INVESTMENT WATCH- Per Bloomberg this morning: Dubai-listed Emaar Properties “will sell 20 percent of its real-estate development business, according to emailed statement on Sunday.” News of the offering on the Dubai Financial Market sent the company’s shares down 2% as investors had expected a larger sale. “The market expected Emaar Properties to distribute a one-off dividend of AED 1 per share, but a 20 percent sale would mean a dividend distribution of AED 0.67 per share based on the AED 24 bn valuation,” one analyst told Reuters.

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