Developments in Dubai’s real estate market caught the eye of the international press, with Bloomberg showcasing Dubai Holding’s Residential REIT’s successful IPO last week as a reflection of investor appetite in the emirate. The listing comes as Dubai’s house prices have increased by almost 70% over the past four years, and there has been rising demand for more accessible investment channels, including tokenized property shares like that of Dubai Land Department’s project. The US’ Brookfield and China’s Citic are among the international players committing upwards of USD 1 bn into the emirate’s real estate market, despite Fitch Ratings’ predicting a “moderate correction” this year.

ICYMI- The Dubai Residential REIT raised USD 584 mn (c. AED 2.1 bn) from its IPO, climbing nearly 14% in its trading debut.

Egyptian b’naire Naguib Sawiris’ Dubai-based media startup Moniify’s sudden downsizing also got ink from Bloomberg. The TikTok-style CNBC media platform recently launched in Dubai, having filled its ranks with industry players including the former head of Euronews Michael Peters and Al Jazeera’s Yaser Bishr, before large-scale layoffs and departures began in January. Insiders told Bloomberg that confusion over leadership and a lack of revenue strategy — despite early assurances of long-term funding courtesy of Sawiris — led to a sudden budget cuts and executive exits. The reworked, scaled-back platform now focuses on topics like taking incomes in bull markets and investing in sneakers.

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