FIVE Holdings launched its AED2.10bn ($570m) real estate investment trust (REIT), the region’s first hospitality focused REIT and the largest to date, in June 2017. The REIT will be regulated by the Abu Dhabi Global Market (ADGM) and Financial Services Regulatory Authority (FSRA).
The FIVE REIT demonstrates FIVE Holdings’ commitment to ensuring our investors continue to share in the success of FIVE and our entrepreneurial approach to real estate development, hospitality, restructuring and investment.
The FIVE REIT includes:
- FIVE Holdings’ AED4.3bn ($1.17bn) FIVE Palm Jumeirah Dubai
- FIVE Holdings’ AED1.28bn ($349m) FIVE Jumeirah Village Dubai, which is set to open in Q4 2018.
Additional projects will be added as they are announced or acquired.