US $325 Million Fund To be Launched in Dubai

Gowealthy to launch $325 million funds
GulfNews - Dubai, United Arab Emirates

Dubai: Gowealthy Capital Limited, a subsidiary of Gowealthy Holdings, is to launch three property investment funds in the second quarter of 2009 with a combined value of $325 million (Dh1.19 billion).

While the details have yet to be ironed out, the residential funds will be launched on behalf of two "significant" developers - one of which is listed - according to Peter Penhall, chief executive of Gowealthy and senior executive officer of Gowealthy Capital Limited. ...