In a noteworthy display of financial resilience, Dubai Residential REIT has reported a remarkable net profit of AED 622 million for the first half of 2025. This impressive figure represents a 10% increase compared to the previous year, further underscoring the trust’s effective management and strong market presence. With occupancy rates soaring to 98%, the latest results affirm Dubai Residential REIT’s position as a leader in the competitive residential real estate sector.
The REIT posted impressive revenue figures amounting to AED 958 million, marking a 10% increase year-on-year. This growth is attributed to robust leasing activities and rising rental rates across its diverse residential portfolio. Furthermore, adjusted EBITDA climbed 11% to AED 718 million, translating to a robust margin of 75%.
Dubai Residential REIT’s Exceptional Growth in H1
The portfolio occupancy rate achieving 98% marks a remarkable two-percentage point increase from H1 2024. Within this portfolio, premium residential properties averaged 98% occupancy, community living assets registered 97%, and the affordable housing segment stood strong at 99% occupancy. Notably, corporate housing assets reached full occupancy, highlighting the REIT’s strong demand across all segments.
As of June 30, 2025, the gross asset value of Dubai Residential REIT reached AED 23 billion, reflecting a 7% increase from December 2024. The REIT maintained a conservative net loan-to-value ratio of just 3%, alongside a liquidity position of AED 2.9 billion, ensuring a solid financial foundation for future developments.
Nabil Mohammad Ramadhan, Chairman of the Board of Directors, expressed satisfaction with the results, stating: “Dubai Residential REIT’s strong first-half results mark a key milestone in our journey as a newly listed entity and reaffirm the strength of our long-term strategic vision, institutional governance, and value-driven approach. I am pleased to share that the Board has approved an interim cash dividend of AED 550 million for H1 2025 to be distributed in September 2025, reflecting our confidence in the REIT’s financial resilience and long-term value proposition.”
He further emphasized: “As one of Dubai’s largest residential landlords, the REIT provides unitholders with access to a resilient, professionally managed platform that reflects the city’s ongoing transformation and global appeal. Backed by a robust financial foundation and supportive macroeconomic fundamentals, the Board remains focused on ensuring disciplined stewardship, delivering stable income, and driving sustained long-term value for our unitholders—while contributing to Dubai’s broader urban and economic development agenda.”
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, commented on the strategic execution that led to the strong results, stating: “Dubai Residential REIT’s strong first-half performance reflects disciplined execution across every aspect of our operations—from asset management and leasing to tenant retention and service delivery. Achieving 98% portfolio occupancy and a 75% adjusted EBITDA margin demonstrates our commitment to operational excellence and prudent cost control.”
“Our success is driven by a deep understanding of tenant needs, rigorous property management, and an active focus on maintaining high-quality, well-located communities. As we continue to scale, we remain focused on optimizing rental performance, enhancing customer satisfaction, and driving consistent cash flow across all residential segments,” he added.
The REIT follows a semi-annual dividend distribution policy, with payments occurring in April and September. The Board has confirmed an interim cash dividend of AED 550 million for H1 2025, scheduled for distribution in September.
Looking ahead, the prospects for Dubai’s residential real estate market remain promising, buoyed by sustained population growth, increasing per capita income, and ongoing government reforms to attract skilled professionals and affluent residents.
With a diverse portfolio of approximately 15,200 residential units distributed across 28 communities, Dubai Residential REIT continues to provide investors with significant exposure to Dubai’s rapidly expanding residential market, reinforcing its status as a key player in the sector.