Canadian investment fund Brookfield and Kuwait’s Alshaya Group have agreed to set up a real estate joint venture that will develop a 480,000-square-foot mixed-use commercial asset in Dubai Hills, offering offices, residential units and shops.
Upon completion, Alshaya Group will establish its new UAE office on the premises and include retail space showcasing some of its brands, it said in a statement.
John Hadden, CEO at Alshaya Group, said the company continues to build its presence in the UAE.
Alshaya Group opened its first…