The Dubai Financial Market (DFM) has published the rules on listing and trading of investment funds and real estate investment trusts (REITs).
The Dubai stock market has set such regulations, which have been approved by the Securities and Commodities Authority (SCA), pursuant to international best practices.
The new regulations lay the foundations for the launch of a REITs platform in the coming months, the DFM revealed in a statement on Tuesday.
“As we officially publish these regulations, we are concluding our preparations for this significant step within the context of our 2021 strategy, which aims to diversify product offerings, providing various market participants with new investment opportunities,” DFM’s chief operating officer Hassan Al Serkal commented.
He added that the Dubai bourse was at an advanced stage of talks with a potential issuer to list their REIT once they receive the SCA’s approval.