Dubai Holding has become the largest shareholder in Emaar Properties after acquiring the full stake previously owned by Investment Corporation of Dubai (ICD).
Following the transaction, Dubai Holding’s ownership in Emaar has increased to nearly 30%, strengthening its position in one of the UAE’s largest real estate developers.
According to data from the Dubai Financial Market, Dubai Holding subsidiary Emirates Power Investment now owns 22.27% of Emaar, while another affiliated entity, EITL DIFC SPC 1 LTD, holds an additional 7.45% stake.
While the companies did not disclose the official completion date of the transaction, the acquired stake was estimated to be worth around AED24 billion (approximately $6.5 billion) based on Emaar’s recent market valuation.
The move reflects Dubai Holding’s continued confidence in Emaar’s long-term growth potential and the strength of Dubai’s real estate market and broader economy.
In a statement, the company described the acquisition as a strategic investment aimed at supporting future growth opportunities and reinforcing confidence in the UAE’s property sector.
Dubai Holding is one of the region’s largest investment groups and is owned by Mohammed bin Rashid Al Maktoum. The company manages investments across multiple sectors including real estate, hospitality, entertainment, retail, and media, with operations spanning more than 30 countries.
The announcement comes shortly after Emaar Properties reported strong first-quarter financial results for 2026. The developer said property sales in the UAE increased by 22% year-on-year, helping drive double-digit growth in both profit and revenue despite regional geopolitical uncertainty.
Emaar reported quarterly profit of AED6.4 billion, while revenue rose to AED12.4 billion during the same period.
Industry analysts say the increased stake by Dubai Holding signals continued confidence in Dubai’s real estate sector, which has remained active despite global economic uncertainty and regional tensions.
Investment Corporation of Dubai, established in 2006, is one of Dubai’s major sovereign investment entities with holdings across banking, aviation, utilities, and real estate sectors.
Source: UAE financial market and real estate reports
