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Emaar in Dubai approves IPO for its real estate division

By addone, October 26, 2017 | Business Real Estate

Construction Business News reports:

“Dubai-based developer, Emaar Properties’ board, has approved the initial public offering (IPO) of its real estate development subsidiary, Emaar Development, to happen as soon as next month, the company said on the Dubai Financial Market (DFM).

Emaar Properties expects to sell 20% of the company in the offering, consistent with its stated strategy of bringing subsidiary companies to market once they have reached sufficient maturity.”

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Dubai: Emaar approves IPO for its real estate division

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