DIP Holding

DIP Holding owns the company responsible for operating Dubai Investments Park, a mixed-use development with industrial, commercial and residential spaces, including offices, hotels and homes. The park covers roughly 23 million square metres and has approximately 1,000 tenants, around 5,700 subleases and more than 150,000 residents. It operates under a 99-year government headlease. Tenants typically sign ground leases of at least 30 years and fund construction of their own buildings and facilities.

DIP Holding expects to list on Dubai Financial Market on November 11, 2026. The offering comprises 1,735,243,300 existing shares, representing 20% of the company and implying 8,676,216,500 total shares. Sale proceeds would go to Dubai Investments; DIP Holding would receive no new capital.

IPOX^® estimates gross offer proceeds of around $600.00 million. Using the proposed AED 725.00 million annual dividend for 2027, an assumed 6.5%–7.5% dividend yield and a 20% float implies AED 1.93–2.23 billion, approximately $526.44–607.43 million. The range midpoint is AED 2.08 billion, approximately $566.93 million, with implied equity market capitalization of AED 10.41 billion, approximately $2.83 billion. These are IPOX^® valuation estimates; the offer price has not been announced.

The company intends to distribute annualized dividends of AED 700.00 million for 2026, AED 725.00 million for 2027 and AED 750.00 million for 2028. Underwriters include Citigroup Global Markets, Emirates NBD Capital and HSBC, joint global coordinators.