Dubai Holding, through its investment arm “DHAM” (Dubai Holding Asset Management), has announced the public offering of “Dubai Residential REIT” on the Dubai Financial Market (DFM). The subscription period will run from May 13 to May 20, 2025, with the final unit price to be announced on May 21.
This REIT marks a significant milestone as the first investment entity in the GCC focused entirely on residential rental properties. Upon listing, it is expected to become the largest of its kind, with assets valued at AED 21.63 billion.
A total of 1.625 billion units will be offered, representing 12.5% of the fund’s capital—90% allocated to professional investors and 10% to retail investors. Allotment and refund of surplus funds will take place on May 26, and the REIT will be listed on May 28.
The offering has received two fatwas confirming its compliance with Islamic Sharia principles.
The fund will follow a semi-annual dividend distribution policy starting September 2025, targeting to distribute 80% of operating income, with the first two payments amounting to no less than AED 1.1 billion.
The REIT’s portfolio spans 21 residential communities across strategic locations in Dubai, comprising 35,700 units—95% apartments and 5% villas—with an occupancy rate of 96.8% and tenant retention at 87%.
Amit Kaushal, CEO of Dubai Holding, stated that this IPO offers a unique opportunity for investors to benefit from the ongoing growth of the residential sector, particularly after combining the portfolios of Nakheel and Meydan under the Dubai Residential REIT.
Malek Al Malek added that the REIT generated AED 1.8 billion in revenue in 2024, with adjusted operating profits of AED 1.3 billion, noting that future plans include expanding existing communities and acquiring new assets.
Ahmed Al Suwaidi, General Manager of DHAM, emphasized that the REIT presents an easy and efficient way to invest in real estate—without the complexities of direct ownership and management.
