ADGM Real Estate Funds

Real estate funds ("REF") and real estate investment trusts ("REIT") are currently a topic on everyone's agenda given the introduction of new regulations aiming to attract more foreign capital to the industry as part of the Government's plan to strengthen the United Arab Emirates position as a global destination for real estate investments.

This article provides a summary of the set up of REFs / REITs in the ADGM (the "Fund(s)").

1. Applicable ADGM rules and regulations

The ADGM rules and regulations applicable to the Funds are as follows:

1. Financial Services and Markets Regulations 2015 (the "FSMR").
2. Fund Rules VER06.250521 (the "Fund Rules").
3. Conduct of Business Rules VER11.080222 (the "COBS").