Dubai, UAE – Dubai Holding and Dubai State Investment Corporation announced the completion of a deal under which Dubai Holding acquired a 22.27% ownership stake in Emaar Properties from Dubai State Investment Corporation. Accordingly, Dubai Holding’s total stake in Emaar Properties rose to 29.73%, becoming the company’s largest shareholder.
Emaar Properties, listed on the Dubai Financial Market, is one of the largest real estate development companies in the Middle East. It has a diversified portfolio that includes residential, commercial, hotel and retail assets.
The group also has an established presence in the Middle East, North Africa, Asia and Europe, supported by a strong development portfolio and high-quality income-generating assets.
This deal represents a strategic investment in «Emaar Properties», reflecting Dubai Holding’s confidence in the company’s position, the quality of its assets, and its long-term growth prospects. In addition to confidence in the solid foundations of Dubai’s economy and real estate sector. The deal also strengthens the strategic partnership between Dubai Holding and Emaar Properties. Based on a long-term relationship supported by multiple partnerships and ongoing collaboration within key joint projects.
Dubai Holding is a diversified global investment company with investments in more than 30 countries, and a broad portfolio worth more than AED 500 billion in assets across key sectors including real estate, hospitality, entertainment, retail, media, and investments.
