Emaar downplays debt burden of Dubai property merger (Zawya)

DUBAI, Jun 28, 2009 (AFP) – Dubai real estate giant Emaar Properties Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets.

Emaar downplays debt burden of Dubai property merger (Sydney Morning Herald)

Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion US dollars, seven percent of combined assets.