Middle Eastern sovereign wealth funds are likely to set their sights beyond their traditional investments of trophy assets in London over the next two years as spending climbs back towards boom levels.
Economists at CBRE said yesterday that investment flows from the Middle East into European property totalled about Dh20.2bn (US$5.5bn) last year - about 90 per cent of all Middle Eastern investment into property outside of the region.
The researchers said this figure was more than 50 per cent up on the previous year but still well down on the Dh25.7bn invested during the property boom of 2007.
Middle Eastern sovereign funds seek new assets - The National
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