Latest news with #154
Trade Arabia
08-04-2025
- Business
- Trade Arabia
Unique Properties closes landmark plot sale on Jumeirah Bay
Unique Properties, a major player in Dubai's ultra-luxury real estate market, said it has successfully closed yet another record-breaking transaction - a landmark AED182 million ($50 million) residential land sale on Jumeirah Bay Island. The prime land plot, spanning 25,441 sq ft, was sold at AED7,154 per sq ft, with the deal expertly facilitated by Vanessa Sevsky, adding to Unique Properties' extensive portfolio of high-profile transactions. Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties. Developed by Meraas Holding, the island is connected to the mainland by a 300-m bridge and features some of the city's most sought-after plots. Spanning 6.3 million sq ft in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. This sale is a testament to the firm's ability to navigate Dubai's cut-throat real estate market and secure premium opportunities for discerning investors. This achievement highlights Unique Properties' unwavering expertise and proven track record in securing premium assets for high-net-worth clients. On the transaction, Founder and CEO Arash Jalili said: "Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity." "In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market," he added. The buyer of the plot, he stated, was planning to develop a private residence, reflecting a growing trend among UHNWIs to build custom homes tailored to their preferences.
Khaleej Times
03-04-2025
- Business
- Khaleej Times
Prime residential plot in Dubai sells for record Dh182 million
In another landmark deal in Dubai's booming real estate market, a residential plot of land has been sold for Dh182 million (approximately $50 million) on the Jumeirah Bay Island. The prime land plot, spanning 25,441 square feet, was sold at Dh7,154 per square foot. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. Unique Properties, a dominant force in Dubai's ultra-luxury real estate market, closed the transaction. The deal was facilitated by Vanessa Sevsky. Arash Jalili, Founder and CEO of Unique Properties said: 'Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity. In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market.' Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties. Developed by Meraas Holding, the island is connected to the mainland by a 300-metre bridge and features some of the city's most sought-after plots. Spanning 6.3 million square feet in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. Dubai's real estate market has experienced a significant surge in demand for ultra-luxury properties, driven by an influx of international buyers seeking stability, luxury, and long-term investment opportunities. The city's low-tax environment, world-class infrastructure, and investor-friendly policies, such as the golden visa programme, have made it a magnet for global wealth. The buyer of the Dh182 million plot plans to develop a private residence, reflecting a growing trend among ultra-high-net-worth individuals to build custom homes tailored to their preferences. This shift away from pre-built properties highlights the desire for personalisation and exclusivity in Dubai's luxury real estate market. Armin Jalili, Partner at Unique Properties, said: 'In recent years, we've witnessed a clear shift in buyer behaviour — today's ultra-high-net-worth individuals are not just investing in Dubai; they're choosing to create their dream homes here. The desire for exclusivity and personalisation has never been stronger, and Dubai continues to offer unmatched opportunities in this space.'
Express Tribune
08-02-2025
- Business
- Express Tribune
Trade war pushes gold over Rs300,000/tola
Listen to article KARACHI: Gold prices continued their upward trajectory on Friday, surpassing the historic milestone of Rs300,000 per tola in Pakistan, driven by rising international market rates. In the local market, the price increased by Rs1,346/tola, reaching Rs300,046 for the first time in history. Similarly, the price of 10-gram gold rose by Rs1,154, settling at Rs257,241, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The surge in gold prices has been attributed to heightened safe-haven demand amid ongoing trade war concerns, especially ahead of the key US payrolls report. Commenting on the trend, Adnan Agar, Director at Interactive Commodities, stated, "Gold has reached an all-time high today and is expected to remain strong in the future." This follows Tuesday's increase of Rs1,900, which took gold to Rs294,300, after Monday's Rs200 rise had already set a record of Rs292,400. Globally, gold prices rose on Friday and were on track for a sixth consecutive week of gains as escalating trade tensions between the US and China prompted investors to seek refuge in the safe-haven asset. Spot gold gained 0.5% to $2,871.59 per ounce as of 1606 GMT, up more than 2% this week after hitting a record high of $2,886.62 earlier in the session. US gold futures rose 0.7% to $2,897.50. US President Donald Trump kick-started a trade war this week as he imposed new duties on China, though he granted Mexico and Canada a one-month reprieve. Gold is often used as a safe investment during times of political and financial uncertainty. The gold market also seems to have been buoyed by continued growth in the People's Bank of China's gold holdings and a new Chinese programme allowing insurance funds to invest in gold, said Peter Grant, Vice President and Senior Metals Strategist at Zaner Metals. A labour department report showed the US economy added 143,000 jobs in January, compared with the 170,000 expected by economists. The unemployment rate stood at 4%, compared with expectations of 4.1%. Wage growth and declining job creation are challenging the Federal Reserve's ability to adjust rates, creating a complex yet potentially advantageous situation, said Bart Melek, Head of Commodity Strategies at TD Securities. A strong economy with full employment and easing inflation should allow the Fed to cut rates, but tariff uncertainties call for caution, Chicago Fed President Austan Goolsbee said. Meanwhile, the Pakistani rupee saw a slight appreciation against the US dollar in the inter-bank market on Friday, gaining 0.04%. By market close, the currency stood at 279.05 per dollar, marking an increase of 10 paisa, according to data from the State Bank of Pakistan (SBP). The rupee had previously closed at 279.15 on Thursday.
Express Tribune
07-02-2025
- Business
- Express Tribune
Gold price in Pakistan crosses Rs300,000 per tola for first time
Listen to article Gold prices in Pakistan have reached an all-time high, crossing the Rs300,000 per tola mark for the first time in history. According to the All Pakistan Gems and Jewelers Association, the price of gold has risen by Rs1,346 per tola, making the new price Rs300,346 per tola. Additionally, the price of 10 grams of gold has increased by Rs1,154, now standing at Rs257,241. Internationally, gold prices have also seen a rise, increasing by 10 dollars per ounce, with the price now at 2,869 dollars per ounce. Earlier on Thursday , gold prices witnessed a decline in both international and local markets. In the international bullion market, the price of gold per ounce dropped by $9, reaching $2859. Locally, the price of gold also experienced a decrease. The price of one tola of gold fell by Rs900, bringing it to Rs298,700. Similarly, the price of 10 grams of gold decreased by Rs772, now standing at Rs256,087.
