Latest news with #Sweid&Sweid
Arabian Business
01-05-2025
- Business
- Arabian Business
Sweid & Sweid expands portfolio with Aurora Tower acquisition in Dubai Media City
Sweid & Sweid, the Dubai-based real estate private equity and development firm, announced the completion of the acquisition of Aurora Tower, a 27-storey office building located in Dubai Media City. Aurora Tower will be 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 opportunities 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,' he said. Sweid said the acquisition exemplifies the company's approach – disciplined, value-enhancing, and grounded in deep sector knowledge.
Trade Arabia
30-04-2025
- Business
- Trade Arabia
Sweid & Sweid acquires office tower in Dubai Media City
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 sq ft, 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.'
Zawya
30-04-2025
- Business
- Zawya
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. Source : AETOSWire Contacts: Rawa Mukhaimer
Zawya
06-02-2025
- Business
- Zawya
Sweid & Sweid secures $125mln term loan for Dubai office tower
UAE-based boutique developer Sweid & Sweid secured a 460 million UAE dirhams ($125 million) Amortising Term Loan Facility from Arab Bank to finance the development of Sweid One, its Grade-A office tower in Jumeirah Lakes Towers (JLT), Dubai. Arab Bank had previously provided finance for Banyan Tree Residences in Dubai, and The 47th Office Building in Cairo, Egypt. Dubai-based Dutco Construction is the main contractor for Sweid One. Set for completion in 2026, the $199 million Sweid One spans 500,000 square feet and includes four levels underground parking, a 30,000 square foot fully-serviced business centre and numerous F&B options including JLT's first-ever food hall. (Editing by Anoop Menon) (
