
Dubai Investments in process to establish AED 2bn real estate fund
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