Dubai Residential REIT Posts Record $349m Net Profit in 2025

Dubai, UAE: Dubai Residential REIT has reported a record financial performance for the year ended 31 December 2025, underscoring the strength and resilience of Dubai’s residential market as the emirate continues to attract population inflows, long-term residents and sustained investor interest.

The REIT recorded a net profit before changes in the fair value of investment property of $348.54 million (AED 1.28 billion) in 2025, representing a 14.5 percent increase year on year. The performance was supported by strong rental growth, near-full occupancy and operating leverage across its diversified residential portfolio.

Revenue for the year rose to $530.8 million (AED 1.95 billion), up 9.0 percent compared to 2024, reflecting continued demand for well-located residential assets and disciplined leasing execution. Adjusted EBITDA increased by 15.2 percent to $405.7 million (AED 1.49 billion), while the adjusted EBITDA margin strengthened to 76.4 percent from 72.3 percent a year earlier, highlighting improved operational efficiency and scale benefits.

Asset value growth reflected stronger operating performance and resilient residential market conditions in Dubai, supported by population growth, investor demand and regulatory initiatives including the Dubai Land Department’s Smart Rental Index. Gross asset value increased by 8.8 percent to $6.41 billion (AED 23.54 billion), while net asset value rose by 12.6 percent to $6.01 billion (AED 22.05 billion).

Operational metrics remained robust throughout the year. Average occupancy across the portfolio increased by 1.7 percentage points to 98.3 percent, underlining sustained demand across Dubai’s residential sector. Average revenue per leased unit reached $14,573 (AED 53,524), while average revenue per leased gross leasable area rose to $15.38 (AED 56.5) per square foot.

With the number of residential units steady at 35,700 and gross leasable area broadly unchanged, the performance reflects effective renewal management, disciplined pricing strategies and continued tenant preference for quality residential assets in established locations.

Commenting on the results, Nabil Mohammad Ramadhan, Chairman of the Board of Directors for Dubai Residential REIT, said:

2025 marked a defining milestone for Dubai Residential REIT, with the successful completion of our initial public offering and listing on the Dubai Financial Market. This established a transparent, Shariah-compliant, income-focused platform, enabling investors to access Dubai’s residential leasing sector and participate in the city’s long-term growth story. During the year, we delivered a record profit of AED 1.28 billion and strong cash generation, allowing the Board to propose a dividend of AED 550 million for the second half of the year and total dividends of AED 1.10 billion for 2025.

The Board of Directors has proposed a dividend of $149.8 million (AED 550 million), equivalent to 4.2 fils per unit, for the second half of 2025. Subject to unitholders’ approval at the Annual General Meeting scheduled for 9 March 2026, the dividend is expected to be paid in April 2026.

Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, added:

Dubai Residential REIT’s 2025 performance reflects the strength of our scaled, professionally managed residential portfolio and the discipline of our operating model. We sustained high occupancy and strong renewals while capturing rental upside in a measured way, supported by proactive asset management and a continued focus on efficiency and cash collections.

According to WAM, the results highlight Dubai Residential REIT’s ability to deliver consistent earnings growth and value creation amid favourable residential market fundamentals, reinforcing investor confidence in the emirate’s regulated and increasingly data-driven rental environment.