Dubai-Mubasher: Mashreq bank in partnership with Arady Properties launched an investor real estate fund, according to a statement.
The fund will be registered in the Dubai International Financial Centre (DIFC).
The Sharia'h Compliant fund's strategy will be the acquisition of select, income generating, diversified assets across the GCC with a focus on the UAE.
The fund will deploy $300 million of equity paired with debt to acquire assets with strong yielding potential.
Capital raising and the fund road show will commence in the third quarter, and will consist of three, $100 million tranches amongst a maximum of 50 investors.
“The investment vehicle is structured as a six-year, close-ended fund, regulated by the Dubai Financial Services Authority (DFSA),” the statement highlighted.
