Dubai Residential REIT Reports 15% Net Profit Growth In H1 And Approves AED 573.2mln Interim Dividend
Dubai Residential REIT, the GCC’s largest real estate investment trust (the “REIT”), announced its financial results for the six-month period ending on 30 June 2026 (H1’26). The REIT delivered strong financial and operational performance, driven by higher rental rates, higher portfolio occupancy, and disciplined cost management, while continuing to execute its growth strategy through portfolio expansion and active asset management. KEY FINANCIAL AND OPERATIONAL HIGHLIGHTS: FINANCIAL HIGHLIGHTS H1’26 (AED | except percentages) H1’25 (AED | except percentages) % CHANGE Revenue 1,035.7 million 957.8 million +8.1% Adjusted EBITDA 822.6 million 717.6 million +14.6% Adjusted EBITDA Margin 79.4% 74.9% +4.5 PP Net Profit Before Fair Value Changes 716.5 million 622.3 million +15.1% Free Cash Flow (FCF) Conversion 94.8% 92.6% +2.2 PP Net Finance-to-Value (FTV) 6.8% 3.3% +3.5 PP As of 30 Jun 26 (AED) As of 31
W Capital Wins Reef Development’s Top Sales Agency Award
W Capital Real Estate Brokerage, led by Chairman Walid Al Zarooni, has been recognized by Reef Developments with the "Top Sales Agency" award in recognition of the company's outstanding sales performance and its success in marketing the developer's projects. The award reflects W Capital's growing position in Dubai's real estate brokerage sector, built on strong partnerships with leading developers, a highly experienced sales team, and its ability to connect investors with high-potential real estate opportunities across the emirate. Commenting on the achievement, Walid Al Zarooni, Chairman of W Capital Real Estate Brokerage, said: "This recognition from Reef Developments is a testament to the