Dubai Residential real estate investment trust (REIT) managed by DHAM REIT Management, announced its financial results for the first half of the year ending on 30 June 2025.
In its inaugural reporting period since listing on the Dubai Financial Market, the REIT delivered a strong financial and operational performance, reflecting robust rental income, exceptional occupancy levels, and a disciplined capital structure.
Revenue rose to AED 958m in H1 2025, up 10% compared to the first half of 2024, driven by sustained leasing momentum and rental rate increases across the residential portfolio. Adjusted EBITDA increased by 11% to AED 718m, driven by revenue growth and operational efficiencies, resulting in a stable margin of 75%.
Overall, portfolio-wide occupancy averaged 98%, while average revenue per leased gross leasable area (GLA) grew by 6%. Premium residential properties achieved a strong average occupancy of 98%, reflecting sustained demand for high-quality living in Dubai’s most sought-after locations.
Community living assets followed closely with 97% occupancy, supported by growing interest in well-integrated, family-oriented environments. Affordable segment properties recorded a robust 99% occupancy, driven by continued population growth and demand for accessible housing. Corporate Housing assets achieved 100% occupancy, underscoring successful lease-up activity in key staff housing locations.
Net profit before changes in the fair value of investment property was AED 622m, up 10% compared to the first half of 2024. Gross asset value (GAV) stood at AED 23bn, reflecting a 7% increase since December 2024.
“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.”
Nabil Mohammad Ramadhan, Chairman of the Board of Directors, Dubai Residential REIT
Net profit before changes in the fair value of investment property was AED 622m, up 10% compared to the first half of 2024. Gross asset value (GAV) stood at AED 23bn, reflecting a 7% increase since December 2024.
“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 optimising rental performance, enhancing customer satisfaction, and driving consistent cash flow across all residential segments.”
Ahmed Al Suwaidi, Managing Director, DHAM REIT Management
