ZAWYA: Dubai Residential REIT Adds 220 townhouses at Jebel Ali Village to portfolio in AED 894mln acquisition

About this update from Dubai Residential Reit

The acquisition is based on a forward purchase price of AED 894mThe new cluster and the recently acquired 56 units in the neighbouring Garden View Villas combined are expected to contribute approximately AED 75 million in incremental revenue once stabilisedDubai Residential REIT continues to evaluate additional value-accretive opportunities across the Dubai Holding residential pipelineDubai, United Arab Emirates – Dubai Residential REIT, the GCC’s largest real estate investment trust, today announced the acquisition of 220 townhouses at Jebel Ali Village and their addition to its investment portfolio, marking the next step in the REIT’s committed growth strategy and expanding its presence in Dubai’s premium residential segment.Comprising a mix of three- and four-bedroom townhouses, the new cluster of 220 townhouses adds scale in a strategically located, family-oriented community and further broadens the REIT’s exposure to high-quality, income-generating residential assets. The acquisition was secured through a forward purchase agreement at a price of AED 894 million1.Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said:“The acquisition and addition of the 220 townhouses at Jebel Ali Village to our portfolio marks the next step in Dubai Residential REIT’s committed growth strategy, following the successful acquisition of 56 units in Garden View Villas earlier this year. Together, these additions reflect disciplined execution against the pipeline outlined at the time of listing and demonstrate our ability to integrate high-quality, income-generating residential assets into the portfolio in a measured and value-accretive manner.This cluster adds a sizeable number of family-oriented townhouses in a strategically located community with strong long-term demand fundamentals. As we integrate these homes into the portfolio, our focus will remain on disciplined leasing, maintaining a high-quality resident experience and translating these assets into sustainable cash generation. We will continue to assess further opportunities with a clear emphasis on strategic fit, operational readiness and long-term value creation for unitholders.”With this acquisition, Dubai Residential REIT has added a total of 276 units to its portfolio during the first half of 2026, reflecting continued delivery against its committed growth pipeline. Together, the 220 townhouses i...

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