Dubai Land Department (DLD) has launched the Real Estate Investment Opportunities (REIOs) initiative, aiming to attract more investors from all economic sectors, Invest-Gate reports,

Revealed during a press conference held on July 1, this project was adopted as a catalyst for Dubai’s real estate sector, based on the outcomes of the Innovation Lab 2018. A feasibility study was conducted before the official launch, and the most prominent international experiences and local and global practices were reviewed.

Besides, a special committee was formed to follow up and further promote the initiative, and “a law is currently being drafted for real estate investment portfolios, but it is still under accreditation and review by the concerned parties.”

Under the initiative, several important investment products will be launched, most notably the collective real estate investment funds, partial title deeds procedures to register units owned by a number of partners, the lease-to-own system, and investment portfolio applications.