Dubai – Mubasher: UAE’s leading developer Emaar Properties affirmed Sunday the acquisition of a stake in South Africa's Mirage Leisure and Development.
“Such a step is key for the company’s strategy in shopping malls and hospitality sectors,” the company said in an email statement to Mubasher, adding that it will work with Mirage on launching the Opera house project in downtown Dubai.
Mirage Leisure has delivered projects worth $6.43 billion in Africa, Pacific Ocean and Middle East, according to media reports.
The South African company carried out several projects in the UAE, including Bluewater, Waterfront and Jumeirah City.
