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DHAM REIT Management LLC announced its intention to launch an initial public offering for Dubai Residential REIT, 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, to list its units for trading on the Dubai Financial Market (DFM).
The REIT is expected to be the GCC’s first listed REIT focused exclusively on residential leasing, and the region’s largest REIT, with a gross asset value (GAV) of AED 21.63 billion.
Abu Dhabi Islamic Bank PJSC acting as Receiving Bank present to you the opportunity to subscribe to the Dubai Residential REIT IPO on the DFM.
Subscriptions will open: 13 May 2025
* As at or for the year ended 31 December 2024 (unless otherwise stated)
** Subject to Board approval. The expected dividend in respect of the year ending 31 December 2025 should not be viewed as a guide to the amount of any dividends that may be paid in respect of subsequent periods
*** Or, if higher, an amount equal to 80% of profit for the period before changes in fair value of investment property
UAE Retail Subscription Commencement
UAE End of Subscription Period
Announcement of Final Offer Price
Allocation and Refunds
Expected Listing on DFM
For more information about the Dubai Residential REIT IPO, the subscription criteria and process
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