The REIT reported higher first-half earnings on the back of rising rental income, strong occupancy and tenant retention, while approving an interim cash dividend of AED 573.2 million.
August 06, 2026 | Tripti Mehta | UAE | Real Estate | 2 Min Read
DHAM REIT Management
Dubai Residential REIT has reported a 15.1% year-on-year increase in net profit before fair value changes to AED 716.5 million for the first half of 2026, supported by higher rental rates, strong portfolio occupancy and disciplined cost management.
For the six months ended 30 June 2026, the REIT recorded revenue of AED 1.04 billion, up 8.1% from the same period last year, while adjusted EBITDA increased 14.6% to AED 822.6 million. The results reflect continued growth in recurring rental income across its residential leasing portfolio.
Operational performance also remained strong during the period. Average portfolio occupancy increased to 98.6%, compared with 98.1% a year earlier, while tenant retention improved to 94.1%. Average revenue per leased residential unit rose 7.7% year-on-year to AED 56,638, while average revenue per leased gross leasable area increased 7.5% to AED 59.7 per sqft, supported by higher realised rental rates and sustained demand for professionally managed residential communities across Dubai.
The REIT’s portfolio expanded to 35,976 residential units, following the addition of 56 Garden View Villas and the acquisition of 220 units in Jebel Ali Village. As a result, Gross Asset Value (GAV) increased 6.9% to AED 25.2 billion, while Net Asset Value (NAV) rose to AED 22.6 billion, equivalent to AED 1.74 per unit.
The Board of Dubai Residential REIT also approved an interim cash dividend of AED 573.2 million, equivalent to 4.4 fils per unit, representing 80% of first-half net profit before changes in the fair value of investment property.
Looking ahead, the REIT said it remains focused on sustaining high occupancy, strengthening tenant retention and expanding its portfolio through disciplined growth. During the reporting period, it submitted Expressions of Interest for the acquisition of three medium-term residential projects comprising 555 units, including 448 premium and 107 community homes.
In its market outlook, Dubai Residential REIT said Dubai’s residential sector has remained resilient despite recent regional developments, with occupancy levels, leasing activity and underlying demand continuing to reflect the emirate’s strong economic and demographic fundamentals. The REIT added that it remains well positioned to continue executing its growth strategy through disciplined portfolio expansion.
Source: Dubai Residential REIT Official Announcement
