Emaar Properties (Emaar) is reported to be considering the flotation of overseas units and its hotels arm to generate more growth capital and to return cash to shareholders. A representative from the company was quoted as saying that the company is looking to monetise core assets through further initial public offerings of business divisions, such as its Turkish and Indian units, or through the creation of real estate investment trusts (REITs). Independent listed companies for individual segments or international arms of its group are being created to provide the businesses with appropriate financial and operational means to grow faster and become among the most successful companies in their industries. The timing of such deals would be subject to market conditions. (The National)