[15] In 2012, ICD acquired Smartstreams Technologies Group Limited and a controlling stake in Dubai Aerospace Enterprise (DAE).

[21][22] In 2016, ICD acquired Porto Montenegro Marina and Resort located in the world heritage site Bay of Kotor from Montport Capital.

[28] In 2020, ICD sold the W Washington D.C. Hotel to independent owners,[29] established its ESG Management Committee, formalised its ESG Policy and Framework and commissioned the carbon footprint of its operations certified in line with the ISO 14064 Standard and the Greenhouse Gas (GHG) Protocol.

[31][32] In 2023, ICD sold aswaaq to GMG in January[33] and Columbus Centre Corporation (Cayman), which owns Mandarin Oriental NY Hotel to Reliance Industries.

In 2007, Emirates National Bank of Dubai (ENBD) was formed through the merger of EBI and NBD,[35] with a market capitalisation of over $11.3 Billion.

[42] In 2013, ENBD acquired the Egyptian business of French bank BNP Paribas for $500 million,[43] while dnata also obtained a controlling stake in Servair Airchef, an in-flight catering provider in Italy.

[50] DAE divested its interest in American MRO provider StandardAero to New York-based private equity firm Veritas Capital.

[56] This was followed in 2020 by Emirates taking over American company Air Venture Holdings, which specialised in food and beverage retail sales.

[63] ICD's portfolio primarily includes businesses and assets either wholly or partially owned by the Dubai Government.

[69][70][71] 25% of ICD's assets consist of four major transport-related holdings, including Emirates Airline,[72] Dnata, Flydubai, and Dubai Aerospace Engineering (“DAE”).

[77] 17% of ICD's assets consist of eight major holdings, including the Dubai World Trade Centre (“DWTC”), Kerzner International Holdings Limited (“Kerzner”), the UNESCO-protected Porto Montenegro in the Bay of Kotor, Atlantis The Palm,[65] Atlantis The Royal at The Palm, Mandarin Oriental New York, One&Only Palmilla, and One&Only Cape Town in the Hospitality & Leisure Sector.