The Royal Emirates Group is to buy the Primera Liga club Getafe for about €90m (£80m), the Dubai firm has announced, reacting to reports linking it to the purchase of a Spanish club.
"It is Getafe … we will announce it in a big way tomorrow," Suleiman al-Butti, the project manager of REG, said.
REG, an investment firm chaired by Sheikh Butti Bin Suhail al-Maktoum, said in statement the club would be named "Team Dubai" although it was not clear whether that would become the team's official name.
The deal would be the third for a La Liga club involving a non-Spanish buyer in the past year following the sale of Málaga to a member of the Qatari royal family and the purchase of Racing Santander by an Indian businessman.
REG said Dubai's minister of culture, the Spanish ambassador and "many other corporate icons and members of the ruling family of Dubai" would attend an event scheduled for Thursday to announce the deal.
Getafe are 14th in La Liga with 37 points from 32 games and hovering just above the relegation zone.