Dubai Residential REIT profits up by 15% to Dh716.5 million for the first half of 2026.

Profits increased by 8.1% to over Dh1 billion amid 98.6% occupancy as the board declared a dividend of Dh573.2 million.

Dubai Residential REIT posted a growth of 15.1% in its net income before fair value adjustments to Dh716.5 million during the first half of 2026 on the back of increased rents and near-complete occupancy.

Revenue went up by 8.1% to Dh1.04 billion, compared to Dh957.8 million recorded in the comparable period last year. The adjusted earnings before interest, tax, depreciation, and amortization grew by 14.6% to Dh822.6 million. The EBITDA margin widened to 79.4%, compared to 74.9% recorded last year.

“The largest real estate investment trust of the GCC witnessed an average portfolio occupancy of 98.6%, up from 98.1%. It also recorded an average tenant retention rate of 94.1%. Revenue per leased unit witnessed a growth of 7.7% to Dh56,638, and revenue per leased square foot grew by 7.5% to Dh59.7,” said the official.

Dh573.2 million dividend was declared.

The REIT has declared a cash dividend for the interim period of Dh573.2 million, which is equal to 4.4 fils per unit.

This is 80% of its half-year net profit, excluding the fair value adjustment of investment properties.

This represents an annual dividend yield of around 8% based on the issue price and 7.1% based on the closing price as at 30 June 2026.

The free cash flow conversion ratio improved to 94.8% from 92.6% last year.

According to Ahmed Al Suwaidi, who is the Managing Director of DHAM REIT Management, “the performance has highlighted the quality of the portfolio and the strength of demand for our residential communities.”

“We have achieved double-digit net profit growth, near full occupancy, and have grown our rental income in one of the largest and most diversified portfolios of residential leasing in Dubai.”

Al Suwaidi added that the REIT would still maintain its active asset management strategy and identify more opportunities from the pipeline of Dubai Holding and Dubai Holding Asset Management.

Asset value stands at Dh25.2 billion.

The gross value of assets grew by 6.9% to Dh25.2 billion as of June 30, compared to Dh23.5 billion as of December 31, 2025.

This increase was due to the addition of 56 Garden View Villas and 220 houses acquired in Jebel Ali Village. Excluding acquisitions, on a like-for-like basis, the gross asset value increased by roughly 1.4%.

The net asset value increased to Dh22.6 billion, while net asset value per unit increased to Dh1.74 from Dh1.70 as of the end of 2025.

The total number of units increased to 35,976 units from 35,701 units in the previous year. Finance-to-value stayed low at 6.8%.

Dubai Residential REIT comprises 22 integrated communities, which consist of more than 35,900 homes for over 146,000 people across various housing types.

The REIT has even submitted proposals to buy three medium-term residential projects that consist of 448 top-tier residential units and 107 community homes.

The pipeline consists of 107 houses in Dubai Wharf, 390 townhouses in Lantana Hills, Dubai Science Park, and 58 villas in The Acres.