Dubai Residential REIT expands portfolio with Dh241m Garden View Villas addition
New premium units enhance established master-planned community living
DUBAI – Dubai Residential REIT has expanded its property portfolio with the addition of 56 villas to the Garden View Villas community, reinforcing its strategy to grow high-quality, income-generating residential assets.
The move comes as demand for premium community living continues to shape Dubai’s real estate landscape. The newly added units form part of a forward purchase agreement valued at Dh241 million, marking a notable step in the REIT’s ongoing expansion pipeline.
The villas complement the existing 285 units within Garden View Villas, further enhancing the established master-planned community. Designed as four-bedroom semi-detached homes, the new additions introduce a premium offering aimed at residents seeking upscale living combined with strong property management standards.
Portfolio growth
The acquisition reflects a valuation uplift, with the Dh241 million forward purchase price compared to a more recent valuation of Dh260 million. This represents a 7.9 percent increase, underlining the asset’s value appreciation within a competitive residential market.
According to Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, the additional units build on the existing success of Garden View Villas while broadening the REIT’s exposure to premium residential segments. He highlighted that the REIT’s growth remains disciplined and focused on assets that deliver consistent income while aligning with investor expectations.
The expansion is supported by continued confidence in Dubai’s residential sector, particularly within well-planned communities that offer integrated living environments and strong tenant demand. The REIT maintains a pipeline of acquisitions through strategic arrangements with Dubai Holding and Dubai Holding Asset Management, ensuring access to future opportunities.
Future pipeline
Beyond Garden View Villas, the REIT confirmed that Jebel Ali Village remains on track for completion in the second quarter of 2026. The development is expected to add 220 units to the portfolio, further strengthening its residential footprint.
Together, Garden View Villas and Jebel Ali Village are projected to generate between Dh70 million and Dh80 million in additional revenue once stabilised. This anticipated income reflects both the scale of the developments and the REIT’s focus on assets capable of delivering long-term returns.
In addition, the REIT continues to evaluate further opportunities within Dubai Holding’s development pipeline. These include projects such as Lantana Hills in Dubai Science Park, residential offerings in Dubai Wharf, and The Acres community in Dubailand. Each of these developments aligns with the REIT’s strategy to diversify its portfolio across various residential segments while maintaining a consistent income base.
Community living
Garden View Villas is positioned as a hillside, family-oriented community offering a mix of townhouses and villas. The development is designed with a focus on modern living, featuring units with contemporary layouts and, in some cases, private swimming pools.
The community incorporates a range of amenities, including a dog park and a dedicated community centre, contributing to a balanced residential environment. Architecturally, the homes reflect a distinctive style with oriental design elements, decorative facades and mezzanine roofs.
Located near Ibn Battuta Mall and Sheikh Zayed Road, the development benefits from strong connectivity to key areas of Dubai, enhancing its appeal among residents seeking both accessibility and community-focused living.
Dubai Residential REIT, listed on the Dubai Financial Market under the ticker DUBAIRESI, operates as a Shariah-compliant, closed-end real estate investment trust. It is recognised as the GCC’s largest pure-play residential leasing REIT in terms of gross asset value, managing a portfolio of 21 integrated communities with more than 35,700 homes serving over 140,000 residents across premium, community, affordable and corporate housing segments.