The acquisition aligns with both companies’ visions to democratise real estate investment and capitalise on Dubai’s booming property market
In a strategic move aimed at revolutionising the UAE’s real estate landscape, Dubai-based Meteora Developers has announced the acquisition of Maisour, a DIFC-based property crowdfunding platform.
Maisour’s model of digital ‘fractional ownership’ has made it possible for people from around the world to invest in Dubai properties with as little as US $136. The acquisition aligns with both companies’ visions to democratise real estate investment and capitalise on Dubai’s booming property market.
Meteora Developers pointed out that the acquisition allows it to integrate its expertise and reputation in the real estate market with Maisour’s tech-driven platform, offering a broader and more diverse range of real estate investment opportunities.
By lowering the initial investment barrier, and enabling ownership seamlessly through mobile apps, the platform will now attract a larger pool of global investors, especially those who previously found the initial cash outlay restrictive.
Praveen Sharma, the Founder and CEO of Meteora Developers commented, “Through this acquisition, we’re taking significant strides toward making Dubai real estate accessible to billions of potential investors worldwide. With an entry point as low as AED500, we’re confident that Dubai’s ready properties will witness an unprecedented surge in demand. Our partnership with Maisour is a perfect synergy of technology and real estate expertise. This acquisition will allow us to offer unparalleled opportunities to investors worldwide while continuing to enhance Dubai’s reputation as a global real estate hub.”
The founders of Maisour and Meteora are said to bring over 70 years of combined experience in real estate, investment banking, technology, and marketing. The acquisition not only brings together their collective expertise but also paves the way for rapid expansion into new markets.
