Driven | Forbes Global Properties has acquired two Dubai residential buildings in City Walk and Meydan for a combined $66 million (AED 242.5 million), taking total assets under management to $545 million and adding more than 106,000 square feet of yield-generating residential inventory to its investment portfolio.
June 23, 2026 | Riya Malhotra | UAE | Real Estate
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Driven | Forbes Global Properties has acquired two Dubai residential buildings for a combined $66 million (AED 242.5 million), expanding its total assets under management to $545 million.
The acquisitions cover:
City Walk Building 18A, acquired for AED 181.5 million.
The Polo Residence Building A3 in Meydan, purchased for AED 61 million.
Together, the two assets add more than 106,000 square feet of residential inventory to the firm's portfolio.
Hadi Hamra, Deputy CEO and Chief Commercial Officer of Driven Properties, characterised the acquisitions as strengthening and diversifying a portfolio designed to generate stable, long-term income while meeting genuine residential demand.
For Driven Properties, founded as a brokerage and real estate advisory firm before expanding into asset management and acquisitions, reaching $545 million in assets under management marks a meaningful threshold within Dubai's mid-tier institutional real estate landscape.
The choice of locations is editorially notable. City Walk has matured into one of Dubai's most established mid-luxury walkable destinations, with rental yields supported by sustained demand from professional tenants. Meydan's The Polo Residence sits within MBR City's broader residential corridor, where rental absorption has remained consistently strong through 2026.
The acquisitions reflect a broader trend of established Dubai-based brokerages and advisory firms moving into asset ownership and management, extending the value chain beyond transaction commissions into yield-generating real estate. As Dubai's commercial real estate landscape matures, expect more brokerage-to-asset-management transitions across the next 24 months.
Sources: Driven | Forbes Global Properties acquisition announcement, distributed via Zawya (June 2026); statement from Hadi Hamra, Deputy CEO and Chief Commercial Officer of Driven Properties; transaction values for City Walk Building 18A (AED 181.5 million) and The Polo Residence Building A3 in Meydan (AED 61 million), combined $66 million ($66 mln) / AED 242.5 million, total assets under management at $545 million, and 106,000+ square feet of added inventory all verified from the Zawya report.
