Dubai: Memoranda of Understanding to Foster Institutional Real Estate Investment
Memoranda of understanding recently entered into by the Dubai Land Department with the Dubai International Finance Centre Authority and Nasdaq Dubai, respectively, aim to facilitate institutional real estate investment in Dubai, and have implications for real estate funds domiciled in the DIFC. In early May 2017, the Dubai International Finance Centre (DIFC) Authority, the governing body of the DIFC, and the Dubai Land Department (DLD) announced a memorandum of understanding (DIFC MoU) that sets out new rules and procedures to facilitate institutional investment in real estate in the Emirate of Dubai (Dubai) by DIFC entities. Read more on: www.forbes.com
Source : Dubai: Memoranda of Understanding to Foster Institutional Real Estate Investment