Middle East Buying Dallas Real Estate
Is Dallas real estate a good place to invest your oil dollars? Well the Middle East seems to think so:
According to the latest Global Real Estate Capital report, "Record Volumes, Record Globalisation" by global real estate services and money management firm, Jones Lang LaSalle, almost $6 billion was invested outside the Middle Eastern region in the first half of 2006, with $4 billion flowing into the US and $2 billion into Europe, principally to the UK.
Office investments dominated while large investments were also made in hotel and retail sectors. Almost half of the total investments in the US were in New York City. This includes the purchase of 280 Park Avenue by Istithmar, the investment arm of Dubai Holding for $1.2 billion. Middle East investors also made significant investments in Boston, Houston and Dallas.
-Khaleej Times Online
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According to the latest Global Real Estate Capital report, "Record Volumes, Record Globalisation" by global real estate services and money management firm, Jones Lang LaSalle, almost $6 billion was invested outside the Middle Eastern region in the first half of 2006, with $4 billion flowing into the US and $2 billion into Europe, principally to the UK.
Office investments dominated while large investments were also made in hotel and retail sectors. Almost half of the total investments in the US were in New York City. This includes the purchase of 280 Park Avenue by Istithmar, the investment arm of Dubai Holding for $1.2 billion. Middle East investors also made significant investments in Boston, Houston and Dallas.
-Khaleej Times Online
Labels: Dallas, Investment, Real Estate
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posted by Beth at 2:36 PM
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