Dubai – Mubasher: Dubai Residential REIT has added 56 villas to the Garden View Villas community, complementing the existing 285 units and advancing its disciplined growth strategy, according to a press release.
The new villas include four-bedroom semi-detached units, previously secured through a forward purchase agreement with DHAM LLC at AED 241 million, compared to a recent valuation of AED 260 million.
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, said: “These new units build on the success of Garden View Villas and broaden our portfolio within this established master-planned community.”
He added: “We remain on track to receive the Jebel Ali Village villas in 2026, further reinforcing our premium offering. Beyond these assets, we continue to assess value accretive opportunities, leveraging our Right of First Offer arrangement with Dubai Holding Asset Management and Dubai Holding, maintaining a clear focus on long-term value creation and maximizing unitholder returns.”
Jebel Ali Village is expected to add 220 units and remains on track for completion in the second quarter (Q2) of 2026.
Both Garden View Villas and Jebel Ali Village are projected to generate between AED 70 million and AED 80 million in additional revenue once stabilized.
At the end of December 2025, Dubai Residential REIT’s net profits jumped to AED 3.02 billion from AED 2.66 billion in 2024.
