Mayfair Wealth Management (MWM) has extended the subscription deadline for its ‘Real Estate Musharakah Notes’ (REMNotes), a Shariah-compliant distressed property fund worth $50 million in the UAE, until October 29.

Taking advantage of the correction in real estate prices, ‘REMNotes’ is expected to deliver an annual return of 12 to 15 per cent to investors by allowing them to participate in the acquisition of strategically sourced undervalued properties in the UAE.

Based on the Shariah principles of ‘Musharakah’, ‘REMNotes’ gives investors an opportunity to invest in the UAE real estate market in a more secured manner while earning above average returns through future sales and long-term and short-term leasing of the properties.

Available to individual, joint or corporate investors for a minimum investment of $25,000, the property fund and its progress can be monitored through the semi-annual reports to be published by MWM and distributed to investors.

MWM has partnered with E-valuations Chartered Surveyors, a Dubai-based valuation firm certified by the Royal Institution of Chartered Surveyors (RICS), and Mayfair International, a global property consultancy firm from the UK, which will ensure that the properties acquired are efficiently managed and will yield excellent returns.

“We have made a decision to extend the subscription deadline after seeing the massive attention and demand ‘REMNotes’ has garnered across the region, with many individuals and companies still expressing their intent interest to invest,” stated Amani Choudhry, CEO, Mayfair Wealth Management.

“The region-wide response to ‘REMNotes’, especially from Bahrain and the UAE, has been truly encouraging. We believe that some of the primary driving factors for the growing appeal of ‘REMNotes’ is its Shariah compliancy, spread of risks, high returns, accountability and transparency,” added Choudhry.

In addition to ‘REMNotes’, the leading financial and investment advisory firm also offers a range of core services, including development of Islamic products and services, financial analysis and modelling, and Shariah-compliant trade and project financing, among others.

MWM’s programs are designed to allow investors to ‘hedge’ cash by investing in hard assets such as shares, commodities, bonds, properties, and currencies in developed and emerging markets, thereby giving them an opportunity to achieve strong capital gains while protecting them from currency devaluation and inflation.-TradeArabia News Service