Lunate, a major investment firm based in Abu Dhabi, has teamed up with Brookfield, a global asset manager, to launch a $1 billion residential property venture in the Middle East.
This new partnership aims to develop and sell high-quality residential buildings across the United Arab Emirates, Saudi Arabia, and other growing cities in the region. With strong financial backing and deep market experience, both companies plan to reshape how people live and invest in the Middle East.
What the Venture Will Focus On
The new venture will mainly build properties meant to be sold after completion—commonly known as “build-to-sell” projects. It will also look at buying existing properties that offer potential for resale at higher value, a strategy known as “buy-to-sell.”
This dual approach gives the partnership flexibility to respond to different market trends, allowing them to enter cities with strong housing demand and adjust to shifting economic conditions.
Why the Timing Is Perfect
Right now, the Middle East is seeing a major boom in real estate, especially in countries like the UAE and Saudi Arabia. Large cities are experiencing rapid growth, more foreign investment is flowing in, and people from all over the world are choosing to live and work in the region.
This has led to rising demand for new homes—especially well-built, modern apartments and villas. With this new venture, Lunate and Brookfield hope to meet this growing need by delivering thousands of new housing units in the coming years.
Lunate Brings Regional Expertise
Lunate is well-known in the investment world for its deep roots in the region and its large portfolio, managing over $100 billion in assets. The firm has a strong understanding of Middle Eastern markets, including what local residents and international investors are looking for in new housing.
Lunate will also play a key role in raising additional funds for the venture. With its connections to government agencies, banks, and real estate developers, it will help speed up project approvals and land deals.
Brookfield Adds Global Real Estate Power
Brookfield, based in Canada, is one of the largest real estate investors in the world. It brings decades of experience in designing, building, and managing residential projects across North America, Europe, and Asia.
In this partnership, Brookfield will lead the design and delivery of the buildings, ensuring they meet high global standards. Its team will also help make sure the properties are attractive to both buyers looking to live in them and investors seeking returns.
Projects Will Cover UAE, Saudi Arabia, and More
While the venture will start with a focus on the UAE and Saudi Arabia, it plans to expand into other Middle Eastern countries over time. In cities like Dubai, Abu Dhabi, Riyadh, and Jeddah, housing demand is rising fast, especially among young professionals, expats, and families.
The goal is to create modern, well-located homes that people actually want to live in—rather than just large luxury towers for a few elite buyers. The properties will range from mid-market apartments to more premium housing in major urban centers.
Big Opportunities in a Growing Region
The Middle East’s real estate market is growing faster than many others in the world. In recent years, prices have risen sharply in major cities. This is being driven by a mix of economic growth, population increases, and government initiatives to attract foreign residents and businesses.
The venture sees this moment as an opportunity to enter the market with scale. With $1 billion to invest from the start, Lunate and Brookfield can move quickly to buy land, hire contractors, and launch projects in key locations.
A Dedicated Team for Development
To handle the size and complexity of the venture, a special team will be set up to oversee planning, construction, sales, and asset management. This group will include experts from both companies, as well as local talent with experience in the Middle East.
This team will ensure that every project runs smoothly from start to finish—managing budgets, selecting trusted contractors, and handling sales and customer service once the homes are completed.
Past Experience Lays the Foundation
This is not the first time Lunate and Brookfield have worked together. They previously collaborated on commercial real estate projects in the UAE, including a major office tower in Dubai’s financial district. That experience gave both companies the confidence to take the next step into the residential sector.
Now, with the residential market booming, both firms see this new venture as a natural expansion—and one with high potential returns.
Looking Ahead
This $1 billion partnership marks a new chapter in the Middle East’s housing story. By combining Lunate’s local knowledge with Brookfield’s global development skills, the venture is well-positioned to become a leading force in the region’s real estate market.
As demand continues to rise and cities grow, the need for well-planned, high-quality housing is more important than ever. This venture is not just about building homes—it’s about helping shape the future of how people live in the Middle East.
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