People familiar with the matter reported that a series of IPOs may follow this year, with Dubai Investments Park, the real estate division of Dubai Investments, expected to lead in order after Eid Al Fitr.
Dubai Investment Park (DIP) is one of the largest fully integrated mixed-use projects built in the UAE and is currently considering selling a portion of up to 25 percent of the company to major investment banks and investors with a view to a possible listing.
According to the source, the development may be estimated at approximately 12 billion dirhams ($3.3 billion). A commercial unit of Dubai Holding might also come to market this year.
Although it remains unclear whether Etihad will issue its IPO this year or not, Emirates Global Aluminium (EGA), the largest non-oil industrial company in the UAE and one of the largest global manufacturers of aluminium, is most likely to record market. The involved banks are negotiating with investors.
However, it’s not specific whether EGA would have a Dubai or an Abu Dhabi listing, as the company is equally owned. The sources stated that the Mubadala and the Investment Corporation of Dubai (ICD).
Arabian Construction Company (ACC), based in Abu Dhabi, is also contemplating an IPO this year. In the UAE, market volatility and geopolitical conflicts led to a substantial decline in listings in 2025.
Therefore, Dubai Residential REIT, which was listed on DFM last year, raised $584 million and is testimony to a sound real estate market within the emirate.
Diversified engineering and construction company Alec Holding signifies the UAE’s largest ever IPO in the construction sector, increasing AED1.4 billion ($381 million). UAE-based online classifieds giant Dubizzle delayed its intended DFM IPO in October, a day before the book-building process among investors was expected to commence.
Alpha Data, a technology services firm, was listed in Abu Dhabi, and it became the only listing in the city, raising almost $163 million. The total number of IPOs registered in GCC exchanges in 2025 was the lowest in four years.
GCC issuers also made the lowest proceeds in five years, with $5.8 billion proceeds raised in IPOs in 2025, a 54.8 percent decline compared to $12.9 billion proceeds raised in 2024.
Meanwhile, KAMCO Investment in Kuwait estimates about 73 IPOs in the pipeline throughout the GCC. A leading investment banker said, “There’s definitely going to be a bigger number of deals in the GCC in H1 2026 compared to the last quarter of 2025.”
