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Nasdaq Dubai-listed Emirates REIT confirms first dividend since 2019

Emirates REIT had gone through a portfolio restructure and saw gains in 2024

Last updated: June 12, 2025 | 11:58

Manoj Nair, Business Editor

1 MIN READ

Emirates REIT went through a major restructuring of its portfolio, which helped with the 2024 performance.

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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.)

Also Read: DFM: Dubai Residential REIT holds the line after Top 5 show on Day 1

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.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.