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Emaar Properties is considering cancelling three of its projects after receiving a petition from investors.

An Emaar spokeswoman told Reuters the firm had received a petition in connection to the Emaar Investor Group requesting the cancellation or postponement of its Asmaran, Maysan and Warsan schemes.

鈥淓maar Properties has received a petition from investors regarding some of its projects and will consider their proposals seriously,鈥� she said in a statement. 鈥淓maar is committed to upholding the interests of all our customers and stakeholders and appreciate their concerns, especially given the current economic conditions.鈥�

The Asmaran, Maysan and Warsan projects were launched in May and June 2008.

Contractor Arabtec won the 599m dirham deal to build villas at the Warsan development in July 2008.