Emirates REIT, the UAE’s first regulated Shari’a-compliant real estate investment trust incorporated in the Dubai International Financial Centre (DIFC), has been selected to join the FTSE EPRA/NAREIT Global Emerging Index.

The FTSE European Public Real Estate Association (EPRA) / National Association of Real Estate Investment Trusts (NAREIT) Global Real Estate Index Series, launched in 2008, covers the world's largest investment markets and includes a range of indices covering emerging and developed markets.

The FTSE EPRA/NAREIT Global Emerging Index is designed to track the performance of listed real estate companies and REITs in emerging markets. The index constituents are adjusted for the size of their free-float and are therefore suitable for index tracking funds, derivatives and exchange traded funds and as a performance benchmark.

Emirates REIT is the fourth UAE company to join the index after Emaar Properties, Aldar Properties and RAK Properties.

“Admission to the FTSE EPRA/NAREIT Global Emerging Index further enhances the visibility of Emirates REIT, and is testament to the recognition of the REIT by players in the international financial markets,” said Magali Mouquet, executive director, Emirates REIT Management.

“Inclusion in the index will further support the development of the stock as investors buy the index constituents to build and run a range of investment products.” – TradeArabia News Service