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'Dubai's real estate boom has attracted local, regional and international investors into the burgeoning property market,' said Ghosaini.
'The DIFX will provide a perfect platform for developers and real estate investors to raise capital by utilizing a multitude of fund raising tools currently available. Such tools, which include debt and equity products, can help real estate companies expand their operations or finance projects in a more effective manner.'
The DIFX opened on September 26th, 2005 with five listed securities. These are structured products issued by Deutsche Bank, which cover the US S&P 500, the German DAX 30, the Japanese Nikkei 225, the EuroStoxx 50 and the Stoxx 50.
The DIFX aims to become the leading exchange in its region for equities, bonds, funds, Islamic products and other securities. It will be a gateway for international and regional investment.
'Being involved in an economically strategic sector which is contributing in a positive manner to Dubai's economy, DPG's management and members gained insight into the legal and operational aspects of DIFX and knowledge on how this international capital market is uniquely positioned to help real estate industry grow,' commented Adel Lootah, Executive Director of Dubai Property Group.
Independent of favor or influence, DPG represents the combined interests of Dubai's real estate community. The Group's 100 members include some of the highest profile real estate players in Dubai, such as the Dubai Development Board, Cluttons chartered surveyors and property consultants, Arenco Real Estate, Union Properties PJSC, Better Homes LLC and facilities management firm Asteco Property Management LLC.
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Posted by Anne-Birte Stensgaard, Senior News Editor
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