58 Days
Source:
البيان
Dubai REIT profits rise to 716.5M AED
Dubai Homes REIT achieved strong financial results in the first half of 2026, with net profit before fair value changes of properties increasing by 15.1% to 716.5 million AED. Revenues rose by 8.1% to 1,035.7 million AED, driven by higher rental rates and improved occupancy levels, which reached 98.6%. The company also announced a cash dividend distribution of 573.2 million AED, at a rate of 4.4 fils per unit, reflecting an annual yield of 8.0% based on the offering price and 7.1% relative to the closing price in June 2026. These results underscore the strength of the property portfolio and the high demand for its residential communities, with continued growth, operational efficiency, and a focus on asset management and long-term value enhancement.
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