Abu Dhabi Company Invests in Greek Apartment Venture Blueground

ATHENS – The Greek start-up Blueground, which specializes in short-and-long-term furnished apartment rentals got a key investor in the Abu Dhabi holding company ADQ as part of plans to spread to 35,000 units in 50 cities.

The investment by DisruptAD — ADQ’s venture arm — into the property-tech company will help Blueground reach its target, without providing the value of its investment, reported The National.

This move marks the first deal under the state-owned holding company’s €4 billion ($4.2 billion) bilateral investment partnership with Greece, announced earlier this year,  the site added.

“Our investment in Blueground reinforces our commitment to promoting core sectors of the economy as part of ADQ’s Sovereign Investment Partnership with Greece,” Amer Al Ameri, head of venture capital and technology investments at ADQ, said of the opportunity.

“The success of disruptive technologies, such as the platform developed by Blueground, will act as a catalyst in accelerating the sustainable development of the Greek economy,” he said of the move.

In May, the UAE and Greece said they agreed on deals to invest including  infrastructure, renewable and new forms of energy, health care and pharmaceuticals, food and agriculture, plus logistics, UAE state news agency Wam had reported then.

Blueground, the Athens-based premium furnished rental apartments service, said in September 2021 that it had raised $180 million to fund its expansion into new markets and accelerate its business growth.

That was as demand was returning for rentals as the COVID-19 pandemic continues to wane, adding that it had raised $258 million since its inception, the company valued at $750 million, its website said.

“With its rapidly expanding operations in mature real estate markets globally, Blueground has a promising journey ahead,” Al Ameri said. “Our collaboration will enable us to unlock growth opportunities in line with our mandate in delivering strong and sustainable financial returns,” he added.

Established in 2013, Blueground now operates in 26 cities in Europe, North America and Asia, with a portfolio of approximately 8,000 apartments and hopes to increase that by some 400 percent.


ATHENS - Stefanos Kasselakis, leader of the main opposition party, made an appeal from Kalamata for voters to put an end to the fragmentation of the progressive space by strengthening SYRIZA-Progressive Alliance.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


‘We Have Nothing.’ As Israel Attacks Rafah, Palestinians are Living in Tents and Searching for Food

DEIR AL-BALAH, Gaza Strip (AP) — The tent camps stretch for more than 16 kilometers (10 miles) along Gaza’s coast, filling the beach and sprawling into empty lots, fields and town streets.

BOGOTA, Colombia  — Colombia’s congress voted on Tuesday to ban bullfights in the South American nation, delivering a serious blow to a centuries old tradition that has inspired famous songs and novels but has become increasingly controversial in the countries where it is still practiced.

NEW YORK — Prosecutors were presenting their bribery case against New Jersey Sen.

NEW YORK — Twice per year, New Yorkers and visitors are treated to a phenomenon known as Manhattanhenge, when the setting sun aligns with the Manhattan street grid and sinks below the horizon framed in a canyon of skyscrapers.

BARNSLEY, Ky.  — Devin Johnson’s life was uprooted for a second time when a tornado flattened his home over the Memorial Day weekend — on the same lot in Kentucky where another storm left him homeless in 2021.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.