Amlak Finance, one of the leading real estate financing companies in Dubai and 45% owned by Emaar Properties, has announced a transaction with a financial institution regulated by the Central Bank of the UAE. This deal involves a partial sale of its financing contracts for an initial purchase price estimated at approximately 93 million dirhams.
The company stated in a press release that the completion of the sale agreement is contingent upon obtaining approval from the Central Bank of the UAE and fulfilling certain other conditions. It also clarified that the anticipated impact of the sale on the profit and loss statement and retained earnings is expected to be negative, amounting to around 20 million dirhams.
This impact will depend on the actual purchase price determined upon finalization of the deal, with the financial effect projected to reflect in either the fourth quarter of 2025 or the first quarter of 2026.