An organocatalyzed enantioselective protonation sequence that starts from readily available disubstituted Meldrum's acid derivatives and phenols, proceeds under phase‐transfer‐catalytic (PTC) conditions, and provides chiral nonracemic 2‐aryl propionic esters in good isolated yields with up to 70 % ee is presented. The usefulness of this method was demonstrated by the synthesis of enantioenriched (S)‐ibuprofen