Dubai developer Emaar weighs up retail spin-off!! Emar properties said the current environment makes it good time for Dubai property developer to consider spinning off its retail business into a seperate company to increase investor returns. Emaar, owner of the world’s biggest shopping mall by floor space, relied on revenue from its malls and hotels for growth when the 2008 collapse of Dubai’s property market caused demand for homes and offices to evaporate. The developer’s third-quarter profit surged 50 per cent amid a recovery in Dubai that followed gains in hotel visitors and shopping tourists. Read more: thenational.ae/business/property/dubai-developer-emaar-weighs-up-retail-spin-off#ixzz2lYdfqjLA
Posted on: Sun, 24 Nov 2013 09:25:25 +0000
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