Data · 5 October 2026Demo
Dubai flex offices: a chart with commentary
An example of the Data format: one chart, a one-line conclusion and an analyst's comment.
1 November 2026Real estate investment banking across Russia, the Gulf and Europe
Flagship research · 20 October 2026Demo
Moscow land: why joint ventures are replacing outright sales
How land deal structures change when debt is expensive, and what works better for an owner: sell now, contribute land to a JV or wait.
Carte Capital Research · 8 min read
150bn RUB in projects and deals since 2005
50+transactions over 20 years
15+markets with investors and partners
Latest research
All research →Case · 15 September 2026
Meliora Place: how a sale-leaseback works for an office building
A 2022 deal: a 5,000 m² Class B business centre sold to Transfin-M with a leaseback to the owner.
Case · 28 August 2026
Buying an office building in central Moscow: senior and mezzanine from two lenders
How we put together acquisition financing with senior debt and a mezzanine loan from two different lenders.
News
All news →- 31 October 2026 Carte Capital launches a new website with a research section
- 31 December 2025 Carte Group opens an investment portal
- 1 June 2025Demo Antognolla: a golf resort in Umbria joins the project portfolio
Market in numbers
Q3 2026 Investment volume, 9M xxx bn RUB
Cap rate, Class A offices x.x% Moscow
Land share of deals xx% of volume
Project debt rate xx% key rate + spread
Topics
Topics → Land and development Land sales, joint ventures with developers and the economics of waiting. 1 → Offices Office markets in Moscow and Dubai, sale-leaseback and refinancing. 3 → Debt and mezzanine Senior, mezzanine and equity: what capital costs developers and owners. 3 → Hotels and resorts Operator agreements, branded residences and resort projects. 1 → UAE Dubai and Abu Dhabi: logistics, flex offices and ADGM structures. 1 → Cross-border capital How capital moves between Russia, the Gulf, Europe and Asia. 3 →
From our practice
All transactions →| 2026 | 22 Palms | Offices | 7,000 m² |
| 2025 | Antognolla | Golf resort | 33,000 m² |
| 2025 | Courtyard | Hotel | 12,000 m² |
| 2024 | DIP | Warehouses | 33,000 m² |
| 2023 | Al Salam Tower | Flex offices | 1,000 m² |