More global companies are viewing Dubai as an ideal base to find a way into growing Asian and African markets, according to a Dubai asset manager.
The “best” businesses will be looking to acquire commercial property in the UAE, said Tariq Bin Hendi, chief executive of the asset management division of Emirates NBD, Dubai’s biggest bank.
“I think that Dubai is well-placed to take advantage of our increasingly globalised economy, Bin Hendi told The National. “Oil prices remain an important factor, but our feeling is that this is stabilising, and I think we are going to see more corporates seeking to base themselves in the UAE as global companies look to grow into the fast-maturing markets of Asia Pacific and South Asia, as well as the emerging markets of Africa.
“Dubai is an ideal base for them. Our own property fund is expanding its asset base at the moment and commercial property is a primary focus for us. We believe the best companies will seek the UAE’s best commercial property. We want these assets in our fund and these tenants in our assets.”
Follow us on
