Firm interested in investors’ Dubai properties

A Dublin property firm has launched a €25 million fund to buy properties in Dubai from people who want to sell out due to economic uncertainty in the Gulf emirate.

5th December, 2009

A Dublin property firm has launched a €25 million fund to buy properties in Dubai from people who want to sell out due to economic uncertainty in the Gulf emirate.

Deluxe Properties said the fund was backed by ‘‘an international investor group’’, which is understood to include investors from Britain, the Middle East, India and Russia. It is offering to buy from ‘‘Irish property investors who bought in Dubai during the boom time and who...

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