DIP Holding PLC, the owner and operator of Dubai Investments Park, began trading on the Dubai Financial Market today under the ticker “DIP”, marking the first IPO in the UAE this year.
The offering raised approximately AED 1.9 billion (USD 529 million) through the sale of 1,735,243,300 existing ordinary shares, equal to 20 per cent of the company’s issued share capital. The shares were sold by Dubai Investments PJSC, the sole selling shareholder, which retains an 80 per cent stake. At the IPO price of AED 1.12 per share, the company carries an implied market capitalisation of approximately AED 9.7 billion (USD 2.6 billion).
The offering attracted demand from local, regional and international investors, with the books covered across the previously announced price range.
“Today is an incredibly proud moment for both DIP Holding and Dubai Investments. The successful completion of this IPO and Dubai Investments’ first partial exit through a public offering, represents an important milestone in the Group’s journey and demonstrates its ability to build, scale and bring to market strong, mature and resilient businesses. The strong appetite that has been seen from a broad mix of investors is a clear endorsement of DIP Holding’s differentiated business model, the quality and stability of the business that has been built over more than 25 years, and the strength of Dubai Investments’ approach to long-term value creation. It is also a powerful vote of confidence in Dubai, its growth story and the continued depth and attractiveness of its capital markets. The Group is grateful to all the new shareholders for the confidence they have placed in DIP Holding and particularly pleased to see Dubai Investments shareholders participate in the offering and continue on this next chapter of the company’s journey,” Khalid Jassim Bin Kalban, Chairman of DIP Holding and Vice Chairman and Chief Executive Officer of Dubai Investments PJSC said in a statement.
“Today is a moment of immense pride for everyone at DIP Holding and DIP Holding is incredibly excited to begin this next chapter as a publicly listed company. DIP Holding enters the market from a position of strength, with a differentiated capital-light business model that delivers stable, recurring income, supported by long-term leases and a highly committed tenant base that has invested significantly in the Park over the years. The exceptional performance in the first half of 2026 demonstrates the strength and resilience of the business, and this shows significant opportunities to build on this momentum. With clear and visible growth levers through embedded rental repricing, increasing subleasing fees and the repositioning of plots to higher-value uses, DIP Holding is confident in its ability to deliver sustainable earnings growth and strong cash generation, without the need for significant additional capital investment. DIP Holding is delighted to welcome its new shareholders alongside Dubai Investments and looks forward to rewarding their confidence as it builds on the strong foundations, executes its growth strategy and unlocks the full potential of DIP Holding in the years ahead,” Omar AlMesmar, Chief Executive Officer of DIP Holding added.
On dividends, the company expects to distribute AED 700 million for FY2026, excluding a AED 100 million pre-IPO dividend paid in September 2026, rising to AED 725 million for FY2027 and AED 750 million for FY2028. The first post-IPO distribution of AED 350 million, covering the second half of 2026, is expected in April 2027. That implies a dividend yield of approximately 7.5 per cent based on the FY2027 figure.
“The debut of DIP Holding, as the UAE’s first initial public offering of 2026, signals renewed conviction among issuers and investors alike in the strength and direction of Dubai’s capital markets, where total market capitalisation on DFM has reached over AED 1 trillion. Guided by the vision of His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, we continue to widen access to equity markets for established national companies and to bring new income-generating asset classes within reach of investors. Each new listing strengthens Dubai’s standing as a financial centre of choice for companies seeking international capital,” Helal Al Marri, Chairman of the DFM Board of Directors further explained.
“The listing of DIP Holding reflects the strength of demand in Dubai markets, with the offering attracting strong interest from local, regional and international investors. It also introduces a distinctive, income-generating profile to DFM, underpinned by long-term leases and a committed tenant base. As we continue to strengthen our market infrastructure and widen the opportunities available to investors, our focus remains on supporting companies well beyond listing day,” Hamed Ali, Chief Executive Officer of DFM and Nasdaq Dubai added.
The listing arrives during a period of elevated activity on DFM. Through the first nine months of 2026, total traded value rose 22 per cent year-on-year to AED 162 billion, while average daily traded value climbed 25 per cent to AED 883 million. As of September 2026, total market capitalisation stood at AED 993 billion.
