Emaar Properties has announced plans to launch a voluntary cash offer to acquire all remaining shares in Emaar Development that it does not already own, either directly or through its subsidiary, Emirates Property Holdings Limited. The proposed purchase price is AED 15 per share.
The offer is part of Emaar Properties’ plan to take full ownership of Emaar Development, subject to the required approval from the company’s board of directors.
Acquisition Details and Ownership Stakes
Emaar Properties currently holds a 79.16% stake in Emaar Development, while the remaining 20.84% is owned by other shareholders.
Emaar Development has a total of 4 billion issued shares, meaning the stake targeted in the proposed acquisition represents approximately 833.6 million shares. At the proposed purchase price, the transaction would be worth around AED 12.5 billion.
Offer Price Exceeds Previous Closing Price
The proposed cash offer of AED 15 per share is AED 1.10 higher than Emaar Development’s closing share price of AED 13.90 on Tuesday, November 3, 2026.
Emaar Development’s Listing on the Dubai Financial Market
Emaar Development was listed on the Dubai Financial Market in November 2017, when Emaar Properties offered 800 million shares in the company at a price of AED 6.03 per share.
