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DUBAI-Regulators have introduced the first REITs in the MiddleEast with immediate effect and at the same time published aconsultation paper on new property ownership proposals.
"In many of the world's major capital markets, REITs have becomethe most favored method for attracting public ownership in propertyinvestments. They provide a convenient form for listed and tradableproperty ownership with transparent pricing and liquidity," DavidKnott, chief executive of Dubai Financial Services Agency, says ina statement.
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