DIP Holding IPO opens at AED 1.10–1.15 a share

Dubai Investments has opened the subscription period for an initial public offering of its subsidiary DIP Holding, the first UAE share sale of 2026, according to The National and Khaleej Times.

What is on offer

Dubai Investments is selling about 1.74 billion existing shares, equal to 20% of DIP Holding, at an indicative range of AED 1.10 to AED 1.15 per share. That implies a company valuation of AED 9.5 billion to AED 10 billion and a raise of roughly AED 1.9 billion to AED 2 billion, or about $543 million. Khaleej Times reports that all proceeds go to the selling shareholder rather than to DIP Holding. The seller can change the size of the offer before subscriptions close, subject to regulatory approval.

DIP Holding owns the company that develops and leases land at Dubai Investments Park, a development of around 23 million square metres offering long-term ground leases and infrastructure services.

Key dates

Subscriptions run until 3 November. The final price will be set through book-building and announced on 4 November, with allocations and refunds starting on 10 November. Trading on the Dubai Financial Market is expected on or around 11 November, subject to approvals and market conditions.

Who can subscribe

Khaleej Times says 92% of the shares are reserved for professional investors, 5% for individual subscribers, 2% for eligible Dubai Investments shareholders and 1% for eligible employees. The minimum allocation is 2,000 shares for individuals. Retail applicants need a valid National Investor Number from the Dubai Financial Market.

Dividend plans

The company plans to pay dividends twice a year, targeting AED 700 million for 2026, AED 725 million for 2027 and AED 750 million for 2028. The first payment after listing, AED 350 million, is expected in April 2027. Based on the 2027 target, the indicated yield is about 7.3% to 7.6% across the price range, according to the offering details.

Why it matters

The National notes that regional listings fell in 2025, with $7.1 billion raised across 61 offerings compared with $13 billion a year earlier, according to Dealogic. For residents, the offer is a chance to take part in a Dubai-listed property and land-leasing business. Investors should read the official prospectus before applying, as the final price and size may change.