With a Dh14.3 billion market cap and 26x oversubscription, Dubai’s first pure-play residential leasing Reit reinforces investor confidence and the emirate’s status as a global investment hub. Dubai Residential Reit made a powerful debut on the Dubai Financial Market (DFM) on Wednesday, closing 13.64% higher on its first day of trading and marking a historic step for the region’s capital markets. Opening at Dh1.21—above its listing price of Dh1.10—the share surged to a high of Dh1.31 before settling at Dh1.25. This performance came after an extraordinary initial public offering (IPO) that raised Dh2.145 billion ($584 million), with overwhelming demand from … Continue reading Dubai Residential Reit Soars 13.64% on Market Debut, Marking a Milestone for UAE Capital Markets