Dubai Residential REIT IPO Offering Increase
Sector: Residential • Location: Dubai, United Arab Emirates
Source: Middle East Construction News
Dubai Residential REIT, a Shariah compliant income-generating closed-ended real estate investment fund and one of the largest owners and operators of residential real estate in Dubai, has increased the offering size of its initial public offering (IPO) from 12.5% to 15.0% of its issued unit capital. The revised offering size is expected to be between US $568 million and $584 million, with a market
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | planned |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Dubai Residential REIT, a Shariah compliant income-generating closed-ended real estate investment fund and one of the largest owners and operators of residential real estate in Dubai, has increased the offering size of its initial public offering (IPO) from 12.5% to 15.0% of its issued unit capital. The revised offering size is expected to be between US $568 million and $584 million, with a market capitalization at listing between $3.8 billion and $3.9 billion. The IPO comprises two tranches: a UAE Retail Offer and an Institutional Offering, with the latter increased in size due to strong demand. The offering is expected to close on 20 May 2025, with trading on the Dubai Financial Market (DFM) expected to commence around 28 May 2025. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |