{
  "id": 4802098,
  "title": "Infinity Developments strengthens Dubai footprint with $16m Business Bay office acquisition",
  "url": "https://urgent.news/2026/09/01/infinity-developments-strengthens-dubai-footprint-with-16m-business",
  "topic": "world",
  "section": "World",
  "published": "2026-09-01T06:05:09.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/property/infinity-developments-strengthens-dubai-footprint-with-16m-business-bay-office-acquisition-1.500658981"
  },
  "original_language": "en",
  "account": "Infinity Developments has expanded its footprint in Dubai by acquiring a $16 million Grade A office space in Business Bay, a strategic move that bolsters the company's international presence. The 20,000-square-foot office, priced at nearly Dh3,000 per square foot, underscores the company's commitment to international expansion and its strategic choice of Business Bay as a commercial hub. Infinity Developments Chairman and CEO Samuel Saba highlighted Dubai's role as a global gateway connecting businesses across Africa, the Middle East, Europe, and Asia, emphasizing the city's importance as an international business hub. He noted that the Business Bay location provides proximity to major business and financial centers, making it an ideal base for the company's international ambitions. The acquisition is also seen as an investment in Dubai's undervalued office market, with strong potential for long-term capital appreciation. Infinity Developments, already active in East Africa and the UAE, sees its Dubai presence as a gateway to explore opportunities across multiple markets. The company's strategic investment in Dubai's commercial property market aligns with its ambition to become an international developer with a diversified geographical footprint, combining opportunities in emerging African destinations with established global markets.",
  "summary": "Infinity Developments has strengthened its presence in the UAE with the acquisition of about 20,000-square-feet, Grade A office space in Dubai’s Business Bay, in a transaction valued at Dh60 million (about $16 million). The acquisition, at an average price of nearly Dh3,000 per square foot, marks a significant step in the company’s international expansion strategy and strengthens its foothold in…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}