Dubai Residential REIT has completed the acquisition of 220 townhouses at Jebel Ali Village for AED893 million (US$243 million), strengthening its portfolio of income-generating residential assets and advancing its post-listing growth strategy.
July 01, 2026 | Riya Malhotra | UAE | Real Estate
Dubai Residential REIT has completed the acquisition of 220 tow56 villas at Garden View Villas in March 2026, nhouses at Jebel Ali Village for AED893 million (US$243 million), expanding its portfolio of residential assets as it continues executing its long-term growth strategy following its public listing.
The acquisition adds a newly developed townhouse community to the REIT's portfolio, further increasing its exposure to Dubai's family-oriented residential segment. The transaction forms part of the REIT's pipeline of value-accretive acquisitions and reinforces its focus on high-quality, income-generating assets across the emirate.
The Jebel Ali Village townhouses were acquired from Dubai Holding Asset Management and are expected to contribute to the REIT's recurring rental income once fully stabilised. The community comprises modern family homes within one of Dubai's established residential neighbourhoods, which has undergone extensive redevelopment in recent years.
The acquisition follows the REIT's earlier addition of as the trust continues expanding its portfolio through assets sourced under its Right of First Offer (ROFO) arrangement with Dubai Holding and Dubai Holding Asset Management. Together, the Garden View Villas and Jebel Ali Village assets are projected to generate between AED70 million and AED80 million in incremental annual revenue once stabilised.
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said the acquisition reflects the REIT's disciplined investment strategy centred on acquiring high-quality residential communities that support long-term income growth while enhancing value for unitholders.
The acquisition comes as Dubai's residential rental market continues to demonstrate strong fundamentals, supported by sustained population growth, high occupancy levels and increasing demand for family housing. For listed residential REITs, expanding portfolios through stabilised or near-stabilised communities remains a key strategy for increasing distributable income while maintaining predictable cash flows.
Jebel Ali Village has emerged as one of Dubai's growing residential communities following its large-scale redevelopment, benefiting from its proximity to major employment hubs including Jebel Ali Free Zone, Dubai South and Expo City Dubai. The community forms part of the broader southern Dubai growth corridor, where infrastructure investment and population expansion continue to support residential demand.
Source: Zawya, Gulf Daily News
