King & Spalding Advises Driven Properties on Dubai Acquisition

King & Spalding has successfully advised Driven Properties on its acquisition of Emaar Square Building 3 in Downtown Dubai, marking a major addition to its commercial property portfolio. The transaction, valued at AED505 million ($137.4 million), is the largest real estate acquisition in the Downtown Dubai area this year.

Emaar Square Building 3, covering 378,885 square feet, is strategically located in one of Dubai’s most sought-after business districts. The building offers high-quality office spaces, catering to a diverse range of established tenants. This acquisition underlines Driven Properties’ commitment to meeting the city’s rising demand for premium office real estate in Dubai’s vibrant urban core.

The King & Spalding team in Dubai, comprising partner Malek Al Rifai (pictured) and associates Alex Barker and Husni Al Far, provided legal counsel for this landmark transaction, helping Driven Properties navigate the complexities of this high-profile deal.