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5/6/25, 11:23 AM Dubai Holding to list its residential Reit on DFM | The National
There has been a listings boom in the UAE in the past few years, as the Arab world’s second-largest
economy continues to grow amid diversification efforts.

There were seven IPOs across the UAE last year, including Talabat Holding, major retailer Lulu Group,

ADNH Catering, NMDC Energy and Alef Education. IPOs in the UAE accounted for 47 per cent, or $6.2
billion, of total Gulf proceeds last year, PwC said in a report.

Overall, 2024 marked the highest Gulf IPO volumes on record, with 53 listings across the region and a

total of $13.2 billion raised, the report added.

Stock markets in the UAE are expected to receive between six and eight IPOs this year, with
companies raising up to $10 billion in proceeds amid strong investor appetite for new listings in the
country, Emirates NBD Capital chief executive Hitesh Asarpota recently told The National.

Dubai Investments, a diversified company in which the sovereign wealth fund Investment Corporation of

Dubai holds a stake, also plans to take some of its subsidiaries public, according to its chief executive
Khalid bin Kalban.

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