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Dubai Holding offers Reit IPO on DFM
Khaleej Times
|May 06, 2025
Dubai Holding on Monday announced that it would launch an initial public offering (IPO) of its Dubai Residential Reit on the Dubai Financial Market.
The investment conglomerate plans to offer 1.625 billion shares in Dubai Residential Reit, which is expected to start trading on the Dubai Financial Market (DFM) on or around May 28.
The Reit is a Shariah-compliant income-generating closed-ended real estate investment fund under establishment and one of the largest owners and operators of residential real estate in Dubai.
The IPO will be in the form of its subsidiary DHAM Reit Management LLC. DHAM Investments — a subsidiary of Dubai Holding — is currently the sole unitholder of Dubai Residential Reit.
The offering subscription period is expected to run from May 13 to 20. Admission of units to trading on the DFM is anticipated on or around May 28.
Dubai Residential Reit intends to adopt a semi-annual dividend distribution policy, making payments in April and September of each year, starting from next September.
This story is from the May 06, 2025 edition of Khaleej Times.
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