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Monday, 6 February 2017

UAE’s first residential Reit launched | The National

UAE’s first residential Reit launched | The National:

"The UAE’s first residential real estate investment trust (Reit) has been established to tap improving yields after two years of price declines. The company behind Emirates Reit has teamed up with Al Hamra Real Estate Development and National Bonds to create the investment trust that will comprise about 500 homes in Dubai and Ras Al Khaimah (RAK). "We believe this is the right time to enter the residential market and launch The Residential Reit," said Sylvain Vieujot, the chairman of Equitativa. "Residential yields are attractive in the current environment and are expected to provide medium term upside. There continues to be significant interest in reits across the region from both institutional and private investors.""



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