Legislative moves to introduce a Real Estate Investment Trusts (REIT) under the jurisdiction of the Dubai International Financial Centre (DIFC) are reportedly underway by the Dubai Financial Services Authority (DFSA), the independent regulator of the DIFC.
"The proposed Investment Trust Law introduces a new investment vehicle for use by Funds to facilitate the establishment and operation of Real Estate Investment Trust (REITs) products," said DFSA's CEO, David Knott, according to Khaleej Times.
Continue reading New Law to Introduce REITs to Dubai
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