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Khaleej Times
an hour ago
- Khaleej Times
Metro Blue Line gives added thrust to Dubai realty boom
Major infrastructure upgrade, which is reshaping Duba's connectivity and unlocking the potential of previously underappreciated areas, is giving an added thrust to the city's real estate market boom. Dubai Silicon Oasis, Academic City, and Mirdif, now more accessible and better integrated, are fast emerging as investment hotspots, following the launch of transformative infrastructure projects, including the Dubai Metro Blue Line. The growth is further driven by rising global investor interest, and a new generation of tech-savvy buyers, according to real estate market analysts. Market experts said there is a noticeable increase in buyer interest within infrastructure-linked zones and mature master-planned communities. The attraction lies in improved accessibility, lifestyle upgrades, and strong potential for long-term capital gains. 'We're seeing a perfect storm of opportunity: Smart infrastructure, digital empowerment, and diversified demand,' noted a spokesperson of A1 Properties. Jayakrishnan Bhaskar, director of Ozon Marketing, said the outlook remains optimistic but measured. Price growth is expected to moderate to between 3.5 and 5.2 per cent, with the median home price projected to rise from Dh1.7 million to as high as Dh1.79 million. The majority of price pressure is expected in mid-tier communities where supply remains tight. V. Sivaprasad, chairman of Condor Developers, said Metro Blue Line will be key game-changer for the Dubai real estate sector, going forward. 'With strong fundamentals, ongoing population growth, and strategic infrastructure investments such as the Blue Line and roads and flyovers, Dubai's real estate market is not just booming—it is evolving into a globally admired model of urban development, tech-enabled innovation, and investor confidence,' said Sivaprasad. The first half of 2025 reflects this surge. Residential sales exceeded Dh120 billion in the first quarter alone, marking an 18 per cent rise compared to the same period in 2024. Average residential prices climbed 5.6 per cent year-on-year, with villa prices jumping 7.9 per cent due to limited supply and high demand, while apartments saw a 4.2 per cent increase. Off-plan properties continue to dominate activity, propelled by attractive payment plans and investor enthusiasm for new developments in infrastructure-enhanced locations. International capital is flowing into Dubai at an accelerated pace. Buyers from the UK, Europe, and India are capitalising on favourable exchange rates and the value of dirham-based assets. With Dubai offering a transparent, tax-free investment environment, cross-border transactions are on the rise—now facilitated by AI-powered platforms that simplify financing, property discovery, and due diligence for overseas buyers. Despite the surge in prices, Dubai's property market remains attractively priced compared to global cities such as London and New York, offering strong value for international investors. This affordability, paired with a stable regulatory environment and a diversified buyer base spanning the GCC, Europe, Asia, and Africa, ensures resilience and cushions the market against regional shocks. Reforms introduced by the Dubai Land Department have brought enhanced transparency and discipline to financing practices, reducing speculation and mitigating bubble risks. The result is a well-grounded market with sustainable fundamentals and long-term appeal. A1 Properties expects Dubai to close 2025 with high absorption rates in infrastructure-connected zones, healthy rental yields, and sustained recognition as a global benchmark for real estate investment. Strategic factors are aligning to reinforce Dubai's position as one of the most dynamic housing markets in the world. Several broader forces are shaping the housing landscape. High mortgage rates—currently between 5.25 and 5.75 per cent—are deterring some first-time buyers and discouraging existing homeowners from upgrading. This dynamic is increasing rental retention and cooling mid-tier resale activity, while also amplifying investor focus on rental yield strategies. Supply remains a critical issue. While developers are launching new projects, actual handovers lag behind, especially in the mid-income segment. Most of the supply pipeline is concentrated in luxury or branded developments, creating a supply-demand mismatch that supports continued price growth in affordable communities. Areas such as Jumeirah Village Circle, Al Furjan, and Dubai South are experiencing strong demand as a result. Population growth is another key driver. Dubai's population surpassed 3.65 million in early 2025 and continues to expand, buoyed by residency reforms and favourable lifestyle conditions. Inflows from India, Russia, China, and Europe are fuelling demand in both ownership and rental markets, particularly in master-planned communities with proximity to transport corridors and employment hubs. While developers have launched high-profile projects in areas like Business Bay and Dubai Creek Harbour, delivery timelines remain focused on premium inventory. This leaves an underserved affordable housing segment where demand continues to rise, especially for move-in-ready units. The rental market is also tightening. High borrowing costs and rising home values are pushing many residents to rent, which in turn is keeping rental yields elevated. Investors are responding by leveraging short-term leasing and extended tenancy agreements to maximise returns. In Q2 2025, 58 per cent of all real estate transactions were driven by foreign buyers, many of whom are acquiring units for income-generating strategies. Dubai's investor-friendly policies—including zero property and capital gains taxes, long-term residency visas, and digital property registration—continue to attract international capital. Enhanced tenancy regulations and digital transaction platforms are further increasing transparency and reducing risk for overseas investors, experts argue. Inventory is likely to remain constrained, especially in affordable and mid-market segments, while high-end handovers dominate the delivery pipeline. Areas such as JVC, Arjan, and Al Furjan are forecast to see increased activity due to their relative affordability and growth potential. According to market watchers, rents are projected to rise between 3 and 4.5 per cent, with strong demand expected for one- and two-bedroom apartments. Vacancy rates are not expected to increase meaningfully due to the limited pipeline of affordable rentals, keeping pressure on existing stock.
Zawya
2 hours ago
- Zawya
African Commission on Human and Peoples' Rights Statement on the Occasion of the International Day of the World's Indigenous Peoples 9 August 2025
The African Commission on Human and Peoples' Rights (ACHPR) joins the international community in commemorating the International Day of the World's Indigenous Peoples, observed annually on 9 August. This year's theme, ' Indigenous Peoples and AI: Defending Rights, Shaping Futures ', invites renewed reflection on the intersection of technology, human rights, and the self-determination of Indigenous communities. While artificial intelligence (AI) and other emerging technologies hold the potential to advance development, they also pose new challenges to the protection of traditional knowledge, cultural heritage, land rights, and privacy. In Africa, Indigenous populations and communities remain integral custodians of biodiversity, guardians of ancestral lands, and bearers of unique cultural identities. Yet, many continue to face systemic discrimination, marginalization, displacement, and the erosion of their cultural and linguistic heritage. The African Charter on Human and Peoples' Rights guarantees the right to equality, non-discrimination, cultural participation, and self-determination, and that these rights extend fully to Indigenous peoples. The Commission underscores the importance of Free, Prior, and Informed Consent (FPIC) in any initiatives affecting Indigenous peoples, including the use of their knowledge, data, and resources in technological systems. AI systems should not exploit Indigenous knowledge Systems (IKS) without compensation. AI should not perpetuate historical injustices or replicate discriminatory patterns; rather, they should be designed and governed in ways that reflect Indigenous worldviews and safeguard their rights. Meaningful participation of Indigenous Peoples in policy-making and in the design of technological systems is essential On this Day, the ACHPR: 1. Calls upon State Parties to the African Charter to adopt and implement robust legal, policy, and institutional frameworks to protect the rights of Indigenous populations and communities, including in the digital sphere. States are encouraged to develop national AI strategies that are inclusive of IKSs as well as Indigenous perspectives and uphold data sovereignty. 2. Urges technology developers and private sector actors to respect Indigenous data sovereignty, avoid exploitative practices, and engage in genuine partnership with affected communities. 3. Encourages civil society, academia, and the media to promote awareness, foster dialogue, and amplify the voices of Indigenous peoples in shaping technological futures. 4. Reaffirms its commitment to monitor, report, and advocate for the full realization of Indigenous peoples' rights, including through its Working Group and other special mechanisms, in conformity with the African Charter on Human and Peoples' Rights and the United Nations Declaration on the Rights of Indigenous Peoples. As the world moves deeper into the digital era, the ACHPR emphasizes that the survival and flourishing of Indigenous peoples in Africa depends on State Parties collective commitment to Indigenous People's Rights, justice, equity, and respect for their environmental custodian role and rights both off and online, today and for generations to come. Distributed by APO Group on behalf of African Commission on Human and People's Rights (ACHPR).
Arabian Business
3 hours ago
- Arabian Business
Kuwait announces new visa for expats in UAE, Saudi Arabia, Qatar, Bahrain and Oman
Kuwait has announced new visa on arrival rules for expat residents living in the UAE, Saudi Arabia, Qatar, Bahrain and Oman. The new visa was announced by First Deputy Prime Minister and Minister of Interior Sheikh Fahad Al Yousef Al Sabah. The tourist visit visa is offered to residents of GCC countries and is designed to boost tourism from neighbouring countries. Kuwait visa on arrival Ministerial Decision No. 1386 of 2025 was published in the official gazette Kuwait Al Youm and is effective immediately. Further details were shared of the major new visa offering: Applicants must have a valid residence visa for a GCC country with a minimum of six months left to run The visit visa will be available upon arrival at ports of entry across Kuwait Local media reports in the country said that the move takes precedent over Decision No. 1228 of 2008, which previously governed the entry of GCC residents into the country under similar provisions. The Ministry of Interior said that new regulations follow Decree Law No. 114 of 2024 concerning the residence of foreigners.
