Dubai's Emaar Properties has offered to buy the remaining shares of its construction division Emaar Development for 15 dirhams ($4.08) per share, Bloomberg reports. The deal values the company at 60 billion dirhams ($16.3 billion). The offered price exceeds the share price at the last trading close, but remains significantly lower than the levels observed before the outbreak of the regional conflict. Currently already owns a little more than 79% of the developer's shares.