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Mubadala to launch REIT Fund in 2019 – CEO

Mubadala to launch REIT Fund in 2019 – CEO
Mubadala Real Estate is a subsidiary of Abu Dhabi's state investment fund Mubadala Investment Co

Abu Dhabi – Mubasher: Mubadala Real Estate, a subsidiary of Abu Dhabi's state investment fund Mubadala Investment Company, plans to launch a REIT (Real Estate Investment Trust) in 2019, CEO Ali AlMheiri has said.

The Abu Dhabi-based developer is currently holding negotiations with three firms from the UAE to strike strategic partnerships with them this year to develop land plots in Al Maryah Island, AlMheiri added during an interview with Al Arabiya Channel.

Mubadala Real Estate and Infrastructure had previously revealed plans to offer office and residential units in Al Maryah Islan during the participation in Cityscape Abu Dhabi 2018.