Emaar Misr negotiating over Sheikh Zayed plot status

Real estate developer Emaar Misr is still negotiating with authorities over paying fees levied after it changed the purpose of a land plot in Sheikh Zayed to housing, the company said in a bourse filing. The company denied a report by Al Mal newspaper that said the ownership of 80 feddans, which equals 50% of the plot’s total area, was revoked.