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Al Mazaya Holding Co. (K.S.C.) Holding is a Kuwaiti shareholding company working in the field of real estate development. The company has a capital of 45,406,980KD which is equivalent to $171million.
 Mazaya provides comprehensive kinds of real estate products and services in several fields. Amongst them are housing projects, high class residential buildings and commercial projects such as office and retail buildings.
 Al Mazaya Holding Co. K.S.C.C. is offering investors the opportunity to subscribe for units(each a ‘Unit’ and together, the “units”) in the Mazaya UAE Real Estate Portfolio (under establishment), an exempted closed-ended investment portfolio designed to permit prospective investors to participate in a professionally managed portfolio of real estate related investments in areas of United Arab Emirates(UAE).

The Portfolio will target a compound annual internal rate of return over the term of 15%-17%, net of all incentives and other fees paid to the placement agent, the manager, the administrator and the custodian and all fees, costs or expenses paid to the auditors, its legal counsel and professional or other advisers (including fees payable to the Sharia’a committee) and any applicable costs to unit holders. The portfolio will seek to achieve these returns by investing in the real estate markets of the UAE, which will include properties near completion as well as completed, based on the Manager’s view on which properties are poised for increase in occupancies and rents. The Portfolio may invest either (a) on a stand-alone basis or in partnership with local operating companies and (b) on an in-direct ownership basis through a lease (ljara) or other Sharia’a compliant contractual structures.
The Portfolio expects to hold each investment for a period of three to five years. However, based on the manager’s view pertaining to rental yields as well as capital gains, the hold period could vary. There can be no assurance that the portfolio will achieve its investment objective, including it target returns to unit holders.

The portfolio is seeking up to US$100 million in aggregate capital commitments from qualified investors for the purchase of the units. The portfolio will hold its initial closing as soon as possible after the manager accepts subscriptions for capital commitments totaling at least US$ 20 million (exclusive of Mazaya’s commitment). Staged closings for subsequent capital commitments may be held at any time within six months after the date of the initial closing.

Al Mazaya Holding – UAE

P.O.Box 116488
Dubai, 8th Floor
Gate Building at DIFC
(Dubai International Financial Centre)

Phone: (+971) 4 362 1110
Fax: (+971) 4 362 1109
Web: www.mazayarealestate.com
 

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