Initial Public Offering
General info on Dubai Residential

About the company

Name

Dubai Residential

Industry

Real Estate Investment Trust (REIT)

Employees

45K 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

IPO Details

About Dubai Residential REIT


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.


Dubai Residential REIT Figures and Valuation


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.

  • Market Cap at IPO: ~AED 13.9B–14.3B (USD ~3.8–3.9B)
  • Projected Dividend Yield: 7.7%–7.9% (2025)


    Growth Strategy


    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.

    Financial Performance and Growth


    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 🚀


    Why Consider Dubai Residential REIT’s IPO?


    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

Key Points
Get a quick overview of the essential figures for the IPO.

IPO Launch Date

EST. 28.05.2025

Exchange

Dubai Financial Market (DFM)

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