Dubai’s Red-Hot Real Estate Is Starting to Attract Big Name Backers

Dubai’s real estate market - where property values have surged 70% in the last four years - is starting to entice a slew of new Wall Street investors.

Brookfield Corp. is weighing plans to develop a mixed-use community in the Dubai Hills neighborhood, which would be its first residential real estate bet in the region, according to people familiar with the matter. A property manager owned by Singapore’s Temasek Holdings Pte. is also currently out scouting for investments in the city, some of the people said.