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  • 17-10-20

    Gulf Arab, Middle East invest in U.S. real state

    (MENAFN) According to experts, Gulf Arab and Middle Eastern investment in U.S. real state has recovered, after the recent decline caused by the Coronavirus pandemic, and will be stable for the upcoming future.

    Commercial real estate and investment management firm JLL, released statistics that portrayed the average investment rate from Middle Eastern investors, which was in the range of USD2.2 billion between 2017 and 2019. It also showed that the proportion of Middle Eastern movement in U.S. buyers has improved steadily over the course of the property cycle, at 5.6 percent of acquisition value from 2010 to 2014, then an increase surveyed at 6.4 percent from 2015 to 2019.

    However, the data from JLL Research, portrays that in comparison to their international peers, Gulf Investors prefer investing in larger, higher-profile single asset purchases, such as office and hotel investments. Leading to a USD80 million average single asset transaction for Arabian Gulf investors, compared to USD 49 million from other international capital sources.

    Some of the most important investors in U.S. real estate are from the Gulf, such as the Abu Dhabi Investment Authority, Kuwait Investment Authority and Qatar Investment Authority.
    Backed up by the statement made by Anthony Ritossa, the founder and chairman of Ritossa Family Office" Gulf investment in US property continues to be a priority for the larger family offices and sovereign wealth funds whose core holdings in international real estate are largely in the United States"

    MENAFN1710202000450000ID1100971689

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