Foreigners Hold 8.4 Billion Shares in 6 UAE Real Estate Companies Worth $ 5.77 Billion

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ABU DHABI – Recent figures released by the Abu Dhabi and Dubai financial markets on December 9 showed that the number of shares held by foreign investors in six real estate companies listed on the UAE financial markets has reached nearly 8, 4 billion shares worth approximately AED21.2 billion.

The significant increase in the number and value of shares held by foreign investors in real estate companies follows a surge in their share prices in recent months. The majority of companies listed on the country’s financial markets, including real estate companies, allow foreign ownership of up to 49% of the capital.

Financial market statistics indicate that foreign ownership of Emaar Properties on December 9, 2020, was 2.54 billion shares, or about 35.51% of the total and 8.84 billion shares.

Foreign ownership of Al Dar Properties on December 9, 2020, was 2.083 billion shares, or about 26.5% of the total and valued at AED 7.862 billion.

Foreign ownership of Damac Properties on December 9, 2020, was 2.046 billion shares, or approximately 33.825% of the total and valued at AED 872 million, while the number of shares held by foreign investors in Emaar Development s’ amounted to 304 million, valued at 872 million AED. .

The shares held by foreign investors in Union Properties amounted to 1.032 billion shares with a market value of AED 299 million, while the foreign ownership of Diar Developments was 419 million shares with a market value of AED 299 million. 121 million AED.

The level of foreign ownership of real estate companies is expected to increase further, especially in light of the continued rise in their share prices.

© Copyright UAE News Agency (WAM) 2020.


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