Dubai Holding has garnered $15 billion in orders for its $584 million initial public offering (IPO) of the Dubai Residential Real Estate Investment Trust (REIT). This strong demand marks a significant indication of investor interest in Dubai’s thriving property market. The investment firm, owned by Dubai’s ruler, increased the size of its offering earlier this...
Dubai’s first initial public offering (IPO) of 2025, the Dubai Residential REIT, has been priced at Dh1.1 per unit. This pricing establishes an initial market capitalization of Dh14.3 billion and offers a gross dividend yield of 7.7% for the year 2025. The REIT is set to distribute Dh1.1 billion as dividends this year. The demand...
JPMorgan’s Managing Director and Co-Head of Equity Capital Markets for EMEA and APAC, Aloke Gupte, stated that the initial public offering (IPO) pipeline in the Gulf Cooperation Council (GCC) is set to continue progressing, even with current global market turbulence. While some IPOs may experience slight delays, Gupte believes that the momentum will still outpace...
Dubai Holding is set to launch an initial public offering (IPO) for its Dubai Residential Real Estate Investment Trust (REIT) on the Dubai Financial Market (DFM). The IPO will offer a total of 1.625 billion shares, which accounts for 12.5 percent of the issued unit capital of Dubai Residential REIT. Credit: Reuters Trading is expected...
Dubai Holding has announced plans to launch an Initial Public Offering (IPO) for its Real Estate Investment Trust (REIT) fund. This Sharia-compliant REIT signifies a significant advancement from one of the largest players in Dubai’s real estate development and investment sector, which includes notable names like Nakheel, Meydan, and Meraas. The IPO will be issued...
Dubai has officially signed the agreement valued at AED 6 billion for the implementation of traffic solutions. The agreement was witnessed by Sheikh Ahmed bin Saeed Al Maktoum, the Chairman of Dubai Holding, and involves the Roads and Transport Authority of Dubai. This partnership aims to enhance traffic management and improve road safety across the...