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EgyptDubai’s The Box Raises $12.5M to Expand Self-Storage Services Amid Rising Demand
2 min
The $12,5 million funding round was led by Shorooq Partners, reinforcing investor confidence in the self-storage market.
The Box provides flexible storage units ranging from 25 to 1,000 square feet, serving both individuals and businesses.
The company plans to build a cutting-edge storage facility in central Dubai as part of its expansion.
Dubai’s growing expat population and evolving business landscape are driving increased demand for storage solutions.
Shorooq Partners sees the investment as a strategic move to support the UAE’s expanding logistics and storage sector.
Dubai’s fast-growing self-storage provider, The Box, has secured a significant $12.5 million investment led by regional investment powerhouse Shorooq Partners. The funding aims to support the company’s ambitious expansion plans, including the development of a new high-tech storage facility in central Dubai.
With the UAE’s evolving urban landscape and a steady influx of expatriates, demand for flexible and secure storage solutions has surged. The Box has positioned itself as a key player in this space, offering tailored storage options for both individuals and businesses. Whether customers need compact 25-square-foot lockers or spacious 1,000-square-foot units, the company provides scalable solutions to fit a range of needs.
Speaking about the funding, CEO and founder Wadih Haddad expressed his enthusiasm for the partnership with Shorooq, emphasizing that the investment would enable The Box to enhance its services and set a new standard for self-storage in the region, he said:
“This funding comes at a crucial time as we continue to innovate and meet the growing demand for modern, secure, and easily accessible storage solutions”
Joe Baron, Chief Credit Officer at Shorooq Partners, highlighted the strategic importance of the investment, pointing to the rising demand for storage infrastructure in the UAE, he explained:
“We see The Box as a leading force in the self-storage sector, and our investment reflects our confidence in their vision. With Dubai’s dynamic real estate market and increasing mobility, the need for high-quality storage solutions will only grow”
The newly planned storage facility in central Dubai is expected to feature advanced security systems, climate-controlled units, and smart access technology, setting a benchmark for modern self-storage in the region.
As the UAE’s business ecosystem continues to expand, The Box is well-positioned to capitalize on the growing need for flexible storage. With fresh funding in hand and a clear vision for the future, the company is gearing up to redefine the self-storage experience for residents and businesses alike.
