DFM
The IPO of Dubai Residential REIT raised $584 million, with overwhelming interest from local, regional and international investors
The final offer price was set at the top end of the price range, enabling the company to raise $584 million through the IPO
The revised offering size is expected to be between $568 million and $584 million
The range values the Dubai Residential REIT between AED13.9 billion and AED14.3 billion
Successful launch highlights conviction that profitability and a positive environmental impact are mutually reinforcing
Saudi Arabia recorded 12 out of 14 listings in the MENA region during this quarter
Dubai Residential REIT is expected to be the GCC’s largest listed REIT, with a gross asset value of AED21.63 billion
The Dubai index gained 2.5 percent on a weekly basis, while Abu Dhabi gained 2 percent
DFM’s total consolidated revenue reached AED186.5 million in Q1 2025
Sheikh Hamdan expressed hope for greater cooperation between the Bombay Stock Exchange and Dubai Financial Market
IPOs allow investors to diversify their investments across various UAE sectors, including tech, healthcare, and energy
