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16-03-14

Dubai's Emaar to sell 25 percent stake in Dubai Mall

(MENAFN) Dubai's Emaar Properties plans to sell up to 25 percent of its shopping mall and retailing unit in a public offer, according to Arab News. The company is expected to raise as much as USD2.18-2.45 billion, becoming the region's largest equity offers since 2008. Dubai-listed Emaar's flagship mall, Dubai Mall, has attracted more than 75 million visitors in 2013, and is considered as one of the largest in the country.