Emaar Properties plans to buy the rest of Emaar Development, the listed company that builds and sells its homes in the UAE. In a disclosure to the Dubai Financial Market on 4 November, it said it intends to make a voluntary cash offer of AED 15 a share.
The offer covers up to all of Emaar Development's issued shares that are not already held by Emaar Properties or its wholly owned subsidiary, Emirates Property Holdings Limited. The Emaar Properties board approved the offer on 5 November, and Emaar plans to delist Emaar Development from the Dubai Financial Market once the offer completes. A copy of the first disclosure went to the Capital Market Authority.
01The offer in brief
| Item | Detail |
|---|---|
| Buyer | Emaar Properties PJSC |
| Target | Emaar Development PJSC, listed on the Dubai Financial Market |
| Price | AED 15 a share, in cash |
| Current holding | About 79% |
| Shares sought | The remaining shares, worth about AED 12.5 billion at the offer price |
| Board approval | Given on 5 November 2026 |
Emaar Properties disclosure to the Dubai Financial Market, 4 November 2026.
Emaar Development's shares closed at AED 12.56 on 2 November, the last trading day before the board meeting was announced. The offer price is 19.4% above that close.
02What Emaar Development does
Emaar Development is the group's build-to-sell arm in the UAE. It sells homes in communities such as Downtown Dubai, Dubai Creek Harbour and Dubai Hills Estate.
Emaar Properties floated a minority stake in the business on the Dubai Financial Market in 2017. The new offer would bring it back under full ownership by the parent.
03What it means if you are buying
The disclosure deals only with shares. It does not mention any change to projects, payment plans or handover dates.
Keep using the usual checks. Before you pay, confirm that the project and your unit are registered with the Dubai Land Department. You can browse projects on sale on our Emaar developer page, including Creek Haven in Dubai Creek Harbour.
ProjectsThe project in this story.
SourcesWhere this story comes from.
Sources
- The National: Emaar plans to delist construction unit after board approves $3.3 billion buyout, 5 November 2026
- Emaar Properties PJSC: Disclosure to the Dubai Financial Market: intention to make a voluntary cash offer for Emaar Development PJSC, 4 November 2026
- Emirates 24|7: Emaar Properties plans to acquire remaining Emaar Development shares at AED15 each, 4 November 2026
- Gulf News: Emaar Properties announces Dh15-per-share buyout offer for Emaar Development, 4 November 2026
Corrections
- No corrections to this story. If something has changed or is wrong, tell us and we will correct it and log the change here.
4 Nov 2026, 21:27 GST · Reported by OffPlan Insider Newsdesk, checked against the developer's own material before publication. Updated 6 Nov 2026, 07:36 GST.
