AKCEL Holding, a Dubai-based diversified conglomerate, has signed a strategic development agreement with XRange Golf Entertainment to develop a network of next-generation golf entertainment venues across the UAE, in a project valued at more than AED1 billion ($272.2 million).

The initiative will introduce technology-enabled golf entertainment destinations that combine interactive driving ranges, digital gaming, hospitality, dining and social experiences designed for residents, tourists and corporate audiences.

Initial development opportunities are being explored in Dubai, Abu Dhabi and Ras Al Khaimah, with additional locations expected to follow as the platform expands.

The golf entertainment venues will strengthen the UAE’s growing gaming industry and attract more regional and international tourists to the country and help accelerate economic growth. The UAE gaming industry is experiencing explosive growth, with the market expected to reach US$857 million by 2032 from US$550 million in 2025, according to a report by MarkNet advisors. 

The project will be supported by the AKCEL Growth Fund, an institutional investment platform operating within the ecosystem of the Dubai International Financial Centre (DIFC). The fund has been established by AKCEL Holding and Enlightened Minds Investments to identify and scale high-growth opportunities across real estate, technology, sports and experiential infrastructure.

Through this structure, the AKCEL Growth Fund will serve as the primary investment vehicle backing the development and expansion of the XRange platform with project development led by AKCEL Realty, the real estate arm of AKCEL Holding, which is advancing projects in the UK and building its presence in the UAE real estate market.

“Experiential leisure is becoming an increasingly important component of modern real estate development,” said Amit Kaushal, Chairman of AKCEL Holding.

“The UAE has established itself as one of the world’s most dynamic tourism and lifestyle destinations. By combining sport, technology and hospitality, we see a significant opportunity to create scalable entertainment platforms that appeal to both residents and international visitors.”

The concept reflects the rapid growth of golf entertainment venues worldwide. The global golf industry is estimated to exceed US$80 billion, while off-course golf entertainment concepts have expanded significantly in markets such as the United States and the United Kingdom, attracting younger audiences and corporate groups through technology-driven experiences.

Beyond the UAE, the partnership also includes international expansion, beginning with India and extending into other high-growth tourism markets, positioning XRange as a scalable global entertainment brand.

Timur Kudratov, Founder of Enlightened Minds Investments, noted that the project represents the type of cross-sector platform the AKCEL Growth Fund was designed to support.

“This is the kind of platform the AKCEL Growth Fund was built to back, where real estate, technology and consumer demand converge into a scalable operating business. XRange is not just a venue concept; it is a modern experiential infrastructure play with clear regional and international potential,” Kudratov said. - TradeArabia News Service