AREIT: Aurora Tower Sold in Landmark Dubai Deal
Deal News | May 08, 2025 | Bryan Cave Leighton Paisner LLP
International law firm Bryan Cave Leighton Paisner LLP (BCLP) has successfully advised AREIT, a real estate investment trust, in the sale of Aurora Tower to Sweid & Sweid. Located in the strategic TECOM area of Dubai, Aurora Tower is a commercial property offering both office spaces and retail outlets, making it an attractive investment for media-related businesses in the bustling Dubai Media City freezone. The transaction underscores BCLP's expertise and proficiency in handling significant real estate transactions across the Middle East region. This advisory service was led by Chris Beaumont-McQuillan, a partner and Practice Group Leader of Real Estate Middle East at BCLP, who was supported by associate Zofia Bernard and senior paralegal Zeinab Shakir, both based in Dubai.
Sectors
- Real Estate
- Legal Services
Geography
- United Arab Emirates – The transaction takes place in Dubai, part of the United Arab Emirates, emphasizing the region's role as a hub for real estate and commercial activity.
Industry
- Real Estate – The sale of Aurora Tower involves direct activities within the real estate sector, including investment, management, and transaction services.
- Legal Services – BCLP's involvement as legal advisors in the transaction highlights the participation of law firms in facilitating real estate deals.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AREIT | Vendor | Company | Real estate investment company selling Aurora Tower. |
| Sweid & Sweid | Buyer | Company | Purchases Aurora Tower from AREIT. |
| Bryan Cave Leighton Paisner LLP (BCLP) | Legal Advisor | Company | Advises AREIT on the sale of Aurora Tower. |