HHD Real Estate AI Brief

H1 2026 revenue grew 28.9% year-on-year to AED 1.4bn, EBITDA AED 302.7m.

Domestic order intake of AED 2.5bn includes 100% renewal rate on national programmes.

Debt-free balance sheet holds AED 2.0bn cash; medium-term revenue compound annual growth rate (CAGR) guidance is 20–25%.

Cobi was founded in 2024 by Darren Edmund and Botlhale Mosoane in the UAE.

Plug and Play, Annex Investments, and Spring participated alongside lead investor Lunara Partners.

Capital targets enterprise deployments across the Middle East and international markets.

TensorWave is valued at $1.5bn and raised $350m in June, co-led by Magnetar and AMD Ventures.

Project Matador's facility carries 222 megawatts (MW) of power, with capacity for tens of thousands of AMD graphics processing units (GPUs).

Lease includes two five-year renewal options and rights to expand into two additional campus data centers.