Dubai REIT Named Top IPO in Middle East
Damac Properties' "Makan Dubai REIT" Fund has won the "Best First Public Offering in the Middle East for 2025" award from EMEA Finance magazine, following the collection of AED 2.1 billion and receiving bids exceeding AED 56 billion, with a 26-fold oversubscription. The offering size was increased from 12.5% to 15% of the issued units. This success reflects the strength of Dubai's real estate market and investors' confidence in the sustainable growth of the residential sector.
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