Dubai is seizing new opportunities as its property market surges. According to Bloomberg, Dubai Holding Co., under the leadership of Sheikh Mohamed bin Rashid, is exploring the creation of a real estate investment trust (REIT). Citigroup, HSBC, and Emirates NBD are expected to manage the offering. However, all parties have remained tight-lipped.

Meanwhile, Abu Dhabi is making waves in the global real estate scene. Mubadala’s recent $3 billion acquisition of Fortress Investment Group highlights the capital's growing influence in international property markets.

Nick Candy's MENA Expansion Plans

London tycoon Nick Candy is eyeing the MENA region for luxury developments. In partnership with Abu Dhabi’s Modon Holding, Candy Capital is set to develop high-end residential, hotel, and office projects across the Middle East and North Africa.

As Dubai and Abu Dhabi continue to attract global attention, their real estate markets are poised for even more growth, with major players like Dubai Holding and Candy Capital leading the charge.