Dubai Investments Real Estate Trust (DI REIT), a Sharia-compliant real estate investment fund, has announced its financial results for the fiscal year ending December 31, 2025, showcasing robust financial and operational performance.
Adjusted earnings before financing costs, taxes, depreciation, and amortization surged by 15.2%, reaching AED 1.49 billion, with the margin improving to 76.4% from 72.3% the previous year.
The margin expansion is primarily attributed to increased rental income, which has had a direct positive impact on profits, backed by ongoing enhancements in operational efficiency across the portfolio.
Net profits before fair value adjustments for investment properties increased by 14.5%, totaling AED 1.28 billion, underscoring the strong growth of core earnings.
DI REIT recorded revenues of AED 1.95 billion in 2025, marking an annual growth of 9.0%, driven by notable improvements in asset utilization efficiency alongside rising rental rates. The average occupancy rate climbed by 1.7 percentage points, reaching 98.3%.
The average revenue per leased unit was AED 53,524, while the average revenue per rentable and leased square foot rose to AED 56.5.
With the residential unit count remaining stable at 35,700 units and total rentable area largely unchanged, this performance reflects continued demand for residential units in prime locations, coupled with a clear leasing strategy and effective renovation management across various assets.
Asset values increased in line with robust operational performance and positive market fundamentals. The total asset value rose by 8.8% to AED 23.54 billion.
Net asset value climbed 12.6% to AED 22.05 billion, with net asset value per unit increasing to AED 1.7 from AED 1.51. This growth indicates an improvement in the income profile and the strength of the core portfolio.
Nabil Mohamed Ramadan, Chairman of DI REIT, stated that 2025 represented a pivotal year for the fund, successfully completing its initial public offering and listing units on the Dubai Financial Market, establishing a transparent investment platform that is Sharia-compliant and focuses on income generation, allowing investors access to Dubai’s residential rental market and participation in the emirate’s growth story.
During 2025, we achieved record net profits of AED 1.28 billion, alongside notable cash generation strength, enabling the board to propose a dividend distribution of AED 550 million for the second half of the year, amounting to total distributions of AED 1.1 billion.
Ahmad Al Suweidi, General Manager of Dhaman Real Estate Fund Management, commented that DI REIT’s performance in 2025 reflects the resilience of our extensive residential portfolio managed to the highest professional standards, along with discipline in our operational model.
We maintained high occupancy rates and strong lease renewal levels while capitalizing on rental growth in a calculated manner, supported by proactive asset management and a focus on enhancing operational efficiency and improving cash collection.
Looking ahead, we are proceeding with a clear plan based on sustaining performance at the asset level, maintaining a conservative financial structure, and advancing a specific portfolio of future additions, including the Al Jebel Ali Village and Garden View Villas projects.