Dubai Investments Park, the 23 million square metre mixed-use development anchored between Jebel Ali Port and Al Maktoum International Airport, is heading to the Dubai Financial Market.
Its parent company, DIP Holding, announced on October19 that Dubai Investments PJSC will sell a 20% stake through an IPO comprising 1,735,243,300 existing ordinary shares.
The subscription window opens on October 27 and closes on November 3, 2026. The final offer price is expected to be announced on November 4, with shares admitted to trading on or around November 11.
Dubai Investments will retain the remaining 80 per cent of the company’s issued share capital following completion, and DIP Holding itself will receive none of the proceeds from the sale.
The offering is divided into four tranches. Individual investors holding a valid DFM NIN can subscribe through the first tranche, which covers 5 per cent of the offer shares, with a minimum subscription of AED 5,000 and a guaranteed floor allocation of 2,000 shares per successful applicant.
Professional investors take the bulk, at 92 per cent of offer shares, with a minimum subscription of AED 1 million and pricing set through a book-building process.
Eligible Dubai Investments employees and existing Dubai Investments shareholders each have dedicated tranches representing 1 per cent and 2 per cent of the offer respectively, both with AED 5,000 minimums and 5,000-share guaranteed allocations.
DIP operates as a ground-lease platform, collecting long-term rents from roughly 1,000 tenants across logistics, industrial, residential and commercial uses.
Leases typically run 30 years or more, with periodic market-based repricing built in. Ground lease occupancy stood at 99.9 per cent as at June 30, 2026, with tenants having invested more than AED 42 billion in superstructures on their leased plots.
The financial profile is straightforward. Revenue grew from AED 838 million in FY2023 to AED 892 million in FY2024 and AED 960 million in FY2025.
In the first half of 2026, revenue reached AED 492 million, up 7 per cent year-on-year on a like-for-like basis. Adjusted EBITDA margin held at 72 per cent for the half, and cash conversion came in at 97 per cent. Net profit for H1 2026 was AED 444 million.
The company is promising investors an annualised dividend of AED 700 million for 2026, rising to AED 725 million in 2027 and AED 750 million in 2028.
The first post-listing distribution, covering the full second half of 2026, is expected to be AED 350 million paid in April 2027. Shareholders who participate in the IPO will receive dividend credit for the entire H2 2026 period rather than only the weeks following admission.
“DIP Holding and the Dubai Investments Park ecosystem that underpins it are a clear example of a long-term vision realised. Dubai Investments Park has evolved into one of Dubai’s largest integrated mixed-use ecosystems, supported by a diversified tenant base, recurring revenues and strong underlying fundamentals. The proposed IPO represents a natural next step in the Company’s evolution and reflects the maturity, scale and quality of the business. The proposed IPO comes at a time when Dubai’s capital markets continue to demonstrate depth and maturity, supported by strong economic fundamentals, a well established regulatory framework and sustained investor confidence in the UAE. With a resilient operating model, visible long-term drivers and a strategic position within Dubai’s growth story, DIP Holding is well positioned to deliver sustainable value for shareholders while continuing to contribute to the Emirate’s economic development. The transaction supports continued investment opportunities in Dubai, reinforcing a long-standing commitment to the Emirate’s growth agenda,” Khalid bin Kalban, Vice Chairman and CEO, Dubai Investments and Chairman, DIP Holding said in a statement.
Citigroup Global Markets, Emirates NBD Capital and HSBC Bank Middle East are acting as joint global coordinators. Abu Dhabi Commercial Bank, Arqaam Capital, Dubai Islamic Bank and EFG Hermes UAE are joint bookrunners.
Al Mal Capital is financial advisor. Emirates NBD Capital is also acting as listing advisor, with Emirates NBD Bank as lead receiving bank. The offering has received Shariah-compliance pronouncements from the internal committees of Emirates NBD and Dubai Islamic Bank.
Further information is available at ipo.dipark.com.
