Mayfair Wealth Management, based in the Cayman Islands, will launch a $50m UAE distressed property fund on 1 August to capitalise on falling real estates prices in the country.
The fund aims to generate returns of between 12 and 15 per cent.
The fund, called Real Estate Musharakah Notes (REMNotes), will buy completed properties in the UAE and earn profits by improving rental yields and trading.
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