Press release regarding financial results for the 2nd QTR of 2026

Dubai Residential REIT reported a H1 2026 net profit before fair value changes of AED 716.5 million, marking a 15.1% year-on-year increase. Total revenue for the period grew by 8.1% to AED 1,035.7 million, supported by strong rental demand and a high average portfolio occupancy rate of 98.6%.
The REIT will distribute AED 573.2 million in dividends for the first half of the year, equivalent to 4.4 fils per unit and representing 80% of net profit before fair value adjustments. This distribution implies an annualized dividend yield of approximately 8.0% based on the IPO price and 7.1% based on the June 30, 2026, closing price.
Operational profitability improved as Adjusted EBITDA rose 14.6% year-on-year to AED 822.6 million, yielding a margin of 79.4%. This growth was driven by a 7.5% increase in average revenue per leased square foot and a high tenant retention rate of 94.1% across its 22 integrated communities.
Gross Asset Value (GAV) reached AED 25.2 billion, up 6.9% year-on-year, following the addition of 276 units in Jebel Ali Village and Garden Views Villas. The trust is targeting further expansion with expressions of interest submitted for 555 additional residential uni