Reported: 4 November 2026
Dubai, 4 November 2026 , Emaar Properties has announced its intention to make a voluntary cash offer to acquire up to 100% of the issued shares in Emaar Development that it does not already own.
As reported, the offer price is AED 15 per share in cash. The company said the offer is subject to approval by its board of directors. Emaar Properties currently holds 79.16% of Emaar Development, while the remaining 20.84% is held by public shareholders.
Emaar Development has 4 billion shares in issue, meaning the targeted stake equates to approximately 833.6 million shares. Based on the proposed price, the total value of shares to be acquired is described as about AED 12.5 billion.
The report also notes that the offer price is higher than Emaar Development’s closing share price on 3 November and references prior history of share sales in Emaar Development.
Source: Emirates247.