Starwood Capital gets approval for operation from DIFC-report

Core Insights - Starwood Capital Group has received approval to operate from the Dubai International Financial Centre (DIFC), marking a significant expansion for the firm [1] - The UAE is a vital source of capital for alternative asset managers, with sovereign wealth funds and high-net-worth investors playing a key role [2] - Dubai's property market is booming, attracting international investors and presenting opportunities for firms like Starwood Capital [3] Company Overview - Starwood Capital has a portfolio exceeding $120 billion in assets under management and employs 7,000 people across 18 global offices [4] - The firm has been increasing its investments in data centers and raised $2.8 billion for real estate debt funds in 2023 [5] - Starwood Capital's recent move to establish a base in the DIFC signifies its first entry into the Gulf region [4]