Dubai – Mubasher: The value of Emaar Development’s IPO increased to AED 4.82 billion from AED 4.56 billion on Wednesday, according to CNBC Arabia.

On 2 November, Emaar Properties stated that the price range of Emaar Development’s shares would be between AED 5.7 and AED 6.9 per share. 

Emaar Properties launched on 2 November an IPO representing 20% of Emaar Development’s 800 million issued shares for subscription by individuals until 13 November and by institutions until Wednesday.