Dubai's Emaar Properties , the builder of the world's tallest tower, has sold one of its hotel assets to an Abu Dhabi-based real estate firm for an undisclosed amount.
Eshraq Properties said in a statement on Saturday that it has acquired Nuran Marina, a serviced hotel apartment owned by Emaar and located in the up-market Dubai Marina area.
Emaar was not immediately available for comment.
Dubai's largest developer has looked to shift away from its home market where real estate prices have slumped by more than 60 percent in the aftermath of the debt crisis in 2009.
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