Dubai International Financial Centre (DIFC) Investments is planning to invest more than 3 billion AED ($800 million) into the construction of the Dubai Pearl.
The project will is funded through DIFC Investments’ real estate fund which was launched recently to tap into property opportunities in the Emirates.
The acquisition marks the first major investment into Dubai’s real estate sector, which continues to demonstrate tremendous potential for investors and homeowners during Cityscape 2008.
Expected to be complete by 2011, the project is a premier business and lifestyle destination which is thought to be the only project overlooking the Palm Jumeirah.
