Sweid & Sweid completes acquisition of office tower in Dubai Media City
Dubai, United Arab Emirates: Sweid & Sweid, the Dubai-based real estate private equity and development firm, has completed the acquisition of Aurora Tower, a 27-storey office building located in Dubai Media City. Aurora Tower represents Sweid & Sweid's fourth project within the business district, enhancing the firm's growing reputation for delivering Grade-A commercial office space within one of Dubai's most in-demand submarkets.
With a leasable area of 223,000 square feet, Aurora Tower is currently home to a distinguished tenant base including Spotify, Universal Music Group, Nielsen, The Economist Group, and Beyond One – spanning sectors such as media, technology, finance, and professional services.
'We see tremendous value creation opportunity in Aurora Tower – not only because of its location and tenant mix, but because of the new life our investment and operations teams will deliver to this 20-year-old building,' said Maher Sweid, Managing Partner of Sweid & Sweid. 'Our strategy will focus on executing thoughtful upgrades to further align the asset with global occupier standards. This acquisition exemplifies our approach: disciplined, value-enhancing, and grounded in deep sector knowledge.'
In addition to Sweid One, the company's new 500,000 square foot office development in Jumeirah Lakes Towers, this transaction marks a significant milestone in expanding Sweid & Sweid's portfolio of high-quality, institutional-grade commercial assets, further reinforcing its position as a leading real estate firm within the UAE.
About Sweid & Sweid:
Sweid & Sweid is an international award-winning real estate company targeting niche development, investment, and build-to-suit opportunities. From its headquarters in Dubai, Sweid & Sweid has built a reputation for delivering international-standard grade-A commercial and residential projects through a comprehensive approach to all phases of the development cycle, sourcing opportunities, funding, and execution.
Sweid & Sweid continues to deliver best-in-class solutions, with multinational corporation tenants including Visa, Oracle, Redbull, Snapchat, SAP, Tesco, FUJITSU, GlaxoSmithKline, SABIC, Bristol-Myers Squibb, McGraw Hill, and Johnson Controls.
www.sweidandsweid.com
Source : AETOSWire
Contacts:
Rawa Mukhaimer
rawa.mukhaimer@sweidandsweid.com
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