Dubai Residential REIT delivers $169mln profit in H1
Dubai Residential REIT is a key real estate investment trust being managed by DHAM Investments, a subsidiary of Dubai Holding. It focuses exclusively on income-generating residential leasing.
Revenue rose to AED958 million 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 AED718 million, driven by revenue growth and operational efficiencies, resulting in a stable margin of 75%, said a statement from DHAM Investments.
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, it stated.
Nabil Mohammad Ramadhan, Chairman of the Board of Directors for Dubai Residential REIT, said impressed with the results, the board has approved an interim cash dividend of AED550 million for H1 to be distributed in September 2025.
"This reflects our confidence in the REIT's financial resilience and long-term value proposition," he stated.
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said: "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."
The REIT will follow a semi-annual dividend distribution policy, with payments scheduled for April and September of each year, in line with the guidance provided at the time of the Initial Public Offering, he added.- TradeArabia News Service
Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
28 minutes ago
- Zawya
Egypt: Foodico's net profits drop 8.3% YoY in H1 2025
Arab Finance: Ismailia National Food Industries (Foodico) generated 8.36% year-on-year (YoY) lower net profits after tax at EGP 57.994 million in the first half (H1) of 2025, versus EGP 63.290 million, according to the financial results. Net sales increased to EGP 227.894 million in H1 2025 from EGP 170.704 million in H1 2024, while the earnings per share (EPS) dropped to EGP 3.99 from EGP 4.50. In the first three months of 2025, Foodico achieved net profits after tax valued at EGP 42.433 million, higher by 32.87% YoY than EGP 31.936 million. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Khaleej Times
28 minutes ago
- Khaleej Times
GFS Developments breaks ground on high-ROI Coventry Gardens II in DLRC with AB de Villiers
GFS Developments, the globally renowned real estate brand with offices across the USA, Canada, Germany, Turkey, and Saudi Arabia, held a momentous groundbreaking ceremony for Coventry Gardens II, its latest residential venture in DLRC, one of the most sought-after and rapidly appreciating areas in the city, as confirmed by the Dubai Land Department. The event was marked by a special appearance from legendary South African cricketer AB de Villiers, who joined company executives and dignitaries in commemorating this milestone project. The ceremony reinforced GFS's growing influence in the UAE's real estate sector, further underlining its position as a market leader with an expanding footprint in key areas such as JVC, DLRC, Warsan 4, and Dubai Islands. Speaking at the event, Michael Collings, general manager of GFS Developments, remarked: "Coventry Gardens II represents more than just a new development, it reflects our commitment to creating globally benchmarked communities right here in the heart of Dubai. With homes starting from just Dh470,000, and a flexible payment plan that includes a 1% monthly installment and a three-year post-handover option, we are enabling a new generation of buyers to access luxury living with financial ease." The presence of AB de Villiers, a global sporting icon celebrated for his exceptional performance and integrity, added gravitas to the occasion. In his remarks, de Villiers stated: "It's an honour to be part of this groundbreaking moment. Just as consistency and trust define a great career in sports, they also define a great brand. GFS embodies these values, and I'm proud to be associated with a company that is building more than homes, they're building futures." Coventry Gardens II is strategically located in DLRC, the fastest-growing residential and investment corridor in the UAE. This ambitious development promises premium amenities, sustainable design, and seamless connectivity, aligning with the visionary urban planning that is reshaping the landscape of the emirate. With a robust project pipeline and strategic expansions in Dubai and internationally, GFS Developments continues to drive innovation and accessibility in the property market, setting new standards of excellence in real estate.
Zawya
28 minutes ago
- Zawya
Stc group and Saudi Esports Federation partner to empower digital talent in the gaming industry
Riyadh, Saudi Arabia: stc group, the region's leading digital enabler, has announced a strategic partnership with the Saudi Esports Federation (SEF) to expand its Job Attachment Program (JAP) into the esports and gaming sector. This initiative aims to build local capabilities by offering real-world experience to stc group employees through temporary project-based assignments in one of the Kingdom's most dynamic digital industries. Through this collaboration, participants will gain hands-on exposure to industry-relevant projects, benefit from mentorship by seasoned esports professionals, and develop the technical and strategic skills required to support Saudi Arabia's emergence as a global digital powerhouse. 'We recognize the importance of preparing our future leaders to succeed in a digital-first world—especially as gaming becomes a core part of modern life,' said Ahmad M. S Alghamdi, Chief Human Resources Officer at stc group. 'This partnership with the Saudi Esports Federation reinforces our commitment to talent development and innovation in an industry that is transforming entertainment and redefining digital engagement.' The Saudi Esports Federation, a leading force in shaping the Kingdom's esports ecosystem, will provide JAP participants with the opportunity to work on initiatives aligned with its mission to develop local talent, support grassroots to professional esports development, and catalyze the entire gaming value chain. 'Esports is a strategic pillar of Vision 2030, creating new pathways for Saudi youth and establishing the Kingdom as a global leader in technology and innovation,' said Turki AlFawzan, CEO of the Saudi Esports Federation. 'Our collaboration with stc group reflects our shared vision of equipping Saudi talent with the capabilities to thrive and lead in this high-growth sector.' Since its inception, stc group's JAP has collaborated with over 25 leading organizations, providing hundreds of employees with transformative experiences across multiple industries. By integrating esports into the program, stc group continues to play a pivotal role in building a digitally empowered workforce that drives both national and global progress. Together, stc group and the Saudi Esports Federation are laying the foundation for a new generation of Saudi talent one that will lead the Kingdom's esports revolution and contribute to a diversified, knowledge-based economy under Vision 2030. About stc group: stc group is a digital enabler, offering advanced solutions and driving a role in the digitalization process. The group provides a comprehensive suite of services encompassing digital infrastructure, cloud computing, cybersecurity, Internet of Things (IoT), digital payments, digital media, and digital entertainment. The group comprises 13 subsidiaries across The Kingdom of Saudi Arabia, the Middle East, North Africa, and Europe. To know more about stc group: Click here About Saudi Esports Federation: The Saudi Esports Federation is the regulating body in charge of nurturing elite gaming athletes and developing the gaming community and industry in Saudi Arabia. The Federation's activities are categorized into two complementary streams. The first stream works to develop all levels of competitive gamers, starting with the grassroots community level and moving up to professional esports athletes that can achieve global excellence. The second stream works to develop the entire gaming/esports value chain by catalyzing the industry and enabling talent. Since its establishment in late 2017, the federation has organized multiple world-class national and international tournaments and events, attracted investment from local private sector actors and worked with international developers on opportunities in the Saudi market.
