A good one for...

Gulf Business - - NEWS AND VIEWS -

Dubai-based de­vel­oper SKAI Hold­ings – re­branded as FIVE Hold­ings – launched a Dhs2.1bn ($572m) real es­tate in­vest­ment trust (REIT) that will fo­cus on the hos­pi­tal­ity in­dus­try. The REIT will be reg­u­lated by ADGM and the FSA, and will in­clude FIVE Hold­ings’ Dhs4.3bn FIVE Palm Jumeirah Dubai. Fu­ture projects will also be part of the trust, in­clud­ing the Viceroy Dubai Jumeirah Vil­lage, due to open in 2018.

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