Dubai Financial Market (DFM) welcomed today the successful debut of Dubai Residential REIT, a Shariah-compliant income-generating closed-ended real estate investment fund and one of the largest owners and operators of residential real estate in Dubai.
The fund is trading under the symbol “DUBAIRESI” and ISIN “AEE01657D252”. Dubai Residential REIT has gained 15.46 percent so far today. It was priced at AED1.1 per unit upon listing, and is now trading at AED1.27.
“The successful debut of Dubai Residential REIT on DFM exemplifies our broader efforts to expand access to asset classes that reflect the economic ambitions of Dubai. It speaks to the continued evolution of our capital markets and the strength of investor confidence in our vision,” stated Helal Al Marri, chairman of the DFM board of directors.
First listing on the DFM this year marks major success
The listing of Dubai Residential REIT on DFM marks a significant milestone for Dubai’s capital markets, introducing the GCC’s first listed pure-play residential leasing focused REIT and the region’s largest listed REIT with 35,700 residential units under management.
It also represents the first REIT to list under the UAE’s updated regulatory framework and the first listing on the DFM in 2025, underscoring Dubai’s position as a leading hub for diversified investment opportunities.
“The listing of Dubai Residential REIT on DFM marks a pivotal moment in our ongoing efforts to diversify investment opportunities and enhance market depth. This successful IPO not only reflects the strength of Dubai’s real estate sector but is a testament to the trust placed in Dubai’s regulatory infrastructure and our ability to deliver efficient, accessible, and forward-looking capital markets. We are proud to support Dubai Holding in this endeavor and to welcome a new sector-leading REIT to the market,” commented Hamed Ali, CEO of DFM and Nasdaq Dubai.
Dubai Residential REIT IPO raises $584 million
The IPO of Dubai Residential REIT raised $584 million, with overwhelming interest from local, regional and international investors, reflecting strong confidence in Dubai’s mature residential real estate market. The Offering of 1.95 billion units was fully subscribed within minutes of the book opening, resulting in a final offer price set at the top of the indicated range, AED1.10 per offer unit.
Dubai Residential REIT debuts with a market capitalization of AED14.3 billion and a projected gross dividend yield of 7.7 percent for 2025.
In response to exceptional demand across all investor tranches, DHAM REIT Management LLC increased the size of the offering from 12.5 percent to 15.0 percent of Dubai Residential REIT’s total issued unit capital. The total gross demand surpassed AED56 billion, resulting in an overall oversubscription of 26 times at the final offer price.
Following the listing, DHAM Investments LLC, a subsidiary of Dubai Holding, retains a majority stake of 85 percent in Dubai Residential REIT.
“This achievement reflects our long-standing commitment to unlocking value from strategic assets, supporting the UAE’s vision for economic diversification and advancing Dubai’s position as a leading global hub for investment. We are proud to contribute to shaping the future of real estate investment through innovation, scale and institutional excellence,” added Amit Kaushal, group CEO of Dubai Holding.
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Market cap of DFM-listed companies hits AED962.7 billion
The successful listing of Dubai Residential REIT reinforces DFM’s role as a leading platform for diversified investment products and reflects the growing demand for structured, income-generating assets within the region.
The strong momentum reinforces DFM’s status as a dynamic and resilient capital markets platform. The total market capitalization of companies listed on DFM reached AED962.7 billion, with the exchange achieving its highest Average Daily Trading Value (ADTV) in more than a decade, representing a 58 percent increase over last year.
This performance reflects sustained investor engagement, robust trading volumes and strong capital inflows, despite global uncertainties impacting sentiment in other markets.
