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Updated · Bloomberg · May 7Brookfield and Alshaya launch Dubai mixed-use real estate venture
11 articles · Updated · Bloomberg · May 7
- The project spans 480,000 square feet in Dubai Hills, with Brookfield Properties acting as development and real estate manager.
- The joint venture marks Brookfield's first major regional investment since the Iran war began and targets Dubai's upscale property market.
- Its launch signals continued confidence in Dubai real estate even as the regional conflict enters its third month.
Amidst missile attacks on the UAE, is Brookfield's new Dubai project a bold investment or a reckless gamble? While billions are invested in Dubai's future, can the city save the jobs of residents threatened by the conflict today? What does this mega-deal reveal about the hidden strategies of Gulf sovereign wealth funds during a regional war?