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19 March 2024

Emaar says Dubai real estate head to leave

Ninety-three companies have agreed to invest in the city, says Emaar the Economic City chief Fahd Al Rasheed. (File)

Published
By Reuters

Emaar Properties said on Monday that the head of its Dubai real estate business would leave the firm at the end of the year.

"We would like to clarify that Robert Booth, CEO of Emaar Dubai Real Estate, will continue to handle his responsibilities until the end of the year 2014," Dubai's largest developer said in a bourse filing.

The firm added that it would make a further announcement on its organisational structure at a later date.

Emaar Properties shares rocketed 13.7 per cent on Sunday, pushing the Dubai index up 9.9 percent.