Kotak Realty invests Rs 2.5 bn in Emaar MGF projects

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India's Kotak Realty Fund, a unit of financial services firm Kotak Mahindra Bank, has invested 2.5 billion rupees (around $53.68 million) in two projects of Emaar MGF, a top official said on Thursday. Emaar MGF is a joint venture between Indian lender MGF and Dubai's Emaar Properties, which is best known for its Burj Khalifa tower in Dubai, the world's tallest building.

Emaar Properties executes first fixed-income offering

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Emaar Properties has priced its first international fixed-income offering, raising $500 million via the issuance of trust certificates with a maturity of 5.5 years at a yield of 8.500 per cent.

Malls and hotels lift Emaar profits

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Homebuyers may be scarce in Dubai, but bargain hunters in the emirate’s biggest mall helped profits more than triple at Emaar Properties, the developer of the world’s tallest tower.

Emaar Properties may face criminal charges

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State government to file criminal charges against Emaar Properties for causing it a loss of about Rs 500 crore. These and other recommendations are compiled in its much-awaited report likely to be submitted to the Chief Minister on Saturday.