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Islamic Finance Briefing - Categorized | Funds, New Launches, Property, Projects, Infrastructure more

Mayfair opens UAE ‘distress’ property fund

Posted on 05 August 2009

From Gulf-times.com: A Cayman Islands-based wealth management firm has launched a $50mn Shariah-compliant distressed property fund in the UAE to tap into the country’s suffering real estate sector.
Mayfair Wealth Management expects the fund to deliver an annual return of 12-15% by way of leasing and rental income, the firm said in a statement yesterday………..Full Article: Source

 
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