Register | Forgot password?
Switch to Arabic
Tuesday, November 10 - 2009
Page navigation Browse related articles

DIFC announces launch of fund targeting investment in UAE's real estate sector

  • United Arab Emirates: Sunday, October 05 - 2008 at 10:32
  • PRESS RELEASE

DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced today it is launching, through its real estate arm, a real estate fund that will invest in Dubai and the UAE's real estate sector.

Article continues below
  • H.E. Dr. Omar bin Suleiman, the Governor of DIFC and Chairman of DIFC Investments.
    H.E. Dr. Omar bin Suleiman, the Governor of DIFC and Chairman of DIFC Investments.
The move reflects the great potential of the UAE's real estate sector which has seen unprecedented growth over the past five years. The segment was the biggest contributor to the UAE's economy last year, accounting for 8% of the country's GDP. It continues to play an increasingly important role in the government's economic diversification policies.

H.E. Dr. Omar bin Suleiman, the Governor of DIFC and Chairman of DIFC Investments said:
"The steady growth of the real estate sector in recent years and the great future prospects provide us with an excellent opportunity to diversify our portfolio. Historically, this sector has netted high returns for investors, and there is a lot room for growth and a lot of untapped potential in this sector, both in the short and longer term."


"Given the global economic environment, our decision to invest heavily in the country's real estate and infrastructure projects will cement our position as a key player in the UAE and provides a great opportunity for diversification."

Ibrahim Belselah, the Head of the Real Estate Division of DIFC Investments said:
"The real estate projects currently underway in Dubai, and the other emirates, are changing the face of the region. Over the next few months, we will announce major investments in various real estate projects that will further enhance Dubai's position as a global hub."
Also consider reading:
Log in to request more information from DIFC

Notes and media contacts

About the DIFC
The Dubai International Financial Centre (DIFC) is an onshore hub for global finance. It bridges the time gap between the financial centres of Hong Kong and London and services a region with the largest untapped emerging market for financial services. In just three years, over 700 firms have registered at the DIFC.

They operate in an open environment complemented with world-class regulations and standards. The DIFC offers its member institutions incentives such as 100 per cent foreign ownership, zero tax on income and profits and no restrictions on foreign exchange. In addition their business benefits from modern infrastructure, operational support and business continuity facilities of uncompromisingly high standards.

About DIFC Investments
Operating under the umbrella of the DIFC, DIFC Investments administers commercial activities such as the operation and management of any current and future subsidiaries, the development of the centre's investment strategy and relevant policies, and any other strategic investments or alliances that will further the goals and objectives of the DIFC and contribute to the fulfillment of its vision. The broad mandate of DIFC Investments also includes responsibility for all non-public administration activities previously carried out by the DIFC Authority, the body of the DIFC charged with developing overall strategy and providing direction and supervision to the centre.

For more information, please contact:
Mamoon Sbeih
Managing Director
JiWin Public Relations
Direct: +971 4 3613580
Mobile: +971 50 4500771

Disclaimer:

Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions