I guess the time has come for the top global players to start looking at the potential of commercial and office space in Dubai. We now see the likes of The American International Group buying two office blocks in the Emaar Business Park, opposite the Dubai Internet City. It's the first big investment by a US financial institution in Dubai property. And the UK's giant international property consultants Strutt & Parker announced their debut in Dubai, holding a conference for investors.As the property transactions In the UK are declining, Strutt & Parker faces a much tougher market out there this year and they were planning to open in Dubai for sometimes and are now doing so in association with local investment bank Jaspar Capital, hoping to capitalize on a big increase in interest from its major institutional clients in Middle Eastern real estate.
If you were to analyze this move by those investors to the market of Dubai then you can only think of two things, either that their usual market are doing extremely bad or that the Dubai market is maturing and is able to attract the giants as they can see the real growth and potential. When other markets are facing the slump, Dubai is booming. For sure that makes a lot of sense who are deciding to invest.
If you were to analyze this move by those investors to the market of Dubai then you can only think of two things, either that their usual market are doing extremely bad or that the Dubai market is maturing and is able to attract the giants as they can see the real growth and potential. When other markets are facing the slump, Dubai is booming. For sure that makes a lot of sense who are deciding to invest.
