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After Dh897m loss, Dubai property fund Emirates REIT cuts management fees by 20%


Dubai: After taking a Dh897 million loss for 2020, the Dubai-focussed real estate fund Emirates REIT is pinning hopes on a quick turnaround this year. The losses were brought on by an “unprecedented” markdown in the value of its investment properties.
Emirates REIT also confirmed it will be cutting its management fees by 20 per cent from this quarter all the way up to end of the year, which will be of some relief to the fund’s clients. The fund manages the GEMS Academy campus as well as the Index Tower at DIFC, one of the signature high-rises in that free zone. ....

United Arab Emirates , Houlihan Lokey , Sylvain Vieujot , Index Tower , Image Credit , Abdulla Al Hamli , Executive Deputy Chairman , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஹொலின் லோக்கெய் , குறியீட்டு கோபுரம் , படம் கடன் , நிர்வாகி துணை தலைவர் ,