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Dubai Holding Becomes Developer Emaar's Top Shareholder with $6.5 Billion Stake

  • by- Zaid
  • May 13, 2026
Dubai Holding acquires 22.27% stake in Emaar Properties for $6.5 billion, becoming top shareholder with 29.73% ownership in a major reshuffle of state-linked holdings.
Dubai Holding Becomes Developer Emaar's Top Shareholder with $6.5 Billion Stake

May 13: Dubai Holding has acquired a 22.27% stake in Emaar Properties from the emirate's sovereign wealth fund, becoming its top shareholder with 29.73% ownership. This off-market transaction reshuffles state-linked holdings within Dubai's investment apparatus.

Deal Value

Based on Monday's closing price of 12.4 dirhams, the 22.27% stake in Emaar was worth about 23.9 billion dirhams ($6.5 billion). The transfer represents an off-market shuffle rather than an open-market transaction, leaving the overall state-linked ownership of Emaar unchanged.

Strategic Confidence

Dubai Holding said the deal reflected its confidence in Emaar's market position, asset quality and long-term growth prospects, as well as in the enduring fundamentals of Dubai's economy and real estate sector. Emaar is listed on the Dubai Financial Market, with a portfolio extending across residential, commercial, hospitality and retail assets across the Middle East, North Africa, Asia and Europe.

Market Performance

Emaar shares have fallen around 15% this year, part of a broader selloff across Dubai equities in the wake of Iranian strikes on Gulf states. Emaar shares were down 1.48% in early morning trading on Tuesday, trading at 11.96 dirhams.