"Dubai Holding" is great residential assets on the local stock exchange

Dubai Holding, an investment business owned by the Dubai government, has announced that it has a preliminary public offering of a real estate investment fund, which is the largest owners and residents of residential real estate in Dubai. The company said one of its subsidiaries, ‘Dham’ for managing real estate investment funds, will make a preliminary public offer for ‘Dubai Ride Houses’, a real estate investment fund closed under the business and an income compatible with the terms of Islamic Sharia, according to a declaration of the intention of the offer. The entity will manage 35,700 dwelling units distributed in Dubai, and it will be one of the largest of its kind in the region when inserted. The total value of its assets is 21.6 billion dirhams ($ 5.88 billion), or almost twice the compound value of the five largest real estate boxes listed in the region, according to Dubai Holding. The first listing in the financial market in Dubai and the offer is the first listing in the Dubai Financial Market this year, at a time when the world sees widespread fluctuations as a result of the customs duties imposed by US President Donald Trump. Despite the strong growth in real estate prices in the emirates over the past year, analysts have warned that the decline in oil and commercial oil prices could pose underlying risks. Dubai Holding said that ‘Dubai Ride Housing’ will be the first entity in the Gulf Cooperation Council that is officially included and that its activity is limited to housing units rental, with the promise to pay dividends into two groups of 1.1 billion dirhams or 80% of the profit in 2024 -whichever is higher. The subscription period begins from May 13 and will continue until May 20. “Emirates NBD Capital”, “Morgan Stanley” and “City Group” will play the role of world coordinators, while “Abu Dhabi Commercial Bank”, “Capital Numbers” and “Abu Dhabi First Bank” as the directors of the subscription. Dubai has so far raised about $ 9 billion in the privatization program launched in 2021, which includes the inclusion of companies working in transport services, facilities and road systems. The Dubai Government Investment Fund also wants to offer the shares of the ‘Alec Engineering and Contracking Company’ as part of the ongoing privatization efforts. The schedule of the initial general offer is the price of the price domain and the onset of the build -up of the order record: May 13, 2025.