المادة 10: Types and Objectives of Real Estate Investment Funds

Article 10: Types and Objectives of Real Estate Investment Funds

a) Closed-ended real estate investment funds, which operate according to the following:

1. Initial Development then Selling: This is achieved by owning a piece of raw land, developing it, dividing it into residential or commercial plots, then selling it and terminating the fund.

2. Constructional Development then Selling: This is achieved by owning a piece of raw or developed land with the purpose of constructing residential or commercial units, then selling it and terminating the fund.

3. Initial or Constructional Development with the intention of leasing it for a certain period of time then selling it and terminating the fund.

4. Owning real states that are constructionally developed with the intention of leasing it for a certain period of time then selling it and terminating the fund.

5. investing in constructionally developed real estates, able to generate periodic and rental income

b) Funds with other types or purposes, other than those specified in paragraph (a) above, may be established, after fulfilling the conditions and requirements that the Authority deems necessary.