Dubai Holding Asset Management - Real Estate Investment Trust

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DHAM REIT Management LLC announced its intention to launch an initial public offering for Dubai Residential REIT

A Shariah-compliant income-generating closed-ended real estate investment fund under establishment and one of the largest owners and operators of residential real estate in Dubai, to list its units for trading on the Dubai Financial Market (DFM).

A Real Estate Investment Trust (REIT) is a company or a fund that owns and manages an income-generating real estate portfolio and distributes the majority of that income to investors through dividend payments. REITs are designed to provide investors with the economic benefits of real estate ownership without the time, cost, and administrative implications of building and managing a property portfolio. REITs combine the investment characteristics of equities and bonds/sukuk, in that they offer reliable income streams with the potential for capital growth.

Intention to float announcement
5 May 2025
Opening of subscription
13 May 2025
General public subscriptions closure
20 May 2025
Final price offer announcement
21 May 2025
Expected listing date
28 May 2025
Market
DFM
Read Prospectus

Key Facts & Figures

Dividend Income : UAE REITs are required to distribute at least 80% of their annual net profits to unitholders thus providing the potential for a sustainable income stream.

Diversified Real Estate Exposure : REITs provide access to large diversified property portfolios that reduce risks associated with owning and managing both individual and multiple property portfolios.

Asset & Portfolio Diversification : REITs can be a valuable addition to a traditional stock and bond portfolio.

Specialised Fund Management : Specialised fund managers actively manage REITs’ portfolios, optimising asset performance, and navigating market complexities to maximise returns.

Liquidity : Publicly traded REITs can be bought and sold on major stock exchanges, providing investors with a more liquid investment compared to direct real estate ownership.

Capital Growth : REITs can enhance unitholder value through improved operational performance and strategic value accretive acquisitions which boost income per unit.

Marked to Market : Compared to direct real estate ownership, a publicly traded REIT may offer greater transparency around valuation, potentially allowing investors to better assess the current market value of their holdings.

Favourable Tax Treatment : REITs offer tax advantages, with the REIT itself not paying taxes and UAE-based individual investors also exempt.

  1. Log in to ENBD X and select "Transfer/Pay".
  2. Scroll down to "Payments" select "IPO subscription".
  3. Select IPO name.
  4. Select Category/Tranche.
  5. Enter your Investor Number.
  6. Agree to the “Terms and Condition”.
  7. Select broker name and input the amount.
  8. Review the details on Summary screen.
  9. Authorize the transaction using your smart pass PIN.
  10. You’ll receive IPO payment confirmation along with the reference and application number.

  1. Insert your debit card and enter your PIN number
  2. Select IPO subscription option in the main screen and select IPO name
  3. Enter your Investor Number
  4. Select the account from which the funds need to be debited
  5. Enter the amount to invest / number of shares
  6. Select the broker if any
  7. You’ll get a confirmation with the IPO application and reference numbers

S.No Branch Name Area Working Hours IPO Subscription Hours Location Contact
1 Deira Branch Dubai Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 2:00 PM)

Ground Floor, new Emirates NBD Building at Abra Rd, Deira, Dubai
800 3623 476
2 Jumeirah Branch Dubai Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Al Wasl Rd Intersection, Umm Suquiem 3, Jumeirah, Dubai
800 3623 476
3 Abu Dhabi Main Branch Abu Dhabi Monday to Friday
(8:00 AM - 3:00 PM)
Monday to Friday
(8:00 AM - 1:00 PM)

Ground Floor, Al Neem Building, Shaikh Khalifa street , Abu Dhabi
800 3623 476
4 Al Muroor Branch Abu Dhabi Monday to Saturday
(8:00 AM - 8:00 PM)
Monday to Saturday
(8:00 AM - 1:00 PM)

New Airport Road, Muroor, Abu Dhabi
800 3623 476
5 Al Ain Main Branch Abu Dhabi Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Sheikh Khalifa Bin Zayed St, (in front of Burjeel Hospital), Al Ain
800 3623 476
6 Ajman Branch Ajman Monday to Thursday
(8:00 AM - 2:00 PM)
Friday
(7:30 AM - 12:15 PM)
Saturday
(8:00 AM - 2:00 PM)
Monday to Thursday
(8:00 AM - 1:00 PM)
Friday
(7:30 AM - 11:15 PM)
Saturday
(8:00 AM - 1:00 PM)

Emirates NBD Building, Sheikh Rashid Bin Humaid St, Al Sawan, Ajman
800 3623 476

Anyone with a valid Investor Number (NIN) and a registered mobile number in the related market in addition to your bank account details can subscribe to an IPO. You don’t need to be an Emirates NBD customer to participate.

An National Investor Number (NIN) is a unique identifier assigned to investors trading in the stock market. If you don’t have a NIN, you can open an Emirates NBD Securities account, and a NIN will be generated for you automatically for each market. (DFM, ADX, Tadawul)

Yes, you can subscribe to IPOs through our IPO portal even if you are not an Emirates NBD customer.

You can subscribe to IPOs through our IPO website, ENBD X mobile app and ATMs.

You can pay using:

  • For Emirates NBD Account Holders:
    • ATM
    • ENBD X Mobile App
  • For other Account Holders:
    • Payment Gateway System (UAEPGS)
    • Fund Transfer System (UAEFTS)
    • SWIFT

Once the IPO subscription has been confirmed and processed, it cannot be modified. Please review all details carefully before submission. Correct

In the event of an oversubscription, the allocation of shares is subject to the IPO’s allotment process. Any unallocated funds will be refunded to your account.

Yes, you will receive an email confirmation and SMS notification with your application number and a reference number once your subscription is processed.

Yes, you can subscribe to multiple IPOs simultaneously through our platform (if available), provided you meet the requirements for each IPO.

The minimum or maximum investment amount depends on the specific IPO. Please check the details of the IPO offering and read the prospectus for more information.

Yes, our dedicated IPO help line is available to assist you with any questions during the IPO subscription process. For any inquiries, please call: 800ENBDIPO (8003623476).