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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.

"When we looked at residential before, it was expensive," he said…

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Property

Property

Dubai set for first residential Reit amid softening prices

Property

CDL unit sells 65 units at The Residences at W Sentosa, more than the 58 marketed last week

US single-family housing starts plunge in March

Data gaps, privacy needs of the rich make anti-money laundering checks tough, say agencies

CDL unit markets unsold units at The Residences at W Sentosa at 40% less than 2010 launch price

China developers slash prices by 40% at luxury Hong Kong apartment project

URA awards Zion Road, Upper Thomson sites to sole bidders at lower-than-expected offers

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