Dubai-based Emaar Properties and its Turkish partner Atasay could invest up to EUR 37 bn in Turkish real estate, Atasay's ceo Cihan Kamer and Emaar Turkey's general manager Ozan Balaban said during an interview on CNN Türk. The Dubai-based group Emaar announced last month the development of a landmark 1.7 million m[sup]2[/sup] residential project in the country valued at $700 mln.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
