A Dubai based real estate broker company, Choueri Real Estate, is working with real estate fund managers to put together 100 million dollars to help Dubai's real estate market. This money will be invested into residential, commercial, and hospitality real estates in order to help the decline in the real estate market. According to Choueri Real Estate, the fund will be a closed-ended fund, meaning that a fixed number of shares will be available. The funds will be coming from investors in the United States and Europe. The fund investors are not only looking for distressed assets, but also opportunistic properties as well.
Dubai's real estate market is seeing a price floor, but prices are still fluctuating on a weekly basis. Dubai feels that their real estate market today is showing signs of becoming more stable again like it was in previous years. Developers in Dubai are hoping that investors will take chances and invest on their real estate market, and to also realize investments made would be an economic gain for both participants.
I really liked this post. I thought Dubai had a stable real estate market considering they create hotel islands in the shape of a palm tree. I guess not. Its pretty cool that the US is helping them out. Great post!
ReplyDeleteGreat post, I did hear on the news that Dubai's real state has not been so good lately. But I am sure that Dubai will be ok, they have many advantages that other countries don't.
ReplyDeletegood blogg, Dubai was hit so hard!
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