Dubai realty still packs punch for GCC investors | GulfNews.com:
"The pace of transactional activity in Dubai’s realty space may have slackened in the last five months, but there is still enough going around to keep Gulf-based investors interested. A significant plus is the fact that Dubai has the ready properties — cutting across all categories — for investors to pile in.
Recently, PineBridge Investments Middle East, with its regional headquarters in Bahrain, completed the first close of a GCC-targetted real estate fund after raising more than $140 million (Dh514 million). It is targetting an eventual close of $200 million. The first investment was in a property housing a school in Dubai. Other real estate categories in the emirate are being looked at.
“There are a number of opportunities to invest in specialist real estate assets that generate stable returns and unlock capital for business owners in the GCC,” said Talal Al Zain, CEO of PineBridge Investments Middle East. “The target sectors — logistics, social infrastructure and community retail — are key contributors to economic growth and development of the region, as well as for job creation.”"
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