A whopping investment of more than Dh3 billion has been made by DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC) in the Dubai Pearl project. The announcement was made by DIFC on Tuesday.

DIFC Investments' real estate fund was recently launched to knock into the flourishing property sector in Dubai and the UAE.

This multi-billion dirham fund invested by DIFC will aim at creating a portfolio of quality real estate acquisitions, which will help in gaining good returns on equity as the property sector continues to grow.

Located nearby to Tecom Investments' knowledge clusters, Dubai Pearl is a Dh15 billion mixed-use luxury project and is being developed Pearl Dubai, which is a group of investors led by Al Fahim Group.

Total sales at the luxury Dubai Pearl development has been taken by the deal to more than Dh10 billion.