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Egypt’s Elsewedy Electric acquires majority of Dubai-based Thomassen Service + New real estate tokenization platform
Plus: Canater has secured USD 1 mn from regional investment firm Foras in exchange for a 10% equity stake
Dubai Holding to IPO 12.5% of its Dubai Residential REIT on the DFM
The AED 1.3 bn REIT manages some 35.7k residential units across 21 communities
e& expands to the Americas through its wholesale unit
Plus: Etihad Rail eyes infrastructure projects in South Sudan and Chad
Dubai property prices surge in 1Q 2025 as population growth outpaces supply -ValuStrat
Villa values soared 30.3% y-o-y, compared to a 21.4% increase for apartments
THIS MORNING: G42 eyes tens of bns of investments in the US + AI classes coming to UAE schools next year
Plus: Ras Al Khaimah’s residential stock is set to double by 2030
Dubai real estate transactions hit AED 179 bn in 1Q
Residential transaction activity accounted for 72% of total transactions for the quarter
MAG plans to tokenize USD 3 bn real estate assets via MultiBank
The agreement will list MAG’s properties — including The Ritz-Carlton Residences and Keturah Reserve — on MultiBank.io’s regulated RWA platform
Almaden to invest USD 240 mn to develop a solar glass plant in Kizad
Rakez partners with Singaporean firm to build tech-focused industrial park
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