"Dubai to invest $5 billion in Istanbul
by Reuters on Wednesday, 21 March 2007
Istanbul's business district is booming and real estate prices are soaring.
Dubai Holding property unit Sama Dubai on Wednesday made a winning bid of $705 million in a tender for land in Istanbul's thriving business district where they plan to build a major business and leisure complex."
More:Dubai to invest $5 billion in Istanbul - Construction - ArabianBusiness.com