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Wednesday, 13 July 2011 04:06

Dubai REITs were introduced by the Investment Trust Law (DIFC Law No. 5/2006), and the  RM35/2006 Investment Trust and REITS Rules Instrument (2006), that permitted the operation of REITs within the DIFC (Dubai International Financial Centre - a Free Zone that opened in 2004 to attract institutions from around the world). At least 80% of the net income must be paid out as dividends, and majority control / shares must be held by members of the GCC: Bahrain; Saudi Arabia; Kuwait; the United Arab Emirates; Oman; and Qatar.

Last Updated on Wednesday, 28 September 2011 04:28