diff --git a/src/Installer/Directory.Build.props b/src/Installer/Directory.Build.props
new file mode 100644
index 000000000000..314c3f8d687f
--- /dev/null
+++ b/src/Installer/Directory.Build.props
@@ -0,0 +1,11 @@
+<Project>
+
+  <Import Project="$([MSBuild]::GetPathOfFileAbove('Directory.Build.props', '$(MSBuildThisFileDirectory)../'))" />
+
+  <PropertyGroup>
+    <!-- Shared version for dotnetup CLI and Microsoft.Dotnet.Installation library -->
+    <DotnetupVersionPrefix>0.1.1</DotnetupVersionPrefix>
+    <DotnetupPreReleaseVersionLabel>preview</DotnetupPreReleaseVersionLabel>
+  </PropertyGroup>
+
+</Project>
diff --git a/src/Installer/Microsoft.Dotnet.Installation/Microsoft.Dotnet.Installation.csproj b/src/Installer/Microsoft.Dotnet.Installation/Microsoft.Dotnet.Installation.csproj
index 75a687ed4ff4..0d48bf7ee33b 100644
--- a/src/Installer/Microsoft.Dotnet.Installation/Microsoft.Dotnet.Installation.csproj
+++ b/src/Installer/Microsoft.Dotnet.Installation/Microsoft.Dotnet.Installation.csproj
@@ -14,8 +14,8 @@
     <PackageId>Microsoft.Dotnet.Installation</PackageId>
     <IsShipping>false</IsShipping>
     <Title>.NET Installation Library</Title>
-    <VersionPrefix>0.1.1</VersionPrefix>
-    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
+    <VersionPrefix>$(DotnetupVersionPrefix)</VersionPrefix>
+    <PreReleaseVersionLabel>$(DotnetupPreReleaseVersionLabel)</PreReleaseVersionLabel>
     <GenerateDocumentationFile>true</GenerateDocumentationFile>
     <TreatWarningsAsErrors>true</TreatWarningsAsErrors>
   </PropertyGroup>
diff --git a/src/Installer/dotnetup/dotnetup.csproj b/src/Installer/dotnetup/dotnetup.csproj
index 46acc3bca55e..165e8483982b 100644
--- a/src/Installer/dotnetup/dotnetup.csproj
+++ b/src/Installer/dotnetup/dotnetup.csproj
@@ -15,8 +15,8 @@
     <NoWarn>$(NoWarn);CS8002;CS1591</NoWarn>
 
     <!-- dotnetup versioning -->
-    <VersionPrefix>0.1.1</VersionPrefix>
-    <PreReleaseVersionLabel>preview</PreReleaseVersionLabel>
+    <VersionPrefix>$(DotnetupVersionPrefix)</VersionPrefix>
+    <PreReleaseVersionLabel>$(DotnetupPreReleaseVersionLabel)</PreReleaseVersionLabel>
     <GenerateDocumentationFile>true</GenerateDocumentationFile>
     <TreatWarningsAsErrors>true</TreatWarningsAsErrors>
   </PropertyGroup>