Dubai International Holding Company, an investment firm owned by Sheikh Maktoum Hasher Maktoum Al Maktoum, is reported to have plans of investing AED1bn or $272 million in Dubai real estate in the first half of 2010.
"If you look at all the asset classes internationally, stock markets or anything else, right now the most depressed prices are for properties. We will be investing AED1bn in different projects across Dubai," Sheikh Maktoum told the paper.
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