Dubai Residential REIT, the GCC’s largest real estate investment trust, has announced the successful acquisition of 220 townhouses at Jebel Ali Village for AED894 million ($243 million) and their addition to its investment portfolio. The cluster comprises a mix of three- and four-bedroom units in a family-oriented community.
Lakemore Partners, a structured credit investment company with a major presence in Dubai and US, said it has teamed up with Aegon Asset Management to support the mutual growth of their collateralised loan obligation (CLO) investment and management platforms.
WTW, a leading global advisory, broking and solutions company, has announced that it has received approval to operate within Dubai International Financial Centre. With this, WTW will be able to proactively arrange access to its full suite of regulated investment capabilities in and from DIFC.
SAB Invest, the investment arm of Saudi Awwal Bank (SAB), has joined hands with Retal Urban Development Company for the launch of a CMA-regulated real estate investment fund valued at SAR1.9 billion ($502 million). The project will be developed on a 19,000sqm site in Riyadh's Almalqa district.
Arcapita, the global alternative investment firm, has signed a partnership deal with Hines, one of the world’s largest real assets investment managers, to jointly explore the creation of an institutional-grade platform focused on industrial and logistics real estate assets across the Gulf region.
UAE-based Shamal Holding has announced that new assets across its Dubai Harbour and Al Sufouh portfolios have received building completion certificates and are now operational. The latest asset to come online is a multi-storey car park spanning a 31,487 sq m area.
Global oil inventories could hit critical or historically low levels just ahead of the peak summer demand period if stock draws continue at their current pace, Reuters quoted the head of the International Energy Agency's oil industry and markets division as saying.
New real estate projects worth AED1 trillion ($272.29 billion) will be launched or developed in Dubai within the next five years, says W Capital, a real estate brokerage firm.
Saudi Arabia has an opportunity to strengthen long-term retirement savings as it advances economic reforms under Vision 2030, with expanded defined-contribution retirement schemes potentially improving retirement outcomes while unlocking domestic capital for long-term investment, said a report.
Ras Al Khaimah has wrapped up a four-day investment roadshow in China, pitching the northern emirate as a gateway to the Middle East, Africa and Europe (EMEA) region and seeking to attract Chinese companies across key sectors including manufacturing, logistics and technology.
