Nasdaq Dubai-listed Emirates REIT confirms first dividend since 2019

Dubai: The Nasdaq Dubai-listed Emirates REIT has confirmed its first dividend payout since 2019.

The parent entity, Equitativa (Dubai) is to distribute a final cash dividend of $7 million (or $0.02 per ordinary share) for the 2024 period.

This was approved by shareholders and 'reflects Emirates REIT’s strong financial performance'. (This will be paid to shareholders of record as of June 4.)

Thierry Delvaux, CEO of Equitativa (Dubai), said: “We recorded excellent results in 2024 and are pleased to resume dividend payments to our shareholders, reflecting the robust performance and stability that Emirates REIT has achieved.

"Looking ahead, we intend to maintain a regular dividend policy, supported by strong returns and focused portfolio management.”

Emirates REIT in recent years had gone through a major restructuring of its portfolio, disposing of some of the none-core assets on its books. There was a 79% increase in total property income to $133 million coupled to a 94% portfolio occupancy rate, and an 'all-time high' net asset value of $708 million.

Thus, it was a leaner and more cost-efficient REIT that emerged in 2025.

It was recently that the Dubai Residential REIT made its appearance on DFM after a successful IPO. The REIT will pay the higher of Dh1.1 billion and an amount equal to 80% of profit for the period before changes in fair value of investment property for 2025.