BRIEF-Dubai to take over Dubai Bank with immediate effect

May 16 (Reuters) - Emaar Properties (pjsc):

* Dubai government says to take over Dubai Bank with immediate effect -

statement

* Dubai government says will make adequate capital injection into Dubai bank

* Government takeover to dilute complete holding of Dubai bank's current

shareholders

* Dubai government says decided to act swiftly to ensure preservation of all

Dubai bank's depositors interests

* Intervention to look at options for Dubai Bank's future; possible merger with

another bank

* Dubai government says UAE central bank and ministry of finance extended

support to Dubai government to take over Dubai Bank

* Dubai government says current management will not be affected by move COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.