The UAE’s Al Habtoor Group seeks to invest $3 bn in the real estate sector during 2023, Invest-Gate reports.

Al Habtoor also eyes expansion in Central Europe’s real estate and hotel sector, the group’s Chairman Khalaf Al Habtoor says.

He reveals that the group’s business booms after Dubai’s successful handling of the coronavirus pandemic.

He notes that Dubai witnesses more home buyers from Asia and Arab countries than Europeans and that Russian investors are not the only driver of Dubai’s real estate boom.

Al Habtoor states that his group delays IPO plans for three to four years.