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.

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Dubai , Brookfield , Dubai Hills , investment

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