Dubai Ruler’s Residential REIT Surges After $584 Million IPO

Dubai’s property market has been buoyed by an influx of new residents since the pandemic.
Photographer: Christopher Pike/Bloomberg

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By Laura Gardner Cuesta

May 28, 2025 at 6:07 AM UTC

Updated on

May 28, 2025 at 2:13 PM UTC

Dubai Holding’s $584 million residential real estate investment trust surged in its trading debut, as the city’s property market boom continues to lure investors.

Dubai Residential REIT closed nearly 14% higher at 1.25 dirhams per unit on Wednesday, after rising as much as 19% from the offer price of 1.10 dirhams.