Global Partners launches UAE property fund

Dubai-based fund manager Global Partners Limited has pulled in $212 million for a real estate fund focused on the UAE’s property market.

The Global Partners Property Fund is based in the Dubai International Financial Centre and is classified as a qualified fund.

The fund’s investors are spread evenly across North America (35%), Europe (37%) and the UAE (27%).

According to Global Partners, the fund launch has been driven by the growth of the build-to-rent market – for example, the UK’s build-to-rent sector attracted $3 billion from investors in the first six months of 2022, according to Savills.

In Global Partners’ view, there is still a “huge gap” in the UAE’s rental market.

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