Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

 





Home / News / News Search
News Search
   

Asset Management Firms Select Dubai International Financial Centre As Destination Of Choice For Property Funds And Real Estate Investment Trusts
(21 May 2017)
DIFC clients benefiting from regulations and laws which have enabled successful REIT launches


 

Dubai International Financial Centre (DIFC), the leading financial hub in the $7.4 trillion Middle East, Africa and South Asia (MEASA), has reinforced its position as the largest fund regime in the region at an event which highlighted how property funds and Real Estate Investment Trusts (REITs) are becoming increasingly popular and opening up significant investment opportunities in the real estate sector.  

The event, hosted by DIFC and the Dubai Financial Services Authority (DFSA), highlighted how the region is experiencing growth in property funds including REITs, Qualified Investor Funds (QIFs) and Exempt Funds. DIFC clients, have been the first in the region to benefit from enhanced regulation and laws which has enabled them to launch REITs.

The Centre has the potential to be the destination of choice for REITs in the MEASA region. This follows recent successful launches by Emirates NBD REIT, which redomiciled from Jersey to DIFC, and Equitativa Limited, which launched the first Sharia-compliant REIT in the UAE because it is home to almost 200 wealth and asset managers. Activity in this sector has the potential to shape the future of real estate, a critical component of the local, UAE and regional economy.

Additionally, DIFC and Dubai Land Department (DLD) recently signed a ground-breaking Memorandum of Understanding, a strategic move which will simplify the land owner registration process with DLD for DIFC-based companies, partnerships, foundations, REITs and real estate funds. This landmark agreement is expected to encourage greater institutional investment into Dubai’s real estate sector.

Arif Amiri, Chief Executive Officer of DIFC Authority, said: “Having successfully supported our clients to launch property funds and REITs, we are seeing more interest in them. DIFC’s proven and trusted legal and regulatory environment supports real estate as an asset class and its growth potential will play an integral role in the delivery of our 2024 strategy.”

DIFC is currently working with a number of clients who are interested in issuing REITs, and many more on establishing QIFs and Exempt Funds, which have the potential to be converted to REITs.

 

Download the Dubai City Guide iPhone mobile app

DubaiCityGuide.com is owned and managed by Cyber Gear


  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
3078
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance