Middle East Gets Its First Hospitality REIT Worth $570 Million

Real estate development and hospitality group FIVE Holdings has launched the region’s first hospitality-focused real estate investment trust  worth $570 Million (AED2.1 Billion). The trust includes the $1.17 billion Viceroy Dubai Palm Jumeirah project, and the Viceroy Dubai Jumeirah Village worth $349 million and is scheduled to launch in 2018….