Dubai Investments plans to sell up to 25% of its subsidiary focused on a major real estate project amid high market demand.

Dubai Investments has announced its engagement in discussions with several banks with the aim of listing one of its subsidiaries. This subsidiary is responsible for developing a major mixed-use real estate project in the emirate, a move intended to capitalize on the growing demand for property in Dubai. Vice Chairman and CEO of Dubai Investments revealed that the company intends to sell up to 25% of the shares of Dubai Investments Park Development by February next year. The proceeds from this offering will be directed towards expansion and initiating new development projects in other communities. According to informed sources, the potential market valuation for the company is estimated to range between AED 8 and 10 billion. The project covers approximately 8.9 square miles and includes industrial, commercial, and residential zones with an occupancy rate exceeding 90%. Supported by lease agreements with dozens of companies, it presents significant opportunities for rental income growth. Real Estate Market Surge This strategic move comes amid a robust surge in Dubai's real estate market, driven by rising demand from foreign buyers and end-users. "Dubai Investments," which holds stakes in around 30 companies across manufacturing, real estate, and financial services sectors, is benefiting from this dynamic shift. Its stock has surged by 32% since the start of the year, outperforming Dubai Financial Market's general index rise of 15%. Ben Kalban also noted that the company is considering other options such as attracting strategic investors or undertaking a private placement. He highlighted potential future public listings for subsidiaries like Emirates Glass and Emicool Central Cooling Services as their businesses expand over coming years.