Dubai’s Only REIT Sees Hidden Gems in City’s Underrated Offices - Bloomberg

Dubai’s Only REIT Sees Hidden Gems in City’s Underrated Offices - Bloomberg:



"Dubai’s only real estate investment trust may spend about 675 million dirhams ($184 million) on Dubai office buildings, betting on a part of the market that missed out on the city’s property rebound.



Emirates REIT (CEIC) Ltd. will only consider buildings with a single owner after properties with multiple landlords contributed to the office market’s stagnation, Executive Deputy Chairman Sylvain Vieujot said in an interview in Dubai.



“We won’t look at a tower that has been sold to 200 people,” Vieujot said. “This is what gave the office market a bad reputation, but it also gives us an opportunity because we think it’s mispriced.”"



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