REITs to soak up Gulf property glut:
The number of real estate investment trusts (Reits) launched in the Gulf is expected to rise as investors look for a way of obtaining exposure to the region’s expanding property sector, analysts said.
A Reit allows investors to gain exposure to the real estate market through allowing collective ownership for fully-constructed real estate assets that generate regular income.
“(We are) most definitely likely to see an increase in the number of Reits launched in both Dubai and Abu Dhabi over the next 12 months,” said Craig Plumb, regional head of research at real estate consultancy JLL.
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