UAE takes 7th spot in global real estate investment report

The UAE is seventh when it comes to global real estate investment, with $4.54 billion (AED 16.7 billion) flowing out of the country in the first half of this year. That’s according to a report by CBRE, which says investments in the sector have recorded the strongest growth in the said period since 2007. It totaled US$407 billion (AED 1.5 trillion), indicating a 14% year-on-year growth. The US holds the top spot, followed by Canada and Germany. The report suggests that Middle East investors remain active despite lower oil prices, collectively investing $11.5 billion (AED 42.2 billion) outside their home markets.