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Dubai set for first residential Reit amid softening prices

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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.

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