Latest news with #DhamReitManagement
Khaleej Times
21-05-2025
- Business
- Khaleej Times
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.
The National
05-05-2025
- Business
- The National
Dubai Holding to list its residential Reit on DFM
Dubai Holding, a diversified global investment company, is listing its Dubai Residential Reit, a sharia compliant income generating real estate investment trust on the Dubai bourse, amid a continued boom in the emirate's property market. Dham Reit Management, a wholly owned subsidiary of Dubai Holding, is offering 1.625 billion units to investors in an initial public offering on the Dubai Financial Market, the company said in a statement on Monday. The IPO subscription period is set to run from May 13 to May 20, with the Reit expected to begin trading on the bourse around May 28. 'The decision to launch the IPO of Dubai Residential Reit marks a natural evolution in our story, offering investors a unique opportunity to participate in the GCC's largest and first pure-play listed residential leasing-focused Reit,' Malek Al Malek, group chief executive of Dubai Holding Asset Management and chairman of the investment committee of Dham Reit Management, said. 'With a diversified portfolio valued at over Dh21 billion, this milestone enables us to expand our impact, deliver sustainable unit holder returns, and continue shaping the future of urban living in Dubai.'
