Abu Dhabi Investment Fund Targets Dubai Property Market.
A new property fund has announced that it plans to actively target the Abu Dhabi and Dubai property markets over the next 18 months, creating a real estate investment portfolio valued at approximately $250 million.
The Abu Dhabi based Tasweek Real Estate Marketing and Development made their announcement yesterday, continuing the trend of increased institutional interest in the Dubai property market. The announcement stated that they would be looking to invest in the Dubai Marina, Jumeirah Beach Residence and Dubai International Finance Centre (DIFC) developments within Dubai, and the Reem Island, Al Raha Beach and Building Material City projects within neighbouring Abu Dhabi.
The company stated that they expected returns in the region of 10% from their targeted acquisitions.
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