Dubai Financial Market Diversifies into REITs Trading with Listing of Al Mal Capital

Dubai Financial Market (DFM) in the United Arab Emirates has diversified its product offering and asset classes with Real Estate Investment Trust (REIT) trading, via its listing of Al Mal Capital. According to a statement, the listing of REITs on the Exchange broadens the scope of opportunities now available to both domestic and foreign investors.

The REITs trading, which commenced on the DFM on the 18th of January 2021, was highlighted by the Chairman of the DFM, Essa Kazim, who noted the potential for the new asset class to gain momentum in line with REITs’ global growth, which has been gaining traction in recent years.

The UAE joins 35 other countries with active REIT legislations. The DFM’s framework for the listing and trading of its REITs is the cul...