Post by : Bianca
Haleem
Dubai Holding has successfully secured a 22.27 percent stake in Emaar Properties through a transaction with the Investment Corporation of Dubai (ICD), elevating its total ownership to 29.73 percent. This move positions Dubai Holding as Emaar's largest stakeholder.
This acquisition reflects a significant strategic commitment by Dubai Holding, affirming its confidence in Emaar Properties' robust market performance, premier assets, and future growth trajectory. The transaction also illustrates faith in Dubai’s resilient economy and thriving real estate landscape.
The deal reinforces the enduring strategic alliance between Dubai Holding and Emaar Properties, who have engaged in numerous joint ventures and partnerships over the years across various industries.
Emaar Properties, traded on the Dubai Financial Market, stands as one of the preeminent real estate developers in the Middle East, boasting a vast portfolio that spans residential complexes, commercial ventures, hospitality services, and shopping destinations.
Additionally, Emaar has established a compelling international footprint throughout the Middle East, North Africa, Asia, and Europe. Its growth is bolstered by a strong development pipeline and an array of income-generating assets.
As a diversified global investment firm operating in over 30 countries, Dubai Holding manages assets exceeding AED 500 billion across sectors such as real estate, hospitality, entertainment, retail, media, and investments.
This latest acquisition is anticipated to fortify Dubai Holding’s standing in the real estate market while enhancing its strategic partnership with Emaar Properties.
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