Dubai Holding completes the acquisition of an additional 22.27% equity stake in Emaar Properties, elevating total shareholding to 29.73%. The investment firm acquired the stake from the Investment Corporation of Dubai (ICD).
ICD liquidated its entire 22.27% stake to Emirates Power Investment: a wholly owned subsidiary of Dubai Holding.
Dubai Holding has a portfolio of exceeding Dh 500B ($136B) worth of assets across 10 key sectors, with its real estate division including companies such as Nakheel, Meraas and Dubai Properties.
The acquisition positions Dubai Holding, an investment corporation headed by HH Sheikh Mohammed bin Rashid Al-Maktoum, as the largest shareholder in the company.
UAE Investment Push into Syria
Emaar reported a nearly 35% annual increase in its Q1 FY26 profit to Dh 6.4B ($1.7B) as property sales rose despite uncertainty driven by the Iran war.
The property giant is part of an UAE investment push into Syria as Damascus eyes up GCC capital to rebuild the country post-war.
Eagle Hills and Emaar
Undisclosed reports stipulate UAE investment dealings in Syrian cities, Damascus and Latakia, by Alabbar-backed UAE real estate firm – Eagle Hills – after an official UAE delegation visited Syria last week.
Mohamed Alabbar serves as the Founder and Managing Director of Emaar Properties and Chairman of Eagle Hills.
This acquisition aligns with Dubai Holding’s long-standing strategic partnership with Emaar, focused on sustainable value creation through disciplined capital allocation and active management of their portfolio.
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