Strength of US dollar makes London real estate lucrative to GCC buyers

The strength of the US dollar, to which a range of Gulf currencies have historically retained a fixed peg, has positively positioned property assets in London, creating a strong appetite for a London-based investment. “London remains the most preferred location for investment amongst Middle East Family offices owing to factors like close trading links that date back to the 1800’s, around 39 direct daily flights from the Gulf, and a 175% rise in capital value in the last 20 years,” Faisal Durrani, Partner and Head of Research at Cluttons, says.

Dubai Investments buys Union Properties’ stake in Emicool for Dh500 million

Dubai Investments PJSC, the leading, diversified investment company listed on the Dubai Financial Market, has acquired additional 50 per cent stake in Emirates District Cooling LLC [Emicool] from its joint venture partner Union Properties for Dh500 million. Following this acquisition, Dubai Investments owns 100 per cent stake in Emicool.