DIFC invests Dhs3bn in Dubai Pearl
United Arab Emirates: Wednesday, October 08 - 2008 at 09:10
Dubai DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), has announced that it has invested more than Dhs3bn ($817m) in the Dubai Pearl project. The investment was made through DIFC Investments' real estate fund, which was launched recently to tap into the booming property sector in Dubai and the UAE. The multi-billion dirham fund seeks to create a portfolio of quality real estate acquisitions that will yield positive return on equity as the property sector continues to grow.
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Jeff Florian, Senior ReporterWednesday, October 08 - 2008 at 09:10 UAE local time (GMT+4)
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