Dubai Investments Set to Ride Property Boom With Unit’s IPO (1)

Dubai Investments PJSC is in talks with banks to list a unit that operates one of the emirate’s largest mixed-use real estate developments, seeking to capitalize on surging property demand.

The firm is likely to sell up to a 25% stake in Dubai Investments Park Development Co. by February, Chief Executive Officer Khalid Bin Kalban said in an interview. “We will use the proceeds to expand, and we have plans for other parks,” he said.

Dubai Investments Park could be valued in the range of about 8 billion dirhams ($2.2 billion) to 10 billion dirhams, according to people familiar ...