Dubai Investments, listed on the Dubai Financial Market (DFM), announced that it is still in the process to obtain the final licenses from the Securities Commodities Authority (SCA) to establish a real estate fund valued at AED 2 billion, according to a bourse filing.

In April, managing director and CEO of Dubai Investments Khalid bin Kalban told CNBC that the company was planning to create a real estate fund of AED 2 billion ($544.5 million).
Bin Kalban also noted that the company’s contribution to the fund could range from 40% to 45.

-Mubasher