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المشهد العربي
Emaar Hotels Reach 60 Percent Occupancy
The article discusses the state of the real estate and entertainment markets in the region, focusing on Emaar Properties' hotels, which recorded occupancy rates of around 60%, and a 15% decline in sales of shopping centers despite stable visitor numbers. Mohamed Alabbar explained that this decline is natural following five years of continuous growth, and that real estate sales may decrease by up to 50%, while revenues remain stable. He pointed out the company's success in managing cash flows, extraordinary dividend distributions, and completing numerous projects in Syria valued at nearly $15 billion, with contract signing expected in October and a gradual improvement in stability there.
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