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UAE invests $4.5bn in global properties in H1 2015

Cross-border investors have grown in influence to become an important driver of commercial real estate investment globally

Nick Maclean, managing director, CBRE Middle East.
Nick Maclean, managing director, CBRE Middle East.

The UAE invested $4.5bn directly into global real estate in H1 2015, according to the latest research from global property advisor CBRE.

Global commercial real estate investment reached US407bn in H1 2015, the strongest first half of a year since 2007, and up 14% year-over-year.

The Americas experienced growth of 31% year-over-year, while a strong dollar impacted activity in EMEA (Europe, Middle East & Africa) and Asia Pacific (APAC). In dollar terms, EMEA was up just 5% from H1 2014, with APAC down 19% year-over-year.

Despite the low oil prices, Middle Eastern purchasers remain active, collectively investing $11.5bn outside their home markets in H1 2015.

Nick Maclean, managing director, CBRE Middle East, said, “Data from H1 2015 shows a continuing acceleration in the flow of capital out of Middle East region by private offices and high-net-worth-individuals. This, to some extent, is compensating for a decline in sovereign wealth capital going overseas, naturally perhaps as a consequence of reduced revenue allocations because of recent oil repricing.

"The interest in overseas investments, particularly from the UAE, is also being influenced by some uncertainties in the local real estate markets.” 

 

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