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Property Finder secures USD 170 mn in investments from Mubadala, Beco, and another sovereign wealth fund
It secured USD 150 from two UAE SWFs and USD 20 mn from BECO Capital
THIS MORNING: DIFC in for an AED 100 bn expansion + Eurasian Development Bank lines up more AED-denominated paper
Plus: Unikai board okays Al Wafir buyout bid
Sobha makes AED 50 bn residential play, Sharjah oil firms land Kurdistan supply agreements, Khansaheb snaps up Emsteel vertical, and Al Ghurair makes a new investment
Sobha’s new project will deliver 20k homes, with handovers slated to begin in 3Q 2029
Mubadala invests in AI again + Emirati real estate players enters Indonesia
Mubadala led AppliedAI’s pre-series B round as it continues its AI spending spree
Dubai expands as industrial, commercial space hits near-capacity
The 29 mn sq ft mega-food facility aims to strengthen global supply chains and trade connectivity
AD Ports sells off more land, more local defense agreements, another AI startup funding round, and a big-ticket Abu Dhabi real estate project
Defense agreements spanned local unmanned VTOLs and purchases of aircraft and drones by Edge
THIS MORNING: UAE bond yields spike amid global bond rout + Abu Dhabi’s L’Imad is now the owner of McLaren stake
Plus: FAB expands to Turkey, and into wearable payments tech
Dubai’s retail and warehouse markets hit a supply wall, and tenants are locking in
As occupancy nears capacity, retail leasing has fallen 32% while warehouse transactions have collapsed by 60%
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