Dubai Residential REIT has announced the allocation of 2,039 units to individual investors who subscribed at the minimum threshold of AED 5,000, representing approximately 45% of the units required for minimum subscription.
The company also noted that the allocation percentage increases for investors who subscribed with amounts above the minimum, with allocations reaching around 1.55% of the total units requested above the threshold—reflecting strong demand for the offering.
The subscription process began on May 13, with the company initially offering 1.625 billion units, representing 12.5% of the fund’s issued capital. Due to significant demand, the offering size was raised to 1.95 billion units (equivalent to 15% of the capital) by increasing the second tranche for professional investors from 1.4625 billion units to 1.7875 billion units, while keeping the first tranche for UAE retail investors unchanged at 162.5 million units. The subscription period closed on May 20.
Last Wednesday, the company announced the completion of the bookbuilding and subscription process for the IPO, setting the final offer price at the top of the price range, AED 1.10 per unit, highlighting investor confidence and strong market demand.
The units of Dubai Residential REIT are set to be listed on the Dubai Financial Market (DFM) under the ticker “DUBAIRESI”, with trading scheduled to commence on May 28, 2025.
This marks the first residential REIT to be listed on DFM, representing a significant step toward diversifying investment products and enhancing the UAE market’s appeal to both local and international investors—especially amid growing interest in income-generating real estate under a clear and transparent regulatory framework.
