State-Owned Dubai Development Seeks Merger, Acquisition Options - Gulf Business:
"Dubai Development, a partially state-owned real estate developer that is listed on the Dubai Financial Market (DFM), announced that it is currently seeking offers for merger or acquisition.
The company, which developed the Mirdif residential area of Dubai, said that the move followed a strategic review and has received approval from its shareholders and board.
Formed in 1975 to support the residential development of Dubai, and listed on the DFM in 2007, the company is partly owned by Dubai Government, the Al Mulla Group, and the Al Owais family.
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