Dubai introduces new investment products to spur real estate sector growth
The Dubai Land Department (DLD) yesterday announced new initiative the Real Estate Investment Opportunities (REIOs) to boost the emirate’s real estate sector.
The media office of the government of Dubai said “several” investment products will be launched under the REIOs initiative, most notably the collective real estate investment funds, partial title deeds procedures to register units owned by a number of partners, the lease-to-own system, and investment portfolio applications.
Majid Saqr Al Marri, CEO of the Registration and Real Estate Services sector at DLD, said regarding the partial title deeds project, that a "unified system means equal ownership of properties between 2 – 4 investors, and will initially be available for hotel facilities."
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