x Abu Dhabi, UAESunday 23 July 2017

Dubai's Emaar signs $500m loan for Turkey property project

Emaar Properties, Dubai's largest listed developer, has signed a $500 million loan to help finance a property project in Turkey, the company said today.

Emaar Properties, Dubai's largest listed developer, has signed a $500 million loan to help finance a property project in Turkey, the company said in a statement released today.

The facility, which runs for seven years, was provided by a consortium of banks including Emirates NBD, HSBC and Standard Chartered.

The Turkish development, called Emaar Square, will host residential and commercial property as well as Turkey's largest shopping mall, the company said.

* Reuters