Call us on
+44 (0) 207 045 0920

Middle East

Masdar to Launch UAE’s First Green REIT

Abu Dhabi-based renewable energy firm Masdar said this week that it plans to launch a sustainable real estate investment trust (REIT) and list the instrument on the Abu Dhabi Global Market.

REITs have struggled to take off in the UAE, partly due to a slump in the market

Jan 16, 2020 // 11:00AM

Masdar is targeting an initial valuation of between AED950mn (approx. USD259mn) and AED1bn for the REIT, it said in a statement, and will initially include up to four properties located in Masdar City, a multi-billion-dollar city located near the Abu Dhabi International Airport and billed as one of the world’s “most sustainable” low-carbon developments.

REIT’s are intended to give investors exposure to a broad group of real estate assets, but their popularity has not matched the hype in recent years, due largely to a multi-year property market slump in some of the GCC’s largest economies – namely the UAE and Saudi Arabia.

In the UAE, there are currently two listed REITs — Emirates REIT and ENBD REIT, both of which are Sharia compliant and listed on Nasdaq Dubai.

Middle East Bips & Pieces Sustainable Finance Infrastructure

Companies mentioned in this article

Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.

Recommended Stories