I have one question, if any one from the team can answer. I have been reading up on REITs in UAE (where the first AUM for Global REIT will be purchased) and it mentions about several things that brought up my curiosity.
1. Is the first AUM asset going to be in the Freezone? I know it's on the Palm but not sure if that's part of the freezone. If not, does that mean Global REIT purchasers are also Gulf citizens and on Global REIT team?
2. Will Global REIT also be listing shares at some point on a stock exchange like the other REITs there?
Hi, leea-1334.
Thanks for your interest in GlobalREIT.
1. Palm is not part of the free zone. Contributors to the GlobalREIT project can be Gulf citizens, since project is Shariah compliant. But of course, not restricted to other nationalities (only USA citizens can't participate).
2. Currently, project is in the public ICO phase, so team is focused on that. All important updates are shared in the
Telegram group so I invite you to join there and stay updated on the news.
If you wish to contribute to the project, you can do it
here. There is a 5% bonus still available.
Thank you for the reply, yes I am already in the Telegram group so I do enjoy reading there, but I am actually more active in this forum and prefer seeing this kind of discussion thread that is more organized
Telegram posts updates, and I like asking questions that everyone can refer to and hopefully also attract new supporters from BitcoinTalk, don't you agree? I can of course post questions there but only Telegram members can see it
Perhaps you misunderstood my first question. My question on Palm is not about the token sale, just about the ownership of the property (because outside the freezone, only Gulf citizens can own property) so I am just wondering if the owners are the same as Global REIT management.