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A’ayan liquidates Dubai real estate portfolio

Kuwait, October 21, 2008

A’ayan Capital Investment Company said it has liquidated its Dubai real estate portfolio with promised maximum returns for its investors.

The acquired land lies in Al Roui’ah district in Dubai, and is in close proximity to the Dubai land project, considerably maximizing the lands’ value.

Launched on December 26, 2006 with a capital of Dh35,156,094 ($9,571,753), the investment portfolio was liquidated on August 28 this year with a return on investment of 70 per cent and an internal rate of return (IRR) of 37 per cent.

A’ayan Capital deputy CEO Hesham Al Obaid said: “Achieving such high anticipated returns is what we always aim to deliver for our customers. The Dubai real estate portfolio is an investment fund that is dedicated to accumulating a portfolio of high quality real estate assets, and delivering the benefits of real estate ownership to unit holders.”

“We are very pleased with the Dubai real estate portfolio’s performance, which is a unique testament to the uniquely designed pioneering portfolios we provide. The high return on investment was based on our calculated market speculations.”

The investors were given opportunity to exit the portfolio either entirely or partially during the month of April 2008, with a return on investment of 40 per cent. Some of the investors exited the portfolio with a 16 per cent of the total value of the portfolio.

Al Obaid said A’ayan Capital has a highly qualified team that seeks the most unique investment and real estate opportunities, achieving maximum returns for the company’s clients with minimal risks.-TradeArabia News Service




Tags: Dubai | real estate portfolio | A’ayan Capital Investment | liquidate |

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