backKing & Spalding has successfully advised leading real estate private equity and development firm Sweid & Sweid on its acquisition of Aurora Tower, a prominent office building located in the heart of Dubai Media City. The tower, which is strategically positioned within one of Dubai’s premier business and media hubs, is Sweid &Sweid's fourth project in the district and a key addition to their Grade-A commercial portfolio.
With a leasable area of over 220,000 square feet, distinguished tenants include the likes of Spotify, The Economist Group, Universal Music Group and many more. Sweid & Sweid is an international award-winning real estate private equity and development firm targeting niche development, investment, and build-to-suit opportunities. From its headquarters in Dubai, Sweid & Sweid has built a reputation for delivering international-standard Grade-A commercial and residential projects through a comprehensive approach to all phases of the development cycle, including opportunity sourcing, funding, and execution.
The King & Spalding Dubai team advising on the transaction was led by partner Malek Al Rifai, with support from senior associate Alex Barker and associates Husni Al Far and Nick Impey.