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DHAM REIT Management LLC announced its intention to launch an initial public offering for Dubai Residential REIT, a Shariah-compliant income-generating closed-ended real estate investment fund under establishment and one of the largest owners and operators of residential real estate in Dubai, to list its units for trading on the Dubai Financial Market (DFM).
The REIT is expected to be the GCC’s first listed REIT focused exclusively on residential leasing, and the region’s largest REIT, with a gross asset value (GAV) of AED 21.63 billion.
Abu Dhabi Islamic Bank PJSC acting as Receiving Bank present to you the opportunity to subscribe to the Dubai Residential REIT IPO on the DFM.
listing, Dubai Residential REIT is expected to be the GCC’s first listed REIT focused exclusively on residential leasing, and the region’s largest REIT, with a gross asset value (GAV) of AED 21.63 billion, almost double the combined GAV of the five largest REITs in the region.
The REIT manages 35,700 residential units in Dubai, making it one of the largest residential real estate owners and operators in Dubai and the benchmark for residential real estate in the emirate.
Dubai Residential REIT portfolio is spread across different locations, property types, and price segments: Premium, Community, Affordable, and Corporate Housing.
The tenant mix is well-balanced, comprising 43% corporate tenants and 57% individual tenants with varying income levels, addressing the diverse residential needs of Dubai residents.
Dubai Residential REIT’s properties are actively managed by experienced teams focused on actively engaging tenants, enhancing the value proposition of managed communities, increasing cashflow, and reducing risks.
The robust economic performance of the emirate of Dubai is strongly supported and driven by the UAE’s superior macroeconomic fundamentals, which are underpinned by positive structural shifts in the rental market.
Dubai Residential REIT benefits from Dubai Holding Group’s broad capabilities within the real estate sector, including development, asset management, facilities management and community management.
* As at or for the year ended 31 December 2024 (unless otherwise stated)
** Subject to Board approval. The expected dividend in respect of the year ending 31 December 2025 should not be viewed as a guide to the amount of any dividends that may be paid in respect of subsequent periods
*** Or, if higher, an amount equal to 80% of profit for the period before changes in fair value of investment property
UAE Retail Subscription Commencement
UAE End of Subscription Period
Announcement of Final Offer Price
Allocation and Refunds
Expected Listing on DFM
For more information about the Dubai Residential REIT IPO, the subscription criteria and process
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