Tue, Oct 21, 2014
A A A
Welcome bhaimia
RSS

Dubai Islamic Bank to launch property investment trust

Posted on 25 November 2010

From Thenational.ae: Dubai Islamic Bank (DIB) plans to launch the UAE’s first real estate investment trust in a move the bank hopes will rekindle the Dubai property market. Real estate investment trusts, commonly called REITs, allow investors to buy into a portfolio of properties, which pay income from rents and sales in much the same way as a mutual fund profits from equities.
The Emirates REIT, as it will be known, would allow the bank to tap into liquidity from overseas investors seeking access to local property markets……………………………………….Full Article: Source

 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031