{"id":29661,"date":"2016-10-12T21:33:36","date_gmt":"2016-10-12T14:33:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=29661"},"modified":"2016-10-12T19:51:32","modified_gmt":"2016-10-12T12:51:32","slug":"rak-clears-equitativa-to-invest-onshore-in-emirate","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rak-clears-equitativa-to-invest-onshore-in-emirate\/","title":{"rendered":"RAK clears Equitativa to invest onshore in emirate"},"content":{"rendered":"


\nThe company behind the UAE’s first real estate investment trust (Reit) is finalising plans for a series of new funds after the Government of Ras Al Khaimah allowed it to invest in onshore property in the emirate. According to Equitativa Real Estate, the umbrella company that owns the Reit manager for Nasdaq Dubai-listed Emirates Reit, Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, has issued a decree allowing current and future \u00adReits and other collective investment funds that it manages to invest in Ras Al Khaimah. The Emiri Decree, which is similar to one issued by the Dubai Government in February 2013, allows property funds managed by Equitativa to own onshore real estate in Ras Al Khaimah. The decree is “subject to some conditions including that at least 51 per cent of the shares of the Reit shall at all times remain owned by UAE or other GCC nationals”, Equitativa said.The company, which recently set up an asset management branch in Abu Dhabi’s new fin\u00adancial free zone Abu Dhabi Global Market, said it was working on launching a number of new specialised Reits focused on the UAE and the wider Middle East. Emirates Reit shares were unchanged yesterday at US$1.11.Sylvain Vieujot, Equitativa’s chairman, told The National that the company was actively looking to buy schools, hotels, industrial property and housing in RAK, which it would be likely to sell into one of its new real estate vehicles. “The RAK property market is not large enough to warrant a separate vehicle by itself but we would be keen to set up separate Reits for different asset classes,” he said. “At the moment all of our property is located in Dubai but it is our intention to focus not just on Dubai but across all of the emirates.”Reits are common in other parts of the world, where they are often sold to investors as a way of putting money into the property market without the difficulties of direct investment. Reits buy properties such as large office buildings and shopping centres, manage them and distribute the rental yield to investors. Most are publicly traded. Emirates Reit was created in the 2010 trough of the Dubai property market and became the first Sharia-compliant Reit to be incorporated at the Dubai International Financial Centre. It owns nine properties, mostly offices and schools all in Dubai. Despite a strong appetite from investors to put cash into Dubai’s property market, the Reit sector in the Middle East has historically struggled to take off, held back by a shortage of investment-grade office space attractive to such institutional investors. But since Emirates Reit was floated six years ago, more and more companies are looking to enter the sector. Last year the Moroccan government passed legislation allowing Reits to operate and the vehicles form a key part of Saudi Arabia’s National Transformation Plan, which is currently being implemented. The property arm of GFH Financial Group and London-listed investment company Rasmala have announced an intention to set up Reits in Dubai.”The UAE has historically set the benchmark for investment activity in the region,” said Faisal Durrani, the head of research at Cluttons. “I think in terms of Reits there is a perception that the availability of Reits sends out a strong message that the country is open for investment and provides a boost for foreign direct investment, which is easy to replicate and particularly welcome at a time of low oil prices.” “In the UAE, we are seeing more investment-grade stock being built and RAK does have a number of high quality hotels with international operators as well as schools, which are of interest across the UAE due to the shortage of school places.”lbarnard@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…RAK clears Equitativa to invest onshore in emirate<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The company behind the UAE’s first real estate investment trust (Reit) is finalising plans for...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-29661","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7Ip","jetpack-related-posts":[{"id":29677,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ras-al-khaimah-clears-equitativa-to-invest-in-onshore-property-in-emirate\/","url_meta":{"origin":29661,"position":0},"title":"Ras Al Khaimah clears Equitativa to invest in onshore property in emirate","date":"October 12, 2016","format":false,"excerpt":"\r The company behind the UAE's first real estate investment trust (Reit) is finalising plans for a series of new funds after the Government of Ras Al Khaimah allowed it to invest in onshore property in the emirate. According to Equitativa Real Estate, the umbrella company that owns the Reit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":29673,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ras-al-khaimah-clears-equitativa-to-invest-in-emirates-onshore-property\/","url_meta":{"origin":29661,"position":1},"title":"Ras Al Khaimah clears Equitativa to invest in emirate's onshore property","date":"October 12, 2016","format":false,"excerpt":"\r The company behind the UAE's first real estate investment trust (Reit) is finalising plans for a series of new funds after the Government of Ras Al Khaimah allowed it to invest in onshore property in the emirate. According to Equitativa Real Estate, the umbrella company that owns the Reit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/emirates-reit-reports-lower-profit-as-value-of-portfolio-matures\/","url_meta":{"origin":29661,"position":2},"title":"Emirates Reit reports lower profit as value of portfolio matures","date":"February 27, 2017","format":false,"excerpt":"\r Emirates Reit has reported a 22 per cent drop in profit for 2016 to US$47.8m compared with $61.5m a year earlier, mainly because gains in the value of its property portfolio were not as high in 2015.Overall, the company recorded a 22 per cent increase in total income from\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":42987,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uaes-first-residential-reit-launched\/","url_meta":{"origin":29661,"position":3},"title":"UAE's first residential Reit launched","date":"February 6, 2017","format":false,"excerpt":"\r The UAE's first residential real estate investment trust (Reit) has been established to tap improving yields after two years of price declines.The company behind Emirates Reit has teamed up with Al Hamra Real Estate Development and National Bonds to create the investment trust that will comprise about 500 homes\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":161262,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ras-al-khaimah-real-estate-ellington-properties-expands-into-emirate-with-soto-grande-residences\/","url_meta":{"origin":29661,"position":4},"title":"Ras Al Khaimah real estate: Ellington Properties expands into emirate with Soto Grande residences","date":"September 19, 2025","format":false,"excerpt":"\r The project comes as Ras Al Khaimah emerges as one of the UAE's fastest-growing property markets\r \r Source : arabianbusiness.com\r Read more...Ras Al Khaimah real estate: Ellington Properties expands into emirate with Soto Grande residences","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/09\/Ellington-Properties-unveils-Soto-Grande-a-new-residential-landmark-in-Al-Hamra-Ras-Al-Khaimah-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":164389,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/ras-al-khaimah-real-estate-adnh-launches-817m-branded-residences-with-marriott-on-al-marjan-island\/","url_meta":{"origin":29661,"position":5},"title":"Ras Al Khaimah real estate: ADNH launches $817m branded residences with Marriott on Al Marjan Island","date":"November 10, 2025","format":false,"excerpt":"\r ADNH launches $817m Luxury Collection Residences with Marriott on Al Marjan Island in Ras Al Khaimah, marking its debut in emirate The post Ras Al Khaimah real estate: ADNH launches $817m branded residences with Marriott on Al Marjan Island appeared first on Arabian Business: Latest News on the Middle\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/11\/Abu-Dhabi-National-Hotels-Ras-Al-Khaimah-Real-Estate-Al-Marjan-Island-Marriott-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29661"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=29661"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/29661\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=29661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=29661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=29661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}