Dubai Residential REIT Initial Public Offering
Your opportunity to invest in a diversified portfolio of residential leasing properties.
Mbank presents to you the opportunity to subscribe to the Dubai Residential REIT IPO on the Dubai Financial Market (DFM).
Subscriptions will open on 13 May 2025.
Dubai Residential REIT Investment Proposition: A Unique Opportunity to Own the Dubai Growth Story
Upon listing, Dubai Residential REIT is expected to be the GCC’s first listed REIT focused exclusively on residential leasing, and the region’s largest REIT, with a gross asset value (GAV) of AED 21.63 billion, almost double the combined GAV of the five largest REITs in the region.
The REIT manages 35,700 residential units in Dubai, making it one of the largest residential real estate owners and operators in Dubai and the benchmark for residential real estate in the emirate.
Dubai Residential REIT portfolio is spread across different locations, property types, and price segments — Premium, Community, Affordable, and Corporate Housing.
The tenant mix is well-balanced, comprising 43% corporate tenants and 57% individual tenants with varying income levels, addressing the diverse residential needs of Dubai residents.
Dubai Residential REIT’s properties are actively managed by experienced teams focused on actively engaging tenants, enhancing the value proposition of managed communities, increasing cashflow, and reducing risks.
The robust economic performance of the emirate of Dubai is strongly supported and driven by the UAE’s superior macroeconomic fundamentals, which are underpinned by positive structural shifts in the rental market.
Dubai Residential REIT benefits from Dubai Holding Group’s broad capabilities within the real estate sector, including development, asset management, facilities management and community management.
Dubai Residential REIT in Numbers*
- Gross Asset Value: AED 21.6 billion
- Total Revenue: AED 1.8 billion
- Adjusted EBITDA: AED 1.3 billion
- Expected Dividend (FY 2025)**: AED 1.1 billion***
- Residential Communities: 21 across Dubai
- Residential Units: 35,700 (95% Apartments / 5% Villas)
- Average Occupancy: 97%
- Avg. Retention Rate Over 3 Years: 83%
* As at or for the year ended 31 December 2024 (unless otherwise stated)
** Subject to Board approval. The expected dividend in respect of the year ending 31 December 2025 should not be viewed as a guide to the amount of any dividends that may be paid in respect of subsequent periods
*** Or, if higher, an amount equal to 80% of profit for the period before changes in fair value of investment property
Key dates to remember
- UAE Retail Subscription Commencement: 13 May 2025
- UAE End of Subscription Period: 20 May 2025
- Announcement of Final Offer Price: 21 May 2025
- Allocation and Refunds: 26 May 2025
- Expected Listing on DFM: 28 May 2025
To find out more information about the Dubai Residential REIT IPO, visit https://ipo.dubairesidential.ae/ or call 600571111.
Disclaimer: This announcement has not been reviewed or approved by the SCA or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the units should be based solely on the information in the Prospectus.