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Disquiet over Dubai property king's outside deals

Shareholders stirred by Emaar's brain drain and chairman's involvement in other firms' projects

Despite ill-fated expansions into the US and India, Emaar remains Dubai's property market leader.

Mr Alabbar's involvement in other firms' projects - a planned US$45 billion city in Egypt and developments from west Africa to the Balkans - has raised eyebrows.


AS chairman of Emaar Properties , Mohamed Alabbar has shaped much of Dubai's skyline, but rapid growth in his outside real estate interests is raising the possibility of a rarity in the Gulf - open shareholder dissent.

Speculation persists that Mr Alabbar and Emaar, the...

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