The pace of real estate transactions in Dubai slowed somewhat over the past five months, still vigorous enough to attract the interest of investors based in the Gulf region. Recently, PineBridge Investments Middle East, based in Bahrain, has completed the first phase of a real estate fund targeted GCC, having raised more than $ 140 million (Dh514 million). The company seeks a total of nearly 200 million, is the first investment in housing and a school in Dubai. Other categories of real estate in the emirate are under consideration.
"There are a number of opportunities in specialized real estate assets that generate stable returns, '' said Talal Al Zain, CEO of PineBridge Investments Middle East. "The target sectors, logistics, social infrastructure and retail are key factors in the growth and economic development of the region, as well as job creation."
"Dubai still holds a decisive advantage," said Abdullah Al Ajaji, CEO of Driven Properties, a consulting firm. "Despite lower yields, property values continue to rise and the market attracts institutional investors Saudis. '' The newspaper Information Gulf News.
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