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Dubai Investments is planning an IPO for its Dubai Investments Park, aiming to sell up to a 25% stake in the real estate unit. Sources suggest DIP could be valued at USD 2.5 billion, with a potential listing in the first quarter of next year. The development, spanning 2,300 hectares, includes industrial, commercial, and residential spaces and hosts over 160,000 residents. This move aligns with the recent wave of IPOs in the UAE, as construction and real estate companies capitalize on strong housing demand and infrastructure growth.
Dubai Investments is preparing to launch an initial public offering (IPO) for its real estate business, Dubai Investments Park (DIP), as the region's real estate sector experiences strong growth. The company intends to sell up to a 25% stake in DIP and is currently in discussions with banks regarding the potential listing, according to a bourse filing, though no further details were disclosed. Advertisement
Sources familiar with the matter indicated that DIP could be valued at up to USD 2.5 billion, with the IPO expected in the first quarter of next year. They also noted that no final decisions had been made, and the timing could still change. A spokesperson for Dubai Investments told Reuters that the company had no additional information to share on the valuation or timing of the listing.
Dubai Investments Park spans 2,300 hectares and features a mix of industrial, commercial, and residential developments, including offices, hotels, and homes. The area accommodates more than 160,000 residents and over 5,000 tenants, reflecting its significant role in Dubai's real estate landscape.
The UAE has seen a wave of IPOs from both state-backed and private companies in recent years, particularly in construction and real estate, driven by strong housing demand and increased infrastructure spending. Dubai's population recently surpassed four million, underscoring the city's rapid growth and global appeal.
In recent months, Dubai Holding raised around USD 585 million through an IPO of its residential REIT, while construction company ALEC announced plans to float a 20% stake on the Dubai Financial Market. These developments highlight growing investor interest in the Gulf's property and construction sectors.
Source Reuters
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