The new regulations are in line with Dubai Financial Market (DFM)’s 2021 strategy which aims to diversify product offering and provide market participants with new opportunities.
The DFM has published the rules on listing and trading of investment funds and real estate investment trusts (REITs).
In a statement, the DFM said that the Dubai stock market has set such regulations with approval from Securities and Commodities Authority (SCA) in pursuant of international best practises.
This will pave way for the launching of DFM’s REITs platform during the next months.
Hassan Al Serkal, COO and Head of Operationa Division of DFM, said that currently the Dubai stock market is at an advanced stage of discussions with a potential issuer to list their REIT.