DUBAI — Property House, a new Dubai-based real estate and property management company, yesterday said it would seek to lure $600 million from international investors who want to be a part of the spectacular property boom in the region.

Despite the current state of the market, real estate has been a path to wealth for generations. Property ownership often provides attractive income tax benefits as well.

A €1.1bn private equity offer for almost a quarter of Hypo Real Estate undervalues the German property finance group, according to its management and board, which has declined to recommend the offer to shareholders.

Real estate services cos are buying each other even as the global credit crisis slows merger and acquisition activity in other sectors. Realty braces facility management

Shenzhen, CHINA—CB Richard Ellis Group Inc. has joint ventured with the largest residential developer in China to provide property management services in China.