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EFS real estate fund
- United Arab Emirates: Tuesday, April 25 - 2006 at 07:33
Emirates Financial Services, a subsidiary of Emirates Bank International, has introduced a $20.4m UAE real estate arbitrage and trading fund, called Carnelian I. It is targeting minimum returns of between 25-30% through short term investment in local real estate. The term of the fund is 30 months with an option to extend for two 12-month periods.
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James McInerney, News EditorTuesday, April 25 - 2006 at 07:33 UAE local time (GMT+4)
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