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April 2016

Emaar Split from Mgf for focus on development

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27 April 2016, Dubai-based real estate developer Emaar Properties had denied news reports of separation with MGF Development, its 49 per cent Indian joint venture partner in Emaar MGF Land. Back then, Emaar better known for constructing the worlds tallest building, Burj Khalifa had termed India as a key market and rubbished speculation of a…

Dubai Based Emaar Group demerge from Indian Partner Mgf

emaar-mgf-demerge in india

Dubai developer Emaar Properties will be “reorganising” its India unit Emaar MGF Land Limited via a demerger from the 11-year-old joint venture, the company announced on Wednesday. “In order to lend greater focus on its Indian operations and for the purpose of developing the potential for further growth and expansion of the business, Emaar Properties…