(From Gulf News)
Byline: Staff Report
The National Investor announced its Emirates Real Estate Fund has acquired the future cash flows of 27 Abu Dhabi residential properties developed by Al Ahmadain General Contracting Co.
The Sharia-compliant transaction worth Dh19 million represents the fund's second major investment in the burgeoning Abu Dhabi real estate market.
The fund was the first of its kind to be approved by the UAE Central Bank when it was launched in 2003 and its current size stands at Dh114 million, with major GCC institutions among its unit holders.
With this latest transaction, the fund's portfolio now stands at 63 …