2/19/2008

Emaar set to buy prime real estate in Istanbul

Today's Zaman - Emaar Turkey, the country subsidiary of Dubai-based Emaar Properties PJSC, has signed an agreement to purchase 73,571 square meters of prime real estate in İstanbul from Toprak Holding. Dr. Nader Mohammed, the regional managing director at Emaar International, said Turkey was one of the key emerging markets for Emaar and that they were exploring various development options in the country. “The new land deal will be a step forward in our efforts to build a strong development portfolio in Turkey and introduce world-class master-planned communities similar to our projects around the world,” he noted.

ENGLISH