Emirates bank and belgravia move in on the uae property market
Emirates Islamic Bank has teamed up with Belgravia Asset Management to launch the first Shariah-compliant property fund that will invest in the residential and commercial real estate markets of the UAE. The product will launch with $65m of proprietary capital. The initial focus for the fund is to invest into the Dubai, Abu Dhabi and Sharjah real estate markets, specifically the low to mid-priced residential market and quality office buildings. Initially, it is hoped the fund will attract the interest of HNWIs but a retail version that has a lower minimum investment is planned for the ...
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