Dubai: Dubai Holding has become the largest shareholder in Emaar Properties after acquiring a 22.27% equity stake from the Investment Corporation of Dubai (ICD), the companies announced Tuesday. The deal increases Dubai Holding’s total stake in the Dubai-listed developer to 29.73%, solidifying its position as Emaar’s largest shareholder. While financial terms were not disclosed, officials described the move as a strategic consolidation reflecting confidence in both Emaar’s asset quality and the broader fundamentals of Dubai’s real estate market. The transaction represents a shift in the ownership structure of one of the region’s most prominent real estate developers. Emaar has a diversified portfolio across the Middle East, Asia, and Europe. According to company officials, the acquisition underscores Dubai Holding’s trust in Emaar’s long-term growth prospects and the enduring strength of Dubai’s economy.…