Tuesday 19 April 2011

Dubai's Abraaj Eyes Real Estate Investments In The Region -Exec - Zawya

-Abraaj Capital continues to seek real estate investments in the region, where it sees the United Arab Emirates and Turkey offering good returns, while Egypt remains an attractive market, a principal at the company said Tuesday.

"We continue to look to invest in this region," Faisal Khan said on a panel at the Cityscape conference in Abu Dhabi. "We've been looking to invest since the beginning of last year."

Abraaj late last year bought a commercial office building in Cairo, Egypt, through its Shariah-compliant real estate fund Asas. The investment was the fund's first deal. It invests in long-term, income-generating assets in the real estate market in the Gulf and the Middle East and North Africa region.

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