Page 102 - ALEF EDUCATION PR RPEORT MAY 2025

5/6/25, 11:23 AM Dubai Holding to list its residential Reit on DFM | The National
Dubai registered 111 sales of homes valued at more than $10 million in the first quarter of 2025, up 5.7
per cent on an annual basis, with a total value of $1.9 billion, Knight Frank said in a recent report.

The growing population in the emirate has also supported the market. By the end of March, the

population had risen to 3.92 million, with 89,695 new residents added in the first three months of the
year, an average of about 1,000 people a day.

The net population increase for 2024 was 170,478, averaging less than 500 a day, ValuStrat said in its

latest report.

The company aims to "capitalise on favourable real estate dynamics, with a clear road map for future
strong performance", Mr Al Malek said on Monday. This includes the launch of new developments and

projects, as well as asset acquisition from third parties.

IPO plans for more units
Dubai Holding also plans to list more of its businesses, Mr Al Malek said. "This definitely is an ongoing
activity for us. Will it translate into IPO or other investment activity? Definitely ... but this will be

communicated at the time where a decision is made on any of the businesses that we see going for [an]
IPO," he said, without elaborating.

Dubai Holding plans to list a commercial property portfolio, including malls and other commercial

assets, in a separate deal, Bloomberg News reported on Monday. It listed its subsidiary Tecom Group in
2022.

Listings boom

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