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Comprehensive Valuation of Dubai Residential REIT Portfolio Completed

Strategic Insights

— 1 min read

The Dubai Residential REIT Portfolio, consisting of 40 property groups across Dubai, has undergone a comprehensive valuation, fulfilling regulatory requirements for publicly listed Real Estate Investment Trusts (REITs). The valuation, conducted by JLL's Value and Risk Advisory, was completed on June 30, 2025, following an instruction received on June 9, 2025. The process aimed to maintain transparency and accuracy in financial reporting, adhering to international and local standards.

Key Takeaways:

  • The valuation was conducted by JLL's Value and Risk Advisory, with Youcef El Hachemi MRICS serving as the responsible valuer.
  • The valuation was based on market value, as defined by the Emirates Book Valuation Standards and International Valuation Standards.
  • The portfolio was appraised using the Income Approach (Discounted Cashflow) and Market Approach valuation methodologies.
  • Inspections conducted in October 2024 were crucial for understanding the properties' characteristics that may influence their market value.
  • No material changes to the properties or surrounding areas were noted between the inspection dates and the valuation date.
  • The valuation did not account for expenses of realization or taxation that might arise in the event of disposal, considering the properties to be free and clear of mortgages or other charges.
  • The valuation exercise aligns with regulatory requirements set forth by the Securities And Commodities Authority (SCA) and Dubai Financial Market (DFM).
  • The findings of this valuation will be shared with the Securities and Exchange Commission (SCA) as part of ongoing compliance efforts.

Statistics:

  • 40 property groups were included in the valuation portfolio.
  • 3 valuers were involved in the valuation process: Youcef El Hachemi MRICS, Bater Qassem MRICS, and Andrei Shchetinin MRICS.
  • 1 inspection was conducted in October 2024 regarding the properties' characteristics that may influence their market value.
  • The portfolio was appraised using 2 valuation methodologies: Income Approach (Discounted Cashflow) and Market Approach.
  • The valuation was completed on June 30, 2025.
  • The valuation exercise did not account for expenses of realization or taxation that might arise in the event of disposal.

Sources:

  • JLL's Value and Risk Advisory report
  • Dubai Financial Market (DFM) announcements
  • Securities And Commodities Authority (SCA) regulations
  • Dubai Land Department regulations

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