Dubai developer Emaar puts $1.4bn in assets on sale amid downturn | Financial Times:
Emaar is selling hotels, clinics and schools as Dubai’s leading developer seeks to raise funds by disposing of non-core assets in the midst of a property slump in the Gulf’s business hub.
Dubai-based Emaar, chaired by influential businessman Mohamed Alabbar, was closing in on a deal with several interested parties, people briefed on the process said.
Emaar, in which the government holds about a 30 per cent stake, was seeking up to $1.4bn for the assets, the people said.
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