The multi-million dollar acquisition of Maisour, a property crowdfunding platform based in the DIFC, has been announced by Dubai-based Meteora Developers, in a strategic move intended to transform the real estate investment landscape in the United Arab Emirates.
Thanks to Maisour’s revolutionary digital fractional ownership model, investors worldwide can now purchase properties in Dubai for as little as AED 500. The goals of both businesses—democratizing real estate investing and profiting from Dubai’s burgeoning real estate market—are in line with this acquisition.
According to Meteora Developers, this acquisition enables it to combine Maisour’s tech-driven platform with its extensive experience and stellar reputation in the real estate industry, providing a wider and more varied selection of real estate investment opportunities.
“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,” remarked Praveen Sharma, the 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 ready for exponential growth, according to Sharma.
“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,” said Sharma, who had 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.
The acquisition, according to Maisour’s senior executive officer Mohamed Sabry, ushers in a new era of expansion and innovation for the company.
“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,” he stated.
Meteora Developers’ complete acquisition of Maisour demonstrates their dedication to offering premium real estate opportunities and expanding the platform’s features.
“With Meteora’s support, Maisour will be able to rapidly scale and introduce new features such as a secondary market, AI-driven reinvestment strategies, and even explore expansion into other regional markets like KSA, Egypt, India, and Pakistan,” he added.
