DIFC Investments ploughs in over Dh3bn in Dubai Pearl real estate property

08-Oct-2008

Dubai Pearl is a Dh15 billion mixed-use real estate property situated near Tecom Investments' knowledge clusters

Investment segment of the Dubai International Financial Centre (DIFC), DIFC Investments revealed that it has ploughed in over Dh3 billion in the Dubai Pearl real estate project. The fund was channeled via DIFC Investments' real estate fund, a recently unveiled one targeting the UAE property sector, especially Dubai.

The dirham fund (about Dh12 billion, according to sources) makes for a good profile of real estate purchases that will yield positive return on equity as Dubai real estate sector continues to evolve.

Dubai Pearl is a Dh15 billion mixed-use real estate property situated near Tecom Investments' knowledge clusters. It is being developed by Pearl Dubai, a consortium of investors led by Al Fahim Group. The deal takes total sales at the luxury Dubai Pearl development to more than Dh10 billion.

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DIFC Investments ploughs in over Dh3bn in Dubai Pearl real estate property

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