Masdar, a subsidiary of Mubadala Investment Company and one of the world’s leading renewable energy and sustainable real estate companies, has announced the launch of a sustainable real estate investment trust (REIT) – the first “green” REIT to be introduced in the United Arab Emirates.
“This is the first venture of its kind here and offers investors an attractive option to invest in sustainable income-generating real estate assets that are helping to contribute to a greater future for all. Investors are increasingly looking for ‘responsible investments’ and are evaluating companies based on specific environmental, social and governance practices criteria,” said Mohamed Jameel Al Ramahi, CEO, Masdar. “The REIT will contribute to the development and strength of Abu Dhabi’s real estate sector and bring in greater investment from domestic and international investors that want to make a real difference.”
The REIT will have an initial valuation of betw
