49% stake in Dubai's largest office tower, ICD Brookfield Place, acquired by Lunate and Olayan Financing Company for up to $1.5 billion.

Abu Dhabi's Lunate, and Saudi Arabia's Olayan Financing Company have acquired a 49% stake in ICD Brookfield Place, Dubai's largest office tower in its financial hub, in one of the largest commercial real estate transactions since the start of the pandemic. The deal values the tower at up to $1.5 billion and shows continued demand for high-quality office properties in Dubai's favorable economic landscape.

April 08, 2024
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