Object 1 reports 220% sales value growth in Q1 2025 as Dubai real estate continues upward momentum
By Editor_wr On May 12, 2025
Object 1 has announced a robust start to the year, with sales value surging by 220% and sales volume increasing by 140% in Q1 2025 compared to the same period in 2024, according to Dubai Land Department (DLD) data, including resales. The company strengthened its position as a key player in the Jumeirah Village Triangle (JVT) and Jumeirah Village Circle (JVC) districts, while also expanding its presence to Jumeirah Garden City, where it secured the second position by number of initial sales. These results reflect Object 1's growing focus on premium residential developments that combine smart living features, sustainable design, and high-end amenities tailored to discerning buyers.
This momentum comes amid a thriving Dubai real estate market, which recorded a total transaction value of AED 142.7 billion in Q1 2025. Object 1's active pipeline includes 13 projects currently on sale, with a further 9 in design and development across key areas such as JVC, JVT, Dubai Land Residence Complex, Al Furjan, Jumeirah Garden City, and Dubai Sports City. Notably, EVERGR1N HOUSE — a sustainable, biophilic residential concept — sold out within a month, prompting the launch of its sequel, EVERGR1N 2.
'Our exceptional Q1 results are a clear reflection of the market's trust in Object 1 and our commitment to delivering high-quality, future-ready homes,' said Tatiana Tonu, CEO of Object 1. 'The 220% increase in sales value underscores the growing appetite for thoughtfully designed, tech-integrated properties across Dubai. With 13 already launched projects and nine more in the design and development stage, we are focused on expanding our footprint in key communities and continuing to shape urban living through innovation, efficiency, and strong investor value. We also look forward to extending our presence to other emirates, bringing our vision of modern living to a wider regional audience.'
The company's performance aligns closely with broader market dynamics, including increasing demand for off-plan properties, which accounted for 63% of residential sales in 2024. Investors and end-users alike are prioritising properties with green spaces, smart home features, and efficient layouts. Locations such as JVC and JVT remain in demand for studios and one-bedroom units targeting investors, looking for rental returns, while Al Furjan and Dubailand Residence are preferred by end-users seeking two- and three-bedroom homes. According to DXB Interact , JVC emerged as the top-performing district by volume in Q1 of 2025, with over AED 4.5 billion in transactions, reinforcing the growing appeal of well-connected, community-focused developments.
Object 1's buyer base continues to be led by international investors, with Q1 2025 sales dominated by buyers from India, China, the United Kingdom and more. The company remains focused on strengthening its offering in this segment, supported by investor-friendly pricing and long-term growth potential in Dubai and beyond. As part of its 2025 strategy, Object 1 will expand into Abu Dhabi with the opening of a new sales office and plans to launch premium residential developments in key locations.
With sustained demand expected for high-quality, well-located properties, Object 1 is set to continue its upward trajectory through Q2 and beyond, reinforcing its position as one of the fastest-growing developers in the UAE real estate landscape.
Comments are closed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Sharjah 24
5 hours ago
- Sharjah 24
SSSD's "Intaj" Centre organises Eid Al Adha exhibition
The exhibition is held from May 29 to June 1 at Al Rahmaniya Centre, featuring participation from productive families in Sharjah and other branches across the Emirate. Diverse Product Packages on Display Families will showcase a variety of themed collections, including a package for traditional crafts, a package for clothing and accessories, and a package for handmade items. All products have been specially curated to suit the festive atmosphere of Eid. High Public Demand and Strong Community Support Maryam Al Hammadi, Director of the Centre, stated that productive families eagerly anticipate the arrival of Eid Al Fitr and Eid Al Adha in preparation for participating in the exhibition, which continues to draw high public turnout—especially in residential areas near shopping centres. The exhibition has grown to build a loyal fan base among those who appreciate elegance and craftsmanship, thanks to the Department's ongoing commitment to its members in the "Intaj" Centre and its desire to bring them joy by providing an additional income stream to improve their financial well-being. This support has been reflected in external showcases, the launch of an online store, and assistance in obtaining trade licenses from the Sharjah Economic Development Department at affordable rates. Homemade Goods with Natural Ingredients The showcased products are known for being authentically homemade, featuring natural ingredients. The range also includes clothing, accessories, and handmade crafts that align with the needs and traditions of Eid Al Adha. Attractive Promotional Offers Notably, shoppers can take advantage of exciting promotional offers: any customer who spends AED 300 will receive a shopping voucher courtesy of the Sharjah Cooperative Society.
Arabian Post
9 hours ago
- Arabian Post
GulfNav's $871M Deal Signals Strategic Shift in Energy Logistics
Dubai-listed Gulf Navigation Holding PJSC has secured shareholder approval for a AED 3.2 billion acquisition of Brooge Energy Ltd.'s assets, marking a significant expansion into the midstream oil and gas sector. The transaction, involving cash, newly issued shares, and mandatory convertible bonds , is expected to close in the second quarter of 2025, pending regulatory approvals. The acquisition encompasses Brooge Petroleum and Gas Investment Company FZE, Brooge Petroleum and Gas Investment Company Phase III FZE, and BPGIC Phase 3 Limited. These entities operate advanced storage facilities in Fujairah, a strategic oil storage and export hub. GulfNav plans to integrate these assets to enhance its storage and logistics capabilities, aligning with its long-term vision to become a dominant player in the energy sector. The deal's financial structure includes the issuance of 358,841,476 new shares to Brooge Energy at AED 1.25 per share, with a one-year lock-up period. Additionally, MCBs worth AED 2.336 billion will be issued to Brooge, convertible at the same price and subject to a similar lock-up period post-conversion. An extra AED 500 million in MCBs, priced at AED 1.10 per share, will be allocated to existing GulfNav shareholders, with major shareholders covering any unsubscribed bonds. A cash payment of AED 460 million completes the settlement. ADVERTISEMENT CEO Ahmad Kilani stated that the acquisition is expected to generate significant operational synergies, including cost savings from integrated logistics and increased storage capacity. Financially, the deal is projected to enhance GulfNav's revenue streams and improve EBITDA margins over the next few years. The issuance of new shares and MCBs will increase GulfNav's share capital by approximately 320%. Brooge Energy, founded in 2013 and based in the Cayman Islands, operates through subsidiaries focused on clean petroleum products, biofuels, and crude oil storage. Its facilities in Fujairah are among the most technologically advanced in the sector, adhering to international standards. The company's strategic location outside the Strait of Hormuz positions it advantageously in global oil logistics. The acquisition aligns with GulfNav's commitment to sustainable growth and operational excellence. Post-acquisition, the company plans to expand its storage and logistics capabilities to meet the growing demand for midstream oil and gas services in the region. By leveraging Brooge's advanced infrastructure, GulfNav aims to improve operational efficiencies, diversify its service offerings, and unlock new revenue opportunities. Additionally, the company will continue to support the UAE's sustainability goals by exploring innovative solutions, such as alternative fuel storage and reduced carbon emissions. The transaction is subject to customary closing conditions and regulatory approvals. GulfNav's Board of Directors has been authorized to take all necessary actions to finalize the acquisition, including completing regulatory approvals, amending the Articles of Association, and overseeing capital increase procedures.
Web Release
14 hours ago
- Web Release
UAE Transfer Pricing Rules Bring Director Salaries Under New Scrutiny Says ADJC
As businesses across the UAE adjust to the Corporate Tax (CT) regime, ADJC is urging companies to revisit how they remunerate directors, particularly those who may be classified as related parties. Under the new rules, director salaries fall within the scope of Transfer Pricing (TP) scrutiny—an area many businesses are now navigating for the first time. 'The UAE's transfer pricing framework is fully aligned with OECD standards, and that means companies must apply the arm's length principle to all related-party transactions—including director compensation,' said Iftikhar Kazi, Business Manager at ADJC. 'If a director qualifies as a related party, then their salary, bonuses, and benefits must be benchmarked to reflect what an independent party would accept under similar market conditions.' Under UAE CT Law (Federal Decree-Law No. 47 of 2022), related parties include individuals who own or control 50% or more of a business, directors with significant decision-making authority who are also shareholders, and in some cases, even family members. If a director falls into this category, then any payments made to them must meet arm's length criteria—typically substantiated through a benchmarking analysis or Local File documentation. 'Benchmarking director salaries is not just a compliance formality—it's a necessity,' Kazi added. 'Companies should rely on market data from sources such as Mercer, Willis Towers Watson, or regional salary surveys to ensure compensation falls within a defensible range. The Federal Tax Authority (FTA) may challenge excessive payments, especially if they fall outside the interquartile range commonly accepted in transfer pricing reports.' According to Ministerial Decision No. 97 of 2023, companies with revenue above AED 50 million—or part of a multinational group with global turnover exceeding AED 3.15 billion—must maintain contemporaneous transfer pricing documentation, including any material director compensation paid to related parties. ADJC advises UAE businesses to proactively assess their internal remuneration policies, ensure benchmarking is up to date, and prepare robust documentation to withstand potential audits. ADJC is a leading advisory firm in the UAE specializing in corporate tax, transfer pricing, and compliance advisory. With a dedicated team of experts and a deep understanding of regional regulations, ADJC supports businesses in achieving tax efficiency and regulatory
