White & Case advises SRG on record-breaking forward purchase of major mixed-use development

Global law firm White & Case LLP has advised SRG Real Estate Developer L.L.C. on a forward purchase transaction involving a mixed-use development in Dubai Studio City.

"This record-breaking transaction reflects the continued strength and maturity of the UAE real estate market and reinforces the country's position as a leading destination for institutional capital," said White & Case partner Louise Vun, who co-led the Firm's deal team. "The deal is also notable for its scale and structure. Large-scale multi-family developments designed for long term institutional ownership remain less common in the UAE market and this deal marks a significant step in the continued evolution of the sector."

The transaction is one of the UAE's largest mixed-use real estate transactions in 2026 and one of the largest acquisitions in Dubai Studio City. It relates to the off-market sale of a development comprising six residential buildings and a community mall to ALDAR. The development will include 312 apartments and 39 retail units, with completion scheduled for May 2028.

The White & Case team which advised on the transaction was led by partners Abdulwahid Alulama and Louise Vun and included partners Will Lund and Paddy Mohen, local partner Salvia Matonyte, counsel Daria Plotnikova and associates Natasha Marican and Barnaby Pite.

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