DIP Holding, owner of Dubai Investments Park, began trading on DFM at AED 1.12 a share after selling 20 per cent of its capital.
DIP Holding PLC, owner of Dubai Investments Park, began trading on the Dubai Financial Market (DFM) on Wednesday under the ticker DIP, after an initial public offering that raised about AED 1.9 billion and was the UAE’s first of 2026.
DFM said the offering covered 1,735,243,300 existing ordinary shares, equal to 20 per cent of DIP Holding’s issued share capital.
Dubai Investments PJSC was the sole selling shareholder and keeps 80 per cent after the listing. The shares trade under the ISIN AEE02089D257.
The offer price was AED 1.12 a share, which puts the company’s market capitalisation at about AED 9.7 billion at listing.
DFM said the offering drew strong demand from local, regional and international investors, with strong coverage across the previously announced price range.
DIP Holding expects to pay annualised cash dividends of AED 700 million for FY2026, followed by AED 725 million for FY2027 and AED 750 million for FY2028. The FY2026 figure excludes a AED 100 million dividend paid before the IPO in September 2026.
The first distribution after the IPO, AED 350 million for the whole of the second half of 2026, is expected in April 2027.
On the FY2027 figure of AED 725 million, the offer price implies a dividend yield of about 7.5 per cent, based on the company’s stated expectation.
Dubai Investments Park (DIP) opened in 1999 and covers 23 million square metres in Dubai’s southern corridor, Dubai Investments said.
The park has more than 1,200 tenants holding more than 4,000 sub-leases, and more than 150,000 residents. Occupancy reached 99.9 per cent in 2025.
Logistics and industrial uses account for 78 per cent of operating lease gross leasable area, residential for 14 per cent, and commercial, retail and hospitality for 8 per cent. Total gross leasable area is 12.5 million square metres.
The model rests on long-term ground leases: a 99-year headlease with 30-year sub-leases. Income comes from ground rent and estate services.
Omar AlMesmar, chief executive officer of DIP Holding, described the business as having “a differentiated capital-light business model that delivers stable, recurring income”. He named three growth levers: rental repricing built into the leases, higher subleasing fees and moving plots to higher-value uses.
Khalid bin Kalban, chairman of DIP Holding and vice chairman and chief executive officer of Dubai Investments PJSC, said the IPO was Dubai Investments’ first partial exit through a public offering. He also said Dubai Investments shareholders took part in the offering.
Hamed Ali, chief executive officer of DFM and Nasdaq Dubai, said the listing brings “a distinctive, income-generating profile” to the exchange, underpinned by long-term leases and a committed tenant base.
Total market capitalisation on DFM stood at AED 993 billion as of September 2026, DFM said. Helal Al Marri, chairman of the DFM Board of Directors, said it has since reached over AED 1 trillion.
Total traded value rose 22 per cent year-on-year to AED 162 billion in the first nine months of 2026. Average daily traded value rose 25 per cent to AED 883 million.
The market-opening bell was rung by Bin Kalban and AlMesmar. Al Mal Capital was financial adviser to Dubai Investments on the IPO.
