Dubai, UAE – Emaar Properties plans to make a voluntary cash offer of AED 15 per share for all Emaar Development shares it does not already own, in a move that would give it 100% control of its build-to-sell development arm. The plan was disclosed in a filing to the Dubai Financial Market on 4 November 2026 and remains subject to approval by Emaar Properties’ board.
Offer at a glance
- Price: AED 15 (about $4.08) per share, in cash
- Current stake: Emaar Properties owns just over 79% of Emaar Development
- Scope: all shares not held by Emaar Properties or its subsidiary Emirates Property Holdings
- Estimated cost: up to around $3.2 billion, according to Bloomberg estimates
- Emaar Development market value: about $13.7 billion
About Emaar Development
Emaar Development is behind some of Dubai’s best-known master communities, including Dubai Hills Estate, Arabian Ranches, Emaar South and The Valley. Emaar sold a 20% stake in the business through an IPO in November 2017, raising AED 4.82 billion.
Strong recent results
- Emaar Development H1 2026 net profit: AED 5.5 billion, up 48%, on revenue of AED 13.3 billion, up 34%
- Emaar Properties H1 2026 net profit: AED 8.7 billion, up 22%
Context
The move follows Dubai Holding becoming Emaar Properties’ largest shareholder in May 2026 after acquiring a 22.27% stake from the Investment Corporation of Dubai. A timeline for the offer has not yet been announced.
This article is for information only and is not investment advice.
Source: The National.
