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31 July 2009

* Emaar 1.3Bil Loss

A handout picture made available by developers Emaar in April 2008 shows an aerial view of the Downtown Burj Dubai complex. Dubai property giant Emaar posted a second-quarter net loss of 1.3 billion dirhams (350 million dollars) as a slowdown in the American real estate market forced it to write off the entire value of its US unit John Laing Homes. 
(afp/yahoo)

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