Dipula is a South African REIT that owns and manages income-producing retail, office and industrial properties.

Dipula was founded in 2005 and listed on the JSE in 2011 after merging Dipula Property Fund with Mergence Africa Property Fund. The group owns a diversified South African property portfolio, with a significant concentration in Gauteng. Its 2025 reporting identifies the business as internally managed and focused on sustainable rental income and value-adding redevelopment. The company now trades as Dipula Properties, following its corporate rebranding.