One of the biggest regional investment companies, Mubadala has partnered up with Japan’s Softbank to launch a tech hub in Abu Dhabi in hopes of attracting the likes of Amazon and Microsoft and to nurture tech companies and start-ups. Hub71, signifying the UAE’s independence will be based in Abu Dhabi Global Market. Read the full article here.
The increase in mortgage transactions is a very positive sign. It demonstrates more end users are buying, which will help stabilize the market as long-term buyers or investors are displaying confidence to invest in real estate.