Gowealthy Capital Limited, a subsidiary of Gowealthy Holdings, is to launch three property investment funds in the second quarter of 2009 with a combined value of $325 million (Dh1.19 billion).
While the details have yet to be ironed out, the residential funds will be launched on behalf of two "significant" developers - one of which is listed - according to Peter Penhall, chief executive of Gowealthy and senior executive officer of Gowealthy Capital Limited.
The funds will be regulated by Dubai International Financial Centre (DIFC) and will have exit strategies.
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