Latest news with #493
See - Sada Elbalad
02-04-2025
- Entertainment
- See - Sada Elbalad
"Siko Siko" Tops Box Office and Nears EGP15 Million
Yara Sameh Egyptian stars Taha Desouky and Essam Omar's comedy film "Siko Siko" dominated the cinema box office on Tuesday, the second day of the Eid al-Fitr holiday, grossing EGP13,539,493 from approximately 109,137 tickets sold. The pic premiered on Sunday and allocated EGP10,500,000 in its first 48 hours, making it the number one film in the Eid al-Adha movie marathon. 'Siko Siko' is a social comedy that revolves around "Two cousins, both from a middle-class background, finally see their dream come true when their inheritance is rightfully returned to them following their uncle's death. Soon after, and to their shock, they discover that the inheritance is in the form of illegal goods. In order to liquidate these goods, they create an elaborate mobile game in order to sell the goods through it. They call this game… 'Siko Siko'. The cousins enjoy a brief moment of spectacular success before a mob boss appears in their lives, and claims to be the real owner of the goods!". The cast also stars Tara Emad, Bassem Samra, Ali Sobhy, Khaled El Sawy, Diana Hisham, Ahmed Abdel Hamid, and more. Omar El Mohandes directs the film from a script by Mohamed El Dabbah. The feature marks Desouky and Omar's first major role in a film. It is co-produced by United Film Production, Film Square, and producer Ahmed Badawy. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
Zawya
10-03-2025
- Business
- Zawya
Dubai's residential property sector robust with 243,000 units in pipeline
Dubai's residential property sector has 243,000 units in the pipeline from now until the end of 2027 with apartments accounting for 80% of future inventory, according to leading real estate advisory and property consultant, Cavendish Maxwell. The property market soared to new heights last year with a record-breaking 169,000 sales – an increase of 42% on 2023, it stated. Prices saw sustained increases during the year, ending 0.9% up month-on-month in December, and 3.1% higher than the previous quarter, it added. Year-on-year, prices rose 16.5%, with the cost per square foot reaching AED1,493 in December – an increase of more than 90% on the April 2009 low, stated Cavendish Maxwell in its 2024 Dubai Residential Market Performance report. Dubai's residential property sector closed 2024 with 47 months of continuous price rises. However, as anticipated by Cavendish Maxwell, the rate of appreciation is starting to slow, with monthly growth now hovering around 1%, compared to previous month-on-month increases of up to 2.5%. Mortgage activity also soared in 2024, hitting an all time high of 36,600 loans – up almost a third on 2023. The booming off-plan sector continued to dominate the market, with sales four times up on pre-Covid levels. Almost 145,000 new off-plan units came to the market during the year – an average of 400 per day, the report shows. Emaar Properties, Binghatti Properties and DAMAC Properties led the new launch market in terms of both units released and sales value. In 2024, under construction projects represented 68% of the total residential market. Ronan Arthur, MRICS, Partner and Head of Residential Valuation at Cavendish Maxwell, said: "These impressive figures are not just the result of the recovery from the pandemic. They reflect a strong, stable property market that has seen consistent growth since 2022, driven by continued international demand from India, China and other Middle Eastern countries in particular." "While Dubai's residential market remains extremely robust, with further growth expected in 2025, there are now signs of an adjustment to more sustainable levels. As with previous market cycles, the emirate's regulators, developers and investors are taking the right steps to avoid runaway growth which, as we have seen before, could threaten market stability," he noted. Apartments accounted for 81% of residential property purchases in 2024, an increase of 3% on the previous year. Townhouses took 13% of the share, a 1% drop, and villas 6%, a decrease of 2% on 2023, he added. Cavendish Maxwell pointed out that Mohammed Bin Rashid City saw the highest number of units delivered in 2024, with 5,300 new homes, followed by Jumeirah Village Circle (4,800), Business Bay (2,800), Al Furjan (2,600) and Rukan, Dubailand (1,500). The future supply table is topped by Jumeirah Village Circle, where almost 25,000 units are set to be delivered between now and 2027, followed by Business Bay (16,000), Azizi Venice (13,500), Damac Lagoons (11,100) and Arjan (9,000). Jumeirah Village Circle also claimed the number one spot for apartment sales – for both title deed and off plan transactions, at 4,048 and 11,917 respectively. In second place for title deed transactions was Business Bay (3,400), followed by Dubai Marina (2,963), Downtown Dubai (2,289) and International City (1,927). In the off-plan sector, Business Bay saw 6,779 transactions, followed by Dubai Hills (5,487), Mohammed Bin Rashed City (4,156) and Sobha Hartland II (3,957). According to Cavendish Maxwell, the apartment prices rose in most areas across Dubai last year, with Barsha Heights commanding the biggest increase: 33% higher in Q4 2024 than in the same period in 2023. Next was Dubai Silicon Oasis at 24%, followed by Jumeirah Lakes Towers at 21%. Prices dipped in Dubai Production City, with a 6% drop, Bluewaters Island (4%) and Mohammed Bin Rashid City (2%). Costs of villas and townhouses increased in all areas studied, with the highest rise at Nad Al Sheba, where home prices were up 54% in Q4 2024 compared to Q4 2023. In second place was Jumeirah Village Triangle (33%), followed by Dubai South (29%), it added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
09-03-2025
- Business
- Trade Arabia
Dubai's residential property sector robust with 243,000 units in pipeline
Dubai's residential property sector has 243,000 units in the pipeline from now until the end of 2027 with apartments accounting for 80% of future inventory, according to leading real estate advisory and property consultant, Cavendish Maxwell. The property market soared to new heights last year with a record-breaking 169,000 sales – an increase of 42% on 2023, it stated. Prices saw sustained increases during the year, ending 0.9% up month-on-month in December, and 3.1% higher than the previous quarter, it added. Year-on-year, prices rose 16.5%, with the cost per square foot reaching AED1,493 in December – an increase of more than 90% on the April 2009 low, stated Cavendish Maxwell in its 2024 Dubai Residential Market Performance report. Dubai's residential property sector closed 2024 with 47 months of continuous price rises. However, as anticipated by Cavendish Maxwell, the rate of appreciation is starting to slow, with monthly growth now hovering around 1%, compared to previous month-on-month increases of up to 2.5%. Mortgage activity also soared in 2024, hitting an all time high of 36,600 loans – up almost a third on 2023. The booming off-plan sector continued to dominate the market, with sales four times up on pre-Covid levels. Almost 145,000 new off-plan units came to the market during the year – an average of 400 per day, the report shows. Emaar Properties, Binghatti Properties and DAMAC Properties led the new launch market in terms of both units released and sales value. In 2024, under construction projects represented 68% of the total residential market. Ronan Arthur, MRICS, Partner and Head of Residential Valuation at Cavendish Maxwell, said: "These impressive figures are not just the result of the recovery from the pandemic. They reflect a strong, stable property market that has seen consistent growth since 2022, driven by continued international demand from India, China and other Middle Eastern countries in particular." "While Dubai's residential market remains extremely robust, with further growth expected in 2025, there are now signs of an adjustment to more sustainable levels. As with previous market cycles, the emirate's regulators, developers and investors are taking the right steps to avoid runaway growth which, as we have seen before, could threaten market stability," he noted. Apartments accounted for 81% of residential property purchases in 2024, an increase of 3% on the previous year. Townhouses took 13% of the share, a 1% drop, and villas 6%, a decrease of 2% on 2023, he added. Cavendish Maxwell pointed out that Mohammed Bin Rashid City saw the highest number of units delivered in 2024, with 5,300 new homes, followed by Jumeirah Village Circle (4,800), Business Bay (2,800), Al Furjan (2,600) and Rukan, Dubailand (1,500). The future supply table is topped by Jumeirah Village Circle, where almost 25,000 units are set to be delivered between now and 2027, followed by Business Bay (16,000), Azizi Venice (13,500), Damac Lagoons (11,100) and Arjan (9,000). Jumeirah Village Circle also claimed the number one spot for apartment sales – for both title deed and off plan transactions, at 4,048 and 11,917 respectively. In second place for title deed transactions was Business Bay (3,400), followed by Dubai Marina (2,963), Downtown Dubai (2,289) and International City (1,927). In the off-plan sector, Business Bay saw 6,779 transactions, followed by Dubai Hills (5,487), Mohammed Bin Rashed City (4,156) and Sobha Hartland II (3,957). According to Cavendish Maxwell, the apartment prices rose in most areas across Dubai last year, with Barsha Heights commanding the biggest increase: 33% higher in Q4 2024 than in the same period in 2023. Next was Dubai Silicon Oasis at 24%, followed by Jumeirah Lakes Towers at 21%. Prices dipped in Dubai Production City, with a 6% drop, Bluewaters Island (4%) and Mohammed Bin Rashid City (2%).
Arabian Business
07-03-2025
- Business
- Arabian Business
Dubai – 10 things you missed this week
Dubai real estate prices soared last year and investors are looking to make profits again in 2025. Find out the best-performing areas, how supply will impact costs, top developers and the latest property finance offers. Meanwhile, investors from Germany, China and Russia flock to the city to search for investment opportunities, a DIFC hedge fund is recruiting world class interns and a popular antibiotic has been removed from pharmacy shelves in the UAE. Catch up on 10 of the biggest stories this week, as selected by Arabian Business editors. Dubai real estate: Biggest price rises revealed as neighbourhood sees 33% increase and one area sees 10% rent returns Dubai's residential property market soared to new heights in 2024, with a record-breaking 169,000 sales – an increase of 42 per cent on 2023, according to Cavendish Maxwell. Prices saw sustained increases during the year, ending 0.9 per cent up month-on-month in December, and 3.1 per cent higher than the previous quarter. Year-on-year, prices rose 16.5 per cent, with the cost per square foot reaching AED1,493 ($407) in December – an increase of more than 90 per cent on the April 2009 low, according to Cavendish Maxwell's 2024 Dubai Residential Market Performance report. Dubai's residential property sector closed 2024 with 47 months of continuous price rises. Dubai Police announce fines for traffic violations monitored by AI; $820 speeding penalty and red-light rules Dubai Police have announced fines for traffic violations, with penalties of more than $800 for speeding and range of AI-monitored offences. The General Department of Traffic at Dubai Police has clarified the types of violations recorded by radar systems that utilise artificial intelligence technology, along with the associated fines, vehicle impoundment durations, and black points. This initiative aims to enhance road safety and reduce traffic accidents. Emaar, Ellington, Meraas, Omniyat among Dubai real estate developers to watch in 2025: Experts Dubai's real estate sector has shattered sales records, with industry experts identifying Emaar, Ellington, Meraas, Select, and Omniyat as the premier developers poised for exceptional growth and investment returns in 2025. 'Emaar offers master-planned communities with top-tier infrastructure, Ellington provides high-quality European-style finishes with boutique developments, and Meraas creates unique lifestyle projects, blending luxury and modern design, whereas Select brings forth excellent reputation, premium amenities, and strategic locations,' Paul Sharland, the Off Plan & Investment Associate Director at haus & haus told Arabian Business. However, Andrew Cummings, Head of Residential Agency at Savills Middle East noted that 'there is an increasing number of large developers such as Sobha, Ellington, Select who are challenging the dominance whilst new and innovative products are being released by smaller and boutique developers such as Alta and Mr 8 Development. Aldar has also entered the market in a big way which is having an impact.' UAE real estate developer and bank team up for 'game-changing' property financing offer A leading UAE real estate developer and bank are teaming up for a 'game-changing' finance solution to make home ownership more accessible. DAMAC Properties has partnered with Abu Dhabi Islamic Bank (ADIB) to introduce a home financing solution that enables UAE residents to secure financing for off-plan properties once construction reaches 35 per cent completion. This makes DAMAC the first developer to offer such a financing option, making homeownership more accessible and convenient for buyers. This initiative aligns with DAMAC and ADIB's commitment to providing customer-centric financial solutions that simplify investing in luxury real estate. German millionaires flock to UAE as Europe's political chaos, economic woes bite A significant wave of German millionaires is considering relocation to the UAE amid growing political tensions and economic uncertainty in Europe, according to a new survey by global investor migration consultancy Arton Capital. This trend comes as the Emirates continues its historic rise in global passport power rankings, having recently broken into the world's top 10 most powerful passports—the first Arab nation to achieve this milestone. The survey, which polled 1,000 German residents with a net worth of at least €1 million ($1.08 million), reveals that 37 per cent of German high-net-worth individuals (HNWIs) are now more likely to consider emigration following the recent federal election, with the UAE emerging as a key destination for the wealthy seeking new opportunities. Chinese and Russian investors dazzled by Dubai real estate market Chinese and Russian nationals' investments in Dubai's luxury real estate market increased by 15 and 20 per cent in 2024, respectively, highlighting the BRICS (Brazil, Russia, India, China, and South Africa) Factor that is driving the growth of foreign capital inflows into the emirate. Analytics from the UAE-based Elite Merit Real Estates revealed that Chinese and Russian investors are poised to dominate Dubai's luxury property market, lured by the city's favourable tax policies, world-class infrastructure, and geopolitical stability. Recent data shows that Chinese and Russian investors will increase their market share by over 30 per cent in 2025. Aldar sells out The Wilds first phase in no time; mops up $1.38bn In what Aldar called its 'most successful launch in terms of value', the first phase of its new nature-inspired project in Dubai – 734 villas in The Wilds – has been sold out, generating AED5bn ($1.38bn). Aldar launched three-, four-, and five-bedroom villas through a series of local and international sales events on 19 February. This is the Abu Dhabi real estate giant's third development in Dubai in partnership with Dubai Holding. The launch attracted a wide range of customers with expatriate residents and overseas buyers accounting for 92 per cent of sales. Buyers from India, China, and the UK made up the top three nationalities by sales volume at The Wilds. DIFC: $12bn hedge fund seeks interns to join Dubai office A Dubai hedge fund is seeking world-class interns to join a 16-week programme in DIFC. Verition Fund Management has announced the launch of its inaugural internship programme for its office in Dubai, in collaboration with Dubai International Financial Centre (DIFC). DIFC's inaugural Future of Finance report, which was developed using network-based research and discussions with leaders from the industry, identified the importance of overcoming potential talent shortages by attracting and retaining professionals through competitive compensation, continuous training programmes and partnerships with educational institutions. 'Pfizer is recalling Zithromax 250mg capsules due to a manufacturing-related matter, which does not impact product quality or safety,' a Pfizer spokesperson told Arabian Business. 'Pfizer has determined the root cause and is working to implement appropriate corrective and preventive actions.' Dubai real estate prices are at an all-time high, how will property supply impact market this year? Dubai's residential real estate market saw strong growth in 2024, with property values rising by 19.1 per cent over the past year, now standing at AED1,685 ($459) per square foot, according to the Dubai Residential Market Q4 2024 report from global property consultant Knight Frank. This places average prices at 13.3 per cent above the 2014 peak. On average, villa sale prices have grown by 20.2 per cent over the last 12 months, reaching AED2,009 ($547) per square foot, placing them 38.1 per cent above the 2014 peak.
Zawya
05-03-2025
- Business
- Zawya
Dubai's residential property market secures record-breaking 169,000 transactions in 2024
243,000 new units in pipeline, rental yields stay strong, mortgage transactions soar, off-plan dominates Dubai – Dubai's residential property market soared to new heights in 2024, with a record-breaking 169,000 sales – an increase of 42% on 2023, says leading real estate advisory and property consultant, Cavendish Maxwell. Prices saw sustained increases during the year, ending 0.9% up month-on-month in December, and 3.1% higher than the previous quarter. Year-on-year, prices rose 16.5%, with the cost per square foot reaching AED1,493 in December – an increase of more than 90% on the April 2009 low, according to Cavendish Maxwell's 2024 Dubai Residential Market Performance report. Dubai's residential property sector closed 2024 with 47 months of continuous price rises. However, as anticipated by Cavendish Maxwell, the rate of appreciation is starting to slow, with monthly growth now hovering around 1%, compared to previous month-on-month increases of up to 2.5%. Mortgage activity also soared in 2024, hitting an all time high of 36,600 loans – up almost a third on 2023. The booming off-plan sector continued to dominate the market, with sales four times up on pre-Covid levels. Almost 145,000 new off-plan units came to the market during the year – an average of 400 per day, the report shows. Emaar Properties, Binghatti Properties and DAMAC Properties led the new launch market in terms of both units released and sales value. In 2024, under construction projects represented 68% of the total residential market. Ronan Arthur, MRICS, Partner and Head of Residential Valuation at Cavendish Maxwell, said: 'These impressive figures are not just the result of the recovery from the pandemic. They reflect a strong, stable property market that has seen consistent growth since 2022, driven by continued international demand from India, China and other Middle Eastern countries in particular. While Dubai's residential market remains extremely robust, with further growth expected in 2025, there are now signs of an adjustment to more sustainable levels. As with previous market cycles, the emirate's regulators, developers and investors are taking the right steps to avoid runaway growth which, as we have seen before, could threaten market stability.' Apartments accounted for 81% of residential property purchases in 2024, an increase of 3% on the previous year. Townhouses took 13% of the share, a 1% drop, and villas 6%, a decrease of 2% on 2023. Location, location, location Mohammed Bin Rashid City saw the highest number of units delivered in 2024, with 5,300 new homes, followed by Jumeirah Village Circle (circa 4,800), Business Bay (2,800), Al Furjan (2,600) and Rukan, Dubailand (1,500), according to the Cavendish Maxwell study. The future supply table is topped by Jumeirah Village Circle, where almost 25,000 units are set to be delivered between now and 2027, followed by Business Bay (16,000), Azizi Venice (13,500), DAMAC Lagoons (11,100) and Arjan (9,000).* Jumeirah Village Circle also claimed the number one spot for apartment sales – for both title deed and off plan transactions, at 4,048 and 11,917 respectively. In second place for title deed transactions was Business Bay (3,400), followed by Dubai Marina (2,963), Downtown Dubai (2,289) and International City (1,927). In the off-plan sector, Business Bay saw 6,779 transactions, followed by Dubai Hills (5,487), Mohammed Bin Rashed City (4,156) and Sobha Hartland II (3,957). DAMAC Hills 2 was the leading location for title deed villa and townhouse transactions, at 3,559 – almost twice as many as the second highest, DAMAC Lagoons, which saw 1,372 transactions. The Acres commanded 896 sales, followed by Emirates Living (802) and Al Furjan (729). Top of the off-plan charts was The Valley, with 2,850 sales, followed by Emaar South (1,721), DAMAC Riverside (1,620), Haven (743) and Reportage Village (663). Price performance Apartment prices rose in most areas across Dubai last year, with Barsha Heights commanding the biggest increase: 33% higher in Q4 2024 than in the same period in 2023. Next was Dubai Silicon Oasis at 24%, followed by Jumeirah Lakes Towers at 21%. Prices dipped in Dubai Production City, with a 6% drop, Bluewaters Island (4%) and Mohammed Bin Rashid City (2%). Costs of villas and townhouses increased in all areas studied, with the highest rise at Nad Al Sheba, where home prices were up 54% in Q4 2024 compared to Q4 2023. In second place was Jumeirah Village Triangle (33%), followed by Dubai South (29%). Robust rental yields … Gross rental yields remained robust across Dubai throughout 2024, underscoring the city's position as a key destination for investors seeking strong returns. At year end, average yields were 7.4% for apartments and 5.1% for villas and townhouses. Topping the rental return charts at the end of the year were Dubai Investments Park (10.3%), International City (9.4%) and Dubai Production City and Downtown Jebel Ali (both 8.6%). Cavendish Maxwell's research shows that two cheques is the most popular rent payment plan, applicable to almost 40% of tenants. Just over 35% pay in one cheque and 18.5% make four payments. Landlords generally prefer one or two lump sums, which in some instances can result in discounted rent for tenants. … And higher rental costs Average rents were up in most Dubai residential areas during 2024, but the rate of increases varied widely. For apartments, the biggest hikes were in Dubai South, where rents were 30% up on the previous year, followed by Al Furjan (27%) and Dubai Production City (24%). There were much smaller increases at Palm Jumeirah (5%), Al Habtoor City (3%) and Bluewaters Island (1%). While Palm Jumeirah's apartment rental prices saw a nominal increase, it was a different story for villas, where rates were up 52% on 2023. The second highest rise for villas and townhouses was at Al Furjan (39%) with Dubai Investments Park at 38%. Pipeline projects Dubai's residential property sector has 243,000 units in the pipeline from now until the end of 2027, with apartments accounting for 80% of the future inventory. Areas with the largest upcoming supply, with 2,000+ units on the way, include Palm Jumeirah, Dubai Hills, Dubai Marina, Jumeirah Village Circle and Triangle, Al Furjan, Dubai Silicon Oasis, Town Square and Studio City. Download the full Cavendish Maxwell Dubai Residential Market Performance report here. To contact Cavendish Maxwell, email dubai@ For media enquiries, please contact: Rebecca Rees at rebecca@ * All figures are approximate at the time of publishing. About Cavendish Maxwell Cavendish Maxwell is one of the Middle East's leading real estate advisory groups and property consultants, with offices in Dubai, Abu Dhabi, Sharjah, Ajman, Kuwait City and Muscat. The company is a member of the Royal Institution of Chartered Surveyors (RICS) and offers a full range of property-related services, including valuation, strategic advisory, research, project and building consultancy and investment and commercial agency expertise. With a team of experienced professionals and a commitment to delivering exceptional service, Cavendish Maxwell has established itself as a trusted advisor in the regional real estate market.
