Dubai real estate: 220 Jebel Ali townhouses sold for $250 million
The townhouses alongside 56 Garden View Villas acquired earlier this year are expected to contribute about AED75m in additional revenue once stabilised.
Dubai Residential REIT has acquired 220 townhouses at Jebel Ali Village for AED894m, adding to its premium residential portfolio and taking total additions in the first half of 2026 to 276 units.
The acquisition was secured through a forward purchase agreement and includes 80 three-bedroom and 140 four-bedroom townhouses within the wider Jebel Ali Village community.
The homes are located near Sheikh Zayed Road and Ibn Battuta Mall, with the three-bedroom units averaging 2,912 sq ft and four-bedroom homes averaging 3,227 sq ft.
The townhouses alongside 56 Garden View Villas acquired earlier this year are expected to contribute about AED75m in additional revenue once stabilised.
Dubai Residential REIT adds premium family homes
The new townhouses will expand the REIT’s exposure to family-oriented homes within Dubai’s premium residential market.
Ahmed Al Suwaidi, Managing Director of DHAM REIT Management said, “The acquisition and addition of the 220 townhouses at Jebel Ali Village to our portfolio marks the next step in Dubai Residential REIT’s committed growth strategy, following the successful acquisition of 56 units in Garden View Villas earlier this year.”
“Together, these additions reflect disciplined execution against the pipeline outlined at the time of listing and demonstrate our ability to integrate high-quality, income-generating residential assets into the portfolio in a measured and value-accretive manner.”
The REIT plans to focus on leasing the homes, resident experience and cash generation as the units are integrated into the portfolio.
“This cluster adds a sizeable number of family-oriented townhouses in a strategically located community with strong long-term demand fundamentals,” Al Suwaidi said.
“As we integrate these homes into the portfolio, our focus will remain on disciplined leasing, maintaining a high-quality resident experience and translating these assets into sustainable cash generation.”
More acquisitions under review
Dubai Residential REIT said it is continuing to assess further opportunities within the Dubai Holding residential pipeline.
Assets under consideration include Lantana Hills at Dubai Science Park, additional units at Dubai Wharf and a cluster of single-family homes at The Acres in Dubailand.
Any future purchases remain subject to assessment under the REIT’s investment policy, portfolio strategy and long-term return objectives.
