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Dubai Investments in process to establish AED 2bn real estate fund

Dubai Investments in process to establish AED 2bn real estate fund
Dubai Investments still in the process to establish a AED 2 billion real estate fund
Dubai Investments
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Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), announced that it is still in the process to obtain the final licences from the Securities Commodities Authority (SCA) to establish a real estate fund valued at AED 2 billion, according to a bourse filing.

In April, managing director and CEO of Dubai Investments Khalid bin Kalban told CNBC that the company was planning to create a real estate fund of AED 2 billion ($544.5 million).

Bin Kalban also noted that the company’s contribution to the fund could range from 40% to 45.