Dubai’s real estate sector witnessed a major strategic development as Investment Corporation of Dubai (ICD) transferred its entire shareholding in Emaar Properties to Emirates Power Investment, a subsidiary of Dubai Holding. The move strengthens Dubai Holding’s position as Emaar’s largest shareholder and reinforces long-term collaboration between two of the emirate’s leading growth-driven entities.
Key Highlights
- Investment Corporation of Dubai transferred its full Emaar Properties stake to Emirates Power Investment
- Emirates Power Investment is a subsidiary of Dubai Holding
- The transferred stake represents 22.2723% of Emaar Properties’ total issued shares
- Dubai Holding’s total ownership in Emaar Properties has increased to 29.73%
- Dubai Holding is now the largest shareholder in Emaar Properties
- The transaction reinforces long-term strategic collaboration between Emaar and Dubai Holding
- Emaar highlighted ongoing partnerships and joint ventures between both groups
- Emaar reported Q1 2026 net profit before tax of Dh7.2 billion, marking 33% annual growth
- Quarterly revenue reached Dh12.4 billion, reflecting strong performance across UAE and international markets
- ICD remained one of the world’s leading sovereign wealth funds with assets under management valued at $429 billion in 2025
- The strategic restructuring supports Dubai’s long-term economic and investment vision
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