Dubai Residential REIT, a Shariah-compliant, closed-ended income-generating real estate investment trust and one of Dubai’s largest residential landlords, reported another period of strong operational performance for the nine months ending September 30, 2025.
Managed by DHAM REIT Management, the REIT continued to deliver solid results, supported by high occupancy levels, disciplined asset management and steady rental growth across all residential categories.
Revenue increased by 10 per cent year-on-year, driven by higher rental rates, strong leasing activity and proactive strategies across its communities. Revenue per leased GLA rose 7 per cent over the same period, indicating strong and healthy rental performance across the portfolio.
As of September 30, 2025, the REIT’s Gross Asset Value stood at around AED23bn ($6.26bn), highlighting the scale, quality and diversification of one of Dubai’s most extensive residential leasing portfolios.
The REIT recorded an average occupancy rate of 98 per cent, representing a two per cent increase from last year and reflecting strong tenant demand combined with effective asset management.
Portfolio retention held steady at 97 per cent across Q1 to Q3 2025, signalling high tenant satisfaction and consistent lease renewals. The net Finance-to-Value ratio remained low at 4 per cent, demonstrating prudent leverage and effective financial management.
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said the nine-month update reaffirms Dubai Residential REIT’s position among the city’s largest residential portfolios and reflects strong, stable demand. He added that the REIT maintained 98 per cent occupancy and 97 per cent tenant retention throughout the year, showing that its strategy continues to be executed effectively. He attributed the positive performance to Dubai’s resilient rental fundamentals, population growth, long-term residency initiatives and the city’s global appeal for both living and investment.
Dubai’s population surpassing four million in 2025, supported by long-term visa programmes, expanded freehold ownership and the Dubai 2040 Urban Master Plan, continues to strengthen the city’s position as a leading global investment hub.
Looking ahead, Dubai Residential REIT remains focused on its long-term strategy which centres on high-quality, income-generating residential assets, careful use of leverage and disciplined capital allocation.
The REIT plans to add approximately 276 units to its portfolio from its committed pipeline. This includes developments such as Jebel Ali Village and Garden View Villas, which are expected to contribute between AED70m ($19m) and AED80m ($21.75m) in additional revenue once fully stabilised.
