Dubai’s Emaar Says Looks To Sell Land Plot, No Deal Yet

Emaar said the sale of the land, which is yet to be concluded, was in the “normal course of business”.



Emaar Properties, Dubai’s largest listed developer, said on Tuesday it was looking to sell a land plot in downtown Dubai and had received some offers for it, but no deal had been concluded yet.

In a brief bourse statement commenting on a report by local media, Emaar said the sale was in the “normal course of business”. It did not confirm or deny the Dhs303 million ($82.5 million) figure mentioned in the report as the sale price.