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About the company
Name
Dubai Residential
Industry
Real Estate Investment Trust (REIT)
Employees
45 000 Combined Workforce Across The Group
Founding year
2024
Ticker
To be announced
Filing Information
IPO file date
28/05/2025
No. of shares
1.625 billion (12.5% public offering)
Price
AED 1.O7 - 1.10
Exchange
Dubai Financial Market (DFM)
Bookrunners
Emirates NBD, EFG Hermes, First Abu Dhabi Bank
Dubai Residential REIT is a Shariah-compliant public REIT backed by Dubai Holding, one of the UAE’s most prominent real estate developers and landowners. Dubai Residential REIT’s portfolio includes over 35,700 residential units across multiple locations, property types, and pricing segments—including Premium, Community, Affordable, and Corporate Housing—serving over 140,000 residents.
The tenant base is well-balanced, with 43% corporate tenants and 57% individual tenants from a wide range of income brackets, effectively catering to the varied residential needs of Dubai’s population.
The IPO includes an offering of 1.625 billion units, equivalent to 12.5% of the REIT, with a target raise of up to USD 500 million.
Dubai Residential REIT benefits from steady asset performance, a balanced tenant mix (43% corporate / 57% individual), and a focus on long-term leases. Backed by Dubai Holding, it aims to preserve capital, deliver semi-annual dividends, and maintain consistent rental demand in high-growth communities.
With an asset base valued at AED 21.63 billion (USD 5.89 billion), an estimated net rental yield of 6–7%, and an average occupancy rate exceeding 92%, the REIT delivered robust results in 2024, reflecting its solid fundamentals and effective asset management strategy.
📊 2024 Financial Highlights:
✔ 18% revenue growth per leased unit (YoY)
✔+7.5% increase in revenue per sq. ft.
✔ 97% average occupancy | 87%tenant retention
✔ AED 21.63B gross asset value (~USD 5.89B)
The REIT has demonstrated strong financial performance across key metrics, positioning it as a resilient, income-generating asset in the UAE’s real estate sector 🚀
Dubai Residential REIT gives investors a chance to access institutional-quality real estate at scale—professionally managed and backed by one of the UAE’s most trusted names.
1. Strategic Sponsorship: Backed by Dubai Holding, parent of Nakheel and a key driver of Dubai’s real estate development.
2. High-Performing Assets: 35,700+ leased units in 21 prime communities.
3. Strong Yields: Targeting 80%+ net profit distribution, with semi-annual payouts.
4. Market Potential: Dubai’s rental market continues to grow, with property prices rising +15% YoY, driven by infrastructure, population expansion, and investor confidence.
5. First DFM Listing of 2025:The REIT represents the first listing on the Dubai Financial Market in 2025, marking a milestone in Dubai's capital markets.
6. Shariah-Compliant: Structured to meet Islamic investment principles.
While the REIT itself is newly established in 2024, it is backed by a mature, income-generating portfolio developed and managed over the past two decades by Dubai Holding and its subsidiaries, including Dubai Asset Management.
Interested investors should review the IPO prospectus and consult a financial advisor before making any decisions.
Past performance is not a reliable indicator of future results. Investments in IPOs carry risk and should be carefully considered.
Summary
Ticker
To be announced
Price
AED 1.O7 - 1.10
Exchange
Dubai Financial Market (DFM)
Bookrunners
Emirates NBD, EFG Hermes, First Abu Dhabi Bank
IPO Launch Date
EST. 28.05.2025
Exchange
Dubai Financial Market (DFM)
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