The Dubai Residential Real Estate Fund continues to demonstrate robust operational performance, maintaining its momentum due to high occupancy rates and a disciplined approach to asset management and leasing. Alongside this, there is sustained growth in rental rates across various residential categories.
In the first nine months of 2025, revenues increased by 10% year-on-year, reflecting the growth in rental prices, vibrant leasing activities, and effective leasing strategies across the fund’s residential complexes.
The average revenue per leased square meter rose by 7% annually, indicating healthy growth in rents within the portfolio.
As of September 30, 2025, the total asset value reached approximately 23 billion dirhams, underscoring the portfolio’s quality, size, and diversity, making it one of the largest dedicated residential asset management and leasing portfolios in Dubai.
The fund maintained an impressive average occupancy rate of 98% across all residential complexes (+2 percentage points year-on-year), demonstrating sustained demand for high-quality residential communities and effective asset management.
The tenant retention rate for the portfolio, reported quarterly, stood at 97% during the first, second, and third quarters of 2025. This success can be attributed to high tenant satisfaction levels and contract renewal rates.
The net financing to asset market value ratio remained stable at 4%, reflecting disciplined financial management and prudent financing strategies that bolster the fund’s financial position and balance sheet.
Ahmed Al Suwaidi, General Manager of DHAAM Real Estate Investment Management, remarked, “Our results during the first nine months of 2025 confirm the Dubai Residential Real Estate Fund’s position as a leading owner and operator of residential properties in Dubai, highlighting the robust demand, depth, and quality across our various assets.
With a recorded average occupancy rate of 98% and a tenant retention rate of 97% throughout the year, we are effectively implementing our operational strategies with high efficiency and effectiveness.
This performance is based on solid rental foundations in Dubai, driven by key factors including continuous population growth and long-term residency initiatives, along with the emirate’s established reputation as a world-leading destination for living and investing.
The Dubai Residential Real Estate Fund continues to focus on executing its long-term strategy for expansion and growth, focusing on high-quality residential assets that provide a steady income stream, while maintaining a balanced approach to financing and capital allocation.
The fund plans to add approximately 276 units to its portfolio by the first half of 2026 through committed projects, including the Jebel Ali Village and Garden View Villas, which are anticipated to collectively generate additional revenue between 70 and 80 million dirhams upon stabilization.
The fund adheres to a semi-annual dividend distribution policy, with payments made in April and September each year, in line with commitments announced during the initial public offering. In September 2025, the fund distributed interim cash dividends of 550 million dirhams for the first half of 2025.
The total dividends announced for the financial year ending December 31, 2025, will exceed 1.1 billion dirhams, equivalent to 80% of profits before fair value changes of investment properties for the 2025 fiscal year.
For the financial results of 2026 and beyond, the Dubai Residential Real Estate Fund intends to distribute no less than 80% of profits before fair value changes of investment properties for each accounting period, on a semi-annual basis, subject to board approval.