Emaar Plans Namshi Sale to Noon for $335.2mn

Emaar Plans Namshi Sale to Noon for $335.2mn

Dubai’s real estate developer Emaar Properties plans to sale its fashion platform Namshi to e-commerce company Noon for a cash consideration equity value of $335.2mn following its board approval on 19 August. DFM (Dubai Financial Market) has suspended trading on Emaar...
Emaar Plans Namshi Sale to Noon for $335.2mn

Emaar Properties Reports Trebling of Sales

Emaar Properties reported a real estate sales of AED 26bn ($7.1bn) in 9M2021, 3x the sales for the same period last year. Its Dubai market sales were 5x that of last year. Net profits for 9M2021 were at AED 2.6bn ($702mn), 25% higher YoY. Emaar said it has a...
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