Middle East

Geopolitical and macroeconomic factors now add to the GCC’s attractiveness to global private real estate managers.

On the back of growing expatriate demand and foreign investment, the firm has acquired a residential development in Abu Dhabi.

Companies backed by Rava Partners are considering setting up teams in the region to support their platform expansion plans.

On The PERE Podcast, Greg Dool, Jonathan Brasse, Evelyn Lee and Samantha Rowan discuss how property investors and managers are responding to an unpredictable environment.

The ‘hype’ around the sector has led some executives to take a more cautious stance, members heard at the PERE Network Asia Summit last week.

Investors’ top risk factors, favored sectors and performance expectations from private real estate are shifting as the industry finds a path to recovery.

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

The two businesses – which together account for $157bn of AUM – will comprise the firm’s newly created real assets platform.

The founder of family office Vonrosen may bring in co-investors to support the expansion of Dubai luxury developer 25 Degrees, and to fuel broader real estate investment.

Just $131.1bn was raised last year for private real estate funds, marking a third consecutive year of decline.