Latest news with #EmaarGroup
Hindustan Times
3 days ago
- Business
- Hindustan Times
Adani, Emaar said to cease talks on Indian real estate unit sale
(Bloomberg) --Billionaire Gautam Adani's real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter. The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March. Two months prior, Emaar said it was in discussions with potential buyers in India, including Adani. The negotiations with Adani hit a snag because the two parties couldn't reach a consensus on value, the people said, asking not to be identified because the talks were private. Negotiations may resume at some point, the people said. A representative for Adani didn't have an immediate comment. Emaar didn't respond to requests for comment. A deal could've helped expand Adani's Indian real estate portfolio, which covers 24 million square feet of property and another 61 million under development, according to Adani Realty's website. --With assistance from Zainab Fattah. More stories like this are available on ©2025 Bloomberg L.P.
Time of India
3 days ago
- Business
- Time of India
Adani Realty, Emaar Group said to cease talks on Indian real estate unit sale
Billionaire Gautam Adani's real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter. The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March. Two months prior, Emaar said it was in discussions with potential buyers in India, including Adani. The negotiations with Adani hit a snag because the two parties couldn't reach a consensus on value, the people said, asking not to be identified because the talks were private. Negotiations may resume at some point, the people said. A representative for Adani didn't have an immediate comment. Emaar didn't respond to requests for comment. A deal could've helped expand Adani's Indian real estate portfolio, which covers 24 million square feet of property and another 61 million under development, according to Adani Realty 's website.
Time of India
3 days ago
- Business
- Time of India
Adani, Emaar said to cease talks on Indian real estate unit sale
Billionaire Gautam Adani 's real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter. The Adani family and Emaar had been in talks for a sale of Emaar India Ltd. at an enterprise value of $1.4 billion, Bloomberg News reported in March. Two months prior, Emaar said it was in discussions with potential buyers in India, including Adani. The negotiations with Adani hit a snag because the two parties couldn't reach a consensus on value, the people said, asking not to be identified because the talks were private. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Negotiations may resume at some point, the people said. A representative for Adani didn't have an immediate comment. Emaar didn't respond to requests for comment. Live Events A deal could've helped expand Adani's Indian real estate portfolio, which covers 24 million square feet of property and another 61 million under development, according to Adani Realty 's website.
Bloomberg
3 days ago
- Business
- Bloomberg
Adani, Emaar Said to Cease Talks on Indian Real Estate Unit Sale
Sign up for the India Edition newsletter by Menaka Doshi – an insider's guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. Billionaire Gautam Adani's real estate division has decided against buying the Indian unit of Dubai-based developer Emaar Group due to disagreements on valuation, according to people familiar with the matter.
Entrepreneur
07-05-2025
- Business
- Entrepreneur
AED 100,000 Prize Up for Grabs in Emaar's Burj Khalifa Design Competition
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Dubai-headquartered real estate giant Emaar has launched an invitation to local talents and UAE residents to design a projection for Burj Khalifa. The winning designer will not only receive a cash prize of AED100,000 but will also have their work displayed on the world's tallest building. Applications will be accepted from May 6-26 2025, and must be sent to opencall@ accompanied by a short concept description explaining the inspiration and story behind the design. The competition is open to artists, designers, and creatives, and is set to offer a chance to leave their mark on one of the world's most celebrated landmarks and share their vision with a global audience. Emaar founder Mohammed Alabbar. Participants are invited to submit original projection videos and animations that capture the spirit of innovation, creativity, and the vibrant culture of Dubai. Submissions should showcase dynamic visual content with a duration of three minutes and must comply with specific technical requirements to ensure seamless integration with Burj Khalifa's advanced projection system. "At Emaar, we believe that talent knows no boundaries. Burj Khalifa stands not only as a symbol of human achievement but also as a canvas for creativity and innovation — open to everyone with a talent to share," Mohamed Alabbar, Founder of Emaar, said. "Through initiatives like this, we reaffirm our commitment to nurturing creativity and providing a platform where ideas can reach new heights. We are proud to open our doors to every dreamer, artist, and innovator, offering them the opportunity to contribute to our collective story of achievement." A detailed set of technical specifications — including resolution, format, and mapping guidelines — as well as the full terms and conditions, can be found at HERE.. Related: Emaar Founder Mohamed Alabbar Shares "Why I Let Go of My Marketing Team"
