Dubai Residential REIT's IPO oversubscribed 26 times
Dham Reit Management, a subsidiary of Dubai Holding, on Wednesday announced the final price of its Dubai Residential REIT IPO at Dh1.1 per unit, becoming the largest listed REIT in the Gulf Cooperation Council (GCC) region.
The final offer price was set at the top end of the price range, enabling the company to raise Dh2.145 billion through the initial public offering (IPO).
This implied a market capitalisation of Dh14.3 billion and a gross dividend yield of 7.7 per cent for 2025.
The offering attracted strong demand across both institutional and UAE retail tranches, prompting the Fund Manager to increase the size of the Offering from 12.5 per cent to 15.0 per cent. The total gross demand reached over Dh56 billion, resulting in an overall oversubscription of over 26 times at the final offer price.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
2 hours ago
- Gulf Business
Insights: Gulf ports face new security challenges as trade ambitions accelerate
Image: Supplied Ports have evolved beyond their role as trade gateways. Today, they stand as critical pillars of national resilience and economic continuity. In the modern-world, where over 80 per cent of global trade moves by sea and the Gulf plays a central role in global energy and logistics, port security should not be viewed as a cost or a compliance exercise. It must be treated as a vital economic enabler. Without strong and modern security, the Gulf's ambitions to lead in manufacturing, trade, and supply chain integration will remain a challenge. At the recent 'Make it in the Emirates' forum, the UAE laid out a bold industrial vision. Officials highlighted that local manufacturers can now access a global market of 2.5 billion people. Free zones, re-export hubs, and logistics corridors powered by ports including The threat landscape is escalating Port security has moved far beyond fences and surveillance cameras. Today, it involves tackling everything from phishing attempts and cyber intrusions to insider threats and the growing risk posed by smuggling, irregular migration, modern-day slavery and autonomous drones. According to the Center for Internet Security, malware-based attacks rose by 30 per cent in the first half of 2024, with a staggering 92 per cent increase recorded in May alone. These figures are not abstract. They represent very real risks that port operators face daily while trying to maintain efficient operations. Rising geopolitical tensions, from unrest in the Red Sea to broader regional flashpoints, are putting new pressure on Gulf ports. Ensuring their resilience is no longer just about protecting trade. It is now central to national security and regional stability. Compliance is the starting line, not the finish Most Gulf ports meet the basic international security standards under the ISPS Code. But that is not enough. Compliance provides a framework, not a solution. Too often, operators treat it as a checklist rather than a foundation. True resilience requires a different mindset. Port security should not be seen as an obstacle to trade but as a core pillar of competitiveness.. Jebel Ali Port is a leading example. Its global reputation was not earned by simply meeting minimum standards. Its success is the result of ongoing risk assessments, continuous training, and a proactive approach to every aspect of security – particularly in its adoption of technology and its integration into its production primacy approach. This is a model that other ports in the region can learn from and adapt. Integration is the future of security Modern ports function as complex ecosystems. They bring together free zones, logistics providers, customs authorities, and digital infrastructure into a single operational environment. Within this space, security must be fully integrated. Physical access control, cybersecurity protocols, intelligent surveillance, and emergency response planning all need to work together as one. Technology plays a critical role. From biometric access systems to artificial intelligence for threat detection, there are advanced tools that can help enhance security. However, these tools are only effective when guided by skilled professionals with the right training. As Bill Gates once noted, automation applied to an inefficient operation only magnifies the inefficiency. Without strong processes and capable people, even the best technology will fall short. The Gulf's advantage must be used wisely The Gulf has already demonstrated that it can deliver world-class infrastructure. The next frontier is building secure infrastructure that can adapt and evolve with emerging risks. This will require moving beyond paper-based plans and embracing real-world testing. Scenario-based exercises and crisis simulations should become standard practice. Security cannot be a one-time investment. It must be embedded into the daily culture of port operations. Governments and private sector operators must also collaborate more closely. Intelligence sharing, regional coordination, and the development of Gulf-specific security standards can raise the overall r At the heart of this transformation is human capital. The region must invest in developing a new generation of trained and trusted security professionals who understand both physical and digital threats. Security is an investment in growth A single breach at a Gulf port would do more than delay containers. It could disrupt entire supply chains, shake investor confidence, and damage the region's reputation as a dependable trade partner. In a global economy driven by trust, security is no longer optional. It is a non-negotiable investment in sustainable growth. One of the Gulf's strengths lies in its ability to build with foresight. Unlike older ports that are burdened with legacy systems, Gulf ports can design modern security architecture from day one. The UAE, Saudi Arabia, and Oman have already begun this journey by introducing smart surveillance systems, AI-driven monitoring, and integrated command centers. These are promising steps, but more must be done. A final question for the region Port security should not be treated as a side function or a technical afterthought. It is central to growth, to national strength, and to the region's future as a global trade and industrial hub. The Gulf can lead not just in port development but in redefining what secure, resilient trade infrastructure looks like for the rest of the world. As the region accelerates toward a more industrial and interconnected future, one question must be asked. Are we just expanding our ports, or are we securing our prosperity? The answer will determine how far and how smart, secure, and geen the Gulf travels on the path to economic leadership. The writer is the CEO at Neptune P2P Group.
Gulf Today
5 hours ago
- Gulf Today
UAE-Pakistan trade set to exceed $7b in 2025
The bilateral trade relations between the UAE and Pakistan are set to cross $7 billion by 2025. The UAE is a major trading partner for Pakistan, and the two countries are also working on agreements to enhance cooperation in various sectors like trade, investment, and cultural exchange. Kiran Khawaja, CEO of Dubai-based Fajar Realty, whowas recently honored as a 'Guest of Honour' in recognition of her efforts in the real estate industry at Gulf Achievers Awards stated, "I am really happy, and it is a great privilege to be recognised as 'Guest of Honour' at the award show. I am proud of the impact I have been able to make in the Emirates, and Dubai in particular, which is the major hub for international trade and investment with a booming real estate market.' Further stating Kiran revealed, 'The bilateral trade between Pakistan and the UAE exceeded $10.9 billion in the fiscal year 2023–24, including both goods and services." "While interacting with the media he also disclosed that remittances from the Pakistani community in the UAE reached $6.7 billion in 2024, and are expected to surpass $7 billion in 2025. These figures reflect not only the strength of our economic partnership, but also the vital role played by the Pakistani diaspora in supporting the national economy,' the ambassador stated.' Kiran has always been in the limelight and has won many awards and recognition in her illustrious 18-year journey. It may be recalled that Kiran has won many accolades and awards for her hard work and zeal. She walked away with 'Asia Business Outlook Top 10 Most Promising Global Leaders From Pakistan 2023' and the much-coveted 'Being She Excellence Best Real Estate Broker 2023'. Further adding to her accolades are an array of awards, with FajarRealty securing honours such as the 'DAMAC Top Performing Agency', the 'Azizi Agents Award Gala 2023', and the 'Emaar Token of Appreciation Award'. Additionally, they were given the Menaa Leadership Award for 2023 and many more. Under the leadership of Kiran, Fajar Realty has traversed a long way and has carved a niche in the world of real estate not only in Dubai but overseas as well. Recognising the immense innovation and continued growth plans for real estate in Dubai and the greater Middle East, Kiran has become immersed in Dubai's booming real estate industry for over two decades now, one of the city's most important business sectors, and hopes to bring more international investors to this city.
Gulf Today
5 hours ago
- Gulf Today
Dubai-based Indian karting prodigy Atiqa joins professional motorsport programme
Atiqa Mir, a 10-year-old Dubai-based Indian karting prodigy has become the youngest driver from the region to secure a place in a professional motorsport development programme, following her signing as an official AKCEL GP Academy driver. This landmark move signals a powerful shift in motorsport accessibility and diversity, reinforcing the UAE's commitment to nurturing next-generation talent and establishing itself as a global hub for motorsport excellence. A rising star in the karting circuit, Atiqa has already made a name for herself with her fearless driving, consistent podium finishes, and an unwavering passion for racing. She has competed in some of the world's most prestigious karting championships, including the Rotax Euro Trophy, Rotax International Trophy, IAME Series (UAE and Europe), WSK Euro Series, WSK Super Master Series, and the Champions of the Future Academy. The timing of this partnership aligns with the official launch of the AKCEL GP Academy—the cornerstone development initiative of AKCEL GP, the UAE-based high-performance motorsport team competing in FIA F4, Formula Regional Middle East Championship, and FIA F3. Opening in Abu Dhabi in August 2025, the Academy will serve as a cutting-edge training ground for the next generation of racing talent from the UAE and abroad. The Academy's inaugural batch will feature 15 promising young drivers and is committed to offering a structured and competitive pathway beginning with elite karting championships and advancing through the ranks of single-seater racing. Speaking on Atiqa's signing, Amit Kaushal, Group Chairman of AKCEL Group, said, 'Atiqa's talent, focus, and composure on track are well beyond her years. We're proud to welcome her to the AKCEL GP family and support her long-term journey toward Formula 1. Over the next 15 years, we're committed to guiding her development from karting to single-seaters as she grows into a world-class racer and future F1 contender.' As Atiqa begins her training in Abu Dhabi, she will follow a carefully structured development program designed to prepare young drivers for the demands of professional motorsport. Her training will combine simulator sessions, physical conditioning, mental coaching, race craft development, and in-depth performance analysis. A key focus of her time with AKCEL GP Academy will be competing in championships across the UAE and Europe, providing her with essential on-track experience and exposure to high-level competition early in her career. The goal is to lay a strong foundation of skills, discipline, and racecraft with a clear vision: Formula 1 as the ultimate destination. Reflecting on this new chapter in her journey, Atiqa said, 'Racing is everything to me. It's where I feel strong, fast, and free. Joining AKCEL GP Academy is a dream come true, and I want to show young girls like me from Dubai and India that we can compete at the highest levels. One day, I hope to race in Formula 1, and I'm ready to work hard to get there.' The UAE's support for motorsport development has grown rapidly over the past decade. The nation is home to internationally acclaimed circuits such as Yas Marina in Abu Dhabi and Dubai Autodrome and hosts one of the most prestigious events on the racing calendar, the Formula 1 Abu Dhabi Grand Prix.
