{"data":{"id":"a32438fd-2e1d-4619-9512-591269f85efd","type":"article","translation_group_id":"a32438fd-2547-46e4-b3b6-ff7294c28c01","language":"en","content_type":"announcement","title":"Emaar Properties intends to offer AED 15 a share for Emaar Development","dek":"Emaar Properties intends to offer AED 15 a share in cash for Emaar Development shares it does not already own, subject to its board's approval.","slug":"emaar-properties-offer-emaar-development-aed-15","published_at":"2026-11-04T01:40:35+00:00","updated_at":"2026-11-04T02:38:27+00:00","primary_category":{"id":"6","type":"category","key":"real-estate","name":"Real Estate","slug":"real-estate","summary":"Developers, REITs, land deals, and property-cycle stories in the UAE and GCC.","seo_title":"Real Estate News | Capital Wire","meta_description":"Developers, REITs, land deals, sales launches, and property-cycle stories across the UAE and broader GCC real estate markets."},"featured_media":{"id":"a3243ae9-e680-4c96-98ea-2b9e5c4abce2","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e.webp 1200w","width":1200,"height":630,"alt":"Emaar Properties intends to offer AED 15 a share for Emaar Development","caption":null,"credit":null,"license":"operator-supplied","ai_generated":false},"entities":[{"id":"a2d6a017-e60a-4ed5-9fae-089d5fb48b70","type":"entity","entity_type":"company","collection":"companies","name":"Emaar Properties PJSC","slug":"emaar-properties-pjsc","ticker":"EMAAR","is_primary":true},{"id":"a2de49ee-6ca5-470a-ac94-09108b77d19c","type":"entity","entity_type":"exchange","collection":"exchanges","name":"Dubai Financial Market","slug":"dfm","ticker":null,"is_primary":false},{"id":"a32439d6-96f9-4e8b-99ad-f48c7de535a6","type":"entity","entity_type":"company","collection":"companies","name":"Emaar Development PJSC","slug":"emaar-development-pjsc","ticker":"EMAARDEV","is_primary":false}],"flags":{"breaking":false,"featured":false,"correction":false},"subtitle":null,"executive_summary":"Emaar Properties intends to make a voluntary cash offer of AED 15 per share for up to 100% of Emaar Development shares not already owned by it and its subsidiary EPHL, according to a DFM disclosure on 4 November 2026. The intended offer is subject to approval by the Emaar Properties board.","key_points":["Emaar Properties intends to offer AED 15 per share in cash for Emaar Development shares it and EPHL do not already own.","The intended offer covers up to 100% of Emaar Development's issued and paid-up share capital not already held by the group.","It is subject to the required approval of the Emaar Properties Board of Directors.","The letter does not disclose Emaar Properties' current stake, the offer's total value, a premium or a timetable.","Emaar Development closed at AED 13.90 on 3 November, up 10.67%, according to DFM data."],"body":[{"type":"paragraph","text":"Emaar Properties PJSC said on Wednesday that it intends to make a voluntary cash offer of AED 15 per share for up to 100% of the issued and paid-up share capital of Emaar Development PJSC not already owned by Emaar Properties and its indirect wholly owned subsidiary, Emirates Property Holdings Limited (EPHL), according to a Dubai Financial Market disclosure."},{"type":"heading","level":2,"text":"What happened"},{"type":"paragraph","text":"Emaar Properties disclosed the intention in a letter to the Dubai Financial Market dated 4 November 2026 and published on the exchange at 05:40 GST. The letter describes the proposal as a voluntary cash offer at AED 15 per share in cash and says it is subject to the required approval of the Emaar Properties Board of Directors."},{"type":"paragraph","text":"The letter, addressed to DFM Chief Executive Officer Hamed Ali, was signed by Executive Director Ahmad Thani Rashed Almatrooshi and copied to the Capital Market Authority."},{"type":"paragraph","text":"The letter does not disclose Emaar Properties' current shareholding in Emaar Development, the total value of the offer, any premium to the market price, or a timetable."},{"type":"heading","level":2,"text":"Who is exposed"},{"type":"paragraph","text":"The intended offer covers Emaar Development shares not already owned by Emaar Properties and EPHL. Emaar Development trades on the Dubai Financial Market under the symbol EMAARDEV and Emaar Properties under EMAAR."},{"type":"paragraph","text":"Emaar Development shares closed at AED 13.90 on Tuesday, 3 November, up 10.67%, according to DFM data."},{"type":"heading","level":2,"text":"What to watch next"},{"type":"paragraph","text":"The offer remains an intention and requires the approval of the Emaar Properties board. The letter does not say when the board will consider it or give further offer terms."}],"seo":{"seo_title":"Emaar intends AED 15 a share bid for Emaar Development | Capital Wire","meta_description":"Emaar Properties intends to make a voluntary cash offer of AED 15 per share for up to 100% of Emaar Development, subject to Emaar board approval, per DFM.","og_title":"Emaar intends AED 15 a share bid for Emaar Development | Capital Wire","og_description":"Emaar Properties intends to make a voluntary cash offer of AED 15 per share for up to 100% of Emaar Development, subject to Emaar board approval, per DFM.","social_image":{"id":"a3243ae9-e680-4c96-98ea-2b9e5c4abce2","type":"media","url":"https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e.webp","mime":"image\/webp","srcset":"https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e-640.webp 640w, https:\/\/capital-wire.com\/storage\/media\/b5d96218b84ff1ac4c2d563816a9439aced0a968d0a1512d66e0e1aff544484e.webp 1200w","width":1200,"height":630,"alt":"Emaar Properties intends to offer AED 15 a share for Emaar Development","caption":null,"credit":null,"license":"operator-supplied","ai_generated":false}},"secondary_category":null,"topics":[{"id":"2","type":"topic","key":"dfm","name":"DFM","slug":"dfm","summary":"Dubai Financial Market listings, filings, index moves, and exchange developments.","seo_title":"DFM Market News | Capital Wire","meta_description":"Coverage of Dubai Financial Market listings, corporate filings, index moves, and DFM exchange developments for market readers."}],"tags":[],"gallery":[],"charts":[],"byline":{"mode":"desk","schema_type":"Organization","name":"Capital Wire","author":null},"citations":[{"id":"a32438fd-35a2-4559-8cc6-962c541ad9d6","url":"https:\/\/feeds.dfm.ae\/documents\/2026\/Nov\/4\/6da230ac-c56e-4159-821c-402f25563a39\/EP%20Disclosure%20Of%20Announcement%204%20November%202026.Pdf.pdf","publisher":"feeds.dfm.ae","title":"Emaar Properties PJSC: Announcement of intention to make a voluntary cash offer for Emaar Development PJSC, DFM disclosure 4 November 2026 (EN\/AR)","source_published_at":null,"claim":null},{"id":"a32438fd-36d5-44b6-a6b2-1e07388c5a22","url":"https:\/\/www.dfm.ae\/the-exchange\/market-information\/company\/EMAARDEV","publisher":"www.dfm.ae","title":"Dubai Financial Market: Emaar Development (EMAARDEV) market data, close 3 November 2026","source_published_at":null,"claim":null}],"sources":[{"url":"https:\/\/feeds.dfm.ae\/documents\/2026\/Nov\/4\/6da230ac-c56e-4159-821c-402f25563a39\/EP%20Disclosure%20Of%20Announcement%204%20November%202026.Pdf.pdf","source_id":null,"label":"Emaar Properties PJSC: Announcement of intention to make a voluntary cash offer for Emaar Development PJSC, DFM disclosure 4 November 2026 (EN\/AR)","publisher":"feeds.dfm.ae"},{"url":"https:\/\/www.dfm.ae\/the-exchange\/market-information\/company\/EMAARDEV","source_id":null,"label":"Dubai Financial Market: Emaar Development (EMAARDEV) market data, close 3 November 2026","publisher":"www.dfm.ae"}],"corrections":[],"translations":[{"language":"ar","slug":"emaar-properties-offer-emaar-development-aed-15","published_at":"2026-11-04T01:40:35+00:00","is_current":false},{"language":"en","slug":"emaar-properties-offer-emaar-development-aed-15","published_at":"2026-11-04T01:40:35+00:00","is_current":true}],"schema_type":"NewsArticle"},"meta":{"request_id":"b5cbd256-19e0-4d40-9291-6379b5a3fc0a","locale":"en"},"errors":[]}