Dubai Residential REIT delivers AED 622 million H1 2025 net profit, up 10% year-on-year driven by strong occupancy and operating performance
Key Highlights
Revenue: AED 958 million (+10% vs. H1 2024)
Adjusted EBITDA: AED 718 million (+11% vs. H1 2024; currently at 75% margin)
Net Profit: AED 622 million (+10% vs. H1 2024)
Portfolio Occupancy: 98% (+2 percentage points vs. H1 2024)
FCF Conversion Rate: 93%
Gross Asset Value (GAV)[2]: AED 23 billion (+7% vs. Dec 2024)
Net LTV: 3%, with AED 2.9 billion liquidity
Interim Cash Dividend: AED 550 million (4.2 fils/unit), 7.7% annualised yield on IPO price
Dubai Residential REIT (DFM: DUBAIRESI), a Shariah-compliant income-generating real estate investment trust (“the REIT”) managed by DHAM REIT Management (“the Fund Manager”), announced its financial results for the first half of the year ending on 30 June 2025.
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Press Release