Dubai Residential REIT Acquires $243M Jebel Ali Village Townhouses

DUBAI, UAE – Dubai Residential REIT, the GCC's largest real estate investment trust, has acquired 220 townhouses at Jebel Ali Village for $243 million (AED894 million), further expanding its investment portfolio and strengthening its presence in Dubai's premium residential market.

According to WAM, the acquisition was completed through a forward purchase agreement and represents the latest milestone in the REIT's long-term growth strategy.

The transaction follows the earlier acquisition of 56 units at Garden View Villas, bringing the total number of residential units added to the REIT's portfolio during the first half of 2026 to 276.

Commenting on the acquisition, Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said:

“The acquisition and addition of the 220 townhouses at Jebel Ali Village to our portfolio marks the next step in Dubai Residential REIT’s committed growth strategy, following the successful acquisition of 56 units in Garden View Villas earlier this year. Together, these additions reflect disciplined execution against the pipeline outlined at the time of listing and demonstrate our ability to integrate high-quality, income-generating residential assets into the portfolio in a measured and value-accretive manner.

This cluster adds a sizeable number of family-oriented townhouses in a strategically located community with strong long-term demand fundamentals. As we integrate these homes into the portfolio, our focus will remain on disciplined leasing, maintaining a high-quality resident experience and translating these assets into sustainable cash generation. We will continue to assess further opportunities with a clear emphasis on strategic fit, operational readiness and long-term value creation for unitholders.”

The newly acquired townhouses, together with the Garden View Villas portfolio, are projected to generate approximately $20.4 million (AED75 million) in additional revenue once fully stabilised, supporting the REIT's medium-term growth strategy.

Dubai Residential REIT also confirmed it continues to assess additional acquisition opportunities within the Dubai Holding residential pipeline. These include Lantana Hills in Dubai Science Park, additional units within Dubai Wharf, and a cluster of single-family homes at The Acres in Dubailand.

The REIT noted that any future acquisitions will remain subject to evaluation in accordance with its investment policy, portfolio strategy and long-term return objectives.