SUBSCRIBERS
Dubai set for first residential Reit amid softening prices
Published Tue, Oct 6, 2015 · 09:50 PM
Dubai
EMIRATES Reit (CEIC) Ltd plans to start Dubai's first residential real estate investment trust as falling property prices boost potential returns from rental income.
The new trust is expected to start operating later this year or early in 2016 depending on regulatory approval, Sylvain Vieujot, executive deputy chairman of Emirates Reit, said in an interview on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds
Abu Dhabi developer Aldar posts 88% in Q1 leap
Without a game changer, Sentosa Cove condos will continue underperforming
Church to tackle US housing crisis