Driven Properties AUM Reaches AED 2 Billion

24 Jun 2026 CW Team

Driven | Forbes Global Properties has acquired two residential buildings in Dubai’s City Walk and Meydan for a combined AED 242.5 million. The acquisitions add more than 106,000 sq ft of residential inventory and take the company’s total assets under management to approximately AED 2 billion.

The transactions include City Walk Building 18A, acquired for AED 181.5 million, and The Polo Residence Building A3 in Meydan, acquired for AED 61 million. The purchases form part of the company’s long-term strategy to build a yield-generating residential portfolio across established Dubai communities.

City Walk Building 18A is a seven-storey residential property developed by Meraas, comprising one, two and three-bedroom apartments, along with a four-bedroom duplex and penthouse. The Polo Residence Building A3 is part of the low-rise gated Polo Residence community near Meydan Racecourse.

The acquisitions strengthen Driven Properties’ existing portfolio across Downtown Dubai, City Walk and Dubai Water Canal. The company previously acquired City Walk Building 17 in 2023 for AED 94 million and exited within a year at AED 122 million.

Driven Properties also acquired Emaar Square Building 3 in late 2024 for AED 505 million, which now carries a valuation of AED 900 million. In April 2026, the company sold 22 plots in Jumeirah 1 for AED 220 million, 85 per cent above the 2024 acquisition price.

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