Brookfield Asset Management is launching a new property joint venture in Dubai alongside Gulf retailer Alshaya Group, signalling confidence in the emirate’s real estate sector despite the ongoing Iran‑Israel conflict now in its third month. The partnership pairs Brookfield’s global capital platform with Alshaya’s regional market knowledge, aiming to capture demand from both residential and commercial developers. The deal, though undisclosed financially, underscores Brookfield’s regional push.

Dubai’s property market has attracted foreign investors for years, drawn by low taxes, high occupancy rates and ambitious mega‑projects. By entering now, Brookfield and Alshaya hope to lock in premium assets before any potential slowdown linked to regional tension. Analysts see the move as a hedge against volatility, leveraging Alshaya’s tenant network to secure steady cash flows.

The joint venture will likely target high‑growth districts such as Dubai Creek Harbour and the Dubai International Financial Centre, where demand for office space and luxury apartments remains strong. Investors will watch the partnership’s capital deployment closely, as success could encourage other global funds to disregard geopolitical risk and pursue similar bets across the Gulf and diversify its portfolio.