Back to all real-estate news

PRYPCO Blocks introduces UAE’s first upfront rental guarantee

The model allows investors to access immediate liquidity rather than waiting for monthly or quarterly payouts

Gulf Business
Gulf Business

01 September, 2025

PRYPCO Blocks introduces UAE’s first upfront rental guarantee
Image: Supplied

TT

16

PRYPCO Blocks, the Dubai-based fractional real estate ownership platform, has introduced the UAE’s first upfront rental guarantee for property investors, offering an annual return paid in advance.

For the first time in the country, fractional property investors will receive a 5 per cent annual net rental yield credited to their PRYPCO Blocks wallets within two months of investment, the company said on Monday.

The model, comparable to a landlord collecting a year’s rent in one cheque, allows investors to access immediate liquidity rather than waiting for monthly or quarterly payouts.

The firm said the initiative would help investors reinvest, diversify portfolios, and allocate capital more efficiently.

PRYPCO Blocks reduces platform entry fee

PRYPCO Blocks also announced a 33 per cent reduction in its platform entry fee, cutting charges from 1.5 to 1 per cent.

“PRYPCO Blocks was created to make real estate investment easier, faster, and more rewarding,” said Amira Sajwani, founder and CEO of PRYPCO. “With the upfront rental guarantee, we are setting a new benchmark by giving investors confidence, liquidity, and the ability to realise returns from day one. It’s investor-first, it’s innovative, and it aligns with our vision of enabling real estate freedom for all.”

The upfront guarantee is based on three principles, the company said: providing rental income within two months, combining the stability of real estate with faster returns, and encouraging reinvestment through upfront payouts.

PRYPCO Blocks said the initiative is part of its broader vision to lower barriers to property ownership and reshape real estate investing in the region.

Read: PRYPCO, Ovaluate’s launch new AI-powered instant valuation tool

PRYPCO Blocks operates as a property investment crowdfunding platform with a commercial licence regulated by the Dubai Financial Services Authority (DFSA). Its perations are subject to strict regulatory oversight and compliance with the DFSA’s regulations and guidelines.

UAE cabinet reshuffle sees Ahmed Al Sayegh take health portfolio

AbdulRahman bin Mohamed Al Owais will continue in his role as Minister of State for Federal National Council Affairs

Gulf Business
Gulf Business

01 September, 2025

UAE cabinet reshuffle sees Ahmed Al Sayegh take health portfolio
Ahmed Al Sayegh/Image credit: MOFA website

TT

16

Under the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has announced a cabinet reshuffle.

The reshuffle confirms Ahmed Al Sayegh as Minister of Health and Prevention, while AbdulRahman bin Mohamed Al Owais will continue in his role as Minister of State for Federal National Council Affairs.

Al Sayegh has served as Minister of State at the Ministry of Foreign Affairs since September 2018, leading the Ministry’s economic and commercial affairs portfolio with a focus on the UAE’s economic diversification strategy. He also managed bilateral relations with Asian nations and members of the Commonwealth of Independent States (CIS), strengthening strategic partnerships and expanding investment opportunities.

Read: Important information: UAE’s health ministry cuts services by half

Beyond his ministerial responsibilities, Al Sayegh is a member of the board of directors and executive committee at Abu Dhabi National Oil Company (ADNOC), a board member of the Abu Dhabi Fund for Development (ADFD), vice chairman of Emirates Nature–WWF, and co-chair of the UAE-UK Business Council.

His previous leadership roles span both public and private sectors, including chairman of Abu Dhabi Global Market (ADGM), chairman of Aldar Properties, chairman of Masdar, board member of Etihad Airways Group, board member of Mubadala Investment Company, and vice chairman of First Gulf Bank. He also held senior positions at ADNOC and the Abu Dhabi Investment Company.

Al Sayegh holds a Bachelor’s degree in Economics from Lewis & Clark College in the US.

Dubai World Trade Centre to host over 135 events in H2 2025; see list

This month, DWTC will host Paper Arabia, Comedy Mixtape 2025, Matt Redman Live, Universal Postal Union Congress Dubai, WHX Tech, The Gulf Bride Show and WETEX

Neesha Salian
Neesha Salian

01 September, 2025

Dubai World Trade Centre to host over 135 events in H2 2025; see list
Image: DWTCA

TT

16

Dubai World Trade Centre (DWTC) said on Monday it will host more than 135 major exhibitions, conferences and consumer events between September and December.

Flagship events include GITEX Global, WETEX, Big 5 Global and BeautyWorld Middle East, alongside large-scale trade shows and international association meetings spanning technology, sustainability, healthcare, energy, construction, transport, food and beverage, finance and education.

Mahir Julfar, EVP at DWTC, said the line-up builds on a strong first half of the year. “Through this dynamic calendar, we are reinforcing Dubai’s role as a catalyst for global commerce while advancing the ambitions of the Dubai Economic Agenda (D33) to position Dubai among the top three economic cities in the world,” Julfar said.

DWTC: List of events ahead in H2

September will open with Paper Arabia, followed by entertainment events Comedy Mixtape 2025 and Matt Redman Live.

Other highlights include the Universal Postal Union Congress Dubai, WHX Tech, The Gulf Bride Show and a series of manufacturing and materials expos mid-month.

The month closes with WETEX (September 30–October 2).

October features the World Green Economy Summit, Najah Exhibition, AccessAbilities Expo, AGRA Middle East and The Forex Expo, before GITEX Global (October 13–17).

Later in the month, Dubai will host healthcare-focused meetings including the Annual Radiology Meeting and Healthcare Future Summit, followed by BeautyWorld Middle East and Wellness & Spa Exhibition.

November brings Gulfood Manufacturing, GESS, Paperworld Middle East, World Tobacco, ICOM 25, The Mining Show, and Middle East Organic and Natural Products Expo.

The month concludes with the Big 5 Global construction cluster and related industry events.

December will see the 19th World Congress of Neurosurgery and Automechanika Dubai, followed by trade shows such as Asia Baby Children Maternity Exhibition, China Home Life, and International Appliance and Electronics Show.

The year will close with Jewellery & Bride Arabia.

Read: DWTC execs reveal ambitious plans for Dubai Exhibition Centre

Sotheby’s to debut inaugural Abu Dhabi Collectors’ Week with multimillion-dollar auctions

The auctions coincide with one of Abu Dhabi’s busiest weeks, which also includes the Formula One Grand Prix, Abu Dhabi Finance Week, Milken Institute Middle East and Africa Summit 2025, and Bitcoin MENA

Rajiv Pillai
Rajiv Pillai

01 September, 2025

Sotheby’s to debut inaugural Abu Dhabi Collectors’ Week with multimillion-dollar auctions
The St. Regis Saadiyat Island Resort/Image Supplied

TT

16

Sotheby’s, in partnership with the Abu Dhabi Investment Office (ADIO), has announced an exclusive programme of auctions, exhibitions, masterclasses, and panel discussions set to take place in the UAE capital. The series will culminate this December with the inaugural Abu Dhabi Collectors’ Week, positioning the emirate as a rising global hub for culture, art, and luxury.

The first auction will take place in October during The NBA Abu Dhabi Games 2025 presented by ADQ, with a schedule of events leading up to Collectors’ Week from 2–5 December. The programme will feature sales across high jewellery, rare timepieces, collector cars, and exclusive real estate through RM Sotheby’s and Sotheby’s Concierge Auctions. A museum-quality exhibition of international fine art will also anchor the week at The St. Regis Saadiyat Island Resort.

Josh Pullan, global head of Sotheby’s Luxury Division, said: “At Sotheby’s, we have taken incredible strides to cement our position as a global powerhouse for luxury. This unprecedented auction week – and all of the events that will lead up to it – is poised to showcase the very best of what Sotheby’s has to offer, and we are thrilled to already be able to announce that the week will be anchored by a single-owner collection replete with top quality jewellery and watches, alongside unparalleled automobiles. With the Middle East – and the UAE in particular – as one of the most dynamic drivers of the luxury industry, we could have chosen no better home to do this than Abu Dhabi.”

The auctions coincide with one of Abu Dhabi’s busiest weeks, which also includes the Formula One Grand Prix, Abu Dhabi Finance Week, Milken Institute Middle East and Africa Summit 2025, and Bitcoin MENA – further cementing the city’s status as a magnet for international collectors and investors.

Among the headline lots is a landmark collaboration between RM Sotheby’s and McLaren Racing. The auction will feature the sale of three future competition cars under the “Triple Crown” project: a 2026 McLaren Formula 1 Team car, a 2027 McLaren United AS World Endurance Championship racer, and a 2026 Arrow McLaren IndyCar Indianapolis 500 entry. The lots, to be auctioned on 5 December, include VIP experiences such as McLaren site tours and preferential access to future car purchases.

Other highlights include a 2017 Pagani Zonda 760 Riviera, estimated at $9.5–10.5m, and a rare 2010 Aston Martin One-77, valued between $1.3–1.6m. Both models exemplify the high-performance automotive segment targeted at global collectors.

2017 Pagani Zonda 760 Riviera

2010 Aston Martin One-77

At the heart of Collectors’ Week will be a single-owner jewellery and watch collection, estimated to achieve over $20 million. Leading the sale is The Desert Rose, a 31.86-carat Fancy Vivid Orangy Pink Diamond with an estimated value of $5–7m, introduced earlier this year at Sotheby’s Beyond: The World’s Rarest Diamonds exhibition in Abu Dhabi.

The Desert Rose, the largest Fancy Vivid Orangy Pink Diamond ever graded

Timepiece highlights include a Rolex “Oyster Albino” Daytona reference 6263, produced in the late 1960s and early 1970s, estimated at $500,000–1m. With fewer than a handful of examples known globally, the model remains one of the most coveted vintage Rolexes on the market.

Rolex “Oyster Albino” Daytona reference 6263

Sale highlights will travel to Sotheby’s global locations ahead of the auctions, ensuring international exposure and drawing buyers from across the world to Abu Dhabi in December.

RAK Properties enables crypto payments: Partners with Hubpay to attract investors

Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly into RAK Properties’ account

Gulf Business
Gulf Business

01 September, 2025

RAK Properties enables crypto payments: Partners with Hubpay to attract investors
Image credit: RAK Properties/Website

TT

16

RAK Properties, the emirate’s leading publicly listed real estate developer, has announced a strategic partnership with Hubpay, a UAE-based fintech regulated by Abu Dhabi Global Market (ADGM), to enable international property transactions using digital assets.

Read more-RAK is surging ahead in real estate and tourism, say industry leaders

The collaboration positions RAK Properties to attract a new wave of international investors interested in purchasing real estate in Ras Al Khaimah using cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and others. Hubpay’s platform instantly converts digital asset payments into UAE dirhams and settles them directly into RAK Properties’ account, providing a seamless and secure experience.

This move aligns with RAK Properties’ goal of expanding its investment appeal, particularly for its flagship Mina Al Arab community, and supports the emirate’s growing reputation as a forward-thinking destination for real estate investment.

Innovation aligned with Vision 2030

The partnership comes as Ras Al Khaimah pushes forward with its Vision 2030 strategy, aiming to attract international investors and develop world-class infrastructure. RAK Properties’ adoption of digital asset payments reflects this ambition and coincides with the company’s 20th anniversary.

“Our new partnership with Hubpay is another step forward in our strategy of innovation and accessibility,” said Rahul Jogani, CFO at RAK Properties. “By enabling the use of digital assets, we are engaging a new ecosystem of investment-savvy, digital-first clients while reinforcing RAK Properties’ position as a trusted and forward-thinking master developer.”

Regulated and compliant transactions

RAK Properties will not directly handle any digital currencies. Instead, all transactions will be processed through Hubpay and its partners licensed by the Virtual Assets Regulatory Authority (VARA), ensuring compliance and transparency throughout the process.

“This partnership allows a leading real estate developer like RAK Properties to reach a new class of global buyers,” said Kevin Kilty, CEO of Hubpay. “Our regulated solution ensures high-value transactions are conducted securely and compliantly, providing peace of mind to international clients.”

Construction at the Mina Al Arab waterfront development continues at pace, with more than 800 units scheduled for delivery by the end of the year. The integration of digital asset payments is expected to further boost the project’s appeal to a broader range of investors from the UAE and overseas.

BCP upgrades Dubai office to branch after DFSA licence approval

Established in 1963, BCP has built a strong reputation in commodity trade finance and wealth management

Gulf Business
Gulf Business

01 September, 2025

BCP upgrades Dubai office to branch after DFSA licence approval
Massimo Cangini, senior executive officer of the Dubai branch BCP/Image: Supplied

TT

16

Banque de Commerce et de Placements (BCP), the Geneva-headquartered Swiss bank, has announced the transformation of its Dubai Representative Office into a fully operational branch. The move follows the successful acquisition of a Category 4 licence from the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), enabling BCP to expand its advisory services in the Middle East.

This development strengthens BCP’s long-standing commitment to the Middle East and Africa, where it has been active since 2006. With significant client assets already in the region, the new branch will provide high-net-worth individuals, family offices, and institutional clients with tailored services that combine regional proximity and Swiss expertise.

Established in 1963, BCP has built a strong reputation in commodity trade finance and wealth management. The bank holds investment-grade ratings from Fitch and Moody’s and is recognised for its financial stability, disciplined risk management, and client-focused approach.

“This marks not just an upgrade, but a strategic development,” commented Marco Grilli, head of wealth management at BCP. “Dubai has emerged as a global centre for innovation and finance. Expanding our presence here underscores our commitment to delivering bespoke, Swiss-quality wealth management services in a market that values excellence.”

Marco Grilli, head of wealth management at BCP

The Dubai branch will act as a client-facing and advisory hub, while transactions and asset bookings will remain centralised in Switzerland. This structure ensures clients benefit from local relationship management supported by BCP’s established banking and wealth management infrastructure in Geneva.

BCP has appointed Massimo Cangini as senior executive officer of the Dubai branch. With over a decade of experience in the region and more than 20 years across Swiss and international banks, Cangini brings deep market knowledge and a strong focus on personalised client service.

Through the new branch, clients will gain access to BCP’s full suite of services, including investment deals, credit, custody, and financial product advisory. The branch will operate under the regulatory oversight of both the DFSA and the Swiss Financial Market Supervisory Authority (FINMA), underscoring BCP’s commitment to compliance and regulatory best practices.

More news in real-estate