UAE-based Kibra Investments, a technology-driven real estate company, has announced the launch of a digital marketplace for buying and selling of commercial property.
The marketplace will offer income generating assets such as educational, hospitality, retail, industrial, and residential buildings, said the company, which has its headquarters at Emaar Business Park in Dubai.
Kibra is targeting deals in the range of $20 to $50 million, making them accessible to large investors and institutions, said a senior company official on the sidelines of the recent Wealth Arabia Summit held in Dubai.
On the new venture, CEO Partho Bhattacharya, said: "Institutional-grade assets are in very high demand, yet many investors are struggling to find deals. Kibra aims to streamline high quality opportunities in one place, to provide greater access and transparency for buyers and sellers of commercial property."
An expert team will employ rigorous vetting and due diligence for each opportunity, which ensures unique investment opportunities are always available on its website, he added.-TradeArabia News Service
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