The company opened its office at the Dubai International Financial Centre following the receipt of financial services authorization from the Dubai Financial Services Authority (DFSA).
M7, which is owned by Oxford Properties, already manages around €1 billion of European property on behalf of Middle Eastern investors, representing about 20 per cent of the company’s assets under management. Its clients include sovereign wealth funds from the region.
After months of coronavirus pandemic-induced slowdown, Middle Eastern buyers are once again making moves in the international property market — snapping up some of Europe’s most valuable real estate.
The easing of Covid-19 travel restrictions last year has seen many buyers from the UAE and Saudi Arabia now returning to these luxury enclaves in ever greater numbers — buoyed also by rising oil prices and a strengthened US dollar.
Middle East investors are expected to snap up $1.5bn in UK commercial property in 2022, up 33 per cent compared to last year, amid easing of the pandemic-related restrictions.
M7 manages a portfolio of 580 assets comprising 47.3 million square feet of area with a capital value of €5.8bn. It invests across a variety of multi-tenanted asset classes in Europe.