Dubai Residential REIT is off to strong start on Day 1 at DFM

New REIT is Dubai's first IPO of 2025 and had solid investor backing

Last updated: May 28, 2025 | 10:36

Manoj Nair, Business Editor

1 MIN READ

The Palm Jumeirah is among the 20 plus communities that Dubai Residential REIT has in its portfolio.

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Dubai: The first stock market listing on DFM for 2025 - that of Dubai Residential REIT - is off to a rousing start, clearing the 10% gain mark in the first 30 minutes.

The listing comes to market after the IPO was oversubscribed 26 times. Dubai Residential REIT brings together a portfolio of homes at more than 20 communities/clusters in Dubai, together generating solid yields for investors.

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REITS - or real estate investment funds - allow investors to place their funds into the portfolio and wait for incremental growth through value gains or when those assets are sold off.

The Dubai Residential REIT was priced at Dh1.1 per unit, and is now trading at Dh1.26 at the 10:40am mark, which means a gain of 14.54%.

It was recently that DFM general index hit its highest point since 2014.

According to market analysts, Dubai Residential REIT will be highly influential in gaining further visibility for the local property market and its prospects with a new investor base.

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.