Driven by higher rental income, increased occupancy, and strict cost control, Dubai Residential REIT reported net profit before changes in the fair value of investment property of Dhs716.5 million for the first half of 2026, up 15.1% from Dhs622.3 million in the same period last year.
Adjusted EBITDA climbed 14.6% to Dhs822.6 million, while revenue increased 8.1% year over year to Dhs1.0357 billion from Dhs957.8 million in the first half of 2025. The adjusted EBITDA margin increased from 74.9% to 79.4% in the previous year.
The REIT declared that, prior to adjustments in the fair value of investment property, its board had recommended an interim cash dividend of Dhs573.2 million, or 4.4 fils per unit, which would account for 80% of H1 2026 net profit.
Based on the IPO price and the closing price as of June 30, 2026, this suggests an annualized dividend yield of roughly 8.0% and 7.1%, respectively.
The tenant retention rate increased to 94.1% from 93.8% during the same time previous year, and the average occupancy reached 98.6%, up 0.5 percentage points year over year, demonstrating the property portfolio’s sustained good operational performance.
The development of 56 Garden View Villas and the purchase of 220 units in Jebel Ali Village were the main drivers of the Gross Asset Value (GAV), which rose to Dhs25.2 billion at the end of June 2026, up 6.9% from the end of 2025. By the end of December 2025, Net Asset Value (NAV) was Dhs22.6 billion, and NAV per unit was Dhs1.74 instead of Dhs1.70.
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