Emaar Properties told the Dubai Financial Market it plans a voluntary cash offer for the roughly 20.84 percent of Emaar Development it does not own. The offer is worth about AED 12.5 billion and still needs approval from the Emaar Properties board.
The buyout first reported by Bloomberg became a formal step on Wednesday. In a statement to the Dubai Financial Market (DFM), Emaar Properties said it intends to make a voluntary cash offer for up to 100 percent of the issued share capital of its home building arm, Emaar Development, at AED 15 a share.
The offer covers the shares not held by Emaar Properties or its indirect wholly owned subsidiary, Emirates Property Holdings. Emaar Properties owns just over 79 percent, so the remaining stake of about 20.84 percent would cost roughly AED 12.5 billion at the offer price. The National, citing Bloomberg, said Emaar Development is valued at more than AED 60 billion at its current share price. The offer still needs approval from the Emaar Properties board, and no timetable or further conditions have been published.
Emaar Development builds the group's for sale communities, including Dubai Hills Estate, Arabian Ranches, Emaar South and The Valley. It listed in November 2017, when Emaar raised AED 4.82 billion by selling a 20 percent stake. In May 2026 Dubai Holding became the largest shareholder in Emaar Properties after buying a 22.27 percent stake from the Investment Corporation of Dubai. The group has 90,000 homes under production in 18 markets.
Full ownership would give Emaar complete control of the cash generated by its Dubai home sales. No change has been announced to sales or handover schedules for buyers of off plan Emaar homes; the next step is the board decision.
Source: Emirates 24|7
