10 December 2009
Emaar Properties said yesterday it had cancelled plans to merge with three of Dubai Holding's property subsidiaries because it was "economically unfeasible".

Emaar said in June it was in talks to merge with Dubai Properties, Sama Dubai and Tatweer and said in Novem-ber that "technical talks" on the merger would be done in a month.

"Studies have proven that the plan to merge is economically unfeasible at the moment," Emaar said.

© 7Days 2009