Dubai Holding announced today the successful completion of the book-building and subscription process for the initial public offering (IPO) of units in the Dubai Residential REIT on the Dubai Financial Market, amid exceptional demand from both retail and institutional investors.
The final offering price was set at AED 1.10 per unit, following a total demand that exceeded AED 56 billion ($15 billion)—26 times the targeted offering value—reflecting strong investor confidence in the REIT’s performance and growth prospects within Dubai’s residential real estate sector.
The company initially offered 1.625 billion units, representing 12.5% of the REIT’s issued capital. However, due to overwhelming demand, the offering was increased to 1.95 billion units, or 15% of the capital. This was done by raising the allocation for professional investors from 1.462 billion to 1.787 billion units, while maintaining the retail tranche for UAE-based individuals at 162.5 million units.
The units of Dubai Residential REIT are expected to be listed on the Dubai Financial Market under the ticker “DUBAIRESI”, with trading set to commence on May 28, 2025. This marks a significant step in diversifying the investment instruments available to investors in the UAE market.
The Dubai Residential REIT is a publicly traded real estate investment trust (REIT) that offers investors access to income from Dubai’s residential rental market within a regulated and transparent framework designed to ensure efficiency and oversight.
