Over the last two decades, Dubai has emerged as one of the most popular destinations for real estate investment. But as with any market, there are ups and downs. So, is it really worth investing in the Dubai real estate market? Korter.ae puzzle out the positives and negatives of buying real estate in Dubai.
TruKKer, a Dubai, UAE-based on-demand truck aggregator, raised $23m in Series A funding.
Bayzat, a Dubai, United Arab Emirates-based company providing a free platform for human resources (HR), payroll and employee benefits, raised $16m in Series B funding.
Jollychic, a Chinese e-commerce platform focusing on the Middle East region, recently completed its US $65m (AED 238.5m) Series C+ funding round.
FlexxPay.com, a Dubai, UAE-based social impact startup, raised a funding round of undisclosed amount.
Tenderd, a Dubai, UAE-based heavy equipment rental marketplace for the construction industry in the MENA region, raised $5.8m in seed funding.
The Abu Dhabi Investment Office, ADIO, has launched an AED535m fund to grow Abu Dhabi’s Venture Capital, VC, and start-up ecosystem.
Travelstart, a Cape Town, South Africa- and Dubai, UAE-based online travel company, received an investment from HarbourVest.
Property Finder, a UAE-born real estate portal in the MENA region, acquired Bahrain Property World, a property portal in Bahrain.
San Francisco, California-based Uber is to acquire Middle East, Africa-focused transportation network company Careem, for $3.1 billion.
Beehive, a Dubai, UAE-based fintech P2P SME lending platform, raised $4m in Series B funding.
Student.com, a Dubai, United Arab Emirates-based marketplace for student accommodation, received an additional $10m funding as part of its Series C+ round.
Yellow Door Energy, a UAE-based solar developer, raised $65m in Series A financing.
Gan Integrity, a provider of a compliance solution for global businesses, raised $15m in Series B growth financing.
yallacompare, a Dubai, UAE-based comparison site for financial products, raised $8m in funding.