Dubai’s First REIT May List in Emirate Within a Year, DIFC Says
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Emirates REIT, Dubai’s first real-estate investment trust established in November 2010, may list on Nasdaq Dubai within a year, an official at the Dubai International Financial Centre Authority said.
“That could happen easily within one year,” Marwan Ahmad Lutfi, deputy chief executive officer, told reporters at an Islamic insurance conference in Dubai today. Emirates REIT is a joint venture between Dubai Islamic Bank PJSC and France’s Eiffel Management, which is based in the DIFC and governed by the Dubai Financial Services Authority.