15/01/2026 01:26 AST

Emaar founder Mohamed Alabbar has announced that the tender for the construction of Dubai Creek Tower will be launched within the next three months, marking a significant step forward for one of the emirate's most ambitious architectural projects.

Speaking at the Dubai International Project Management Forum (DIPMF) 2026, organised by Dubai's Roads and Transport Authority (RTA), Alabbar said the tower's design has undergone several revisions, resulting in what he described as a "beautiful" new concept.

He noted that the current phase of development is focused primarily on refining the project's visual identity and aesthetic appeal.

Dubai Creek Tower, first unveiled as a future global landmark, has long been positioned as a centrepiece of the Dubai Creek Harbour master development. While construction was paused in recent years, the renewed momentum signals Emaar's intention to reposition the tower as a defining feature of Dubai's next phase of urban growth.

Alabbar did not disclose further technical details but indicated that the redesign reflects a shift towards a more refined architectural expression, aligning with Dubai's broader emphasis on iconic, experience-driven destinations.

The tender announcement is expected to draw interest from leading global contractors, particularly as large-scale developments regain pace across the region. Industry observers say the project's revival also reflects growing investor confidence in Dubai's long-term real estate and tourism fundamentals.

Once completed, Dubai Creek Tower is expected to become a major attraction within the waterfront district, reinforcing the emirate's reputation for bold, future-facing architecture.


Gulfnews

Emaar to unveil Dh200 billion Dubai masterplan for 150,000 residents

12/06/2026

Emaar Properties is preparing to unveil a Dh200 billion master-planned development in the heart of Dubai, in what the company says will be one of the largest urban districts it has ever conceived.

Gulfnews

Dubai Holding becomes Emaar Properties' largest shareholder

13/05/2026

Dubai Holding and the Investment Corporation of Dubai (ICD) have announced the completion of a transaction under which Dubai Holding has acquired a 22.27 per cent equity stake in Emaar Properties PJS

Trade Arabia

Emaar Properties Q1 revenue hits $3.4 billion; profit before tax $2bn

12/05/2026

Emaar Properties delivered a strong start to the year 2026, supported by sustained demand across its core segments, disciplined execution, and the Group's diversified business model, the company said

Trade Arabia

Ticker Price Volume
EMAAR Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
ALDAR 7.74 0.54 (7.50%)
EMAARDEV 14.14 1.04 (7.93%)
ERES 0.87 0.01 (1.16%)
TECOM 3.31 -0.01 (-0.31%)
MABANEE 994.00 14.00 (1.42%)
NBK sponsors 2nd Kuwait Forum of Major State Development Projects -- ENCON 5

15/06/2026

National Bank of Kuwait (NBK) is sponsoring the Second Kuwait Forum of Major State Development Projects (ENCON 5), organized by the Kuwaiti Federation of Engineering Offices and Consultant Houses in

Kuwait Times

Shalfa secures contract to provide FM services at Qassim school buildings

15/06/2026

Saudi-based Shalfa Facilities Management Company has announced that it has secured a contract worth SAR366.4 million ($97.5 million) from Tatweer Buildings Company for providing FM services at its sc

Trade Arabia

Kingdom Holding's SpaceX stake jumps nearly 53% to $6.8bn after IPO

15/06/2026

Saudi Arabia's Kingdom Holding Co. said the value of its stake in SpaceX has risen to about $6.83 billion following the aerospace and technology company's debut on the Nasdaq stock exchange.

Arab News

Zain highlights digital readiness as key to Kuwait's capital market future

12/06/2026

Zain participated in a high-level roundtable discussion hosted by global media group The Business Year, in collaboration with the Kuwait Direct Investment Promotion Authority (KDIPA), under the title

Kuwait Times

Gulf Bank welcomes GUST students as they begin summer semester in person

12/06/2026

Gulf Bank welcomed students of Gulf University for Science and Technology (GUST) as they returned to campus for in-person classes at the start of the summer semester.

The Bank's team was pre

Kuwait Times