Dubai Residential REIT announced on Tuesday its financial results for the first half of 2025. In its inaugural reporting period since listing on the Dubai Financial Market, the REIT delivered a strong financial and operational performance, reflecting robust rental income, exceptional occupancy levels and a disciplined capital structure.
Net profit before changes in the fair value of investment property was AED622 million ($169.34 million), up 10 percent compared to the first half of 2024. Meanwhile, gross asset value (GAV) stood at AED23 billion, reflecting a 7 percent increase since December 2024.
“Dubai Residential REIT’s strong first-half results mark a key milestone in our journey as a newly listed entity and reaffirm the strength of our long-term strategic vision, institutional governance and value-driven approach,” said Nabil Mohammad Ramadhan, chairman of the board of directors for Dubai Residential REIT.
Revenue rises to AED958 million
Dubai Residential REIT’s revenue rose to AED958 million in H1 2025, up 10 percent compared to the first half of 2024, driven by sustained leasing momentum and rental rate increases across the residential portfolio. Adjusted EBITDA increased by 11 percent to AED718 million, driven by revenue growth and operational efficiencies, resulting in a stable margin of 75 percent.
Overall, portfolio-wide occupancy averaged 98 percent, while average revenue per leased gross leasable area (GLA) grew by 6 percent. Premium residential properties achieved a strong average occupancy of 98 percent, reflecting sustained demand for high-quality living in Dubai’s most sought-after locations.
Dubai Residential REIT’s community living assets followed closely with 97 percent occupancy, supported by growing interest in well-integrated, family-oriented environments. Affordable segment properties recorded a robust 99 percent occupancy, driven by continued population growth and demand for accessible housing. Corporate Housing assets achieved 100 percent occupancy, underscoring successful lease-up activity in key staff housing locations.
“Our success is driven by a deep understanding of tenant needs, rigorous property management, and an active focus on maintaining high-quality, well-located communities. As we continue to scale, we remain focused on optimising rental performance, enhancing customer satisfaction, and driving consistent cash flow across all residential segments,” said Ahmed Al Suwaidi, managing director of DHAM REIT Management.
Dubai Residential REIT approves AED550 million dividend for H1 2025
Dubai Residential REIT will follow a semi-annual dividend distribution policy, with payments scheduled for April and September of each year, in line with the guidance provided at the time of the Initial Public Offering. The board of directors of Dubai Residential REIT approved an interim cash dividend of AED550 million for H1 2025 to be distributed in September 2025.
Dubai Residential REIT previously announced that the sum of the first two dividend payments in respect of the financial results for the year ending 31 December 2025 will be the higher of AED1,100 million or 80 percent of profit before changes in the fair value of investment property for FY25.
In regards to the financial results for the year ending December 31, 2026, and thereafter, Dubai Residential intends to distribute at least 80 percent of profit for the period before changes in fair value of investment property for each accounting period. All dividend distributions remain subject to the approval of Dubai Residential REIT’s board of directors
“As one of Dubai’s largest residential landlords, the REIT provides unitholders with access to a resilient, professionally managed platform that reflects the city’s ongoing transformation and global appeal. Backed by a robust financial foundation and supportive macroeconomic fundamentals, the board remains focused on ensuring disciplined stewardship, delivering stable income and driving sustained long-term value for our unitholders – while contributing to Dubai’s broader urban and economic development agenda,” added Ramadhan.
