Financial statements for the first half of 2026

Dubai Residential REIT reported a net profit of AED 1,089.5 million for the six-month period ended 30 June 2026, a decrease from AED 1,919.0 million in the same period last year. The decline was primarily driven by a lower gain on the fair value of investment properties, which fell to AED 373.0 million compared to AED 1.30 billion in H1 2025.
Total revenue grew 8.1% year-on-year to AED 1.04 billion, while gross profit increased to AED 848.7 million from AED 727.8 million. This operational improvement was partially offset by a sharp rise in management fees, which climbed to AED 79.6 million from AED 10.5 million in the prior-year period.
Net Asset Value (NAV) per unit rose to AED 1.74 as of 30 June 2026, up from AED 1.70 at year-end 2025. The total value of investment property increased to AED 25.17 billion, supported by AED 1.22 billion in net capital expenditure for property acquisitions and developments during the period.
The REIT declared and paid dividends totaling AED 550 million and executed an AED 850 million loan drawdown. Consequently, total borrowings increased to AED 2.44 billion by the end of June 2026, compared to AED 1.59 billion at the close of 2025.