In line with our long-term growth strategy, Deyaar recently launched its new Fund Management division that will identify and benefit from the acquisition of distressed real estate assets, both in the UAE and the wider region.

At a time when several prime real estate assets in the market are priced attractively, Deyaar is in a strong position to add value and generate significant benefits for its investors through a fund mechanism. This fund will focus on three core asset classes: land for real estate development, buildings under construction and property already handed over.

The Fund Management division will initially start with two products. The first is a Deyaar property fund, which will aim to invest on a capital guarantee basis and will focus exclusively on real estate assets in the UAE.

The second fund will invest in real estate assets across the wider Middle East and North Africa region and will work with the objective of taking advantage of distressed assets across the three asset classes.

At Deyaar, we are ultimately committed to not only safeguard our company in a period of market downturn but also to actively benefit from the emerging opportunities at such times. The fund services division at Deyaar will create additional value for our investors and shareholders, who will eventually benefit from the returns generated by the fund.