Investor relations
- Offeror
- Emaar Properties PJSC (DFM: EMAAR)
- Company
- Emaar Development PJSC (DFM: EMAARDEV)
- Offer price
- AED 15.0 in cash for each Emaar Development share
Emaar Properties Acquisition Offer
On 5 November 2026, Emaar Development PJSC (DFM: EMAARDEV) (“Emaar Development” or the “Company”) received a notification from Emaar Properties PJSC (DFM: EMAAR) (“Emaar Properties” or the “Offeror”) of its intention to make a voluntary cash offer (the “Offer”) to acquire up to 100% of the issued and paid-up share capital of Emaar Development not already held by Emaar Properties and its indirect wholly owned subsidiary, Emirates Property Holdings Limited (the Offer).
An Offer Document was also received on 5 November 2026, setting out an offer price of AED 15.0 in cash for each Emaar Development share subject to the terms and subject to the conditions set out in the Offer Document.
As at 5 November 2026, the offer price represents:
- 19.4%
- premium to the closing share price of AED 12.56 per share on 2 November 2026, being the last trading day before the Board meeting announcement;
- 21.7%
- premium to the 1-week Volume Weighted Average Price (VWAP) of AED 12.32 per share as of 2 November 2026, being the last trading day before the Board meeting announcement;
- 18.6%
- premium to the 1-month Volume Weighted Average Price (VWAP) of AED 12.65 per share as of 2 November 2026, being the last trading day before the Board meeting announcement;
- 15.7%
- premium to the 3-month Volume Weighted Average Price (VWAP) of AED 12.97 per share as of 2 November 2026, being the last trading day before the Board meeting announcement
- 3.3%
- premium to the closing share price of AED 14.52 / share as of 5 November; and
- 148.8%
- premium to the subscription price of Emaar Development’s shares prior to its listing on the DFM in November 2017, which was AED 6.03 per share.
Emaar Development will make further announcements in respect of material developments relating to the Offer in due course.
This section of the website contains all the relevant documents relating to the Offer and details of the actions required by Emaar Development shareholders.
You may obtain more information at ipo.emiratesnbd.com/en/emaardev or by contacting the Lead Receiving Bank, Emirates NBD Bank PJSC, on +971 800 3623 476 between 9:00AM and 5:00PM, Monday to Friday.
Naveen Meena | Investor Relations Officer — Emaar Properties
Waqas Idrees | Investor Relations Officer — Emaar Development
Key Offer Dates
5 November 2026
6 November 2026
3:00PM UAE time on 10 December 2026, subject to any extension announced in accordance with the Offer Document and applicable requirement
11 December 2026, subject to any change following an extension of the Offer period
Conditions completion is expected on or around 8 January 2027 and may occur earlier
Within three (3) business days of the Unconditional Date