The UAE-based real estate firm Meteora Developers bought Maisour, an Emirati property crowdfunding website, for millions.
Meteora Developers is a real estate developer with a wide range of projects around the United Arab Emirates, founded in 2022 by Praveen Sharma. Meanwhile, Maisour, a real estate crowdfunding platform established in the DIFC that enables foreign investors to engage in the UAE’s property market through fractional ownership, was founded in 2021 by Ahmed Nour, Haytham Assaal, and Sari Safi.
Thanks to Maisour’s revolutionary digital fractional ownership model, investors from all over the world can now own properties in Dubai for as low as Dh500.
The goals of both businesses—democratizing real estate investing and profiting from Dubai’s burgeoning real estate market—are in line with this transaction.
Through this transaction, Maisour’s tech-driven platform and Meteora Developers’ substantial experience and exceptional reputation in the real estate industry may be combined to offer a wider and more varied selection of real estate investment options.
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Through the seamless ownership enabled by mobile apps and the reduction of the first investment barrier, the platform is expected to draw in a larger number of worldwide investors, particularly those who previously considered the initial capital expenditure to be prohibitive.
“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 Dh500, we’re confident that Dubai’s ready properties will witness an unprecedented surge in demand,” said Praveen Sharma, Founder and CEO of Meteora Developers.
Maisour and Meteora founders have 70 years of real estate, investment banking, technology, and marketing experience. The deal combines their expertise together and allows speedy growth into new markets.
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Meteora Developers is financing Maisour’s digital platform, which has altered the real estate investment model, for exponential development.
“This acquisition marks a new chapter of growth and innovation for Maisour,” said Mohamed Sabry, Senior Executive Officer of Maisour. “Our mission of democratising real estate investment is now bolstered by the vast resources, connections, and market insights that Meteora Developers bring to the table. This will allow us to better serve our investors while continuing to innovate.”
Meteora Developers’ full acquisition of Maisour shows its commitment to high-end real estate and platform enhancement. Maisour can scale quickly, add new features like a secondary market, AI-driven reinvestment plans, and expand into KSA, Egypt, India, and Pakistan with Meteora’s help.
Meteora and Maisour’s local specialists will curate outstanding real estate projects for Maisour investors after this transaction. Maisour is a prominent UAE and global real estate crowdfunding platform that combines technology, finance, and industry knowledge.
About Meteora Developers
Meteora is set to provide a range of living environments with a global focus that have their roots in Dubai, a dynamic metropolis that offers a never-ending supply of entertainment, dining options, shopping, and business opportunities.
