REIT to Increase IPO Offering

Dubai Residential REIT, the first IPO slated for the Dubai Financial Market (DFM) in 2025, has increased its offering size. The REIT now plans to issue 1.95 billion units, up from the initial 1.625 billion, with the increase targeted at institutional investors. This adjustment raises the offering to 15% of the REIT's total issued unit capital, a rise from the original 12.5%.

The offer price per unit remains between Dh1.07 and Dh1.10. This revised size is expected to generate between Dh2.08 billion ($568 million) and Dh2.14 billion ($584 million). The subscription period for the IPO is scheduled to close on May 20th.

Market sources indicate strong investor interest in Dubai Residential REIT's offering, exceeding initial expectations. Analysts attribute this interest to the REIT's focus on in-demand residential properties and its development of new communities for the rental market.

This strategic expansion reflects the consistent growth and investor confidence in Dubai Residential REIT, driven by its focus on high-demand residential options and expansion into the rental market.