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Post by : Badri Ariffin
Dubai Holding has successfully acquired an additional 22.27% equity interest in Emaar Properties from the Investment Corporation of Dubai (ICD), bringing its total ownership in Emaar to 29.73%.
This strategic move establishes Dubai Holding as the largest stakeholder in Emaar Properties, a key player in the Middle Eastern real estate market.
Emaar Properties, traded on the Dubai Financial Market, boasts a broad portfolio that spans residential, commercial, hospitality, and retail developments. Their operations extend across the Middle East, North Africa, Asia, and Europe, backed by a robust pipeline of projects and revenue-generating assets.
This acquisition underscores Dubai Holding’s faith in Emaar’s robust market standing, valuable asset base, and potential for sustained growth, while reinforcing trust in Dubai’s economy and its vibrant real estate sector.
Furthermore, this transaction enhances the already strong collaboration between Dubai Holding and Emaar Properties, built on a history of partnerships and joint ventures across various sectors.
Operating globally in over 30 countries, Dubai Holding manages assets exceeding AED 500 billion across diverse sectors, including real estate, hospitality, entertainment, retail, media, and investment.
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