SUBSCRIBERS
Gulf investors spending more on US property
Published Wed, Nov 5, 2014 · 09:50 PM
Dubai
PERSIAN Gulf investors from sovereign wealth funds to rich individuals increased spending on US real estate, attracted by the pace of economic growth, a survey by Jones Lang LaSalle Inc has showed.
Gulf Cooperation Council countries invested US$1 billion in US property this year, a 51 per cent gain over the year-earlier period, according to the survey released in Dubai on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China Vanke posts another quarterly loss on sales drought
Miami office tower goes up for sale for more than US$500 million
WeWork cuts new restructuring deal that spurns Adam Neumann
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds