Dubai-Mubasher: Emaar Properties has purchased a stake in South Africa's Mirage and Leisure for Real Estate Development, MEED reported, citing the UAE company's spokesperson.
However, she did not give further details about the deal, noting that Mirage and Leisure has delivered projects worth $6.43 billion in Africa, Pacific Ocean and Middle East.
The South African company carried out several projects in the UAE, including Bluewater, Waterfront and Jumeirah City.
Emaar posted earnings of nearly AED 1.034 billion ($281 million) for the fourth quarter of 2015, compared with AED 1.045 billion ($284 million) in the same period a year ago.
