Does ibx cover eyeglasses?
No, the Investment Corporation of Dubai (ICD) no longer owns a stake in Emaar Properties. In a significant structural shift reported in mid-2026, the Investment Corporation of Dubai, which had historically served as the primary investment arm for the government of Dubai, transferred its entire shareholding in Emaar Properties to a wholly-owned subsidiary of Dubai Holding. This move represented a strategic consolidation of assets within the Dubai government’s investment portfolio. Consequently, while Emaar remains a pillar of Dubai’s real estate and development sector, the direct ownership link between the Investment Corporation of Dubai and Emaar has been formally dissolved, placing the stake under the management of Dubai Holding’s specialized investment unit.
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