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Saeed Al Qatami, Senior Vice President, Head of Wealth Management, DIB, said:
"Once again we have come to the market with an unique product that has a very popular underlying asset class: real estate. Understanding the interest of our local audience to participate in real estate globally, we felt we could create an opportunity for our investors to diversify their investments by participating in the Capital Protected REIT Notes."
He added: "Capital Protected REIT Notes will not invest directly into specific properties, but rather through Real Estate Income Trust investors get exposure into the US, European & Japanese real estate markets without any significant outlay of capital."
Naveed Ahmad, Head of Investments - Wealth Management, DIB, said: "DIB continues its theme of diversification of products with Capital Protected REIT Notes. This exposure to global real estate via Income Trusts allows the average investor who does not have the time, expertise or financial outlay to invest in this asset class. More importantly, with Capital Protected REIT Notes we have managed to break the psychological barrier and drive the per-investment-value down to US $ 10,000, a level which many retail investors will find well within their reach."
He added: "The capital protection element upon maturity and ability to redeem monthly at the prevailing market value also provides dual benefits: security for the long-term investors and liquidity for those customers who require early redemption."
Posted by Anne-Birte Stensgaard, Senior News Editor
