UAE investors bought almost €1bn (US$1.3bn) worth of commercial property in Europe during the second half of last year, according to international real estate advisor CBRE.
The investment accounted for 3 percent of the cross-border commercial property purchases across the continent during the six months.
Buyers from across the Middle Eastern, particularly sovereign wealth funds, accounted for a significant amount of the investment that flowed into the European market last year, CBRE said.
Paris was the main beneficiary, with the Middle East accounting for about 18 percent of total investment in commercial real estate, which was more than any other region except the rest of Europe.
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