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Emaar completes Dh2.2bn hotels sale deal

Emaar completes Dh2.2bn hotels sale deal

Impact of the transaction will be reflected in the company’s first quarter earnings Emaar Properties, the UAE’s biggest-listed property developer, said it completed its Dh2.2 billion hotels sale deal as part of a wider strategy to focus on the core business of hotel management and move away from asset ownership. Emaar Hospitality, a subsidiary of…