The Dubai Financial Market (DFM) has kickstarted its divestment drive, selling a 10.2k sqm plot in Business Bay to Creek Views Real Estate Development for AED 826.7 mn, according to a disclosures to the DFM (here) and (here). The move is part of DFM’s strategy to reallocate capital to higher-growth prospects.

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Payment terms: The transaction will come in three tranches starting with a 20% deposit, then 30% to be paid after 12 months, and the remaining 50% after 24 months. The agreement includes a deferred title structure and is expected to close by 8 May 2027.

Financial impact: DFM expects AED 499.7 mn in investment income from the transaction, which will be reflected in its 2Q 2025 results. The asset previously generated AED 4.2 mn in cash outflows.

ICYMI- Last week, the DFM signed a binding agreement to divest part of its non-core investment assets under its capital optimization strategy. While details were limited at the time, the move was said to support DFM’s push to maintain a diversified revenue stream, with investment and other income accounting for 53.9% of its AED 186.5 mn in revenues in 1Q 2025. Net income before tax rose 41.1% y-o-y to AED 134.9 mn in the quarter, supported by record trading activity and strong foreign investor participation.

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