Cross-border investment from the Middle East drops 13% in 2014
Cross-border investments in real estate by Middle Eastern investors were down 13 percent in 2014 from the year before, according to a recent study from CBRE. In 2013, $16.3 billion of Middle Eastern capital was invested outside the region, while only $14.1 billion was invested cross-regionally in 2014.
The CBRE study found that the top destinations for Middle Eastern capital were London, Paris and New York City. London is no longer as dominant as it has been in the past, attracting 32 percent of Middle Eastern capital invested in 2014, compared with 45 percent the year before.
Office properties made up more than 50 percent of outbound investments from the Middle East; hotels were in second with 16 percent.
Saudi Arabia was the fastest-growing source of outbound Middle Eastern capital in 2014, with $2.3 billion i