Dubai’s red-hot real estate attracts big name backers


Iconic view: The Sheikh Zayed Road is seen with Dubai’s iconic skyline illuminated in the background. — AP

DUBAI: Dubai’s real estate market – where property values have surged 70% in the last four years – is starting to entice a slew of new Wall Street investors.

Brookfield Corp is weighing plans to develop a mixed-use community in the Dubai Hills neighbourhood, which would be its first residential real estate bet in the region, according to sources.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Dubai , Brookfield , Dubai Hills , investment

Next In Business News

Chipmakers driving AI boom
Nationgate says IRB investigation completed, records in order
CIMB upgraded to AAA in MSCI ESG ratings on stronger sustainability practices
Poultry farmer Hock Soon Capital seeks to raise RM60mil from IPO
Bursa Malaysia continues uptrend at midday
AMS Advanced Material gets Bursa Malaysia's nod for ACE Market listing
Malaysia Airports strengthens China connectivity at KLIA, Tawau to support VM2026
HSS Engineers' associate secures RM22mil EPCC consulting job for data centre in Perak
Oil edges up after Trump backs off tariff threat on Greenland
Guan Huat Seng opens slightly lower at 24 sen in ACE Market debut

Others Also Read