Latest news with #MohammedBinRashidCity
Khaleej Times
8 hours ago
- Business
- Khaleej Times
Dubai: Second tokenised property to be offered at discounted rate this week
The second tokenised property will be launched in Dubai this week, allowing residents to invest in the red-hot real estate market from as low as Dh2,000. Launched at Prypco Mint, the first tokenised unit from Damac Properties was fully funded in just one day last month, setting a regional benchmark for speed, demand, and investor confidence. The property attracted 224 investors from over 40 nationalities, with an average investment amount of Dh10,714. The second tokenised property will go live on Wednesday, June 11, at 11 am on the Prypco Mint. 'Following the remarkable success of the debut property, which was fully funded within 24 hours, we're excited to launch our second tokenised property on June 11, 2025. This listing features a one-bedroom apartment at Kensington Waters in Mohammed Bin Rashid City, developed by Ellington,' said Amira Sajwani, founder and CEO of Prypco. As an open, industry-first platform, she said Prypco Mint works with leading developers across the market to give investors access to the best opportunities in real estate, beyond any single developer affiliation. The new property is priced at Dh1.5 million, below its independently assessed market value of Dh1.9 million. 'We're focused on finding great deals and high-quality properties for our community, and this is another example of us delivering strong value for our investors,' she added. With a market value of Dh3 million, the first property was offered at a discount rate of Dh2.4 million. The Dubai Land Department said the waitlist exceeded 6,000 requests after the launch of the first tokenised property. 'It's clear there's a strong and growing demand for this new model of real estate investment. We're confident the second tokenised property will see an equally positive response. It's exciting to see investors embrace the benefits of liquidity, transparency, and accessibility, qualities that are transforming real estate from a traditionally static asset class into something far more dynamic and inclusive,' said Amira Sajwani. As awareness around tokenised property continues to grow, Prypco's founder said the biggest beneficiaries will be everyday residents who have traditionally been priced out of real estate investment. 'It's about financial inclusion, flexibility, and control. Residents can now start building their property portfolio in a smarter, more accessible way, whether they're investing for the first time or looking to diversify their assets,' she added.
Zawya
22-05-2025
- Business
- Zawya
Azizi Azure, part of the fourth phase of Riviera, hits 94% construction milestone
Dubai, United Arab Emirates: Azizi Developments, a leading private real estate developer in the UAE, has announced the 94% construction completion of Azizi Azure, part of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai's most important business, leisure, and retail hubs. Azizi Azure has now achieved a full 100% completion of its structure, blockwork, internal plastering, tiling, HVAC systems, and swimming pools. MEP works are nearly complete at 98%, while façade works and external works stand at 95% and 89% respectively. Elevator installation has reached 76%, with overall finishes now at 88%. To ensure timely delivery, the workforce has been increased to 3,100. Commenting on this significant progress, Mr. Farhad Azizi, Group CEO of the Azizi group of companies, commented: 'Witnessing Azure near finalization is a proud moment for us and a reflection of our unwavering dedication to timely delivery and outstanding quality. As one of the key buildings within Riviera, Azure exemplifies our commitment to building well-connected, thoughtfully designed communities that elevate the living experience of those who reside there. We eagerly look forward to handing over the keys and welcoming our residents to their new homes in due course.' Riviera is part of Azizi Developments' award-winning portfolio. It is a stylish lifestyle destination comprising 75 mid- and high-rise buildings with approximately 16,000 residences. Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art, but also about a certain 'joie de vivre' — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road. About Azizi Developments Azizi Developments is a leading developer based in Dubai, UAE. With more than 40,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi's residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in. Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper and an AED 2.5 billion opera, which is its gift to the city, as part of its cultural district at Azizi Venice. Azizi has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai's key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, Dubailand, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
Al Bawaba
22-05-2025
- Business
- Al Bawaba
Azizi Azure, part of the fourth phase of Riviera, hits 94% construction milestone
Azizi Developments, a leading private real estate developer in the UAE, has announced the 94% construction completion of Azizi Azure, part of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai's most important business, leisure, and retail hubs. Azizi Azure has now achieved a full 100% completion of its structure, blockwork, internal plastering, tiling, HVAC systems, and swimming pools. MEP works are nearly complete at 98%, while façade works and external works stand at 95% and 89% respectively. Elevator installation has reached 76%, with overall finishes now at 88%. To ensure timely delivery, the workforce has been increased to 3, on this significant progress, Mr. Farhad Azizi, Group CEO of the Azizi group of companies, commented: 'Witnessing Azure near finalization is a proud moment for us and a reflection of our unwavering dedication to timely delivery and outstanding quality. As one of the key buildings within Riviera, Azure exemplifies our commitment to building well-connected, thoughtfully designed communities that elevate the living experience of those who reside there. We eagerly look forward to handing over the keys and welcoming our residents to their new homes in due course.'Riviera is part of Azizi Developments' award-winning portfolio. It is a stylish lifestyle destination comprising 75 mid- and high-rise buildings with approximately 16,000 residences. Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art, but also about a certain 'joie de vivre' — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, a lagoon walk on the shores of its 2.7 km-long swimmable crystal lagoon with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road. © 2000 - 2025 Al Bawaba ( Signal PressWire is the world's largest independent Middle East PR distribution service.
Arabian Business
13-05-2025
- Business
- Arabian Business
Elevate acquires Dubai's Hartland School in $100mn deal, marking GCC entry
Elevate, a portfolio company backed by Rava Partners in collaboration with Alta Capital, announced the acquisition of the real estate of Hartland International School (HIS) in Dubai. The school property is valued at $100 million, the company said. Elevate acquired the asset from the NBK Capital Partners Real Estate Fund, which is advised by Janus Henderson Emerging Markets Private Investments Limited (JHEMPIL). Elevate expands to GCC The acquisition marks Rava Partners' debut in the GCC region and reflects Elevate's strategy to scale high-quality educational infrastructure in key global markets. Conveniently located in Mohammed Bin Rashid City, just a 10-minute drive from the Burj Khalifa and the centre of Dubai, HIS is a prestigious K-12 school set on nine acres of freehold land. Founded in 2015, the school provides the UK curriculum to its over 2,050 students and ranks among the top schools in Dubai. The school is under a long-term lease managed by Meraki Education, which oversees four schools across Singapore and Dubai. The deal builds on Elevate's successful track record of investing in education-oriented infrastructure in India and marks its first commitment to the GCC region. Established in 2023 by Rava Partners and its Indian operating partner, Alta Capital, Elevate specialises in the development and management of premium K-12 schools and student accommodation facilities. Currently, Elevate owns more than 30 education-oriented assets across India, valued at approximately $1 billion, that serve more than 90,000 students. 'This acquisition is a strategic milestone for Elevate as they enter the dynamic and growing Middle East market,' said Joe Gagnon, Co-Head of Rava Partners. 'We see education-focused real assets as a compelling opportunity to capitalise on the GCC region's growth, driven by strong demographic trends and a robust demand for high-quality educational offerings,' he said. Sid Gupta, Founder & Managing Partner of Alta Capital, said Hartland International School highlights the exceptional educational infrastructure available in the GCC. 'With our expertise in this niche real asset category, we are well-positioned to identify and invest in more opportunities like this,' he said. Gupta said backed by a strong team and deep operating experience, the firm is actively expanding its presence in the GCC to invest in high-growth compelling sectors that align with its long-term, impact-driven real asset approach.
Zawya
08-05-2025
- Business
- Zawya
Hillhouse's real estate platform, Rava Partners, expands portfolio of education-oriented assets with first acquisition in the Middle East
Dubai – Elevate, a portfolio company backed by Rava Partners in collaboration with Alta Capital, today announced the acquisition of the real estate of Hartland International School ('HIS') in Dubai from NBK Capital Partners Real Estate Fund advised by Janus Henderson Emerging Markets Private Investments Limited ('JHEMPIL'), valuing the school property at US$100 million. This acquisition marks Rava Partners debut in the GCC region and reflects Elevate's strategy to scale high-quality educational infrastructure in key global markets. Hillhouse Investment ('Hillhouse'), together with Rava Partners' senior management, established the real assets platform Rava Partners in 2020. Alta Capital is the exclusive operating partner for Rava Partners in India, bringing valuable educational expertise which is of strategic relevance to this transaction. Conveniently located in Mohammed Bin Rashid City, just a 10-minute drive from the Burj Khalifa and the centre of Dubai, HIS is a prestigious K-12 school set on nine acres of freehold land. Founded in 2015, the school provides the UK curriculum to its 2,050+ students and ranks among the top schools in Dubai. The school is under a long-term lease managed by Meraki Education, which oversees four schools across Singapore and Dubai, including HIS. The deal builds on Elevate's successful track record of investing in education-oriented infrastructure in India and marks its first commitment to the Gulf Cooperation Council (GCC) region. Established in 2023 by Rava Partners and its Indian operating partner - Alta Capital, Elevate specializes in the development and management of premium K-12 schools and student accommodation facilities. Currently, Elevate owns more than 30 education-oriented assets across India, valued at approximately US$1 billion, that serves more than 90,000 students. 'This acquisition is a strategic milestone for Elevate as they enter the dynamic and growing Middle East market' said Joe Gagnon, Co-Head of Rava Partners. 'We see education-focused real assets as a compelling opportunity to capitalize on the GCC region's growth, driven by strong demographic trends and a robust demand for high-quality educational offerings.' Sid Gupta, Founder & Managing Partner of Alta Capital added 'Hartland International School highlights the exceptional educational infrastructure available in the GCC. With our expertise in this niche real asset category, we are well-positioned to identify and invest in more opportunities like this. Backed by a strong team and deep operating experience, we're actively expanding our presence in the GCC, to invest in high-growth compelling sectors that align with our long-term, impact-driven real asset approach.' The seller, NBK Capital Partners Real Estate Fund advised by Janus Henderson Emerging Markets Private Investments, is a leading investor in the region and has played a significant role in developing premium education infrastructure in the GCC. Yaser Moustafa, Head of Investments at JHEMPIL said: 'We are delighted with the successful exit of this asset. We are confident in Elevate's ability to be a valuable long-term partner to Meraki and local businesses in the Middle East. This transaction reflects the growing interest in education infrastructure and the continued strength of institutional demand for alternative assets, including real estate, in the region.' Standard Chartered Bank acted as the sole lender to this transaction. About Hillhouse - Rava Partners: Founded in 2005, Hillhouse Investment ('Hillhouse') is a global alternative investment manager dedicated to partnering with high quality businesses for the long-term. With nearly two decades of experience, Hillhouse has grown to be among the largest alternative asset managers with a range of investment strategies that span public equities, private equity (across buyout, venture capital and growth strategies), private credit and real assets. Hillhouse collaborates with industry-defining enterprises, aiming to establish alignment with sustainable, forward-thinking companies across healthcare, business services, consumer, and industrial sectors. The firm manages capital on behalf of leading institutional clients worldwide, including university endowments, foundations, and sovereign wealth funds across the Americas, Europe, Asia and the Middle East. For more information, visit Rava Partners invests in real assets, partnering with quality business leaders to build the physical infrastructure that underpins Asia-Pacific's new economy. Rava Partners builds real asset platforms in growth sectors of Asia's economy such as education, logistics / industrial, life sciences / healthcare, multifamily accommodation, digital infrastructure and other specialized asset classes. Rava Partners is the real assets fund established by Hillhouse together with Rava Partners senior management in 2020 as a complement to Hillhouse's broader private investment platform. Since its launch, Rava Partners has committed more than US$3 billion in 18 real estate companies across the Asia Pacific region. About Janus Henderson Emerging Markets Private Investments Limited: Janus Henderson Emerging Markets Private Investments Limited ('JHEMPIL') is the wholly-owned subsidiary of the Janus Henderson Group plc focused on emerging markets private capital. JHEMPIL currently manages and advises investment funds across Private Equity, Private Credit and Real Estate strategies. The investment team at JHEMPIL and its predecessor firm, NBK Capital Partners, has successfully advised on closing 39 investments across a variety of sectors in the MENA region, with 30 exits to date. JHEMPIL is regulated by the ADGM Financial Services Regulatory Authority with Financial Services Permission no. 220149. Janus Henderson Group is a leading global active asset manager dedicated to helping clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. As of March 31, 2025, Janus Henderson had approximately US$373 billion in assets under management, more than 2,000 employees, and offices in 25 cities worldwide. The firm helps millions of people globally invest in a brighter future together. Headquartered in London, Janus Henderson is listed on the New York Stock Exchange (NYSE).
