Hussain Sajwani, international chairman of Middle East property firm DAMAC Properties, visited the city and met with Mayor John Tory during a recent visit to explore investment opportunities.
"In a way, Toronto and Dubai share a number of similarities, as both cities continue to attract skilled professionals and investors who are looking for a stable, friendly market to raise their families while offering strong investment returns on property purchases," said Sajwani.
He praised Toronto’s culturally diverse environment and its resilient property market which continues to deliver strong returns.
DAMAC is looking to expand investments outside the Middle East.
More market update:
Toronto remains an attractive proposition for foreign investors despite escalating home prices and the introduction of a foreign buyers’ tax.