![Abu Dhabi, United Arab Emirates; January 15, 2020: 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 UAE.
The REIT was launched at Abu Dhabi Sustainability Week (ADSW), by HE Ahmed Ali Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market (ADGM), Khaled Al Qubaisi, Chief Executive Officer of Aerospace, Renewables & ICT at Mubadala Investment Company, and Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar. The REIT will have an initial valuation of between AED950 million (US$258.7 million) and AED1 billion. Courtesy Masdar](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/UDH2WWPLGVANQNE3BQX36UGHYA.jpg?smart=true&auth=17bb2cfc9d18b501edb7ef79aa9063985544a95c94828193f3a0169550170fbe&width=400&height=225)
Masdar launched the first ‘green’ REIT in the UAE. Courtesy Masdar
Masdar launched the first ‘green’ REIT in the UAE. Courtesy Masdar
Masdar launches Dh1bn 'green' real estate investment trust
The first-ever sustainable Reit in the UAE will offer investors options to invest in properties with low carbon footprint