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Al Islami French Property Fund
Dubai Islamic Bank has created this fund after diligent study and thorough analysis of the investment portfolio and the expected returns. The fund investors are ensured of above-average returns in the form of investment yields and capital appreciation on prime properties in France.
Product Features
Investment Universe: Four high-quality, stabilized commercial and/or development properties in Paris let to major tenants wih strong credit ratings.
Fund Type: Closed-ended Fund
Fund Launch Date: May 2004
Investment Details
Total Portfolio Value: Euro 179 million
Total Equity Offering
(Fund Size): Euro 30 million
Minimum Investment: Euro 100,000 per investor
Holding Period: 4.5 - 6 years
Expected Return: 8.00% p.a. distributed semi-annually
Expected IRR: 11.00%
Base Currency: Euro
Investment Managers
Fund Manager: Dubai Islamic Bank PJSC, Dubai.
Investment Manager: Gulf Finance House, Bahrain.
Asset & Property Manager: Knight Frank, France & L'Etoile, France.
Exclusive UAE Distributor: Dubai Islamic Bank PJSC, Dubai.
Sharia Advisor: Dubai Islamic Bank PJSC, Dubai.