Lawsuit filed against Emaar Misr over Marassi land plot

DISPUTE WATCH- Emaar Misr sued over Marassi land plot: Businessman Waheed Raafat has filed a legal case against Emaar Misr claiming to own 400 feddans of the land plot on which real estate developer Emaar Misr has built its Marassi compound in Sahel, Reuters reports. The first court hearing for the case has been scheduled for 2 September, according to Raafat’s lawyer. Emaar said in a statement to the bourse (pdf) that Raafat’s legal challenge over the status of the land is “baseless,” maintaining it purchased the land from the government through an auction. The company also said the land plot has been legally registered, a process that involved reviewing any claims to the land.