Emaar Properties gets a Dubai Mall-sized lift to bottom-line after merger move
(WorldNews Business)

Dubai: It pays to have The Dubai Mall directly on your books. All 500,000 plus square metres of retail area that the mall encompasses. That`s exactly what Emaar Properties will get back as soon as its shareholders as well as those of Emaar Malls give the signal for the merger to go ahead. It was late on Tuesday (March 2) that one of the region`s biggest developer confirmed plans to bring the mall and retail unit back into its fold. It was in 2014 that Emaar Malls was listed on the local stock market. At the time it was felt that a standalone entity would drive higher growth and shareholder returns. Emaar Properties derives the bulk of its current revenues from its pipeline of offplan...