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Dubai Land Department launches Real Estate Investment Opportunities (REIOs) Including Ethis Dubai Pr

Administrator | Kamis, 11 Juli 2019 - 13:19:37 WIB | dibaca: 342 pembaca

Dubai Land Department (DLD) announced a slew of new initiatives to facilitate investment, as part of the Real Estate Investment Opportunities (REIOs) initiative. The initiatives came at a time when the Dubai property market is at an upswing, and is expected to further boost the market. This initiative is a first step towards establishing robust platforms that enable innovative investment solutions that make it easy and engaging for local and international investors.

MOUs were signed with investment companies and platforms including Ethis Dubai, part of the Ethis Group of Crowdfunding platforms, headquartered in Singapore. Ethis Dubai also signed an MOU with MAG Development, the first such agreement between a developer and an REIO group investment company.

When operational, Ethis Dubai will be the first investment platform that focuses on under-construction projects. Investors will be able to invest alongside property developers into their ongoing projects, and gain returns from the eventual sale and payment of units. The DLD and Real Estate Regulatory Agency (RERA) will provide facilitation and support to enhance the investor experience and organise project escrow accounts for added security.

“The Dubai government is at the centre of innovation and emerging models business. This initiative will further open up of the Dubai property market with investors now able to profit like property developers”, said Mohamed Al-Aidaroos, the Chairman of Ethis Dubai. Together with CEO Awais Akhtar Butt, they have more than 20 years of high-level experience in the Dubai property market. While this is Ethis first corporate move into the Middle East, Ethis had prior to this received support from the Dubai government. In 2016, Ethis was an awardee of the prestigious Islamic Economy Award from Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai. Last year, Ethis received the Dubai Expo 2020 Innovation for Impact Grant.

Datuk Mohd Radzif, the Chairman of the Ethis Group, adds, “We are excited at the prospect of Dubai property for our global investor base. We are also thankful to the Dubai government for their past support. We have grown in strength since then, and have big plans for Ethis Dubai.” 

(rls/pp)










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