Emaar Properties raises $1.3b in biggest Dubai share sale in 3 years

Emaar Properties raises $1.3b in biggest Dubai share sale in 3 years

An Emaar Properties PJSC sign stands beside billboards promoting the Opera district developments near the Burj Khalifa tower in Dubai, United Arab Emirates, on Friday, Nov. 7, 2014. Photographer: Chris Ratcliffe/Bloomberg

Emaar Properties PJSC raised 4.82 billion dirhams ($1.31 billion) from the sale of a 20 percent stake in its United Arab Emirates development business, pricing the initial public offering at the bottom of a revised range.

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