(Reuters) - DUBAI, July 16 - Emaar Properties missed
analysts' second-quarter profit forecasts as expansion costs
surged, land sales fell in its home market of Dubai, and
mortgage turmoil hurt operations in the United States.
The largest Arab property developer by market value said it
hoped to conclude a deal to give the Dubai government a majority
stake, possibly this year, after months of uncertainty that have
weighed on its stock.
Read more at Reuters.com Market News
analysts' second-quarter profit forecasts as expansion costs
surged, land sales fell in its home market of Dubai, and
mortgage turmoil hurt operations in the United States.
The largest Arab property developer by market value said it
hoped to conclude a deal to give the Dubai government a majority
stake, possibly this year, after months of uncertainty that have
weighed on its stock.
Read more at Reuters.com Market News
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