The United Arab Emirates' first real estate investment trust, Emirates REIT, said on Tuesday that it planned to raise at least 500 million dirhams ($135 million) through an initial public offer of its shares on the Nasdaq Dubai bourse.
Dubai Islamic Bank (DIB) has launched the emirate's first sharia-compliant real estate investment trust to aid in the recovery of the country's battered real estate sector.
Emirates REIT, a joint venture between DIB and French property fir
More than 160 experts from over 25 countries will be speaking at a conference which forms part of an upcoming international real estate investment and development event in Abu Dhabi.
Cityscape Abu Dhabi will be held from April 18 to 21 at
ARA Asset Management said on Monday it plans to launch a real estate investment trust (REIT) in Singapore which will hold assets such as hotels and service apartments currently owned by Qatar's Regency Group.
The proposed REIT that wil
Saudi Arabia's first sharia-compliant real estate investment trust is expected to be launched in June, an asset manager involved in preparing the product told Reuters on Wednesday.
John Sandwick, managing director of wealth manager Encore
Encore, an independent Swiss asset management company, has joined hands with Sumou Holding to set up the first Shariah-compliant real estate investment trust (Reit) in Saudi Arabia.
Sumou will be the operational manager, while Encore
Dubai property developer Nakheel Group said it is in talks with banks about creating real estate investment trusts (REIT) with asset values of up to Dh10 billion ($2.72 billion) to fund infrastructure and residences.
Nakheel, a Dubai-gover