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September 28
Strong liquidity flowed into Emaar Properties shares in the Dubai Financial Market, exceeding 100 million dirhams in the middle of Thursday’s session, and the share price touched the level of 8 dirhams (7.99 dirhams) again after rising 3.37%, and 13.5 million shares of the company’s shares were traded. The shares of “Emaar Development” also recovered to the level of 7 dirhams, rising by 2.34%. The Dubai market index rose 0.25% to 4152 points mid-session.
Emaar Properties is exploring opportunities to establish residential complexes in the Kingdom of Saudi Arabia, which is witnessing a construction boom. The company is in talks with the Ministry of Housing in the Kingdom to build large mixed-use projects, according to Emaar founder Mohamed Alabbar, and reported by Bloomberg.
Al Abbar said in an interview in Abu Dhabi that the company may begin work on the residential project, which includes 4,000 units, when an agreement is reached.
