Real estate investors are preparing for a firesale of prime properties from London to New York should Dubai decide to raise cash by selling liquid assets held by its investment companies.
Istithmar, the investment arm of Dubai World, was one of the busiest investors in “trophy” properties during the global property boom.
Its investments range from the Adelphi in The Strand, London, and Grand Buildings in historic Trafalgar Square to the Mandarin Oriental hotel in New York and a stake in the Victoria & Albert Waterfront complex in Cape Town.
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