Trust fund
Dubai Holdings’ $584 million REIT surges 10% in IPO debut
The listing on the Dubai Financial Market, oversubscribed last week within minutes, values the trust at approximately $3.9 billion
GIUSEPPE CACACE/AFP via Getty Images
A view of skyscrapers along the Dubai Marina waterfront.
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Dubai Holding’s $584 million residential real estate investment trust jumped 10% on its trading debut today, reflecting the strength of the emirate’s property market in the city’s first IPO of the year.
The listing on the Dubai Financial...