Emaar Properties to acquire Dubai Creek Harbour from Dubai Holding for $2bn.

Emaar Properties, a real estate developer, agreed to acquire Dubai Creek Harbour, a luxury residential project, from Dubai Holding, a REIT, for $2bn. "The transaction will be beneficial to EMAAR shareholders as it will allow EMAAR full control over the strategically located land assets of Dubai Creek Harbour, including entitlement to 100%. of its generated profit. This will reinforce EMAAR’s position as MENA’s largest integrated and most diversified real estate company and will boost the financial and operational resilience of the combined entity via increased scale, and improvement in the portfolio mix," Emaar Properties.