New Delhi, Sept. 25 -- AS THE BUILDER of the world's tallest skyscraper and one of its biggest shopping malls, Emaar Properties embodies Dubai's ambitions-and its resilience. Almost 20 years ago the global financial crisis struck just as the 828-metre Burj Khalifa was about to open its doors. Emaar's American unit filed for bankruptcy, the group's profits sank and debt ballooned. Five years ago, amid the covid-19 pandemic, Emaar came to the aid of its mall unit, buying out minority shareholders.

Published by HT Digital Content Services with permission from MINT....