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Emaar Development buys new land in Dubai for $790m
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Emaar Development buys new land in Dubai for $790m
Emaar Development, the UAE development arm of Emaar Properties, has acquired a new land plot in Dubai for the potential expansion of its master communities. The land, the size of which was not disclosed, was acquired for AED2.9 billion ($790 million) from Amlak Property Investment in Ras Al Khor, the developer said in a statement. The deal is expected to be completed by July 31. Ras Al Khor is home to a wetland reserve for migratory birds in Dub…
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