RIYADH: The UAE government-owned renewable energy company, Masdar’s Green REIT’s valuation increased 3.3 percent in its portfolio of commercial buildings to hit 980 million dirhams ($266 million) as of December 2021, according to a statement.
This figure reflects a valuation gain of approximately 32 million dirhams over the financial year.
Masdar Green REIT poses as the first such fund in the UAE to invest solely in sustainable real estate assets.
Further assets valued at approximately 1 billion dirhams have been identified for acquisition this year.