Dubai-based Meteora Developers announced today the multimillion-dollar acquisition deal of Maisour, a property crowdfunding platform based in the DIFC, in a calculated move intended to revolutionize the real estate investment landscape in the United Arab Emirates.
People from all over the world can now invest as little as Dh500 in Dubai real estate thanks to Maisour’s ground-breaking digital fractional ownership model. This acquisition is in line with the goals of both businesses, which are to capitalize on Dubai’s burgeoning real estate market and democratize real estate investment.
Through this acquisition, Maisour’s tech-driven platform and Meteora Developers’ vast experience and stellar reputation in the real estate industry can be combined to offer a wider and more varied selection of real estate investment opportunities. Through the seamless ownership enabled by mobile apps and the reduction of the initial investment barrier, the platform is expected to draw in a larger number of global investors, particularly those who previously considered the initial cash outlay 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.
Together, the founders of Maisour and Meteora have over 70 years of experience in investment banking, technology, marketing, and real estate. In addition to combining their combined experience, the acquisition opens the door for quick market expansion.
With the support of Meteora Developers, Maisour’s digital platform—which has already upended the conventional real estate investment model—is now well-positioned for exponential growth.
“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.”
The announcement that Meteora Developers has completed the acquisition of Maisour represents a dedication to offering premium real estate opportunities and expanding the platform’s capabilities. With Meteora’s assistance, Maisour will be able to grow quickly, roll out new features like AI-driven reinvestment plans and a secondary market, and even look into expanding into other regional markets like Pakistan, Egypt, India, and the Kingdom of Saudi Arabia.
“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,” added Sharma, who co-founded Meteora Developers with his Jordanian partner Omar Al Amour early last year before going on to carve a niche for themselves in the real estate market, selling out their first two projects, The East Crest and 7 Park Central, within days of their unveiling in Q1 2023.
As a result of this acquisition, Meteora and Maisour’s local experts will jointly curate premium real estate projects, which will increase investment opportunities for both present and prospective Maisour platform users. In the UAE and abroad, Maisour is a top real estate crowdfunding platform thanks to its integration of technology, finance, and market intelligence.
