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Emaar says focusing on 2 projects worth AED200bn

Emaar says focusing on 2 projects worth AED200bn
Photo Credit: Arabianeye-Reuters
Emaar
EMAAR
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Dubai – Mubasher: Emaar Properties is continuing with growth and expansion in ambitious joint projects in Dubai, said Chairman Mohamed Al Abbar.

Al Abbar was re-elected board chairman during an ordinary general meeting held Wednesday.

The top official added that his company is currently focusing on two mega joint projects in Dubai, whose value exceeds AED 200 billion ($55 billion).

The company’s shareholders approved the distribution of cash dividends at 15% of capital, or AED 1.074 billion ($292 million).

‘Khor Dubai’ project, which is currently developed joining hands with Dubai Holding, and ‘Dubai Hills Estate’, a joint project with Marasi Holding, are two exceptional projects for Emaar, according to Abbar.

He also stressed Emaar’s efforts to boost its performance and develop key real estate assets in Dubai and global markets.