Latest news with #Sweid&Sweid
Web Release
2 hours ago
- Business
- Web Release
Dutco, Sweid & Sweid Launch Dubai's Largest Privately-Owned Logistics Park
Dutco and Sweid & Sweid have announced the launch of Terralogix — the emirate's largest privately-owned logistics park, in a move that reinforces Dubai's ambitions to become one of the world's top five Grade-A logistics hubs. Located in Warsan, Northern Dubai, the 3.3 million square foot development is designed to serve as a critical node in Dubai's supply chain infrastructure. Maher Sweid, Founder and Managing Partner of Sweid & Sweid commented, 'Terralogix will be developed by Dutco and Sweid & Sweid — two UAE-based firms with strong heritage and established track records. The Dutco Group brings decades of expertise across many sectors including construction, hospitality, real estate, and oil and gas, while Sweid & Sweid is known for developing high quality, institutional-grade real estate assets. Together, we will be delivering Terralogix as a landmark project to spearhead the evolution of Dubai's industrial sector.' Terralogix stands out for both its location and adaptability. As one of the few large-scale logistics developments in Northern Dubai, it provides access to areas underserved by other logistics facilities largely concentrated in Southern Dubai. The park's modular design and flexible leasing model allow tenants to scale, expand, or custom-build their facilities to meet their exact requirements. Phase One is already underway, and scheduled for completion in the third quarter of 2026. Nelson Gibb, CEO of Dutco Group commented, 'As the Dubai Economic Agenda D33 accelerates toward its target of doubling the city's economy by 2033, logistics and trade sit at the heart of that vision. The project brings meaningful new capacity to a sector under pressure from surging demand and limited supply. With direct connectivity to major highways and immediate access to airports and seaports, Terralogix is well positioned to support businesses operating across the UAE and the wider region.' Pre-leasing at Terralogix is now open. For more information, visit
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) (
