Dubai Holding has successfully completed the initial public offering (IPO) of Dubai Residential REIT on the Dubai Financial Market (DFM), attracting strong interest from investors. The offering drew over AED 56 billion in gross demand, making it one of the most oversubscribed IPOs in the region with a 26-times oversubscription.
Offer Upsized Amid Strong Market Response
Due to overwhelming interest, Dubai Holding increased the offer size from 12.5% to 15% of the REIT’s total issued unit capital. The company offered 1.95 billion units at a final price of AED 1.10 per unit. This pricing values the REIT at AED 14.3 billion upon listing.
The IPO raised more than AED 2.1 billion and received strong support from local, regional, and global investors. The strong pricing outcome reflects high confidence in Dubai’s growing residential real estate sector.
Attractive Yield and Market Debut Set for May 28
The final offer price translates to a projected gross dividend yield of 7.7% for 2025. Investors can expect the REIT units to begin trading on the DFM under the ticker symbol DUBAIRESI on or around May 28.
Amit Kaushal, Group CEO of Dubai Holding, commented on the achievement:
“We are confident in Dubai Residential REIT’s ability to deliver long-term, sustainable returns. Looking ahead, our goal is to shape the future of urban living and contribute to Dubai’s rise as a global hub for investment, innovation and high-quality living.”
Strengthening Dubai’s Investment Landscape
This IPO highlights growing investor appetite for Dubai-based assets. It also supports the emirate’s broader efforts to deepen its capital markets and enhance access to high-quality investment opportunities. As Dubai Residential REIT enters public trading, it is expected to play a key role in the city’s evolving real estate and investment ecosystem.
