Build-to-rent property fund raises $212mln from US, European and local Dubai investors

Build-to-rent property fund raises $212mln from US, European and local Dubai investors

- Build-to-Rent investment portfolio in prime location in Dubai

- Global Partners Property Fund I attracts US and European investment capital

Global Partners Limited, a DFSA regulated institutional fund manager specialising in alternative investments, has successfully closed Global Partners Property Fund I (CEIC) Limited, a Qualified Investor Fund based in the DIFC. The fund focuses on the Dubai build-to-rent housing market with two projects on the Dubai Water Canal. US $212 million was raised, with 35% originating from North America, 37% from Europe, and 27% from the UAE.

H&H Development, the fund's property development partner, will play a vital role in ensuring the fund's success through their proven world-class execution capabilities.

The fund's two projects are upmarket developments on the Dubai Water Canal which will use H&H Development's Eden House brand. They will be called Eden House, The Canal, and Eden House, The Park and are perfectly located to address a market gap for affluent renters in Dubai.

Martin Linder, Chief Executive Officer at Global Partners, said: "We are delighted with the reception we have received from global investors for our inaugural fund. Institutional capital is increasingly interested in Dubai real estate, and we have created an ideal fund to cater to this demand. The