FAQ

For all dividends since 2003 (except 2006), you should contact Union National Bank’s (UNB) Capital Markets Services by phone at: +971-2-698-4430; +971-2-698-4675; +971-2-698-4163; +971-2-698-4603; +971-2-698-4591 or by e-mail at: Siham.Elitaoui@unb.ae.
For 2006 dividends, you should contact Mashreq Bank’s Investment Services Help Desk by phone at: +971-4-363-2430 or by e-mail at: KarenE@mashreq.com.
For all other dividends, you should contact Emaar Investor Relations at: Investor_Relations@emaar.ae.
If your shares are deposited with a brokerage firm, please contact your broker directly with any questions regarding the dividend payment.

The Dubai Financial Market’s (DFM) Customer Service by phone at: +971-4-305-5555 or by e-mail at:
customerservice@dfm.ae .

The subscription period for the UAE retail offer, where you can apply for shares in the offer, is expected to start on 2nd November 2017 and to close on 13th November 2017. The final price of the shares is expected to be determined on 16th November 2017.

You will need to discuss this with your bank or financial advisor.

• This IPO is a sale of existing shares in Emaar Development held by Emaar Properties.

• 20% of Emaar Development is expected to be offered in the IPO.

• Emaar Properties will retain the remaining stake.

• Emaar Properties believes that the IPO will unlock the true value of its development business in the UAE.

• The IPO will offer investors the opportunity to participate in a world class pure play UAE developer with a proven track record and high growth prospects.

• The IPO decision is consistent with Emaar Properties’ stated strategy of bringing subsidiary companies to market once they have reached sufficient maturity.

The proceeds of the IPO will be primarily distributed as a special dividend to Emaar Properties’ shareholders, subject to approval from its Board of Directors.

Emaar Development is targeting distribution of aggregate dividends of no less than US$1.7 billion, to be paid with respect to the next three financial years ending 31 December 2020. Any level or payment of dividends depends on future profits and the business plan of the company, among other factors, at the discretion of its Board of Directors.

The decision to IPO on DFM gives Emaar Development exposure to the region’s large community of sophisticated investors, whilst still being able to attract international capital.

The shares will be priced using a standard bookbuild process with a final price determined by the company, the selling shareholder and their advisers.

UAE residents with an up-to-date National Investor Number registered with DFM.

• There are three ways for individual investors to subscribe to the IPO:

• Further details are provided below on the ‘How to Subscribe’ section of the microsite.

• To subscribe to the IPO, investors need to ensure that they have an up-to-date National Investor Number (NIN) registered through DFM. For further information, please visit: www.dfm.ae or contact DFM’s IPO consumer helpline on: +971 4 305 5555 between 8.00am – 3.00pm, Sunday to Thursday.

The minimum investment has been set at AED 10,000, with additional investments to be made in increments of at least AED 1,000.

No maximum amount has been set.

Subscription with respect to the UAE retail offer opens on 2nd November 2017 and will close on 13th November 2017.

• Subscriptions made by cheque will close on 11 November 2017 at 12:00pm.

• Subscriptions through the UAE bank to bank funds transfer system will close on 12 November 2017 at 12:00pm.

• Subscriptions made by ATM/online banking will close on 13 November 2017 at 2:00pm.

No, there will be a price range published during the offer but the final price will be determined by the Company, the selling shareholder and their advisers.

• The number of shares you receive will depend on the pricing and allocation decisions taken by the company, the selling shareholder and their advisers.

• In case of over-subscription of the UAE retail offer, shares will be allocated to UAE retail offer investors pro rata to their subscription application amount based on the final offer price.

A notice of your allocation is expected to be sent on 18 November 2017 by SMS and registered mail.

The surplus amount and any accrued interest will be returned to the subscribers account through which the payment of the original application amount was made.

Depending on the method of payment of the original application we expect subscribers to receive refunds within five days from the date of allocation.

Trading is expected to commence on Wednesday, 22nd November 2017.

Shares in Emaar Development will be available to buy and sell from the first day of trading which is expected to be Wednesday, 22nd November 2017.

• Emaar Development is the UAE property development business of Emaar Properties. It is the developer of residential and commercial build-to-sell assets in the UAE.

• The Company is behind iconic freehold master-planned communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina, and Burj Khalifa.

Emaar Development is the developer of residential and commercial build-to-sell assets in the UAE. The Company is behind iconic freehold master-planned communities in Dubai including Emirates Living, Downtown Dubai, Dubai Marina, and Burj Khalifa.

• Emaar Development represents the next phase in Emaar’s journey as a market-leading property developer in the UAE. The Company will not compete with, but rather complement Emaar Properties’ wide range of offerings.

• Emaar Development has right of first refusal on all Emaar Properties’ development projects in the country, and will establish a number of synergies with Emaar Properties as its parent company.

Based on a third-party valuation by JLL, Emaar Development has a total Gross Asset Value (“GAV”) of AED 35.6 billion which corresponds to an Adjusted Net Asset Value (“Adjusted NAV”) of AED 24.1 billion as of September 2017.

• Key figures within Emaar Development Management team include:

• For further information, please visit the Executive Team section at https://emaar.com/en/emaar-development-management

• Mohamed Alabbar will be Chairman of Emaar Development.

• The Board will comprise seven individuals who will initially be appointed by Emaar Properties and subsequently elected by Emaar Development’s shareholders.

Emaar Development will continue to focus on being a pure developer of residential and commercial build-to-sell assets in the UAE, consolidating its leadership position in the country.

No

The final share price will be determined by a book-building process, and will be announced after the subscription period ends on 16 November.

• Yes, the IPO is Shari’a compliant. There will be an official Fatwa published on the website

• Emaar Development is a Shari’a-compliant business.

As per the UAE Central Bank regulation, banks can provide leverage up to five times the amount contributed by the investor for subscription. Please call your banking relationship manager for further details.

Emaar Properties was incorporated in 1997.

Emaar Properties PJSC is headquartered in Dubai, United Arab Emirates.

Emaar Properties PJSC was listed on the Dubai Financial Market on March 26, 2000.

Emaar Properties’ fiscal year ends with the calendar year. Our quarters end on March 31, June 30, September 30, and December 31.

Emaar Properties’ shares can be bought or sold through a stock broker, or generally through a financial institution that provides brokerage services. A list of licensed brokers is available on the Dubai Financial Market’s website at: http://www.dfm.ae/pages/default.aspx?c=101

Yes, foreigners can buy shares in Emaar Properties as long as the total foreign ownership of the stock does not exceed 49%. Daily foreign ownership levels can be checked on the Dubai Financial Market’s website at: http://www.dfm.ae/pages/default.aspx?c=1080

49%

The Investment Corporation of Dubai (ICD) owns approximately 30% (as at May 31, 2014).

Yes. To view our corporate governance reports click here.

“EMAAR”.

7.159 Billion.

Ernst & Young.

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