Pakistan’s First Successful Launch of a Real Estate Investment Trust-Dolmen City (REIT)—(Shariah Compliant Rental REIT Scheme)

2018 ◽  
Vol 15 (2) ◽  
pp. 129-146
Author(s):  
Fazal Jawad Seyyed ◽  
Salman Khan ◽  
Yasir Mir ◽  
Zeeshan Amir
Keyword(s):  
Real Estate ◽  
Crucial Role ◽  
Real Estate Investment Trust ◽  
Real Estate Investment ◽  
The Real ◽  
The Real Estate ◽  
Real Estate Sector ◽  
Legal Challenges ◽  
Successful Launch ◽  
The Way

It was the start of November 2015. Muhammad Ejaz, the CEO of Arif Habib Dolmen REIT Management Limited (AHDRML), was preparing for a presentation to the Board of AHDRML for the following week. The presentation was to recount the story of Dolmen City REIT (DCR), launched a few months back in June 2015, highlighting the regulatory and legal challenges faced during the process and many lingering issues still confronting this nascent sector. Ejaz realized that the group, as a leading player in the sector, had a crucial role to play in lobbying for further changes in the regulation to pave the way for future launches. More importantly, Ejaz wanted a nod from the Board for launch of a different REIT structure in 2016 to capitalize on the immense opportunity in the real estate sector of Pakistan.

The financial crisis in Kurdistan and its repercussions on real estate investment in Sulaymaniyah

2017 ◽  
Vol 3 (2) ◽  
pp. 604
Author(s):  
Shorsh Qadir Ali ◽  
Yousif Obaid Hama Amin
Keyword(s):  
Financial Crisis ◽  
Real Estate ◽  
Kurdistan Region ◽  
Real Estate Investment ◽  
The Real ◽  
The Real Estate ◽  
Investment Projects ◽  
Surrounding Environment ◽  
Real Estate Sector ◽  
The One

This research aims to explain the financial crisis in the Kurdistan region and its implications on the real estate sector in Sulaymaniyah governorate on the one hand, as well as investigating the causes of the frequency of the financial crisis and its causes, and the presentation of mechanisms and preventive measures for the financial crisis, focusing on the crisis of the real estate sector in Sulaymaniyah Governorate, to determine the implications of the financial crisis on the real estate activity in the province of Sulaymaniyah, and reached research to a set of conclusions that the most important real estate investment in the region was affected by the financial crisis, as the withdrawal of investment projects worth (10) Billions Dollar.  In light of the research proposals were presented a number of recommendations, including the need for radical reforms of the financial system in the Kurdistan region of Iraq and the re-engineering of approved activities in various institutions to ensure that keeping up with the surrounding environment and rapid response to any defect occurs as a result of the country's anticipated exposure to financial crisis.

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