Emaar Misr, in a statement to the Egyptian Stock Exchange, said today that it confirms that "the claim of one person's ownership of part of the land of the project (Marassi) and the lack of any legal basis to support it," stressing that «the land of the project» "Marassi" has been registered Finally notarized by the Real Estate Registration Office in the name of Emaar Misr, after the real estate review all claims submitted by others, including the claim (Alkedi) mentioned and decided the real estate after examination and study to complete the registration procedures for the benefit of Emaar Misr and not to count these claims (false) » .
She added: «(Emaar) bought land (Marassi) by auction from the state has been paid the price of the land in full and there is nothing to worry about in this regard».
Emaar, in its statement to the exchange, said it would "deal with these false allegations."
Emaar Misr's investment portfolio is about 53 billion pounds ($ 3.2 billion), according to its website.
"What is being raised will not have a significant financial impact on the company," Emaar Misr said.