Dubai apartments rapidly reaching 11-year price peaks
More apartment communities in Dubai are rapidly approaching or surpassing their 11-year price peaks, a report showed on Monday. At the same time, villa values have surged to stand 63 per cent above their 2014 highs.
The ValuStrat Price Index reached 214.1 points in April, marking a 1.6 per cent monthly increase and a 25.3 per cent rise year on year. Villa values climbed to 280.5 points, while apartments reached 170.9 points, all benchmarked to a base of 100 points in January 2021.
Villa capital values grew 2 per cent monthly, with an annual increase of 29.8 per cent. The strongest annual performers included villas in Jumeirah Islands (41.7 per cent), Palm Jumeirah (41.3 per cent), Emirates Hills (29.6 per cent), and The Meadows (28.9 per cent). Meanwhile, the lowest gains were recorded in Mudon (8.9 per cent), which has remained relatively stable for the eighth consecutive month. Dubai's freehold villas are, on average, valued 63 per cent above the previous market peak in 2014 and 170 per cent higher than post-pandemic levels.
Apartment prices rose by 1.1 per cent monthly, recording an annual growth of 20.9 per cent. The highest yearly capital gains were seen in The Greens (26.5 per cent), Dubailand Residence Complex (24.8 per cent), Palm Jumeirah (24.5 per cent), Town Square (23.7 per cent), and The Views (23.6 per cent). In contrast, the lowest capital value increases were recorded in International City (13.5 per cent) and the Burj Khalifa (16.9 per cent). 'Apartment valuations are, on average, 69.2 per cent above post-pandemic levels, but 7 per cent below the previous market peak during 2014, however, The Views is the latest community to cross previous price highs after Palm Jumeirah, The Greens, and Jumeirah Beach Residence,' a ValuStrat report said.
Off-plan vs ready homes
Oqood registrations for off-plan homes rose by 22.6 per cent monthly and 61.5 per cent annually in April, accounting for 71.6 per cent of total residential sales.
Meanwhile, ready secondary-home transactions also rebounded, increasing 12 per cent from the previous month and 49.6 per cent annually, following a slower March impacted by the holy month of Ramadan.
Prime home sales
There were 31 transactions for ready properties priced over Dh30 million, situated in Dubai Hills Estate, Palm Jumeirah, Jumeirah Bay Island, Downtown Dubai, Al Barari, Dubai South, Business Bay, District One, and Jumeirah Golf Estates.
April 2025 saw Emaar (13.4 per cent), Damac (10.8 per cent), Binghatti (7 per cent), Nakheel (4.3 per cent), Azizi (3.5 per cent) and Danube (2.6 per cent) lead the developer sales charts overall.
Top locations
Top off-plan locations transacted included projects in Jumeirah Village Circle (9.5 per cent), Damac Island City (8.1 per cent), Dubai Production City (6.1 per cent), Business Bay (5.2 per cent), and Dubailand Residence Complex (4.6 per cent). Dubai Marina broke its individual record with the highest number of off-plan homes traded in one month. Meanwhile, most ready homes sold were in Jumeirah Village Circle (8.5 per cent), Business Bay (8 per cent), Dubai Marina (5 per cent), Meydan One (4.3 per cent), and Downtown Dubai (3.6 per cent). Business Bay broke its individual record with the highest number of ready homes traded in one month
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
15 minutes ago
- Khaleej Times
Scents of Innocence: How fragrance is becoming popular among children
In the ever-evolving world of personal care and grooming, a subtle yet sweet-smelling trend is emerging — one that's tailored not for adults, but for the littlest members of the family. Across the UAE, children's fragrances are becoming an increasingly popular part of growing up, with parents exploring light, safe, and hypoallergenic options that help their kids feel confident, clean, and just a little bit fancy. From back-to-school bundles to Eid gifts and birthday party goody bags, perfumes for kids are making their way into daily routines and special occasions alike and retailers are taking note. Why kids are wearing fragrance In today's multicultural environment, personal hygiene and grooming are not only part of family upbringing but also closely tied to cultural values. Scent, in particular, holds great significance in Emirati and wider Arab traditions. Children often grow up seeing their parents layer perfumes or wear oud-based scents on religious and family occasions, naturally developing an interest in fragrances. Today, that interest is translating into real choices with child-friendly scents that reflect a playful, clean, and innocent personality. These perfumes are usually light, floral, fruity, or powdery in composition and are designed to complement a child's natural scent rather than overpower it. More than just smelling nice, fragrance for children is increasingly being seen as part of early self-care habits. Parents often describe it as a gentle confidence booster, helping children feel ready and fresh for their day — whether it's heading to school, going out for family gatherings, or dressing up for festive celebrations. What makes a fragrance child-friendly? Children's skin is more sensitive than adults', which is why safety and ingredient integrity are paramount in any fragrance made for kids. In the UAE, consumers are becoming more informed and selective about what goes on their children's skin. Most kid-friendly perfumes are alcohol-free, paraben-free, and dermatologically tested to prevent irritation. Many opt for water-based formulas or oil-based attars that are soft, long-lasting, and safe for young skin. These fragrances usually come in fun, colourful packaging — shaped like cartoon characters, toys, or animals — and are often marketed as part of themed collections, which makes them extra appealing to children. Spray bottles are designed with safety caps and gentle mists to make the product easy and enjoyable for children to use independently. Occasions for a Spritz In the UAE, children's perfumes are commonly used for several occasions, both casual and formal: Daily use (school and play): Parents often apply a light, non-intrusive fragrance to their kids as part of their morning routine, especially when getting ready for school. These everyday scents are typically fruity or powdery; think peach, vanilla, soft florals, or clean cotton. Festive events (Eid, weddings, birthdays): For more formal occasions, children are dressed in traditional attire and paired with a slightly richer scent; often rose, musk, or gentle versions of oud. This mirrors the cultural practice of using fragrances to celebrate and show respect at gatherings. Gifting and personalised sets: Fragrances are also becoming a go-to choice for birthday gifts and party favours. Many retailers in the UAE now offer customised perfume sets for children, complete with body sprays, lotions, and gentle shower gels; all in one theme or scent family. A growing market segment The children's fragrance segment in the UAE is still considered niche, but it's rapidly expanding. As per retail observations, local stores and e-commerce platforms are increasingly dedicating shelf space and search categories specifically to 'kids' perfume' or 'baby and toddler fragrance.' Parents from across cultural backgrounds - Emirati, South Asian, Western, and others — are embracing this trend not just as an indulgence, but as part of a well-rounded personal care regimen for their children. In a country where grooming, cleanliness, and presentation are highly valued, the rise of fragrances for kids fits naturally into the lifestyle. It's not uncommon to see toddlers with their own little toiletry kits — complete with hairbrushes, colognes, and lotions - mimicking the adult rituals they observe daily. As demand grows, manufacturers are focusing on creating safer, more inclusive, and eco-friendly fragrance options for children. Organic ingredients, refillable bottles, and sustainable packaging are beginning to enter this space — aligning with the wider UAE market's shift toward conscious consumerism. At the same time, experts suggest that while introducing fragrance to children can be a delightful practice, it should always be done thoughtfully. A patch test before regular use and choosing age-appropriate formulations remain key. In the UAE's scent-savvy society, where tradition meets modernity in nearly every aspect of life, children's perfumes are more than just a novelty; they're a gentle introduction to the world of personal expression, wrapped in a bottle and topped with a bow.
Khaleej Times
15 minutes ago
- Khaleej Times
UAE perfume industry: From oud roots to global heights of luxury
From the smoky allure of oud to the delicate touch of rose and musk, fragrances have long held a sacred place in the cultural fabric of the Middle East. In the UAE, this age-old tradition has blossomed into a multi-million-dollar industry — one that marries heritage with innovation and is now drawing global attention. What was once a ritual rooted in tradition, with handcrafted perfumes sold in small glass vials at local souqs, has transformed into a sophisticated industry powering regional and international markets. The UAE has rapidly emerged as one of the largest producers and exporters of perfumes in the Middle East and North Africa (Mena) region, turning its olfactory heritage into a full-fledged economic success story. According to a recent report by IMARC Group, the UAE's perfume market reached a remarkable $748.9 million in 2024. With a projected compound annual growth rate (CAGR) of 9.22 per cent from 2025 to 2033, the market is expected to more than double and hit $1.72 billion by the end of the forecast period — a testament to the country's rising prominence in the global fragrance industry. A fragrant history Perfume-making in the Arab world dates back centuries, with roots stretching to ancient Egypt and Mesopotamia. Yet it was the Arab civilisation that perfected the craft through the introduction of distillation techniques and the incorporation of regional natural ingredients like oud, musk, and amber. These elements form the backbone of traditional Middle Eastern scents rich, warm, and opulent — and continue to dominate consumer preferences in the UAE today. Perfume is not just a luxury item here; it is an extension of one's identity, a daily ritual, and an embodiment of hospitality and pride. A fusion of east and west While tradition remains at the heart of the UAE's perfume culture, the modern market reflects a growing global influence. Perfume makers in the country are embracing fusion — blending Eastern depth with Western freshness and aesthetics. Contemporary floral, citrus, and fruity notes are increasingly being layered with traditional base ingredients, appealing to a broader and more diverse audience. This cultural confluence has helped transform the UAE from a regional leader into a global influencer. The perfume industry here isn't just preserving a legacy — it's reimagining it for the modern era. Among the standout trends shaping the UAE fragrance landscape is perfume layering — the art of combining multiple scents to craft a signature fragrance that is deeply personal. This practice allows wearers to tailor their scent based on their mood, occasion, or even time of day, creating a fluid and evolving olfactory experience. This trend speaks to the growing demand for individuality and self-expression. Perfume is increasingly seen as a wearable identity — a scent that tells your story before you say a word. Preference for natural and oil-based scents In a market increasingly conscious of quality and longevity, oil-based perfumes have made a strong comeback. Favoured for their intensity and extended wear, these alcohol-free formulations resonate deeply with cultural traditions and consumer expectations. Natural ingredients — particularly oud — continue to reign supreme. Highly valued for its smoky, resinous aroma and spiritual symbolism, oud remains a hallmark of high-end perfumery in the UAE. Extracted from the heartwood of agar trees, it is both rare and revered, reflecting the country's appreciation for exclusivity and craftsmanship. Fragrance as everyday elegance There has also been a cultural shift in the way perfumes are consumed. No longer reserved for special occasions, fragrances are now a part of daily grooming rituals for both men and women. There's a growing awareness of how scent enhances personality and confidence, making it an essential accessory in modern Emirati life. Perfume has evolved from being a luxury to becoming a form of personal empowerment — a silent signature that speaks volumes. As the UAE continues to invest in its creative economy, the perfume industry stands poised for even greater expansion. Local manufacturers are scaling operations, while international perfume houses — drawn by the country's rich cultural base and strategic location — are seeking partnerships and presence in the market. The country's ability to blend the authenticity of its past with the ambition of its future is precisely what sets its fragrance industry apart. Whether through ancient attars or modern layering techniques, the UAE is redefining perfumery not just as a product, but as an experience, an identity, and a cultural art form. In a world where scent is often tied to memory, mood, and meaning, the UAE is ensuring its fragrant legacy not only lingers but leads.
Gulf Business
23 minutes ago
- Gulf Business
Emirates Airline chief Sir Tim Clark sees positive progress at troubled Boeing
The head of the world's largest international airline, Dubai's Emirates, said on Sunday there were positive signs of progress at Boeing, having previously voiced frustration over delays in delivery of new jets from the plane maker. Emirates President Sir Tim Clark said he was seeing a greater degree of determination from Boeing to resolve its many issues under a recently appointed CEO, and management had indicated cautious optimism over its recovery in discussion with Emirates. Read- Boeing is trying to stabilise and ramp up production after a quality crisis and then labour strike shuttered production of most of its aircraft last year. Boeing is also awaiting certification from the US Federal Aviation Administration for its 777X wide-body plane, of which Emirates has 205 on order. Deliveries of the 777X are set to start in 2026, six years behind schedule. Emirates has been told it could receive its first 777X any time between the second half of 2026 and the first quarter of 2027, Clark said, adding that he was sensing a more positive tone from Boeing on the plane's progress. Delays in plane deliveries Boeing and European plane maker Airbus are months and years behind on new plane deliveries, frustrating airlines that want to upgrade to more fuel-efficient aircraft and launch new services. Speaking at a news briefing on the sidelines of an IATA airline summit, Clark said the industry was still facing chronic aerospace supply problems and challenged plane makers to take responsibility. 'I am pretty tired of seeing the hand-wringing about the supply chain: you (manufacturers) are the supply chain,' Clark said. Last week, sources told Reuters that Airbus has been warning airlines it faces another three years of delivery delays in working through a backlog of supply-chain problems. Clark said the pandemic was no longer an acceptable excuse. 'It's a highly consolidated industry … I don't think they've managed to strip out the inefficiencies of the smaller units they brought together,' he said of the largest aerospace firms. Tariff Impact Clark said he expected US manufacturer GE Aerospace, which makes engines for some of Emirates' planes, to absorb a lot of the impact from tariffs into its own margins. GE is Emirates' main engine supplier. It has said that it is passing along tariff costs to customers in the form of a surcharge. Clark has previously expressed frustration with its other engine supplier, Britain's Rolls-Royce, because some engine models have struggled with maintenance problems when operating in the world's hottest climates. On Sunday, Clark said opportunities still exist in the Gulf region for Rolls-Royce if it can deliver the required performance. He left open whether a potential deal for Rolls-powered Airbus A350-1000 jets, which faltered over the durability of their engines at the Dubai Airshow in 2023, would be ready in time for the next edition in November this year. 'I am not sure about that,' he told reporters.
