The Dubai International Financial Centre (DIFC) recently announced that it participated in an event highlighting how property funds and real estate investment trusts (REITs) are increasing in popularity and are opening up significant investment opportunities in the real estate sector.
The event was hosted by DIFC and the Dubai Financial Services Authority (DFSA). It focused on showcasing the region’s growth in property funds, including REITs, qualified investor funds (QIFs) and exempt funds.
DIFC believes it can become the main choice for REITs in the Middle East, Africa and South Asia (MEASA) region.
“Having successfully supported our clients to launch property funds and REITs, we are seeing more interest in them,” Arif Amiri, CEO of DIFC Authority, said in a press release. “DIFC’s proven and trusted legal and regulatory environment supports real estate as an asset class and its growth potential will play an integral role in the delivery of our 2024 strategy.”
DIFC said that is partnering with numerous clients interested in issuing REITs and an additional number that seek to establish QIFs and exempt funds. These have potential to be converted to REITs.