Dubai’s leading property firm Emaar Properties says it plans to sell a 20% stake in its property development business unit Emaar Development next month in an initial public offering (IPO), Reuters-affiliated website Zawya reports.

The period from November 2-13 will be open for retail investors to apply for the offering, according to the developer.

Emaar has delivered over 34,500 residential units since 2002 in a number of projects such as Emirates Living, Downtown Dubai, Dubai Marina and Arabian Ranches.