Brookfield and Goldman Join Wall Street’s Rush to Dubai Property

Dubai’s real estate market - where property values have surged 70% in the last four years - is starting to entice a slew of new Wall Street investors.

Brookfield Corp. is weighing plans to develop a mixed-use community in the Dubai Hills neighborhood, which would be its first residential real estate bet in the region, according to people familiar with the matter. A property manager owned by Singapore’s Temasek Holdings Pte. is also currently out scouting for investments in the city, some of the people said.

The Burj Khalifa, center, from the Dubai International Financial Centre.

Source: Bloomberg

They’d be joining the likes of Goldman Sachs Group Inc. and the Asia-based ...