IPO: Investors flock to Dubai Residential REIT

OVERALL SUBSCRIBER DEMAND SOARS PAST DH56 BILLION

- BY MANOJ NAIR Business Editor

The Dubai Residential REIT'S IPO price has been set at Dh1.1 a unit, which means Dubai's first stock market float of 2025 will have an initial market capitalisation of Dh14.3 billion, and a gross dividend yield of 7.7 per cent for 2025.

Dubai Residential REIT will pay Dh1.1 billion as dividend for this year.

Robust demand

Overall subscriber demand soared past Dh56 billion, which means an overall oversubscription of over 26 times at the final offer price.