Thursday, February 21, 2008

Nakheel’s REIT path

Nakheel hopes to raise as much as Dh10 billion creating tradable real estate investment trusts. The revenues will be used to fund new projects; the REITs will be listed in Singapore and Dubai.
The plan is to create two REITs: one for infrastructure with an asset value of between Dh5 billion and Dh6 billion; another for homes with a value of between Dh3 billion and Dh4 billion.

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