Dubai Residential REIT has bolstered its market presence by acquiring 220 townhouses in the sought-after Jebel Ali Village for Dh894 million. This strategic investment, finalized through a forward purchase agreement, features a mix of 80 three-bedroom and 140 four-bedroom homes. Located near major landmarks like Sheikh Zayed Road and Ibn Battuta Mall, these properties are expected to generate approximately Dh75 million in annual revenue once stabilized, significantly supporting the REIT's medium-term earnings growth.

This transaction marks the trust's second major expansion this year, following the earlier acquisition of 56 Garden View Villas. According to Ahmed Al Suwaidi, Managing Director of DHAM REIT Management, these additions align with the company's commitment to building a high-quality, income-generating portfolio. As the REIT continues to execute its growth strategy, it is already exploring further opportunities within Dubai’s premium residential sectors—including potential investments in Lantana Hills, Dubai Wharf, and The Acres—to deliver sustained value for its unitholders while meeting the rising demand for professionally managed housing across the emirate.