動画公開日：2024-09-05 09:00:58
In pursuant to article 10(1)(d) of the law, the Cabinet Decision No. 81 of 2023 was issued and it requires that the Real Estate Investment Trust (REIT) should have real estate assets, excluding land, valued at over AED 100 million; at least 20% of its share capital must be listed on a recognized stock exchange, or it should be wholly owned by two or more institutional investors as specified in Article 5 of Cabinet Decision No. 81 of 2023, ensuring that at least two of these investors are not related parties; additionally, the REIT must maintain an average real estate asset percentage of at least 70% during the relevant Gregorian calendar year or the applicable 12-month period for which financial statements are prepared.
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