The number of foreign-owned shares in 6 real estate companies listed in the UAE market rose to nearly 8.4 billion shares, with a value of 21.2 billion dirhams, as of December 9, 2020.
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According to the Emirates News Agency, the big jump in the number and value of shares owned by foreigners in real estate companies came after the strong rises in the prices of these companies, especially during the past few months. Spur investment in its shares.
and most of the companies listed in the financial markets allow foreigners to own up to 49% of the capital, including real estate companies, which are among the most active companies in the market.
According to the statistics issued by the financial markets, foreign ownership of the capital of Emaar Real Estate Company until the date of December 9 this year reached 2.54 billion shares, which constitutes 35.51% Almost out of the total number of the company’s shares amounting to 7.159 billion shares, and the market value of shares owned by foreigners in Emaar Properties reached 8.86 billion dirhams during the monitoring period.
As for foreign ownership in the Aldar Real Estate Company listed in Abu Dhabi Securities, it reached 2.083 billion shares, representing 26.5%, and the market value of these shares reached 7.862 billion dirhams On December 9.
The number of shares owned by foreigners in DAMAC Real Estate Company reached 2.046 billion shares, constituting 33.825% of the total capital of the company, and its market value reached nearly 2.9 billion dirhams .. while it reached The number of foreign shares in Emaar Development Company is 304 million shares, with a market value of 872 million dirhams.
In terms of foreign ownership in Union Real Estate Company, the number of shares belonging to them reached 1.032 billion shares, with a market value of 299 million dirhams .. while it amounted to Deyaar Development Company Al-Aqari 419 million shares, with a market value of 121 million dirhams.
It is expected to increase the percentage of foreign ownership in real estate companies, especially in light of the continuation of their strong ascendancy march to reach new price levels during the coming period.
