Dubai –Mubasher: Equitativa Real Estate Limited, the parent company of Emirates REIT Management, has been granted an exclusive Emiri decree allowing current and future Real Estate Investment Trusts (REITs) and other investment funds to invest in Ras Al Khaimah, according to a statement.
The decree allows REITs and property funds managed by any licensed subsidiary of Equitativa to own to own onshore real estate in Ras Al Khaimah.
The company said that the decree is subject to some conditions, including that at least 51% of the REIT's shares shall at all times remain owned by UAE or other GCC nationals.
