Latest news with #Cledor
Zawya
23-04-2025
- Business
- Zawya
Amwaj acquires 18% shareholding in Cledor at $100mln post-money valuation
Amwaj International has acquired an 18% stake in Dubai-based development firm Cledor, marking its entry into the rapidly growing real estate market in the UAE. The transaction has a post-money valuation hitting $100 million, according to a press release. This investment aligns with Amwaj's strategy to expand into one of the world's most vibrant real estate markets, with Cledor managing its real estate ventures in the UAE. The funds will enable Cledor to attract high talent and manage operational expenses until its projects generate liquidity. Omar Gull, Founder of Cledor, commented: 'In just under a year, we secured AED 2.30 billion in Gross Development Value (GDV) and more than 1.30 million square feet in projects. We have also demonstrated our ability to execute, having launched and sold out our first development in just four days, with a GDV of AED 435 million.' 'Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubai's booming real estate market,' Gull added. Namir El Akabi, Founder and Chairman of Amwaj Group, stated: 'The remarkable speed and scale at which Cledor has grown in under a year is testament to its vast potential. We are excited to support its journey and join hands in redefining the UAE's real estate sector.' In 2024, Dubai reached an all-time high in real estate transaction values, exceeding AED 760.70 billion over 226,000 transactions. The growth was backed by foreign direct investment, an increasing demand for luxury properties, and a pro-business regulatory framework. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
CairoScene
23-04-2025
- Business
- CairoScene
Amwaj International Acquires 18% Stake in Dubai's Cledor
Cledor will oversee Amwaj's forthcoming real estate projects in the UAE, leveraging its local market knowledge. Apr 23, 2025 Amwaj International, a diversified global investment firm, has acquired an 18% stake in Dubai-based luxury real estate developer Cledor. This strategic investment values Cledor at $100 million and signifies Amwaj's commitment to expanding its real estate portfolio within the UAE. Cledor, founded and led by CEO Omar Gull, has achieved a Gross Development Value (GDV) of Dhs2.3 billion within its first year and manages over 1.3 million square feet of property. Amwaj International brings over three decades of experience across various sectors, including real estate, energy, and infrastructure. The firm has previously committed more than $2.4 billion to real estate projects in Iraq and is now channeling its expertise and resources into the UAE market. Under this new partnership, Cledor will oversee Amwaj's forthcoming real estate projects in the UAE, leveraging its local market knowledge and luxury development acumen. The collaboration aims to enhance Cledor's operational capabilities and attract top-tier talent, while also providing Amwaj with a robust platform for growth in the region. Dubai's real estate sector continues to thrive, with 2024 witnessing record-breaking transactions totaling Dhs760.7 billion. The market's growth is driven by foreign investment, a surge in demand for luxury properties, and a business-friendly environment. While Cledor's immediate focus remains on Dubai, the company is also exploring opportunities in emerging markets across Far East Asia and Eastern Europe. This expansion strategy aligns with Amwaj's broader vision of establishing a global footprint in key real estate markets.
Mid East Info
22-04-2025
- Business
- Mid East Info
Amwaj International acquires 18% stake in Dubai-based Cledor at $100M post-money valuation - Middle East Business News and Information
Left to right – Namir El Akabi, Founder and Chairman of Amwaj Group; Omar Gull, Founder & CEO of Cledor Investment marks entry of billion-dollar MNC into UAE's real estate market Within a year, Cledor secures AED 2.3 billion in Gross Development Value spanning 1.3 million sqft of projects in Dubai Cledor's first AED 435 million project sells out in four days Dubai, United Arab Emirates: Amwaj International, a billion-dollar multi-national conglomerate with over 10,000 employees and a global footprint across 27 cities, has acquired 18% stake in Dubai-based development firm Cledor, founded by industry veteran Omar Gull. The investment marks Amwaj's entry into the rapidly growing real estate market in the UAE, with Cledor's post-money valuation hitting USD 100 million. This investment is a key part of Amwaj's strategy to expand into one of the world's most vibrant real estate markets. For over 30 years, Namir El Akabi has successfully directed developments and investments worth more than $60 billion across nearly every sector of the real estate industry. Under the partnership, Cledor will manage and spearhead Amwaj's upcoming real estate ventures in the UAE, harnessing its expertise in luxury real estate development. The funds will enable Cledor to attract top talent and manage operational expenses until its projects generate liquidity. Cledor will also leverage Amwaj's global team of professionals, procurement network, and expertise to accelerate future growth. Dubai's real estate sector is witnessing exceptional growth, with record-breaking transactions and rising investor confidence. In 2024, Dubai reached an all-time high in real estate transaction values, totaling over AED 760.7 billion from 226,000 transactions. The boom has been fueled by foreign direct investment, a growing demand for luxury properties, and a pro-business regulatory framework. As a thriving global business hub, Dubai offers an unparalleled environment for startups, enabling rapid scaling for companies like Cledor. With a tax-free income regime, ease of doing business, and a dynamic investment ecosystem, the city continues to attract ambitious companies ready to disrupt industries. 'Dubai provides the ideal environment for entrepreneurs to dream big and scale quickly,' said Omar Gull, Founder of Cledor. 'In just under a year, we secured AED 2.3 billion in Gross Development Value (GDV) and more than 1.3 million square feet in projects. We have also demonstrated our ability to execute, having launched and sold out our first development in just four days, with a GDV of AED 435 million. Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubai's booming real estate market.' Omar's illustrious career path has seen him achieve sales upwards of USD 30 billion. He has previously held key leadership roles including the Chief Sales Officer of Dubai Holding, Head of Sales at Emaar Properties, General Manager of Emaar Saudi Arabia, Head of International Business at DAMAC Properties, as well as prior consulting experience at JLL. Namir El Akabi, Founder and Chairman of Amwaj Group stated: 'We are deeply confident in the vision and leadership of Omar Gull, who brings invaluable experience in the Dubai real estate market. The remarkable speed and scale at which Cledor has grown in under a year is testament to its vast potential. We are excited to support its journey and join hands in redefining the UAE's real estate sector.' While Cledor's primary focus remains Dubai, the firm is also exploring high-growth emerging markets such as Far East Asia and Eastern Europe for potential expansion opportunities. Through current and upcoming projects spanning approximately 20 million sqm of land, Amwaj aims to provide 50,000 units to accommodate 200,000 residents. To date, the company has invested about $2.4 billion in real estate assets that are either sold or under development in Iraq alone. These assets include residential, retail and office properties in Iraq's premier property market. About Amwaj International: Amwaj International is a billion-dollar multi-national conglomerate with a global presence in 27 cities, employing over 10,000 people. With more than 30 years of experience, Amwaj has successfully directed developments and investments across diverse sectors, including real estate, energy, and infrastructure. The company has committed over $2.4 billion to real estate assets in Iraq and is now strategically expanding into the UAE market. Through its recent investment in Cledor, Amwaj Group is poised to strengthen its presence in Dubai's booming real estate sector, driving growth and innovation across the region. About Cledor: Cledor is a Dubai-based real estate development firm specializing in luxury properties and high-value investments. In less than a year, Cledor has secured AED 2.3 billion in Gross Development Value (GDV) with over 1.3 million square feet of real estate projects in Dubai. With a proven track record, including the rapid sell-out of its first AED 435 million project in just four days, Cledor aims to become a billion-dollar company in five years. The firm continues to expand its portfolio, launching five major developments in 2025 while exploring high-growth emerging markets such as Far East Asia and Eastern Europe.
Trade Arabia
22-04-2025
- Business
- Trade Arabia
Amwaj enters UAE's real estate market with strategic Cledor deal
Amwaj International, a billion-dollar multi-national conglomerate with over 10,000 employees and a global footprint across 27 cities, has acquired 18% stake in Dubai-based development firm Cledor, founded by industry veteran Omar Gull. The investment marks Amwaj's entry into the rapidly growing real estate market in the UAE, with Cledor's post-money valuation hitting $100 million. This investment is a key part of Amwaj's strategy to expand into one of the world's most vibrant real estate markets, said the company in a statement. For over 30 years, Founder and Chairman of Amwaj Group Namir El Akabi has successfully directed developments and investments worth more than $60 billion across nearly every sector of the real estate industry. Under the partnership, Cledor will manage and spearhead Amwaj's upcoming real estate ventures in the UAE, harnessing its expertise in luxury real estate development, it stated. The funds will enable the firm to attract top talent and manage operational expenses until its projects generate liquidity. As per the deal, Cledor will also leverage Amwaj's global team of professionals, procurement network, and expertise to accelerate future growth. "Dubai provides the ideal environment for entrepreneurs to dream big and scale quickly," said Gull. "In just under a year, we secured AED2.3 billion in Gross Development Value (GDV) and more than 1.3 million sq ft in projects. We have also demonstrated our ability to execute, having launched and sold out our first development in just four days, with a GDV of AED435 million. Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubai's booming real estate market," he stated. According to him, Dubai's real estate sector is witnessing exceptional growth, with record-breaking transactions and rising investor confidence. In 2024, Dubai reached an all-time high in real estate transaction values, totaling over AED 760.7 billion from 226,000 transactions. The boom has been fueled by foreign direct investment, a growing demand for luxury properties, and a pro-business regulatory framework. As a thriving global business hub, Dubai offers an unparalleled environment for startups, enabling rapid scaling for companies like Cledor, he added. Gull's career path has seen him achieve sales upwards of $30 billion, said Amwaj in a statement. He has previously held key leadership roles including the Chief Sales Officer of Dubai Holding, Head of Sales at Emaar Properties, General Manager of Emaar Saudi Arabia, Head of International Business at Damac Properties, as well as prior consulting experience at JLL. On the strategic deal, El Akabi said: "We are deeply confident in the vision and leadership of Omar Gull, who brings invaluable experience in the Dubai real estate market. The remarkable speed and scale at which Cledor has grown in under a year is testament to its vast potential."
Zawya
22-04-2025
- Business
- Zawya
Amwaj International acquires 18% stake in Dubai-based Cledor at $100mln post-money valuation
Within a year, Cledor secures AED 2.3 billion in Gross Development Value spanning 1.3 million sqft of projects in Dubai Cledor's first AED 435 million project sells out in four days Dubai, United Arab Emirates – Amwaj International, a billion-dollar multi-national conglomerate with over 10,000 employees and a global footprint across 27 cities, has acquired 18% stake in Dubai-based development firm Cledor, founded by industry veteran Omar Gull. The investment marks Amwaj's entry into the rapidly growing real estate market in the UAE, with Cledor's post-money valuation hitting USD 100 million. This investment is a key part of Amwaj's strategy to expand into one of the world's most vibrant real estate markets. For over 30 years, Namir El Akabi has successfully directed developments and investments worth more than $60 billion across nearly every sector of the real estate industry. Under the partnership, Cledor will manage and spearhead Amwaj's upcoming real estate ventures in the UAE, harnessing its expertise in luxury real estate development. The funds will enable Cledor to attract top talent and manage operational expenses until its projects generate liquidity. Cledor will also leverage Amwaj's global team of professionals, procurement network, and expertise to accelerate future growth. Dubai's real estate sector is witnessing exceptional growth, with record-breaking transactions and rising investor confidence. In 2024, Dubai reached an all-time high in real estate transaction values, totaling over AED 760.7 billion from 226,000 transactions. The boom has been fueled by foreign direct investment, a growing demand for luxury properties, and a pro-business regulatory framework. As a thriving global business hub, Dubai offers an unparalleled environment for startups, enabling rapid scaling for companies like Cledor. With a tax-free income regime, ease of doing business, and a dynamic investment ecosystem, the city continues to attract ambitious companies ready to disrupt industries. 'Dubai provides the ideal environment for entrepreneurs to dream big and scale quickly,' said Omar Gull, Founder of Cledor. 'In just under a year, we secured AED 2.3 billion in Gross Development Value (GDV) and more than 1.3 million square feet in projects. We have also demonstrated our ability to execute, having launched and sold out our first development in just four days, with a GDV of AED 435 million. Our partnership with Amwaj will further fuel our growth, allowing us to capitalize on Dubai's booming real estate market.' Omar's illustrious career path has seen him achieve sales upwards of USD 30 billion. He has previously held key leadership roles including the Chief Sales Officer of Dubai Holding, Head of Sales at Emaar Properties, General Manager of Emaar Saudi Arabia, Head of International Business at DAMAC Properties, as well as prior consulting experience at JLL. Namir El Akabi, Founder and Chairman of Amwaj Group stated: 'We are deeply confident in the vision and leadership of Omar Gull, who brings invaluable experience in the Dubai real estate market. The remarkable speed and scale at which Cledor has grown in under a year is testament to its vast potential. We are excited to support its journey and join hands in redefining the UAE's real estate sector.' While Cledor's primary focus remains Dubai, the firm is also exploring high-growth emerging markets such as Far East Asia and Eastern Europe for potential expansion opportunities. Through current and upcoming projects spanning approximately 20 million sqm of land, Amwaj aims to provide 50,000 units to accommodate 200,000 residents. To date, the company has invested about $2.4 billion in real estate assets that are either sold or under development in Iraq alone. These assets include residential, retail and office properties in Iraq's premier property market. About Amwaj International Amwaj International is a billion-dollar multi-national conglomerate with a global presence in 27 cities, employing over 10,000 people. With more than 30 years of experience, Amwaj has successfully directed developments and investments across diverse sectors, including real estate, energy, and infrastructure. The company has committed over $2.4 billion to real estate assets in Iraq and is now strategically expanding into the UAE market. Through its recent investment in Cledor, Amwaj Group is poised to strengthen its presence in Dubai's booming real estate sector, driving growth and innovation across the region. About Cledor Cledor is a Dubai-based real estate development firm specializing in luxury properties and high-value investments. In less than a year, Cledor has secured AED 2.3 billion in Gross Development Value (GDV) with over 1.3 million square feet of real estate projects in Dubai. With a proven track record, including the rapid sell-out of its first AED 435 million project in just four days, Cledor aims to become a billion-dollar company in five years. The firm continues to expand its portfolio, launching five major developments in 2025 while exploring high-growth emerging markets such as Far East Asia and Eastern Europe. For media enquiries, please contact: Keel Comms support@
