Dubai Residential REIT is adding AED 241 mn units to its portfolio

Dubai Residential REIT has brought 56 new villas bought for AED 241 mn in the Garden View Villas community, according to a press release (pdf). The new villas were secured through a forward purchase agreement and were recently valued at AED 260 mn, indicating a 7.9% increase in value. The new additions bring the community’s total units to 341.

Elsewhere, it’s on track for its plan to add 220 units to its Jebel Ali Village portfolio by 2Q, which along with the Garden View Villas additions, will add AED 70-80 mn to its top line once revenues stabilize.

Background: The platform raised AED 2.1 bn in its May 2025 IPO, after seeing upwards of AED 56 bn in demand. The REIT already operates one of the largest portfolios in the market, with over 35.7k homes. The REIT has shed nearly 18% of its value since the start of the war amid a sell-off that has hit property-linked stocks — and bonds — the hardest.

MovitOn is connecting everyday travelers with shipping customers

MovitOn raises USD 2 mn in community pre-sale to facilitate global shipping logistics: Dubai-based decentralized logistics platform MovitOn closed USD 2 mn in a community pre-sale round to develop its international shipping and last-mile delivery network, according to a press release.

MovitOn? The firm essentially allows customers who want to send something to pass packages to travellers headed in that direction anyway, for delivery to be picked up in secure boxes or by hand. It says it’s up to 75% cheaper than traditional shipping options, and can offer delivery on the same day, weekends, and holidays. It relies on blockchain smart contracts and a peer-to-peer (P2P) delivery model, using its MVON token as a primary payment tool.

Up next? The funding will drive the rollout of some of its core platform features, including MovitBox terminals and an AI-driven compliance engine, and will also prepare to launch its blockchain sandbox network in April. For now, it’s targeting markets in the UAE, the wider MENA region, Europe, CIS countries, and Asia.

Another crypto license secured from Dubai’s virtual assets watchdog

XBase joins Dubai’s crypto scene: UK-based Relm Group’s subsidiary XBase secured a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (Vara). Dubai’s regulated crypto landscape continues to mature, with Vara having now issued 43 VASP licenses.

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