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Home Startups Dubai-based Meteora Developers Acquires Emirati Crowdfunding Platform Maisour in Multimillion-Dollar Deal

Dubai-based Meteora Developers Acquires Emirati Crowdfunding Platform Maisour in Multimillion-Dollar Deal

by TQ

In an exciting development for the UAE’s real estate sector, Dubai-based Meteora Developers has just announced its acquisition of Maisour, an Emirati property crowdfunding platform, in a multimillion-dollar deal. This move is set to shake up the real estate market by making property investment more accessible to people around the globe.

Meteora Developers, founded just last year by Praveen Sharma, has quickly become a key player in the UAE’s real estate scene, with several successful projects under its belt. Maisour, on the other hand, was launched in 2021 by Ahmed Nour, Haytham Assaal, and Sari Safi, with a unique vision: to allow anyone, anywhere in the world, to own a piece of Dubai’s thriving property market with as little as Dh500.

This acquisition is a perfect match for both companies. Maisour’s groundbreaking platform has already made waves by lowering the barriers to real estate investment, and now, with the expertise and resources of Meteora behind it, the platform is set to grow even further. Investors can now look forward to a wider range of opportunities, all while enjoying the ease and flexibility that Maisour’s technology offers.

Praveen Sharma, Meteora’s Founder and CEO, is enthusiastic about the future. “We’re thrilled to bring Maisour into the Meteora family. This deal means we can offer even more people the chance to invest in Dubai’s booming property market, starting with just Dh500. We believe this will lead to a huge surge in demand for properties here in Dubai.”

With over 70 years of combined experience in real estate, investment banking, technology, and marketing, the teams behind both Meteora and Maisour are well-equipped to take on this new challenge. Their shared expertise promises to bring innovative solutions and new opportunities to investors.

For Mohamed Sabry, Senior Executive Officer of Maisour, the acquisition is a milestone in the platform’s journey. “This is an exciting new chapter for Maisour. With Meteora’s support, we’re in a stronger position than ever to continue our mission of making real estate investment accessible to everyone. We’re looking forward to introducing new features, like a secondary market and AI-driven reinvestment strategies, as well as expanding into new regions.”

Meteora Developers, co-founded by Sharma and his partner Omar Al Amour, has already made a name for itself in the market, with their first two projects selling out almost instantly earlier this year. Now, with Maisour under their wing, they’re set to offer even more value to their investors.

For current and future users of the Maisour platform, this acquisition brings exciting prospects. With the combined strength of Meteora’s real estate expertise and Maisour’s innovative technology, investors can expect access to premium real estate projects and a platform that’s ready to grow beyond the UAE.

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