Ares Extends Debt to Dubai’s Property Finder in Gulf Credit Push

Dubai-based Property Finder secured $250 million in debt from Ares Management, underlining the rising appeal of the United Arab Emirates’ real estate market to global institutional funds.

Ares’ commitment, done through its credit funds, comes soon after private equity firms Permira and Blackstone invested $525 million in the popular property portal. The new funding will allow Property Finder to scale up its operations across the wider Gulf region, according to its founder and chief executive, Michael Lahyani.