Dubai’s Emaar, Amlak target partnership agreement

25 Jun 2015

(MENAFN) Emaar Properties and Amlak Finance, the Islamic lender, are mulling over a strategic partnership agreement that will see the two entities working together to develop land in several areas, Arabian Business reported.

Additionally, Amlak chief commercial officer noted that his firm is also looking to sign another deal with Dubai’s Land Department to bring around hindered projects.

“[We] recorded an amortization or unwinding of an initial fair value gain recognized on investment deposits at the time of restructuring,” Amlak said in a statement.

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