Commercial real estate is expected to become an established component of the investment portfolios of the ultra-high net worth individuals (UHNWIs) from the Middle East and North Africa (Mena) region over the next decade, said a report.
Private wealth is increasingly shaping the world’s real estate markets and the use of private equity in major property deals worth at least $10 million has nearly trebled since 2009, said a report.
Real estate now accounts f
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The number of millionaires in the Middle East swelled 10.4 per cent in 2010 to 400,000, while their wealth jumped 12.5 per cent to $1.7 trillion, a report said.
Meanwhile, the ranks of millionaires in Asia for the first time surpassed Eur
Middle East property firms are targeting China's rapidly-growing club of super-rich investors with their iconic developments as the Asian giant streaks ahead of developed economies in the world wealth rankings.
The Middle East's Meydan, ET
China has 150,000 super-rich with personal wealth of $5 million or more and their ranks are rising fast, pushing up prices for golf, yachting, villas and other luxuries, researcher Rupert Hoogewerf said on Wednesday.
"The number of wealthy