Dubai’s Emaar Says Looks To Sell Land Plot, No Deal Yet

Emaar Properties, Dubai’s largest listed developer, said on Tuesday it was looking to sell a land plot in downtown Dubai and had received some offers for it, but no deal had been concluded yet.

In a brief bourse statement commenting on a report by local media, Emaar said the sale was in the “normal course of business”. It did not confirm or deny the Dhs303 million ($82.5 million) figure mentioned in the report as the sale price.