Emaar Properties (Emaar) has bought a stake in Mirage Leisure & Development, a South African project development and management consultancy firm. Mirage is estimated to have delivered USD6.43 billion worth of schemes across African, Indian Ocean and Middle Eastern regions. Those include: i) USD2 billion Bluewater and Dubai-I project for Meraas Holding; ii) USD850 million Deira Dubai Creek Waterfront project for Nakheel Properties; iii) the Madinat Jumeirah project for Jumeirah Group; iv) Emaar’s USD350 million The Address Downtown, Armani, and Al-Manazil hotels; and iv) USD830 million St Regis Resort on Saadiyat Island, which is owned by Abu Dhabi’s Tourism Development Investment Company (TDIC). Moreover, Emaar has been working with Mirage on several projects, including the USD300 million Opera District in Downtown Dubai. Mirage is also managing a project at Emaar’s Dubai Creek Harbour development, which includes building 500,000 sqm of retail and 500,000 sqm of mixed-use space. (MEED)