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Asharq Al-Awsat

Business

Asharq Al-Awsat

UAE's Emaar Fully Acquires Dubai Creek Harbor

Emaar Dubai UAE Noon WAM

The logo of Dubai's Emaar Properties on a building under construction in Dubai, UAE, March 3, 2016. REUTERS/Ahmed Jadallah/File Photo

Shareholders of Emaar Properties approved the acquisition of Dubai Creek Harbor from Dubai Holding, state news agency WAM reported.

They also approved the sale of Namshi to Noon for a total cash consideration of AED 1.231 billion ($335.2 million), representing a premium of AED 127 million on the total investment by Emaar Malls Management in Namshi.

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