Latest news with #KhalafAhmadAlHabtoor
Zawya
24-04-2025
- Business
- Zawya
Al Habtoor Group releases final batch of Al Habtoor Tower Apartments as sales surpass 90 per cent
Dubai, UAE – Al Habtoor Group has announced the release of the final batch of apartments at the iconic Al Habtoor Tower, following the successful sale of over 90 per cent of the building's 1,740 residential units. This milestone reflects the strong demand for what is set to become the largest residential building in the world. Strategically located on Sheikh Zayed Road within the prestigious Al Habtoor City, Al Habtoor Tower continues to draw high interest from both local and international buyers seeking world-class living in the heart of Dubai. The Group has confirmed that more than 40 per cent of the tower's apartments are scheduled for handover in Q4 of 2025, with construction progressing rapidly and consistently meeting key milestones ahead of the planned construction schedule. Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group, commented: "The response to Al Habtoor Tower has exceeded all expectations. Selling 90 per cent of the units in a development of this scale speaks volumes about the trust people place in the Al Habtoor name. We are not just delivering homes—we are delivering a lifestyle that defines excellence. This final release is a rare opportunity to become part of one of the most iconic residential destinations in the world." The final release features a limited number of premium units with sweeping panoramic views of Burj Khalifa, Dubai Water Canal, the Arabian Gulf, and Sheikh Zayed Road. These residences are complemented by exceptional amenities including multiple pool decks, the highest terraced gardens, state-of-the-art gyms, luxury spas, and the Al Habtoor Sports Hub. The tower also boasts 24 high-speed lifts, offering the fastest vertical transportation available in a residential building globally. Among the remaining homes available, only a few units remain under negotiation within the exclusive collection of 41 Ultra Residences, a signature offering within the tower. Located on floors 76 and above, these exceptional simplex units feature three bedrooms, private pools, expansive terraces, and superior finishes—all designed to offer residents an unmatched combination of elegance, space, and privacy. Part of Al Habtoor City, the development offers residents seamless access to three five-star hotels, La Perle —the region's only permanent aqua theatre—and a vibrant boulevard lined with world-class dining and lifestyle venues. About Al Habtoor Group: Established by Chairman Khalaf Ahmad Al Habtoor in 1970, Al Habtoor Group is considered one of the most successful and respected conglomerates in the UAE. Operating in the UAE and international markets, it proudly flies the UAE flag in numerous cities around the world, including London, Vienna, Budapest, Beirut, and Springfield in the state of Illinois, USA. The group employs thousands of highly qualified and skilled professionals. Al Habtoor Group has become synonymous with dynamic growth, demonstrating its commitment to developing its businesses in multiple sectors, including hospitality, automotive, real estate, education, insurance, and publishing. @alhabtoorgroup For more information, please contact: Noura Badawi Chief Communications Officer & Information Advisor to the Chairman Al Habtoor Group LLC Email: noura@
Zawya
24-04-2025
- Business
- Zawya
Final batch of Al Habtoor Tower Apartments on sale
Al Habtoor Group, a leading UAE-based business conglomerate, has announced the release of the final batch of apartments at its prime development - Al Habtoor Tower - following the successful sale of over 90% of the building's 1,740 residential units. This milestone reflects the strong demand for what is set to become the largest residential building in the world, said a statement from the Emirati group. Strategically located on Sheikh Zayed Road within its Al Habtoor City, the tower continues to draw high interest from both local and international buyers seeking world-class living in the heart of Dubai, it stated. According to the group, more than 40% of the tower's apartments are scheduled for handover in Q4, with construction progressing rapidly and consistently meeting key milestones ahead of the lanned construction schedule. The final release features a limited number of premium units with sweeping panoramic views of Burj Khalifa, Dubai Water Canal, the Arabian Gulf, and Sheikh Zayed Road. These residences are complemented by exceptional amenities including multiple pool decks, the highest terraced gardens, state-of-the-art gyms, luxury spas, and the Al Habtoor Sports Hub. The tower also boasts 24 high-speed lifts, offering the fastest vertical transportation available in a residential building globally, it stated. Part of Al Habtoor City, the development offers residents seamless access to three five-star hotels, La Perle - the region's only permanent aqua theatre - and a vibrant boulevard lined with world-class dining and lifestyle venues. Founding Chairman Khalaf Ahmad Al Habtoor said: "The response to Al Habtoor Tower has exceeded all expectations. Selling 90% of the units in a development of this scale speaks volumes about the trust people place in the Al Habtoor name." "We are not just delivering homes—we are delivering a lifestyle that defines excellence. This final release is a rare opportunity to become part of one of the most iconic residential destinations in the world," he stated. "Among the remaining homes available, only a few units remain under negotiation within the exclusive collection of 41 Ultra Residences, a signature offering within the tower. Located on floors 76 and above, these exceptional simplex units feature three bedrooms, private pools, expansive terraces, and superior finishes - all designed to offer residents an unmatched combination of elegance, space, and privacy," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
24-04-2025
- Business
- Trade Arabia
Final batch of Al Habtoor Tower Apartments on sale
Al Habtoor Group, a leading UAE-based business conglomerate, has announced the release of the final batch of apartments at its prime development - Al Habtoor Tower - following the successful sale of over 90% of the building's 1,740 residential units. This milestone reflects the strong demand for what is set to become the largest residential building in the world, said a statement from the Emirati group. Strategically located on Sheikh Zayed Road within its Al Habtoor City, the tower continues to draw high interest from both local and international buyers seeking world-class living in the heart of Dubai, it stated. According to the group, more than 40% of the tower's apartments are scheduled for handover in Q4, with construction progressing rapidly and consistently meeting key milestones ahead of the lanned construction schedule. The final release features a limited number of premium units with sweeping panoramic views of Burj Khalifa, Dubai Water Canal, the Arabian Gulf, and Sheikh Zayed Road. These residences are complemented by exceptional amenities including multiple pool decks, the highest terraced gardens, state-of-the-art gyms, luxury spas, and the Al Habtoor Sports Hub. The tower also boasts 24 high-speed lifts, offering the fastest vertical transportation available in a residential building globally, it stated. Part of Al Habtoor City, the development offers residents seamless access to three five-star hotels, La Perle - the region's only permanent aqua theatre - and a vibrant boulevard lined with world-class dining and lifestyle venues. Founding Chairman Khalaf Ahmad Al Habtoor said: "The response to Al Habtoor Tower has exceeded all expectations. Selling 90% of the units in a development of this scale speaks volumes about the trust people place in the Al Habtoor name." "We are not just delivering homes—we are delivering a lifestyle that defines excellence. This final release is a rare opportunity to become part of one of the most iconic residential destinations in the world," he stated. "Among the remaining homes available, only a few units remain under negotiation within the exclusive collection of 41 Ultra Residences, a signature offering within the tower. Located on floors 76 and above, these exceptional simplex units feature three bedrooms, private pools, expansive terraces, and superior finishes - all designed to offer residents an unmatched combination of elegance, space, and privacy," he added.-
Zawya
24-04-2025
- Business
- Zawya
Dubai National Insurance approves a cash dividend of 15% at the Annual General Assembly meeting
Dubai: Dubai National Insurance (DNI), one of the leading insurance companies in UAE, held its Annual General Assembly Meeting today that was led by Khalaf Ahmad Al Habtoor where the Board announced a 15% cash dividend to shareholders amounting to AED 17.325 million. Khalaf Al Habtoor, Chairman of the Board of Directors at DNI, commented: "We are proud to report strong underwriting performance and excellent profitability for the year 2024, underlined by our net profit figures. DNI's insurance revenue rose to AED 469.1 million in 2024, up from AED 448.3 million in 2023, an increase of 5%. DNI reported strong profitability for 2024, achieving a full-year (post tax) net profit of AED 53.5 million, an increase of 13.6% over the previous year. As a result, we have increased the dividend from AED 11.550mn to AED 17.325mn, reinforcing our commitment to delivering shareholder value. This strong financial performance was a result of prudent underwriting strategies and strong investment income and are particularly commendable given the unprecedented challenges faced by the UAE insurance industry due to the April floods.' Adding to this, A.R. Srinivasan, Chief Executive Officer at DNI, said, 'DNI experienced another successful year, characterised by significant underwriting growth across key business lines and strong investment income in our net profit. The devastating floods of 2024 were a pivotal moment for the industry, reinforcing the crucial role we play in protecting businesses and individuals. At DNI, we responded swiftly by accelerating claims settlements, enhancing our digital capabilities, and improving customer service. We remain dedicated to advancing our automation and digitalisation efforts to deliver faster, more efficient service while continuing to maximise shareholder value and contribute meaningfully to the community." To conclude, Al Habtoor said, 'We extend our sincere gratitude to the visionary leadership of the UAE and the esteemed regulatory authorities, whose unwavering support, progressive policies, and commitment to fostering a resilient and thriving economic environment have enabled our growth and success. I would also like to thank our management, business partners, and the dedicated team at DNI for their continued efforts. Together, we will continue creating value for both our policyholders and shareholders. We remain committed to delivering sustainable growth, operational excellence, and long-term value, ensuring DNI is positioned among the regional market leaders by leveraging our innovative capabilities and differentiated offerings." As the UAE's economy evolves, DNI remains committed to building a resilient, future-ready insurance business that delivers sustainable returns and drives meaningful societal impact. About DNI One of the leading Insurance Companies in UAE, Dubai National Insurance (DNI), has been operating since 1991 with a branch in Abu Dhabi. We are a multiline insurer with products spanning Motor, Medical, Travel, Home and other commercial insurances like Group Medical, Group Life, Engineering, Marine, Property and Liability. Our expert team of insurance and reinsurance professionals will provide the best insurance policies at competitive rates compared to industry peers. Our hassle-free claims services will enhance our mutual relationship. DNI puts customer experience, innovation, financial stability, and value creation on our priority list with the approach to design tailored solutions based on a comprehensive understanding of customers and protection needs. DNI has engaged in broadening its distribution platforms and entered strategic partnerships for underwriting growth. Website:
Zawya
05-02-2025
- Business
- Zawya
Al Habtoor Group unveils Al Habtoor Palace Budapest
UAE - Al Habtoor Group has officially launched its ultra-luxury brand, Al Habtoor Palace Budapest, marking the debut of an Emirati luxury hospitality brand in Europe. The opening celebration took place at the hotel's location in Erzsébet Tér in the Hungarian capital, bringing together diplomatic dignitaries, business leaders, industry professionals, and international media to witness the unveiling of this exceptional property. The launch of Al Habtoor Palace Budapest is a strategic milestone for Al Habtoor Group, aligning with its 55th anniversary and reinforcing its global expansion strategy. The new ultra-luxury hotel represents a harmonious fusion of Dubai's legendary hospitality standards with Budapest's rich European heritage, bringing a new level of refinement to the city's luxury hospitality landscape. Khalaf Ahmad Al Habtoor, Founding Chairman of Al Habtoor Group commented: 'The launch of Al Habtoor Palace Budapest is not just the opening of a new hotel—it marks a bold new chapter in our Group's hospitality brands' expansion into Europe and beyond. This is a strategic move that underscores our long-term vision to grow Al Habtoor Group's global footprint and bring our legacy of excellence to new markets.' He added, 'For over five decades, we have built more than just businesses—we have built institutions that set new standards. The launch of Al Habtoor Palace Budapest is a testament to our commitment to pioneering Arab excellence on the world stage. This is just the beginning, as we continue to explore opportunities for further investment and expansion in Budapest and beyond. 'Al Habtoor Palace Budapest is a milestone in the evolution of our hospitality arm, a reflection of our belief in growth, innovation, and luxury without compromise. It is the dawn of a new era for Habtoor Hospitality, and I look forward to seeing our vision take shape in the years to come.' Mohammed Al Habtoor, Vice-Chairman & CEO of Al Habtoor Group remarked: "Al Habtoor Palace Budapest is more than just a luxury hotel—it represents a new standard of hospitality, blending the finest elements of our Dubai-born heritage with Budapest's storied charm. Our mission has always been to deliver exceptional experiences, and with this launch, we are bringing the renowned warmth and service of Al Habtoor Hospitality from Dubai to Europe. 'This is a defining moment for our hospitality division, as we introduce a brand that embodies personalised service, world-class amenities, and a commitment to excellence. We are thrilled to welcome our guests to experience the pinnacle of luxury at Al Habtoor Palace Budapest.' In a move that further solidifies its position as a world-class luxury destination, Al Habtoor Palace Budapest announced that it is officially joining the Preferred Hotels & Resorts' Legend Collection—the highest tier in the brand's portfolio, which features some of the most iconic and sought-after independent hotels globally. This exclusive partnership grants guests access to the 'I Prefer Hotel Rewards program', the world's largest loyalty program for independent hotels, allowing them to enjoy exclusive member benefits, upgrades, and VIP services across Preferred Hotels & Resorts properties worldwide. Rahim Abu Omar, General Manager of Al Habtoor Palace Budapest, commented: 'Becoming part of the Preferred Hotels & Resorts' Legend Collection is a testament to the unparalleled quality and experience we offer at Al Habtoor Palace Budapest. This partnership will allow us to reach discerning travellers who seek the highest standards of luxury and personalised service. We are proud to join this distinguished Collection and look forward to welcoming global travellers to experience the sophistication and warmth that define our brand.' 'We are honoured to welcome Al Habtoor Palace Budapest as the newest member of Preferred Hotels & Resorts' esteemed Legend Collection, following the inclusion of its sister property, Al Habtoor Palace Dubai, last October,' said Lindsey Ueberroth, CEO of Preferred Hotels & Resorts. 'This marks the continuation of a successful partnership, united by our shared passion for creating extraordinary, independent hospitality experiences.' Brenda Collin, Executive Vice President of Europe for Preferred Hotels & Resorts, added: 'This partnership further strengthens our expansion in Central Europe, seamlessly blending the region's rich heritage with the world-class service of Al Habtoor Group, setting a new standard of luxury. Al Habtoor Palace Budapest is a valuable addition to our global portfolio, elevating the travel experience for discerning guests around the world.' With Budapest's growing reputation as a luxury travel destination, Al Habtoor Group has identified the city as the ideal gateway for expanding its ultra-luxury brand into Europe. The Group has been invested in Hungary since 2012, making it one of the largest Arab and foreign investor groups in the country. Al Habtoor Palace Budapest distinguishes itself through personalised luxury, culinary excellence, and unparalleled guest benefits. With this expansion, Al Habtoor Group is redefining what it means to stay in Budapest, introducing a transformative hospitality experience that celebrates both heritage and modern luxury. The Al Habtoor Hospitality story began in 1979 with the launch of the Metropolitan Hotel in Dubai, marking the birth of homegrown hospitality in the UAE. As Dubai evolved into a global hub for luxury, innovation, and bespoke experiences, so did Al Habtoor Hospitality, setting new standards in excellence and refinement. Today, Al Habtoor Hospitality operates 14 hotels worldwide, spanning the United Arab Emirates, the UK, the USA, Austria, Hungary, and Lebanon. With this foundation, Al Habtoor Hospitality became the first pioneering Arab hospitality brand in Dubai, leading the way in world-class service, iconic developments, and groundbreaking hospitality concepts. Now, with the launch of Al Habtoor Palace Budapest, it also becomes the first Arab hospitality brand to enter the European market, bringing its signature Arabian warmth, impeccable service, and unparalleled luxury to the heart of Central Europe. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
