Rasmala set to launch AED 1 billion real estate fund in 2017
Wednesday 22 February 2017
Zak Hydari was recently quoted in an Al Bayan article. The article reports that Rasmala is planning to launch a AED 1 billion UAE-focused real estate fund (AED 500 million equity + AED 500 million debt) in the second half of 2017. The piece adds that the group is working on individual deals in H1 that are similar to the DIP transaction last year. The fund is set to be diverse, focusing mainly on residential, commercial and logistics
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