Sama Dubai, the investment arm of Dubai Holding, and the "UAE Bank Group" have announced floating a USD 5.9 billion Fund to invest realties in the UAE and the region in general.
A statement released by "Sama Dubai" said the Real Estate Financing Fund's procedures will be further completed in the coming decade.
This Fund will work on funding sub-funds to lure investors, it added. Each fund will be directed to finance one of the projects which "Sama Dubai" puts in action at the domestic, regional and international levels.
Links:
[1] http://www.albawaba.com