By Claire Ferris-Lay
Property firm chief says speculation over $4.3bn merger 'not good for the market'.
The CEO of Dubai developer Deyaar refused to comment on Monday on speculation that the company was in talks with Union Properties regarding a possible merger.
Deyaar CEO Markus Giebel said such speculation was "not good for the market" when asked by Arabian Business about an earlier news agency report saying Deyaar was mulling the $4.3 billion merger.
A spokesman for Union Properties said they did not know anything about any proposed merger.