Sepan Sukriya

Dubai Investments will make a decision on whether to proceed with the initial public offering (IPO) of its real estate unit by May 15 or postpone it until October, according to Khalid Bin Kalban, the company’s vice chairman and CEO, as reported by Zawya.

“We will make a final decision before May 15. Most of our investors are very positive and are urging us to proceed with the IPO, as Dubai Investments Park has not been affected by the crisis in the region. Its revenues from rentals and long-term leases continue to grow, giving it a strong long-term outlook,” Kalban told Zawya.

Increased regional tensions following the US and Israeli attacks on Iran, and subsequent developments in the Gulf Cooperation Council countries, have prompted many companies to review their plans for initial public offerings (IPOs).

Dubai Investments plans to sell a 25% stake in Dubai Investments Park, one of the largest integrated mixed-use developments in the UAE, and is in talks with investment banks including Emirates NBD Capital, HSBC, Citi, Arqaam Capital and EFG Hermes.

Dubai Investments, which comprises approximately 35 subsidiaries and affiliates across the manufacturing, real estate, healthcare, and investment sectors, is considering initial public offerings (IPOs) for its central cooling unit, Emicool, as well as Emirates Glass and Global Pharma, subject to expansion and favorable market conditions. "There is no change to our plans to list these companies on the public in the coming years," said Kalban.

Kalban predicted that the value of Dubai Investments Park would range between AED 10.8 billion and AED 11 billion. He added, "This figure is somewhat conservative and has been reduced from the market value."

Dubai Investments announced total revenue of AED 4.63 billion in 2025, including AED 1.19 billion from rental income, supported by growth in its real estate, manufacturing and investment businesses.

Following the establishment of Dubai Investments Park, B Investments is currently in talks with authorities in other emirates of the UAE to replicate this model, according to Kalban. The company is also developing an integrated economic zone (Dubai Investments Park Angola) spanning 2,000 hectares in Barra do Dande, Angola, encompassing industrial, residential, and commercial areas.

Zawya had previously reported that Dubai Investments Park might launch a wave of initial public offerings in Dubai after Eid al-Fitr.

Prior to the war, the list of companies nominated for an initial public offering in the UAE this year included a subsidiary of Dubai Holding, Emirates Global Aluminium (EGA), one of the world’s leading producers of aluminum and the largest non-oil industrial company in the UAE, as well as Abu Dhabi-based Arabian Construction Company (ACC).

To view the original report, published in English, visit Zawya.   Click here .

(Prepared by: Seban Skria, Translated by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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