Dubai Residential REIT to issue Dh550m as H1-2025 dividend

Dubai: The Dubai Residential REIT will be paying an interim dividend of Dh550 million (at 4.2 fils/unit) for the first-half of 2025.

The latest date for entitlement is August 12 and the ex-dividend date is August 13.

Dubai Residential REIT, which was the first Dubai IPO and DFM listing of this year, recorded net profits of Dh622 million for the period, higher by 10% from the year before. The real estate investment fund carries a portfolio of some of the most in-demand residential locations in Dubai, including the Palm Jumeirah.

At the time of the IPO, the REIT had nearly 36,000 homes in the portfolio. The occupancy rate was at 98% at the end of June.

"As one of Dubai’s largest residential landlords, the REIT provides unit-holders with access to a resilient, professionally managed platform that reflects the city’s ongoing transformation and global appeal," said Nabil Mohammad Ramadhan, Chairman of Dubai Residential REIT.

On DFM, the REIT unit is trading at Dh1.28, after gaining 3.2% in the last month.

The net profit of Dh622 million is before changes in the fair value of investment property. The gross asset value (GAV) totaled Dh23 billion, which is a a 7% increase since December 2024.

Then there is the occupancy level - "Achieving 98% portfolio occupancy and a 75% adjusted EBITDA margin demonstrates our commitment to operational excellence and prudent cost control," said Ahmed Al Suwaidi, Managing Director of DHAM REIT Management.