Dubai Residential REIT achieves strong performance in Q1-26; GAV hits AED 23.8bn

Dubai – Mubasher: Dubai Residential REIT delivered solid operational performance for the three-month period ended 31 March 2026, according to the financial results.

The revenues increased by 8.40% year-on-year (YoY) in the first quarter (Q1) of 2026, supported by strong leasing activity and sustained demand across the core residential segments.

Meanwhile, the gross asset value (GAV) stood at nearly AED 23.80 billion, including the addition of 56 villas as part of the Garden View Villas, highlighting the scale, quality, and diversification of the assets.

The REIT maintained a portfolio average occupancy rate of 98.90% for Q1-26, marking an annual rise of 1%, demonstrating the strength of underlying demand for its communities.

Portfolio-wide retention rate reached 98%, reflecting stable tenant retention and consistent leasing performance.

Managing Director of DHAM REIT Management Ahmed Al Suwaidi commented: “In an environment characterized by rapidly evolving market conditions, our portfolio has continued to demonstrate stability, supported by the quality, scale, and diversity of our communities.”

“Through disciplined asset management and proactive leasing across the portfolio, we have maintained stable occupancy levels, strong tenant retention, and continued rental growth, while remaining focused on enhancing customer experience and operational efficiency,” Al Suwaidi mentioned.

He concluded: “As we continue to execute on our strategy, the REIT is well positioned to navigate evolving market conditions, capture growth opportunities, and deliver consistent income and attractive long-term returns for our unitholders.”

Last March, Dubai Residential REIT added 56 villas to the Garden View Villas community.

Source: Mubasher Source: {{details.article.source}}