Dubai Residential REIT Kept at Buy as FAB Notes 'Strong' H1 Performance

04:38 AM EDT, 08/06/2026 (MT Newswires) -- FAB Securities maintained its buy rating on Dubai Residential REIT (DFM:DUBAIRESI) as it took note of the company's interim results. For the six-month period, the pure-play real estate investment trust logged a 15.1% year-over-year rise in net profit before change in fair value of investment property to 716 million Emirati dirhams, in line with FAB's estimate of 693 million dirhams, according to a Wednesday first look note. Revenue also grew 8.1% annually to 1.04 billion dirhams, compared with the research firm's forecast of 1.02 billion dirhams. "Dubai Residential REIT delivered a strong operational and financial performance in 1H26, supported by higher rental rates, sustained occupancy, disciplined cost management, and continued portfolio expansion," analysts wrote. "Operational performance remained resilient, with average portfolio occupancy improving to 98.6% in 1H26 from 98.1% in 1H25, while tenant retention increased to 94.1% in 1H26 from 93.8% in 1H25, supporting recurring rental income and reinforcing the visibility and predictability of cash flows." The stock has a price target of 1.60 dirhams.