Initial Public Offering

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General info on Dubai Residential

About the company

Name

Dubai Residential

Industry

Real Estate Investment Trust (REIT)

Employees

Approx. 45,000 (Full Group)

Founding year

2024 2024 (REIT vehicle under Dubai Holding)

Ticker

TBC

Filing Information

IPO file date

May 28, 2025

No. of shares

1.625 billion (12.5% of total)

Price

AED 1.07 – AED 1.10

Exchange

Dubai Financial Market (DFM)

Bookrunners

Emirates NBD, EFG Hermes, First Abu Dhabi Bank

IPO Details

 Who are Dubai Residential?

Dubai Residential REIT is a Shariah-compliant, income-generating real estate investment trust backed by Dubai Holding. Its portfolio spans 35,700+ leased units across 21 thriving Dubai communities—including City Walk, Bluewaters, and Meydan Heights. The REIT brings retail investors access to one of the region’s largest and most stable rental portfolios.          

Financial Highlights & Valuation

  • Gross Asset Value: AED 21.63B (USD 5.89B)   
     
  • Net Rental Yield: 6-7%    
     
  • Occupancy Rate: 97% (+4% rise in occupancy)    
     
  • Tenant Retention: 87% (+5% YoY)   
     
  • Projected Dividend: 80%+ net profit distribution (semi-annual)   
     
  • Revenue: +18% revenue growth per leased unit (2023–2024)   
     
  • IPO Raise Target Up to USD 500 million  
     
  • Implied Valuation: AED 13.9B – 14.3B (USD ~3.8–3.9B)   
     

Note: Backed by a mature asset base developed by Dubai Holding subsidiaries like Dubai Asset Management, the REIT combines institutional oversight with resilient long-term rental demand.

Strategic Roadmap

  • Capital Unlocking: Transforming a private real estate portfolio into a listed income vehicle.  
     
  • Dividend Focus: Offering predictable semi-annual payouts aligned with long-term leases 
     
  • GCC Market Benchmark: Setting the stage for future REIT activity across the region 
     
  • Retail + Institutional Access: Built to serve diverse investor profiles. 
     
  • Stability + Growth: Strong yield with exposure to a booming rental market 
     

More on Dubai Residential REIT

From demographic booms and soaring property prices to pro-investment reforms, here’s why the Dubai Residential REIT IPO is turning heads.

  • Backed by Dubai Holding – One of the UAE’s largest landowners and developers.
  • Stable Rental Yields – Targeting 80%+ profit distribution with 97% occupancy.
  • Dubai Real Estate Advantage – Rising population, pro-investment reforms, and 15% YoY property price growth.
  • Shariah-Compliant – Fully aligned with Islamic investment principles.
  • IPO Timing – First DFM listing of 2025 with strong market momentum.

 

Sources: Reuters, MarketWatch, Zawya, Gulf Business

Summary

Ticker

TBC

Price

AED 1.07 – AED 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 Dubai Residential IPODubai Residential

IPO Date

May 28, 2025

Valuation

AED 13.9B – 14.3B (~USD 3.8–3.9B)

Exchange

Dubai Financial Market (DFM)

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Status:

Upcoming

IPO Date:

May 28, 2025

Price

AED 1.07 – AED 1.10

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