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Bank of Sharjah sets up $200m real estate fund

Varouj Nerguizian, executive director and general manager of Bank of Sharjah has announced plans by the lender to launch a $200m (Dhs734m) fund next month to tap the UAE real estate sector, Emirates Business has reported. "There are a lot of opportunities that are coming up. Prices have become very reasonable and if we buy properties today, we can make a lot of money from it in three to five years' time, he said.

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