments Limited of India, in which Emaar was by far the larger equity partner and MGF was entrusted the operational responsibilities. The joint venture executed several significant projects, such as the 2010 Commonwealth Games Village in Delhi . In April 2016, Emaar announced that it would separate from its joint venture partner and that

1680-572: Was originally planned for 2010. The heritage-style open-top double-decker trams built in the US by TIG/m are powered by fuel cells , with batteries used to recover regenerated braking energy. Emaar Properties Emaar Pakistan Emaar India Emaar Properties (or simply Emaar ) is an Emirati real estate development company located in the United Arab Emirates . The two largest shareholders are Dubai ruler Mohammed bin Rashid Al Maktoum and

1722-544: Was the Opera District. Key features include the Dubai Opera House , the country's first dedicated opera house. In January 2015, Emaar Hospitality opened a boutique hotel , Manzil Downtown Dubai. The hotel is managed by Vida Hotels and Resorts and includes 200 rooms, suites with Burj Khalifa views, and access to a sports hub and several restaurants. Emaar rolled out the region's first hop-on-hop-off transit system with

Dubai Trolley - Misplaced Pages Continue

1764-408: Was this currency which was initially adopted as a Persian word ( Middle Persian drahm or dram ); then near the end of the 7th century the coin became an Islamic currency bearing the name of the sovereign and a religious verse. The Arabs introduced their own coins. The Islamic dirham was 8 daniq . The dirham was struck in many Mediterranean countries , including Al-Andalus ( Moorish Spain ) and

#615384