REITs’ listing to energise UAE markets | ZAWYA MENA Edition:
The UAE authorities are at pains to attract investors from all over the world through a variety of means, decisions, and plans, such as the Dubai Financial Market’s (DFM) scheme to list real estate investment trusts (REITs).
Earlier in July, the DFM signed a memorandum of understanding (MoU) with the Dubai Land Department (DLD) for the facilitation of the listing of REITs and real estate companies in general.
The offering of REITs will boost the market, as this type of business is different from listed companies and eager for investments in highly profitable real estate assets, Wadah Al-Taha, member of the National Advisory Board of Chartered Institute for Securities &Investments (CISI), commented.
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