The UAE is seventh when it comes to global real estate investment, with $4.54 billion (AED 16.7 billion) flowing out of the country in the first half of this year. That’s according to a report by CBRE, which says investments in the sector have recorded the strongest growth in the said period since 2007. It totaled US$407 billion (AED 1.5 trillion), indicating a 14% year-on-year growth. The US holds the top spot, followed by Canada and Germany. The report suggests that Middle East investors remain active despite lower oil prices, collectively investing $11.5 billion (AED 42.2 billion) outside their home markets.
UAE and Thailand conclude trade deal talks
Abu Dhabi unveils major AI training programme for government and public
IMF reaches staff deal with Pakistan, potentially unlocking $1.2 billion
African Union launches continent's first credit rating agency
e& reverts to Etisalat to pay homage to 50 years in business
