UAE property giant will be world's largest

Emaar Properties, the UAE’s largest property developer, is still finalising the details of its planned merger with Dubai Properties, Sama Dubai and Tatweer, property firms owned by the business conglomerate Dubai Holding.

With combined assets of Dh194 billion (US$52.81bn), the proposed entity would be the largest property developer in the world.

“It will take some time, as it is a big exercise to merge big companies who have got a lot of assets, but we are on time,” said Ahmad al Matrooshi, the managing director of Emaar Properties UAE.