A research conducted by CBRE Group reveals that $11.5 billion flowed from the Middle East for direct investment in global real estate during the first half of 2015.
According to the research, total foreign investments to the Middle East during 2014 amounted to $13.8bn.
London received $2.8bn, representing 24 per cent of the Middle Eastern capital, indicating that the capital remains the ideal location for investment during the first half of 2015, Alrai Media reports.
Hong Kong came in second in the purchase of real estate, with a capital of $2.4bn, followed by New York with a capital of $1.1bn.
Despite the decline in oil prices, the operation of sovereign funds acquisitions increased during the first half of 2015, reaching $8.3bn, representing more than 27 per cent of total spending. The two largest sovereign acquisitions were in London ($2.5bn) and Hong Kong ($2.4bn) from two different sovereign states.
($1 = AED 3.67, at the time of publishing)