Dubizzle Ltd., the UAE-based classifieds and digital marketplace group, is gearing up for a major listing on the Dubai Financial Market (DFM), with its valuation expected to land around $2 billion. Zawya+3Fwdstart+3GlobalCapital+3 This marks one of the most anticipated tech IPOs in the region this year. What’s on the Table Offer size and stake: Dubizzle plans to float around 1.25 billion shares, representing ~30.3 % of its post-offer share capital. The offering will comprise a mix of newly issued shares and existing shares sold by current shareholders. GlobalCapital+5Fwdstart+5Gulf News+5 Prosus’s commitment: The company’s largest shareholder, Prosus N.V., has pledged <head>00 million into the IPO to support the issuance and reinforce investor confidence. Arabian Business+5Fwdstart+5GlobalCapital+5 Timeline: Subscription window: October 23 – October 29, 2025 (for both retail and institutional investors) Gulf News+3Arabian Business+3GlobalCapital+3 Price setting & allocation: October 30 (final offer price) GlobalCapital+3Arabian Business+3Zawya+3 Share allocation: November 4, 2025 Gulf News+1 Trading starts: On or around November 6, 2025 Online Marketplaces+3Arabian Business+3GlobalCapital+3 Underwriters & advisers: Dubizzle has appointed Emirates NBD, Goldman Sachs, HSBC, and Morgan Stanley as joint bookrunners. Rothschild & Co. serves as financial advisor. Fwdstart+2GlobalCapital+2 Strategic Rationale & Market Context A Real Estate Boom as Tailwind The timing of this IPO aligns with a red-hot property market in Dubai. Since the onset of the COVID-19 pandemic, real estate prices in the emirate have surged by approximately 70 %, largely fueled by a wave of foreign capital influx. LinkedIn+3Bloomberg+3Arabian Business+3 In 2025 alone: H1 property sales jumped ~40 %, hitting AED 326.6 billion (~$89 billion). Arabian Business Transaction volumes in H1 2025 reached 99,146 deals, up from ~26,891 in H1 2021—an increase of nearly 369 %. Arabian Business Dubai’s property market also defied the usual summer lull in 2025, registering 22.7 % growth in residential sales and a 31 % surge in commercial deals midyear. Zawya Meanwhile, in the residential segment, property values in H1 2025 rose across the board: 3–10% in affordable homes, up to 10% in mid-tier, and ~8% in luxury categories. Bayut This strong momentum in the real estate sector positions property-related and classifieds platforms, such as Dubizzle and Bayut, to benefit from growing transaction volume, demand for market intelligence, and digital intermediaries. Dubizzle’s Business & Growth Moves Dubizzle isn’t just a classifieds site — it has evolved into a digital marketplace ecosystem with strong vertical integration: Subsidiary platforms: It operates across real estate, automotive, and general goods categories, including popular portals like Bayut. GlobalCapital+3Fwdstart+3WAYA+3 Acquisitions and expansion: To reinforce its verticals, Dubizzle has acquired Drive Arabia, Hatla2ee, and Property Monitor, expanding its footprint in automotive and proptech segments. GlobalCapital+4Fwdstart+4WAYA+4 Scale and reach: The company employs ~2,400 people across 10 countries. Fwdstart The IPO proceeds are expected to support: Employee stock ownership programs (ESOPs) Strategic acquisitions and growth initiatives Enhanced flexibility in capital structure and future funding rounds Online Marketplaces+2GlobalCapital+2 Risks & Considerations While the overall outlook is bullish, some risk factors and caveats merit attention: Valuation and sentiment sensitivity: Tech IPOs in the Middle East are still relatively new, and investor sentiment can swing. If broader markets face turbulence, pricing may be affected. Real estate bubble concerns: Rapid property appreciation also raises questions of sustainability. Some analysts caution about oversupply or corrections in late 2025–2026. Reuters+2Reuters+2 Regulatory and shareholder mix shifts: With 30 % floated, existing shareholders (including Prosus via OLX BV) will be diluted, which may affect control dynamics. Gulf News+2Zawya+2 Execution risks: Delivering on revenue growth, integration of acquisitions, and maintaining margins across markets are nontrivial challenges, especially as competition in online classifieds and marketplaces intensifies. Significance for Dubai & Regional Markets The Dubizzle IPO adds another major tech listing to Dubai’s capital markets, reinforcing the shift toward digital economy players. It also signals growing confidence in regional tech scale-ups embracing public capital markets. It aligns with a string of high-profile property and REIT listings in the emirate, tapping into investor appetite for