ENSeC
Emirates National Securitization Corporation
Island Capital Group is a founding shareholder of Emirates National Securitization Corporation (ENSeC). Our company served as the exclusive advisor to the Government of Dubai in the organization and development of ENSeC, which works with government entities and local banks in Dubai to securitize pools of residential and commercial loans on real estate in Dubai.
The mission of ENSeC is to be the “Federal National Mortgage Association” or “Fannie Mae” of Dubai by helping to:
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Our company also provided advisory services to ENSeC on the first "AAA"-rated real estate securitization to be originated in the Arabian Gulf region, a $350 million securitization of home mortgages for residences on the world-renowned Palm-Jumeirah. We currently maintain an equity interest in ENSeC and a seat on its Board of Directors.
ENSeC’s sponsored securitizations have been well-received by institutional investors throughout the world and are helping to provide the real estate capital needed to maintain Dubai’s status as the fastest growing city in the world. Dubai, which is one of the seven emirates that comprise the United Arab Emirates (UAE), is situated on the west coast of the UAE in the south-western part of the Arabian Gulf. Politically stable and tolerant of western culture, Dubai is undergoing tremendous growth as a center for trade, business, and tourism.