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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
Rulebook Modules
Collective Investment Rules (CIR) [VER25/07-19]
Sourcebook Modules
Consultation Papers
Policy Statements
DFSA Codes of Practice
Amendments to Legislation
Media Releases
Financial Markets Tribunal

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  • CIR 13.5.4

    (1) A Fund ManagerG of a Public REITG must ensure, subject to (2), that any investment made in respect of property under development whether on its own or in a joint venture is undertaken only where the REITG intends to hold the developed property upon completion.
    (2) The total contract value of the property under development in (1) must not exceed 30% of the net asset value of the Fund PropertyG of the Public REITG .
    Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
    [Amended] DFSA RM218/2018 (Made 22nd February 2018) [VER23/12-18]

    • CIR 13.5.4 Guidance

      For the purposes of CIR Rule 13.5.4, the DFSAG would not consider property development activities to include refurbishment, retrofitting and renovation.

      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]