Aabar Investments, the Abu Dhabi government-backed investor, has a formed a partnership to target the European property market and technology-based firms, reports The National's Sarmad Khan. The firm agreed to form a €150 million (Dh783m) joint venture partnership with the Berndorf group of Austria aimed at acquiring attractively priced assets in Europe.
Emirates Business 24/7 reports
that even though the Dubai property market appears to have bottomed
out, it will take several more months for improvement to show up,
according to Mohanad Al Wadiya, the managing director of Harbor Real
Estate Brokerage and editor-in-chief of the Harbor Report.
And Khaleej Times picks up
on another press release sent out yesterday by Sweet Homes Holdings,
announcing that the Ajman real estate market will benefit from the
availability of mortgage financing.