Determine the pricing range of “Dubai Rit housing”

“Dubai Holding”, through its fully owned subsidiary company, “DHAM” for the management of real estate investment funds, announced the price range of subtraction for each unit, and the start of the subscription period in the first public offering of “Dubai Rit housing”, which is a closed real estate investment fund under income and income, and is compatible with the provisions of Islamic Sharia, and is considered one of the largest owners and owners of residential real estate in Dubai In the Dubai Financial Market.

A statement, issued yesterday, stated that the price range for the offering was set between 1.07 and 1.10 dirhams per unit offered, and the offering will include 1.625 billion units, represented by 12.5% ​​of the issued capital for the Dubai Rit housing units, which are offered by “DHAM Investments”, which is a subsidiary of “Dubai Holding”, and currently the only owner of the Dubai Rit housing units.

It is expected that the total size of the proposal will range between 1.739 billion dirhams and 1.788 billion dirhams, which means that the market value when listing ranges between 13.9 billion dirhams and 14.3 billion dirhams.

The offering of Dubai Rit housing consists of two SIM cards: The first is the launch of individuals in the Emirates, so that 10% of the offering units are allocated, and they represent 162.5 million units, and they target individual investors and eligible entities, who hold a national investor number in the Dubai Financial Market, and the second is the offering of companies, and 90% of the offering units will be allocated, and it represents about 1.462 units, and the qualified companies (professional investors) target outside United States.

Each subscriber from subscribers, whose subscription applications have been successfully accepted in the first tranche, will receive a minimum guarantee of allocation equal to 2000 units.

Investors in both seashes can subscribe to the offering, starting from yesterday until May 20, 2025, and the final offering price will be determined through the process of establishing a command record that is conducted according to the instructions of the joint global coordinators, the director of the fund and the owner of the seller units, and is expected to be announced on May 21, 2025.

The units are expected to be released and their circulation in the Dubai Financial Market will start on May 28, 2025, or nearly, and it is expected that the Dubairesi units will be circulated under the symbol.