Emaar Properties
In 2022, Dubai Holding became the second largest shareholder of Emaar Properties after divesting its interest in Dubai Creek Harbour, the major development located along the historic Dubai Creek waterfront, to Emaar Properties
For a total consideration of AED 7.5 billion, the sale was paid equally in cash and shares of Emaar Properties, in which Dubai Holding received shares corresponding to 7.5% of the enlarged share capital.
Dubai Creek Harbour is a real estate project launched in 2014 to be jointly developed by Dubai Holding and Emaar Properties as a unique, smart and sustainable mixed-use waterfront destination. Until 2022, the robust partnership between the two companies contributed to the ongoing development of Dubai Creek Harbour into a prominent commercial, residential and retail destination.
