The affluent Dubai -prosted property attracts the most important global investment institutions
The Dubai real estate market, which has recorded a 70% increase in prices over the past four years, has begun to attract a new wave of investors from “Wall Street”. Brookfield Corp is currently studying the development of a multi -use residential project in the Dubai Hills neighborhood, to be the first investment in the residential sector in the region, according to people familiar with the matter. Some of these have also reported that a real estate management company owned by ‘Themesk Holdings PTE’, attached to Singapore, is currently investigating the city in search of investment opportunities. These investment institutions are in line with major institutions such as “Goldman Sachs” and “Hillhouse Investment” in Asia, both of which have recently pumped millions of dollars into the real estate market in the Emirate. Dubai Real Estate Boom mutation in Dubai attracted these settings. During the past 24 months, the city saw eight office buildings being sold, a number that exceeded that was sold during the previous ten years. The same goes for hotels, as the last thirty months have seen 15 transactions, according to the real estate consulting company “Knight Frank”. Andrew Loew, head of the Department of Capital Markets and the Commercial Agency at Knight Frank, said: “For the past two years, more momentum has been for us than the whole previous decade in terms of capital market transactions. Dubai International Airport appeared with two arrivals who could not pay their debts, and the image was entrenched in the minds of institutional investors around the world, as it was a ticket for the nature of the Dubai real estate market, characterized by sharp sessions between the recovery and shrinking, in the city of most residues. which attracted a large number of tourists and wealthy investors. Currency sector joins, and the hedge fund managers attracted by the low tax environment in the emirates, in addition to the time they can trade in the Asian, European and US markets at the same time. The trade war launched by US President Donald Trump, and that oil prices are declining, recorded Dubai record sales of more than $ 10 million. is. The tower was soon filled with tenants to become the highest price in the commercial rental of the city. Global Real Estate Investments in Dubai, then there is the “Mapletree Investments PTE” business, a real estate management company owned by the Singaporean Singaporean Wealth “Timassic”. “Blackstone Inc.” has had a number of senior managers preliminary discussions in the Middle East on potential investments in the commercial real estate sector, according to the people who are familiar with themselves. To support the expansion of his resorts in the region. The Emirate listed, in January, $ 500 million from Apollo Global Management Inc. collected by one of the largest private hybrid offers for companies in the region. ‘Apollo’ said that the investment ‘commitment to playing the main capital of the capital in the wider Abu Dhabi economic system. Real estate market to invest in Dubai. Institutional capital wants to invest here, and it has already begun to reach, but the problem is that there is not enough offer for sale. “He added:” Most of the city offices have been developed by government or semi government bodies, “and note that it leads to a shortage of buildings of the excellent category that can be obtained, which means a lack of market depth to the market. So far an important transformation in Dubai, and has not investigated Martin Linder, whose company “Global Partners Limited” has managed to raise more than $ 350 million for its second fund after obtaining financing from American family offices, a German retirief fund and a prominent institution from Singapore. For Lander, this reality is a major shift compared to his previous efforts when he raised financing for his first fund, as he spent six months in Boston to persuade a large number of Dubai market capacity investors. He said: “At the time, the few interested in a market they didn’t know much about.” However, Linder managed to raise more than 200 million dollars in the first round and used it to build residential buildings on the Dubai water channel. After the revenue of this first fund spread to investors to investors over time, the discussions with the fans became easier. He added: “We receive direct contacts from prestigious family offices in the United States.” He continued: “They heard from other sides of us, and they also began to expand their assignments.”