Invest in Dubai Residential REIT IPO

Emirates Islamic Bank (P.J.S.C.) acting as Receiving Bank presents to you the opportunity to subscribe to the Dubai Residential REIT IPO on the Dubai Financial Market (DFM).

Subscriptions will open on 13 May 2025.

Dubai Residential REIT Investment Proposition:
A Unique Opportunity to Own the Dubai Growth Story

Upon listing, Dubai Residential REIT is expected to be the GCC’s first listed REIT focused exclusively on residential leasing, and the region’s largest REIT, with a gross asset value (GAV) of AED 21.63 billion, almost double the combined GAV of the five largest REITs in the region.
The REIT manages 35,700 residential units in Dubai, making it one of the largest residential real estate owners and operators in Dubai and the benchmark for residential real estate in the emirate.
Dubai Residential REIT portfolio is spread across different locations, property types, and price segments -- Premium, Community, Affordable, and Corporate Housing.
The tenant mix is well-balanced, comprising 43% corporate tenants and 57% individual tenants with varying income levels, addressing the diverse residential needs of Dubai residents.
Dubai Residential REIT’s properties are actively managed by experienced teams focused on actively engaging tenants, enhancing the value proposition of managed communities, increasing cashflow, and reducing risks.
The robust economic performance of the emirate of Dubai is strongly supported and driven by the UAE’s superior macroeconomic fundamentals, which are underpinned by positive structural shifts in the rental market.
Dubai Residential REIT benefits from Dubai Holding Group’s broad capabilities within the real estate sector, including development, asset management, facilities management and community management.

Dubai Residential REIT in Numbers*

Gross Asset Value: AED 21.6 billion	Total Revenue: AED 1.8 billion	Adjusted EBITDA: AED 1.3 billion	Expected Dividend (FY 2025): AED 1.1 billion*
Residential Communities: 21 across Dubai	Residential Units: 35,700 (95% Apartments / 5% Villas)	Average Occupancy: 97%	Avg. Retention Rate Over 3 Years: 83%

* As at or for the year ended 31 December 2024 (unless otherwise stated).
** Subject to Board approval. The expected dividend in respect of the year ending 31 December 2025 should not be viewed as a guide to the amount of any dividends that may be paid in respect of subsequent periods.
*** Or, if higher, an amount equal to 80% of profit for the period before changes in fair value of investment property.

Key Dates to Remember:

Key Dates	IPO Milestone
13 May 2025	UAE Retail Subscription Commencement
20 May2025	UAE End of Subscription Period
21 May2025	Announcement of Final Offer Price
26 May2025	Allocation and Refunds
28 May2025	Expected Listing on DFM

To find out more information about the Dubai Residential REIT IPO, visit ipo.dubairesidential.ae or call 04-3160066.

Ways to Apply

Existing Emirates Islamic customers:

1. Participating Branches: Visit any of the below branches to subscribe.

Region	Participating Branches	Documentation Requirements
Dubai	Healthcare City Branch Nad Al Hamar	For Individuals: The original and a copy of a valid passport or Emirates identity card; and In case the signatory is different from the Subscriber: • The duly notarised power of attorney held by that signatory or a certified copy by UAE-regulated persons/bodies, such as a notary public, or as otherwise duly regulated in the country; • The original passport/Emirates ID of the signatory for verification of signature and a copy of the original passport/Emirates ID; and • A copy of the passport/Emirates ID of the Subscriber for verification of signature. In case the signatory is a guardian of a minor, the following will be submitted: • Original and copy of the guardian’s passport/Emirates ID for verification of signature; • Original and copy of the minor’s passport; and • If the guardian is appointed by the court, original and copy of the guardianship deed attested by the court and other competent authorities (e.g. notary public). For Corporates: UAE-registered corporate bodies: • The original and a copy of a trade license or commercial registration for verification or a certified copy by one of the following UAE-regulated persons/bodies; a notary public or as otherwise duly regulated in the country; • The original and a copy of the document that authorises the signatory to sign on behalf of the subscriber and to represent the subscriber, to submit the application, and to accept the terms and conditions stipulated in the Prospectus and in the subscription form; and • The original and a copy of the passport/Emirates ID of the signatory.
Abu Dhabi	Main Branch Abu Dhabi Al Ain Branch
Sharjah & Northern Emirates	Halwan Branch Ajman Kalifa Bin Zayed Ras Al Khaimah Branch Fujairah Branch

Region

Participating Branches

Documentation Requirements

Dubai

Healthcare City Branch
Nad Al Hamar

For Individuals:

The original and a copy of a valid passport or Emirates identity card; and

In case the signatory is different from the Subscriber:

• The duly notarised power of attorney held by that signatory or a certified copy by UAE-regulated persons/bodies, such as a notary public, or as otherwise duly regulated in the country;
• The original passport/Emirates ID of the signatory for verification of signature and a copy of the original passport/Emirates ID; and
• A copy of the passport/Emirates ID of the Subscriber for verification of signature.

In case the signatory is a guardian of a minor, the following will be submitted:

• Original and copy of the guardian’s passport/Emirates ID for verification of signature;
• Original and copy of the minor’s passport; and
• If the guardian is appointed by the court, original and copy of the guardianship deed attested by the court and other competent authorities (e.g. notary public).

For Corporates:

UAE-registered corporate bodies:

• The original and a copy of a trade license or commercial registration for verification or a certified copy by one of the following UAE-regulated persons/bodies; a notary public or as otherwise duly regulated in the country;
• The original and a copy of the document that authorises the signatory to sign on behalf of the subscriber and to represent the subscriber, to submit the application, and to accept the terms and conditions stipulated in the Prospectus and in the subscription form; and
• The original and a copy of the passport/Emirates ID of the signatory.

Abu Dhabi

Main Branch Abu Dhabi
Al Ain Branch

Sharjah &
Northern Emirates

Halwan Branch
Ajman Kalifa Bin Zayed
Ras Al Khaimah Branch
Fujairah Branch

*Customers should have a Valid NIN with DFM for participation.

For more information on the DFM National Investor Number (NIN) and how to apply for one, please visit the DFM website at www.dfm.ae/ or access the DFM FAQs at assets.dfm.ae/other/faqs..

Click here to view our Branch locations.

2. Bank ATMs

Steps to apply:

Enter your debit card and pin number
Select the IPO subscription option from the main screen and select Dubai Residential REIT IPO
Enter a valid DFM NIN number
Select the eligible account number to be debited
Enter the amount to invest
Select the broker if any
The confirmation screen will show the IPO application number and reference number

3. Mobile Applications

Steps to apply via EI + Mobile Banking App:

Login to the app
Select the option Transfer and Pay
Select the option IPO Subscription
Select IPO Name
Select Category/Tranche
Enter Investor Number
Agree to Terms and Conditions
Select broker name and enter the amount
Confirm the details on summary screen
Authorise using SmartPass pin

Please ensure that the Mobile Application has been updated to the latest version.

Download the new EI + Mobile Banking App:

For Non Emirates Islamic customers (Via Participating Branches only):

Certified bank cheque (Manager’s cheque) drawn on a bank licensed and operating in the UAE, in favour of "Dubai Residential IPO"; and for the investment amount
Valid DFM NIN
Identification documents as listed above

To find out more about the subscription criteria and process, please visit: ipo.dubairesidential.ae/.

Disclaimer: This announcement has not been reviewed or approved by the SCA, or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the units should be based solely on the information in the Prospectus.

Dubai Residential REIT Initial Public Offering

Ways to Apply