Emaar’s ambitious new retail project at Dubai Creek Harbour could potentially be bigger than its flagship Dubai Mall
A special resolution to remove the minimum contribution of UAE and GCC nationals in the company was also passed
The Dhs7.5bn deal will make Dubai Holding the second largest shareholder of Emaar
Located in the centre of Dubai Creek Harbour the new retail hub will include a Chinatown, a waterpark and an Art District
The $1bn Dubai Creek Tower is anticipated to be completed by 2020
The company blamed the move on slowdown in new project contracts