Money and business

"Dubai Holding" She intends to launch "Dubai Ret housing" In the Dubai Financial Market

Dubai, May 5/ WAM/ Dubai Holding announced today, through its fully owned subsidiary company, “DHAA” specialized in the management of real estate investment funds, its intention to launch “Dubai Rit housing” for public subscription in the Dubai Financial Market, in a move that represents a qualitative station in the march of the residential real estate sector in the region.
The new fund is the first real estate investment entity that focuses entirely on renting housing units in the Gulf Cooperation Council countries, and it is expected that it will become the largest of its kind at the list, with a value of assets of 21.63 billion dirhams.
The Fund intends to offer 1.625 billion units, representing 12.5% ​​of its total capital, with 90% of the offering to professional investors, and 10% for the first segment that includes individuals.
The subscription will start on May 13 and will continue until the 20th of the same month, with the final price of the unit to be announced on May 21, then the final allocation of the units and the excess amounts on May 26, with the box to trade in the Dubai Financial Market on May 28, 2025.
Two legitimate fatwas issued by the Fund’s Sharia Supervision Committee and the internal control committee of Emirates NBD confirm the approval of the offering and the fund with the principles of Islamic Sharia.
“Dubai Ret housing” intends to adopt a bi -annual profit distribution policy starting from September 2025, and aims to distribute at least 80% of his operating profits after excluding changes in the fair value of real estate, which reflects his commitment to providing a fixed income for investors.
Expectations indicate that the first two distributions will be valued at 1.1 billion dirhams.
The Fund’s portfolio covers 21 residential community distributed in strategic locations inside Dubai, and includes more than 35,700 housing units, of which 95% are apartments and 5% villas, with average occupancy exceeding 96.8% during the past year, and the rate of retaining tenants reached 87% ..
Dubai Holding CEO of Dubai Holding Group, on this occasion, said that the Dubai housing is “a portfolio of housing assets affiliated with Dubai Holding Company for Asset Management” that played a pivotal role in developing high -quality residential complexes that meet the variable needs of Dubai societies.
He added that the integration of the two residential portfolios for both ‘Nakheel’ and the “field” under the umbrella of Dubai Holding last year, represents a prominent strategic step in the “Dubai Housing” march, where this strengthened its position as one of the largest governor of the management and rental of residential assets, and provides the first public offering of Dubai housing an important opportunity for investors to participate in this growth march with the benefit of capabilities and additional opportunities within the system The best for Dubai Holding Work.
For his part, Malik Al -Malik, CEO of Dubai Holding Group for Asset Management, Chairman of the DHAM Real Estate Investment Funds Company, said that the Fund recorded in 2024 revenues of 1.8 billion dirhams, and the average operating profit reached 1.3 billion dirhams.
He emphasized in a virtual press interview today, that the real estate market in Dubai is witnessing positive transformations supported by population growth and government policies supporting investment, which provides the fund with a suitable environment to achieve sustainable growth.
Al -Malik explained that the fund has a clear expansion plan that includes organic growth through the development of existing societies, as well as other expansion strategies through acquisition of new assets.
On the intention of offering other assets, he pointed out that the evaluation of the future proposals of other companies affiliated with Dubai Holding continues, with his assertion that the decision to include depends on the readiness of each sector, without excluding any future option.
For his part, Ahmed Al -Suwaidi, General Manager of DHA, said the real estate investment funds management.

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