Dubai Holding, the investment arm of Dubai's ruling family, is set to launch its first residential real estate investment trust (REIT), aiming to list a 12.5% stake in the Dubai Financial Market. This REIT will manage a portfolio of 40,000 residential units valued at approximately 21.6 billion dirhams ($5.88 billion). The IPO is expected to attract significant investor interest, marking a pivotal moment in Dubai's real estate sector, which has experienced seven years of continuous growth.

The introduction of the residential REIT is anticipated to enhance liquidity in Dubai's capital markets and provide investors with a new avenue for income generation through real estate. This move aligns with broader trends in the region, where real estate investment trusts are becoming increasingly popular as a means to diversify investment portfolios and tap into the booming property market.