RELATED ARTICLES: Emaar strengthens 'brotherhood spirit' at Iftars | Emaar first-half profits fall more than half | KSA sets aside 8000 hectares for mega housing push Emaar Properties, the Dubai developer, has launched a subsidiary company that will focus on the development of affordable housing projects across the Middle East. The company, Dewahi Development, will be a separate entity but wholly owned by the Emaar, the listed property firm behind the Burj Khalifa and Downtown Burj Dubai. It will develop 'value homes' at affordable prices and create employment opportunities for the communities where the projects are situated. The move is a departure for Emaar, a listed developer more commonly known for luxury living units, such as the apartments in Burj Khalifa and Downtown Burj Dubai.