Dubai Holding Plans Dh21.6B IPO for Residential REIT on DFM

Dubai Holding has announced the initial public offering (IPO) of Dubai Residential REIT, a Sharia-compliant real estate investment trust, on the Dubai Financial Market. The offering will consist of 1.625 billion units, representing 12.5% of the REIT’s total issued capital, with subscriptions open from May 13 to May 20 and trading expected to begin around May 28, 2025. The REIT, managed by DHAM REIT Management LLC, will become the largest listed REIT in the GCC by gross asset value at AED 21.63 billion, managing 35,700 residential units across 21 communities in Dubai. The IPO is structured with 10% of units reserved for UAE retail investors and 90% for institutional investors, underscoring strong anticipated demand from both segments. The offering follows the integration of major residential portfolios, such as Nakheel and Meydan, under Dubai Holding, enhancing its regional position. Investors are expected to benefit from a semi-annual dividend policy, starting September 2025, and exposure to Dubai’s growing real estate market.