Dubai real estate: Luxury real estate sales passed $19bn in 2024 and this neighbourhood is emerging as an investor favourite
Luxury real estate sales in Dubai passed $19bn in 2024 and Meydan is emerging as a favourite destination for high-quality living and high-yield real estate investment, according to ZāZEN Properties.
Backed by a surge in upscale developments, forward-thinking urban planning, and strong market performance, Meydan is drawing attention from discerning investors and homebuyers.
Its growth aligns closely with the goals outlined in Dubai's Urban Master Plan 2040 and Dubai Economic Agenda D33, which prioritises connected, sustainable and community-focused development.
Meydan in Dubai real estate investments
Meydan offers a mix of residential, commercial and family-focused experiences, characterised by premium retail outlets, luxury hotels, fine-dining establishments, and expansive green spaces.
Luxury real estate sales continue to soar, with properties priced above AED15m ($4.1m) reaching AED71bn ($19.3bn) in sales value in 2024, a remarkable 688 per cent increase since 2015.
This trend is expected to persist as demand outpaces supply, with Meydan seeing a series of landmark developments reinforcing its potential.
These include a AED947m ($258m) ultra-luxury villa project, a AED300m ($81.7m) residential project of 110 exclusive homes by an international developer, a AED100m ($27m) community featuring eco-friendly residences with smart home technology, and other bespoke villas and apartment buildings.
Madhav Dhar, COO and Co-Founder of ZāZEN Properties, said: 'Meydan is emerging as an ideal micro market for high-end sustainable community living. Its combination of high-quality, luxury developments, strategic location, and focus on larger green community spaces aligns well with ZāZEN Properties' vision of delivering thoughtful, future-ready living experiences.
'Its accessibility from Downtown Dubai and Business Bay, coupled with proximity to Sheikh Zayed Road, Al Khail Road, and Dubai International Airport, makes Meydan an ideal choice for investors and residents alike.'
With projected annual rental yields between 6 per cent and 8 per cent, Meydan offers returns that exceed averages seen in other prime locations across Dubai and globally.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Today
3 days ago
- Gulf Today
Dubai Fitness Challenge in November, sunset yoga session to end event
The organising committee of the Dubai Fitness Challenge (DFC) has announced that its ninth edition will take place from 1st to 30th November, coinciding with the 'Year of the Community'. The committee also unveiled a bold, refreshed brand identity, which celebrates its transformative impact on the city's health and wellbeing. The announcement was made at a special gathering held to thank the government entities, schools, corporate entities, partners, fitness establishments and local communities that have helped make the annual event a resounding success. Khalfan Belhoul, Vice Chairman of the Dubai Sports Council and CEO of the Dubai Future Foundation, began the ceremony with gratitude for every individual, organisation, government partner and stakeholder who has helped shape the success of DFC, noting that more than 13 million people have taken part over eight editions. Launched in 2017 by Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, and Chairman of the Executive Council of Dubai, the DFC embodies his vision to transform Dubai into one of the world's most active cities. Driven by this visionary leadership, the initiative's ongoing success supports the objectives of the Dubai Economic Agenda D33, reinforcing the city's position as a global leader in both business and lifestyle. Commenting on the impact of DFC, he said, 'With 2025 declared the Year of Community in the UAE, I am confident that this year's edition will once again unite friends, families, and organisations in the shared pursuit of a healthier, more active lifestyle.' Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment, said the Dubai Fitness Challenge has played a key role in encouraging healthier lifestyles and advancing the D33 Agenda's vision of making Dubai the best place to live, work, and visit. He added that the initiative's refreshed brand reflects its dynamic spirit and ongoing impact, as it continues to enhance well-being and strengthen Dubai's global standing. Alongside the refreshed brand, the 2025 highlight calendar was revealed, featuring 30 days of free and inclusive fitness events, fitness villages, community hubs, classes, and activities. This year's Challenge will feature a brand new flagship event: Dubai Yoga, which will bring the 30-day Challenge to a close with a sunset yoga session on 30th November. Returning events include the Dubai Ride, presented by DP World on 2nd November; Dubai Stand-Up Paddle on 8th-9th November; and Dubai Run, presented by Mai Dubai, on 23rd November. The 2024 edition saw a record-breaking 2,735,158 participants - a 14 percent increase from 2023. Data from 2024 highlights DFC's lasting impact: 18 percent of participants reported improved physical fitness, 15 percent noted enhanced psychological wellbeing, and 14 percent experienced greater self-esteem and reduced anxiety. WAM
Hi Dubai
4 days ago
- Hi Dubai
The New Layover Luxury: How Airports Are Becoming Destinations in Themselves
The days of dreading long layovers are fading. For Dubai residents, who frequently jet across the globe through one of the world's busiest aviation hubs, the airport experience is no longer about racing to a gate or enduring endless queues. It's about savoring a moment. Airports, once sterile transit points, are transforming into vibrant destinations that rival the cities they serve. From gourmet dining to wellness spas and architectural marvels, the modern airport is redefining travel. For those living in Dubai, where aviation is a way of life, this evolution hits close to home. Dubai International Airport (DXB) already sets a high bar, but the upcoming Al Maktoum International Airport (DWC) promises to raise it even further. This shift reflects a broader trend. Airports worldwide are tapping into the experience economy, turning layovers into opportunities for luxury, leisure and even cultural immersion. Travelers are no longer just passing through. They're lingering, shopping, dining and relaxing in spaces designed to captivate. Explore how airports are becoming lifestyle hubs, mini-cities and luxury retreats. From stunning architecture to wellness zones and curated layover experiences, here's how airports are rewriting the travel narrative. The Rise of the Airport Experience Economy Dubai International Airport / Image Source: Emirates Airports have always been about movement, but today they're about moments. Global travel trends, longer layovers and the rise of mega-hubs like Dubai have shifted priorities. With passenger numbers soaring— DXB handled 92.3 million passengers in 2024 —airports see idle time as an economic opportunity. Instead of letting travelers twiddle their thumbs, they're encouraging them to spend on dining, shopping and entertainment. This is the airport experience economy, where every moment is a chance to engage. The concept of 'slow travel' is gaining traction. Travelers, including Dubai's jet-setting residents, are choosing longer layovers to explore airports or nearby cities. Airlines like Emirates and airports like DXB capitalize on this by offering curated experiences, from city tours to in-terminal perks. The economic impact is massive. Airports generate billions in non-aviation revenue like retail, dining and services. For instance, DXB's duty-free shops alone raked in AED7.9 billion in 2024. This shift isn't just about profit; it's about reimagining the airport as a destination where travelers want to linger. Architecture, Art & Aesthetics: Instagrammable Airports Singapore Jewel Changi Airport / Image Source: Architecture Digest Step into Singapore's Changi Airport, and you're greeted by a 40-meter indoor waterfall, the Rain Vortex, surrounded by a lush forest. In Doha's Hamad International, a giant yellow teddy bear sculpture by Urs Fischer doubles as an art statement and a selfie magnet. Closer to home, Dubai Terminal 3 at DXB stuns with its sleek design, palm-lined atriums and shimmering gold accents. These airports aren't just functional. They're architectural masterpieces designed to dazzle. Modern airports are becoming part of a city's cultural branding. Dubai, a city synonymous with ambition, uses DXB to showcase its modernity. The terminal's open spaces, natural light and art installations reflect the emirate's futuristic ethos. Other airports follow suit. Changi's Jewel complex, with its glass-domed rainforest, is a tourist attraction in its own right. Hamad International's airy design and Qatari art collections scream sophistication. These spaces are built to be shared on social media, turning airports into Instagrammable landmarks that boost a city's global image. For Dubai residents, DXB's aesthetic is a point of pride; a gateway that mirrors the city's grandeur. The Hotel-ification of Terminals Oryx Airport Hotel at Hamad International Airport / Image Source: Qatar Airways Gone are the days of napping on hard airport benches. Today's terminals feel like boutique hotels. At DXB, Emirates' First Class Lounge offers private suites, fine dining and a spa with complimentary massages. Across the globe, airports are upping the ante. Doha's Hamad International boasts the Oryx Airport Hotel with a swimming pool and squash courts. San Francisco International has a yoga room for travelers to unwind. Sleeping pods, like those at DXB's Sleep 'n Fly lounges, provide cozy nooks for a quick nap. These amenities are a game-changer. Whether you're a frequent flyer or heading on a holiday, DXB's wellness offerings like in-terminal massages and quiet zones make layovers feel like mini-retreats. Other airports are catching up. Helsinki-Vantaa offers saunas, a nod to Finnish culture. Munich Airport has nap cabs and a rooftop terrace. These spaces prioritize comfort, turning the airport into a sanctuary rather than a stress zone. The result? Travelers arrive refreshed, not frazzled. Gaming Lounge at Dubai International Airport / Image Source: The National Airports have moved beyond duty-free liquor and perfume. Today, they're retail and culinary powerhouses. DXB's shopping scene rivals Dubai Mall, with designer boutiques like Chanel and Rolex. Dining has gone gourmet. DXB offers local flavors at places like Jones the Grocer alongside international chains like Shake Shack. Entertainment is evolving too. Incheon Airport in South Korea has a cinema and ice-skating rink. Los Angeles International features live music pop-ups. DXB's Zen Garden and gaming lounges keep travelers engaged. For Dubai residents, these options make layovers a chance to shop for luxury goods or enjoy a world-class meal without leaving the terminal. Airports are also embracing local culture. Qatar's Hamad International serves Arabic mezze, while Tokyo's Narita offers sushi bars. This blend of global and local creates a dining and shopping experience that feels like a destination itself. Wellness & Sustainability: A New Focus Be Relax at Dubai International Airport / Image Source: Dubai Airports Travel can be exhausting, but airports are prioritizing well-being. DXB's quiet zones and prayer rooms cater to spiritual and mental health. Natural lighting floods terminals, reducing stress. Oslo Airport's green roof and indoor plants improve air quality. Meditation zones, like those at San Francisco International, offer calm amidst the chaos. Sustainability is another priority. DXB aims to achieve 50% carbon neutrality by 2030 , with solar panels and eco-friendly food courts. Oslo Airport uses snow collected in winter to cool terminals in summer. Al Maktoum International, under construction, targets LEED Gold certification with energy-efficient designs. These efforts resonate with Dubai residents, who live in a city pushing for sustainability. Green initiatives not only reduce environmental impact but also enhance the traveler experience, making airports feel fresh and forward-thinking. The Business Traveler's Playground Image Source: Inc. Magazine For Dubai's business community, airports are more than transit points; they're workspaces. DXB offers ultra-fast Wi-Fi, co-working lounges and private meeting rooms. Emirates' Business Class Lounge includes workstations and shower suites. Other airports are following suit. London Heathrow's Plaza Premium Lounge offers nap pods and tech rentals. Singapore's Changi has dedicated business zones with high-speed internet. The rise of 'bleisure' travel, blending business and leisure, is shaping airport design. Travelers want to work efficiently and relax in style. DXB's concierge services, like baggage handling and fast-track immigration, save time. These amenities make business trips seamless, whether you're closing a deal or catching a quick nap before a meeting. Airports are becoming extensions of the office, tailored to the needs of the modern professional. Layovers as Mini-Vacations Image Source: Economy Middle East Savvy travelers, including Dubai residents, are turning layovers into mini-vacations. Why rush through an airport when you can enjoy its perks? Airlines like Turkish Airlines offer free Istanbul city tours for layovers over six hours. DXB's stopover packages include hotel stays and desert safaris. A 12-hour layover at DXB could look like this: start with breakfast at Giraffe World Kitchen, relax with a massage at the Be Relax Spa, shop at duty-free boutiques, and catch a movie in the Zen Garden's media lounge. If time allows, take a shuttle to Dubai Mall or Burj Khalifa for a quick city adventure. This trend is global. Singapore's Changi offers free city tours, including a heritage trail. Doha's Hamad International arranges desert excursions. These experiences turn layovers into opportunities to explore, making airports gateways to both the terminal and the city beyond. DXB's proximity to iconic landmarks makes it easy to blend airport time with a taste of the emirate's glamour. Al Maktoum Airport's Game-Changing Blueprint Dubai is no stranger to setting global benchmarks, and Al Maktoum International Airport (DWC) is poised to redefine the airport experience. Set to be the world's largest airport by 2050 , DWC will span 70 square kilometers, five times the size of DXB. With a $35 billion investment, the first phase, due by 2032, will handle 150 million passengers annually. When fully operational, it will accommodate 260 million passengers and 12 million tonnes of cargo yearly, making it a global logistics powerhouse. DWC's features are futuristic. Biometric immigration and smart gates will eliminate check-in counters. AI-driven baggage systems and robotics will streamline operations. An automated people mover will whisk passengers across two terminals and seven concourses with 400 aircraft gates. Sustainability is central, with LEED Gold certification and solar-powered infrastructure. The airport will integrate with Jebel Ali Port, creating a multimodal logistics hub connecting air, land and sea. Beyond functionality, DWC will be a lifestyle destination. Plans include luxury hotels, high-end retail and entertainment zones. An 'aerotropolis' will surround the airport, housing one million people and hosting global logistics firms. For Dubai residents, DWC will be a source of pride and convenience, located just 30 minutes from downtown. Emirates and flydubai will relocate to DWC by 2034, ensuring seamless transitions. This mega-hub will not only elevate Dubai's aviation status but also set a new standard for airports worldwide, blending luxury, technology, and sustainability. Airports have transformed from stress-filled transit zones to luxury getaways. No longer just a means to an end, they're destinations where travelers shop, dine, relax and even work. For Dubai residents, this evolution is especially meaningful. DXB already offers a taste of this luxury, but Al Maktoum International will take it to new heights, blending cutting-edge technology with unparalleled comfort. This shift reflects the modern travel ethos: it's not just about the destination but the journey itself. As airports like DWC redefine what's possible, your next favorite destination might not be a city—it might be its airport. Also Read: Revealed: Dubai's New Airport to Have Monorails, Mini Forest And More Dubai's Al Maktoum International Airport (DWC) is poised to become a city within itself, boasting its own transportation network, green spaces, entertainment zones, and retail outlets. Things to do in your leisure time at Dubai International Airport (DXB) If you find yourself with some time to spare at DXB, here are some things you can do to make the most of your layover. UAE Airports Set Global Standard with Smart Travel Innovations UAE airports are redefining the future of air travel with groundbreaking digital transformations, according to Selim Bouri, President for the Middle East and Africa at SITA. DWC Airport Unveils Futuristic Travel Experience Featuring AI, Robots and Seamless Check-In Dubai is set to redefine air travel with a cutting-edge experience at Al Maktoum International Airport (DWC), where artificial intelligence, autonomous robots, and biometric systems will work together to create one of the most seamless airport journeys in the world. Al Maktoum International Airport to Begin Operations by 2032 Dubai's aviation landscape is set for a dramatic transformation as Al Maktoum International Airport (DWC) moves closer to becoming the new aviation hub of the emirate.
Gulf Today
5 days ago
- Gulf Today
Sheikh Hamdan visits world's largest diamond tender facility at DMCC
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, and Chairman of The Executive Council of Dubai, visited the Dubai Multi-Commodities Centre (DMCC), taking in a first-hand tour of the Dubai Diamond Exchange (DDE), the largest diamond tender facility in the world. The visit coincided with a defining moment for the UAE's diamond industry, as DMCC recently announced the milestone of over 1 billion carats of rough and polished diamonds traded over the past five years – reinforcing its position as the dominant force in global diamond trade. Sheikh Hamdan, accompanied during the visit by Omar Bin Sultan Al Olama, Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications, was welcomed by Dr. Hamad Buamim, Chairman of the Board of DMCC; Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC; and Feryal Ahmadi, DMCC's Deputy Chief Executive Officer and Chief Operating Officer. Sheikh Hamdan visited the Dubai Diamond Exchange tender floors, where he was apprised about the trade practices in place for rough and polished diamonds, coloured gemstones and lab-grown stones. He also received briefings on DMCC's comprehensive diamond ecosystem, including the strategic expansion of the Gemological Institute of America (GIA) into DMCC's new district, Uptown Dubai. Sheikh Hamdan said, 'The visit provided the opportunity to see first-hand how DMCC continues to play a central role in driving global trade and investment flows to Dubai, positioning the emirate as a world-class business hub. As we advance our economic diversification journey under the Dubai Economic Agenda D33, DMCC is leading the way in building high-performance, globally connected ecosystems that attract innovation, talent and capital across priority sectors.' Sheikh Hamdan was also updated on the regulatory, policy and infrastructure advancements that have propelled the UAE to become the leading hub for rough diamond trade worldwide. The accelerated growth of the UAE in polished and lab-grown segments – combined with its leadership role as both Chair and Custodian Chair of the Kimberley Process – has positioned Dubai as a future-ready, innovative, responsible and globally trusted centre of excellence for the diamond industry. In parallel to the visit, DMCC unveiled the Strategy 2033 – a bold new vision that places its specialised industry ecosystems at the heart of its growth for the coming decade. From world-leading hubs in diamonds, gold, and energy, to future-focused platforms for AI, Web3, blockchain, and gaming, DMCC's strategy is designed to accelerate the growth of key global sectors through value-add services including tailored licensing, infrastructure, and access to capital and industry expertise. The strategy builds on a model that has firmly established DMCC as one of the world's leading and fastest-growing free zones. With momentum accelerating across its entire ecosystem, DMCC is on track to exceed 26,000 member companies by year-end. DMCC's success lies in the consistent expansion of both legacy and frontier sectors. Over the past five years, the precious stones ecosystem has surged by 177%, precious metals by 74%, and energy by 72%, while the coffee and tea trade continues to show resilient growth. Meanwhile, DMCC's newer technology ecosystems have scaled rapidly, mirroring Dubai's ascent as a global centre for innovation. This has coincided with a period of sustained growth for DMCC, which now accounts for 15% of Dubai's foreign direct investment and 7% of its GDP. Sheikh Hamdan's visit also highlighted the wider transformation of the Jumeirah Lakes Towers (JLT) and Uptown districts into thriving business and lifestyle destinations – underscoring the role of DMCC in shaping the urban and economic landscape of Dubai. Today DMCC is home to over 25,000 companies and, in recent years, has seen exponential growth from companies in new industries such as Web3, Crypto, Gaming and AI. The visit concluded with Sheikh Hamdan being presented with a deluxe edition of DMCC's 2024 Future of Trade report, which explores the shifting dynamics of international commerce and forecasts key trends shaping global markets. Dr. Hamad Buamim, Chairman of the Board, DMCC, said, 'It was an honour to welcome H.H. Sheikh Hamdan bin Mohammed Bin Rashid Al Maktoum to DMCC and the Dubai Diamond Exchange today. This visit is a powerful endorsement of DMCC's role, not only in positioning the UAE as the global leader in diamond trade, but also in advancing Dubai's position as a centre of excellence across a wide range of future-focused industries. "Through long-term investment, bold policy frameworks and a commitment to international partnerships, DMCC has built an ecosystem that enables growth across commodities, technology, services and innovation. As Dubai accelerates the goals of D33, our integrated model will continue to be central to attracting global business and reinforcing Dubai as a leading hub for international trade.' Ahmed Bin Sulayem said, 'It was a privilege to welcome. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to DMCC at this historic moment for our diamond industry. As we continue to scale our impact through our world-class districts of JLT and Uptown Dubai, attract global institutions, and lead industry dialogues across sectors, DMCC is shaping the future of trade from the heart of Dubai. "From precious stones and energy to emerging fields such as AI, Web3 and blockchain, we are building the connected, future-ready ecosystems that global businesses need to thrive – and expecting to surpass 26,000 companies this year. By driving innovation, integrity and sustainable growth, DMCC is proud to support the national economic agenda and continue to cement Dubai's status as a world-leading hub for trade and commerce.' Feryal Ahmadi added, 'From transforming the global tender landscape in diamonds to advancing growth in Web3, AI and sustainable trade, DMCC is building the next generation of global commerce. His Highness' visit is a strong validation of DMCC's Strategy 2033 that will elevate our future-ready, connected ecosystems to ultimately support innovation, ensure resilience and deliver long-term value. As international markets evolve, Dubai is perfectly positioned to meet the needs of businesses, investors and entrepreneurs across sectors, reinforcing its reputation as a dynamic, responsible and forward-looking global hub.' Since 2021, the UAE has led the world in rough diamond trade and is rapidly expanding its presence across polished and lab-grown segments. Polished diamonds now represent nearly half of the total diamond trade value, while the lab-grown segment has exceeded Dhs3.7 billion in trade in the past year. DMCC has played a foundational role in Dubai's rise as a global powerhouse for the diamond and precious stones sector. Through the Dubai Diamond Exchange and its wider ecosystem of more than 1,350 member companies, DMCC has built the specialised infrastructure, regulatory support, and international connectivity required to enable seamless trade across all diamond segments. In 2024 alone, the DDE hosted 85 tenders, underscoring its pivotal role as a central platform for the global diamond community. This position is reinforced by the presence of the Kimberley Process Office, the DMCC Vault and a suite of high-impact networking and industry initiatives, including the Tender Best Practice Forum – all of which ensure the highest standards of security. The DMCC continues to play a catalytic role in shaping the future of trade across multiple sectors. As home to over 25,000 member companies from 180 countries, DMCC provides cutting-edge infrastructure, regulatory frameworks and industry-specific ecosystems that support growth in commodities, financial services, and emerging technologies. Through specialised centres such as the DMCC Crypto Centre, the Gaming Centre, the AI Centre and the Tea and Coffee Centres, DMCC is reinforcing Dubai's status as a hub for traditional and digital trade, while actively enabling the next generation of enterprise, innovation and global business. WAM
