Emaar to list UAE real estate development business in Dubai

Dubai developer Emaar has announced plans to list 30 per cent of its UAE real Estate Development business on the Dubai Financial Market (DFM).

The funds raised through the sale of equity will be primarily distributed as dividends to Emaar’s shareholders, a statement said.

The IPO will be the largest since the Emaar Malls IPO, which which raised Dhs5.8bn in 2014, it added.

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