Emaar Properties intends to make a voluntary cash offer of AED15 a share for the shares in Emaar Development it does not already own, the company said in a filing to the Dubai Financial Market on 4 November 2026. Bloomberg estimated the buyout at up to AED12.6bn (about US$3.4bn).
Deal terms and financing
The offer covers up to 100% of Emaar Development's issued and paid-up share capital not already held by Emaar Properties and its indirect wholly owned subsidiary, Emirates Property Holdings Limited. It will be paid in cash and is subject to the required approval of Emaar Properties' board. Emaar Properties holds just over 79% of the company.
Regulatory approvals and timing
The filing was copied to the UAE Capital Market Authority. No offer timetable has been published.
Market context
Emaar Development, the group's UAE build-to-sell business, has been listed on the Dubai Financial Market since 2017 and has a market value of about US$13.7bn. Bloomberg reported on 3 November that Emaar was studying a buyout of the unit.
