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.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..