PROPERTY PAYOUT
Emaar leads Dubai rally with dividend boost for shareholders
The company’s 14% surge on the Dubai Financial Market led the exchange’s benchmark index to its highest level in almost a decade, rising 4.5%
A view of the Dubai Fountain next to Emaar's Burj Khalifa tower in Dubai (Getty Images)
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Dubai’s property boom prompted Emaar, the city’s largest publicly traded developer, to provide shareholders with a big return. The move sent its stock soaring on Monday to a 17-year high.The company, founded by Mohamed Alabbar, announced on Friday that...