25.11.2010 - Dubai Islamic Bank to launch property investment trust
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
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