Reported about 18 hours ago
Dubai's real estate sector, experiencing a remarkable 70% surge in property values over the past four years, is drawing significant interest from Wall Street investors. Major players like Brookfield Corp and Temasek Holdings are planning new developments in the region, joining investment firms like Goldman Sachs and Hillhouse Investment. The market's resurgence follows a post-pandemic boom and an influx of foreign wealth, despite challenges in securing available properties due to high ownership concentration among Emirati families.
Source: YAHOO