Happy Thursday everyone!

Dubai Land Department set a global benchmark with the record-breaking sell-out of its latest tokenized real estate project in under two minutes. Meanwhile, Khazna Data Centres — backed by G42 — secured Nvidia’s approval to host its most advanced Blackwell chips, reinforcing the UAE’s position as an AI infrastructure leader. In the financial world, $20B hedge fund Hudson Bay Capital is doubling down on the region, expanding from Dubai into Abu Dhabi as global asset managers increasingly view the UAE as a dual-powerhouse for both private and sovereign capital.

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Dubai Land Department Sets Global Record With Instant Sell-Out Of Tokenized Real Estate Project

What is it about?

• Dubai Land Department’s second tokenized real estate project, hosted on the ‘PRYPCO Mint’ platform, was fully sold out in just 1 minute and 58 seconds.

• The project attracted 149 investors from 35 different nationalities, underlining broad international appeal.

• Over 10,700 potential investors were placed on a waiting list, signaling overwhelming demand.

• The initiative is part of Dubai Land Department’s official Property Tokenization Initiative, aiming to digitize property investment.

Why it matters

• This is a world-first achievement in the real estate tokenization space, reinforcing Dubai’s global leadership in real estate innovation.

• Tokenized real estate opens the market to a wider pool of investors, offering low-barrier, high-efficiency entry into property ownership.

• The success reflects growing trust and appetite for digital investment vehicles in Dubai’s real estate sector.

What’s next

• Dubai Land Department plans to expand offerings on PRYPCO Mint, with more tokenized projects and partnerships in the pipeline.

• Tokenized real estate is expected to become a central pillar of Dubai’s property market by 2033.

• Interested investors are urged to register early to secure access to future projects before they sell out.

Markets

Nvidia Approves UAE’s G42-Backed Khazna Data Centers To Host Its Most Advanced Blackwell Chips

What is it about?

• Nvidia, the world’s leading AI chipmaker, has officially approved Khazna Data Centres—a G42-backed company in the UAE—to deploy and host its latest Blackwell GPU architecture.

• This makes Khazna one of the first regional data centre operators authorized to host the revolutionary Blackwell chips, designed to power large-scale AI workloads and next-gen computing.

• The approval follows Khazna’s earlier announcement of building Nvidia-certified data centre blueprints across the Middle East and Africa.

Why it matters

• This marks a major validation of Khazna’s infrastructure capabilities and positions the UAE at the forefront of global AI compute readiness.

• The Blackwell GPU architecture is considered Nvidia’s most powerful to date, enabling faster training of AI models, generative applications, and real-time inference at massive scale.

• For G42 and the UAE, this move reflects the country's strategic investment in sovereign AI infrastructure, further cementing its role as a regional AI hub.

• Khazna, already the largest hyperscale data centre provider in the Middle East, is now among the elite global platforms trusted by Nvidia.

What’s next

• Khazna will integrate the Blackwell chips into its new generation of AI-ready facilities under construction across the UAE and other regional markets.

• The company is expected to offer GPU-as-a-service, empowering startups, enterprises, and governments to access high-performance AI computing without heavy upfront investments.

• This development lays the groundwork for broader AI collaborations between Nvidia, G42, and other regional stakeholders in healthcare, finance, and public services.

• More Nvidia-ready data centres are anticipated across Khazna’s expansion targets in KSA, Egypt, and Europe, reinforcing the UAE’s role as a global AI gateway.

American Hedge Fund ‘Hudson Bay’ Expands UAE Footprint With New Abu Dhabi Office

What is it about?

• American Hudson Bay Capital Management, a $20 billion multistrategy hedge fund, is expanding in the UAE by opening an office in Abu Dhabi before the end of 2025.

• This comes after establishing a 10-person presence in Dubai’s DIFC in 2023 and a more recent office launch in Hong Kong.

• The move makes Hudson Bay one of the rare global hedge funds with offices in both UAE financial hubs — Dubai and Abu Dhabi.

Why it matters

• The expansion reflects growing investor confidence in the UAE, with Abu Dhabi emerging as a magnet for global asset managers, including Brevan Howard and Marshall Wace.

• Abu Dhabi’s sovereign wealth access — notably the $1.1 trillion Abu Dhabi Investment Authority (ADIA) — is a major draw, offering exposure to a variety of hedge fund strategies.

• In contrast, Dubai’s strength lies in private wealth, with family offices managing over $1 trillion in assets.

• The firm’s expansion also highlights the rising prominence of ADGM, where assets under management surged 33% year-on-year in Q1 2025.

What’s next

• Hudson Bay will likely deepen its credit and real estate strategies in the region, tapping both institutional and private wealth pools.

• As ADGM continues to grow—with 144 asset managers and 29,000 professionals on Al Maryah Island—Abu Dhabi could become a core trading and operations hub for the firm.

• More hedge funds may follow suit, turning the UAE into one of the few global locations where dual-city hedge fund footprints (Dubai + Abu Dhabi) are becoming a competitive edge.

🔍From Smashi Business’ Desk

• Saudi brand strategist Said Baaghil has sparked debate after stating that renowned fast-food chain AlBaik is “falling apart” due to the use of two distinct logos, describing it as a “brand identity crisis.”

• Here’s the real story behind Abu Dhabi’s iconic moniker: The Capital of Capital.

• Arab excellence is possible — and Prince Alwaleed bin Talal proves it, says Emirati Billionaire Khalaf Al Habtoor.

🔍In other news…

• Riyadh Air to order 25 Airbus A350 jets at air show, sources say.

• European tourists push up Oman hotel revenues.

• IMF concludes first mission to Syria since 2009.

• Dubai welcomes 7.15 million tourists in first four months of 2025, up 7 percent.

• Dubai records $962 million real estate transactions in one day: Top investor hotspots for H2 2025 revealed.

• Egypt's Economy Shows Resilience And Growth Potential, Says Finance Minister.

• KEZAD Group Announces Development Of New Business District In Abu Dhabi.

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