Emirates Funds for property investment in Spain

12 July, 2010 No Comments

After the bursting of the housing bubble, this is perhaps the best time for investing in property in Spain, as the next Arabs investments, who have come to our country to fill the gap left by the German and British investors.

In particular, Arab Union for Real Estate Development (AURD), through S. Al Fahim, are looking to invest in Spain, prime real estate assets of such offices and residential properties located in the best areas of Madrid and Costa del Sol, with prices starting at € 5 million.

This investor, called the “Donald Trump” of Abu Dhabi, is also behind the purchase of English soccer club Manchester City (purchased € 270 million), while supporting the Academy of Italian football club Inter Milan in Abu Dhabi.

It is also the visible face of a holding company in the Middle East, called Royal Group of Companies, formed by 50 companies (which also has been one of the promoters of projects such as building “The Palm” in Dubai). Due to the current saturation of the real estate market in Dubai, they consider it is the right time to buy in the Spanish market, since Spain is a market they know.

Following this break in Dubai, the sovereign funds need continued investment. In Spain they invest in real estate market and in renewable energy.