Emirates REIT Mulls De-Listing from Nasdaq Dubai Amidst Downturn in the UAE’s Real Estate Sector

Emirates REIT, a Shariah-compliant real estate trust based out of Dubai, United Arab Emirates (UAE), stated it was considering delisting from Nasdaq Dubai in the wake of a decline in the UAE’s real estate sector, as well as poor equity market conditions.

In a statement released on the 19th of July 2020, Emirates REIT stated that prevailing market conditions in the UAE’s public equity markets had led to a large gap between the fund’s share price and its true value, which was unwarranted.

Dubai’s real estate sector has been growing slowly for many years, as weak economic growth along with a continuing oversupply of homes, has impacted the sector’s perform...