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Time Out Abu Dhabi
5 days ago
- Business
- Time Out Abu Dhabi
Your guide to the rising property prices in Abu Dhabi
House hunting in Abu Dhabi? You might want to start saving a little more aggressively. The capital's property market has just clocked its strongest capital gains in three years, even though sales activity has taken a tumble. That's according to ValuStrat's latest Q1 2025 report, which shows a market surging in value while grappling with a slowdown in transactions. Property values rose by 2.1 percent quarter-on-quarter and a healthy 7.2 percent year-on-year, with the ValuStrat Price Index now sitting at 125.6 points. Villas led the charge with a 9.7 percent annual increase, while apartment prices grew by 4.5 percent over the same period. Villas on Saadiyat Island saw the biggest jump, with prices up by a whopping 21.2 percent year-on-year. Al Raha and Mohammed Bin Zayed City also saw noticeable growth. As for apartments, Al Reef topped the list with a 7.5 percent annual boost, followed by Saadiyat Island and Al Muneera. The average home in Abu Dhabi is now valued at Dhs10,226 per square metre, with apartments averaging Dhs10,979 and villas at Dhs8,407. And it's not just prices that are climbing – rents are surging too. Apartment rental rates rose by 11.6 percent annually, while villa rents grew by 6.3 percent. A typical studio now goes for Dhs63,000 a year, with a one-bedroom hitting Dhs89,000 and a two-bedroom costing Dhs125,000. Larger homes are significantly pricier, with villa rents averaging Dhs245,000 annually. Despite the appetite for homes, the number of new units coming online remains slim. Only 90 apartments and 189 villas were completed in Q1, representing just two percent of the 2025 pipeline. Still, major developers aren't staying quiet. Aldar launched Mamsha Gardens on Saadiyat Island, IMKAN announced Naseem Al Jurf in Ghantoot Taraf teamed up with Marriott International to deliver W Residences on Al Maryah Island. Sales volumes told a different story. Overall transactions fell sharply – down almost 43 percent quarter-on-quarter – with off-plan sales plunging by 79 percent year-on-year. Yet the average home price is on the rise. Ready property prices jumped by nearly 6 percent, with the average ready home now fetching Dhs1,146 per square foot. The average transaction size increased to Dhs2.6 million. In the commercial sector, Abu Dhabi's office market is thriving. Asking rents climbed more than 30 percent over the year, driven by strong demand and high occupancy in central business districts. Retail is holding its own too, with Yas Mall reporting 97 percent occupancy, an 18 percent jump in footfall a 10 percent rise in tenant sales. The hospitality industry continues to shine, with average room rates hitting Dhs683 – a rise of 37 percent year-on-year – and occupancy reaching nearly 87 percent in early 2025. With 5.2 million guests in 2024, Abu Dhabi is firmly on the global tourism radar hotel supply is expected to exceed 50,000 keys by 2030. New entries to watch include the UAE's first Mondrian Hotel in Downtown Abu Dhabi and a new Waldorf Astoria at the former Anantara Eastern Mangroves site. So whether you're buying, renting, investing or just keeping an eye on trends, the message is loud and clear – Abu Dhabi's property market is booming it's not slowing down anytime soon. More going on in Abu Dhabi UAE residents can now save big time on flights thanks to a new Skyscanner feature No complaints here You can now get a robotaxi from Zayed International Airport Trips to the airport just got an upgrade Abu Dhabi's best restaurants: Everywhere you should eat at least once Your dinner inspo is sorted 20 incredibly fun ways to explore Abu Dhabi after dark The city is at its most fascinating once the sun goes down
Al Etihad
14-05-2025
- Business
- Al Etihad
Abu Dhabi real estate market builds growth across the board
15 May 2025 00:21 MAYS IBRAHIM (ABU DHABI)Abu Dhabi's real estate market recorded steady and broad-based growth in the first quarter of 2025, with gains across residential, office, retail and hospitality segments, according to ValuStrat's latest market ValuStrat Price Index (VPI) for the residential sector rose 2.1% quarter-on-quarter (QoQ) and 7.2% year-on-year (YoY) to reach 125.6 points, based on a baseline of 100 in Q1 outperformed apartments, appreciating 2.7% QoQ and 9.7% YoY to 134.7 points. Apartment prices rose 1.5% QoQ and 4.5% YoY to 116.9 average home value in Abu Dhabi reached Dh10,226 per square metre, with apartments averaging Dh10,979 per m2 and villas Dh8,407 per villa submarkets, Saadiyat Island led annual capital gains for villas, up 21.2%, followed by Al Raha 8.2% and Mohammed Bin Zayed City 4.7%.Rental values mirrored sales performance, with the residential rental VPI rising 2.2% QoQ and 9% YoY to 121 rents grew 3.4% QoQ and 11.6% YoY, while villa rents remained flat quarterly but were up 6.3% annually. The average gross rental yield stood at 7.8%, with apartments yielding 8.3% and villas 6.7%.The average annual apartment asking rents in Abu Dhabi City hit Dh114,000. Studio apartments averaged Dh63,000; one-beds Dh89,000; two-beds Dh125,000; and three-beds Dh180, Reef (3.4%), Al Bandar (2.8%), and Al Muneera (2.5%) saw the highest quarterly rental increases. Market Activity and SupplyThe first quarter saw the handover of 90 apartments and 189 villas, representing 2% of the expected 2025 residential pipeline of 13,941 units. Major projects progressed across Saadiyat Island, Zayed City, Ghantoot and Masdar City, reflecting developer off-plan sales slowed due to fewer new launches, average prices and transaction values rose, according to the property transaction volumes dipped 33.6% QoQ but climbed 13.6% YoY. The average price for ready homes reached Dh12,335 per m2, up 5.8% YoY, while the average transaction size surged 28.9% QoQ to Dh 2.6 transactions dominated activity, accounting for 2,846 deals totalling Dh9 billion, compared to 1,375 cash transactions worth Dh5 billion. Strong Gains Across Property SegmentsAbu Dhabi's office market remained resilient amid high occupancy and rental growth. Asking prices for office units climbed 6% QoQ to Dh2.25 million, while rents in core commercial districts jumped 8% QoQ and 31.8% YoY. Occupancy in these areas reached 90.5%. The city's total office supply stood at 3.9 million m2 of Gross Leasable Area (GLA).Key additions this year include the HB Office Tower on Yas Island and Masdar City Square, the latter set to contribute 50,000 m2 of new space in Q2 continued to benefit from strong footfall and tenant sales. In Q1 2025, shopping centre stock totalled 1.95 million m2 of GLA in UAE's e-commerce market is forecast to surpass Dh48.5 billion by 2028, with online sales expected to make up 15.3% of the total retail hospitality sector posted impressive growth, buoyed by tourism, the report occupancy in Abu Dhabi averaged 86.9% in the first two months of 2025, a 1.2% increase YoY. The city welcomed 800,000 hotel guests by February, with 5.2 million visitors in total during 2024 – a 28.7% annual average room rate rose 37.1% to Dh683, and revenue per available room (RevPAR) jumped 38.7% to Department of Culture and Tourism expects total hotel supply to exceed 50,000 keys by 2030, up from 34,372 in February 2025. Upcoming additions include the Mondrian Hotel in Downtown Abu Dhabi and the Waldorf Astoria, set to open at the former Anantara Eastern Mangroves site, offering 167 rooms with views of Mangrove National Park.
Zawya
13-03-2025
- Business
- Zawya
Bahrain Duty Free plans major global expansion
Bahrain Duty Free Shop Complex is exploring domestic and international expansion, chairman Abdulla Buhindi announced following the company's annual general assembly meeting. Mr Buhindi said the company is seeking additional space at Bahrain International Airport and is open to opportunities abroad, noting a minority stake in an Abu Dhabi project. He paid tribute to the late chairman Farouk Almoayyed, acknowledging his role in the company's establishment. The meeting, held at the Downtown Rotana Hotel, saw the election of a new 10-member board of directors for 2025-2028, comprising Mr Buhindi, Shaikh Khalid bin Ali Al Khalifa, Jehad Yousif Amin, Mohammed Farouk Almoayyed, Mohammed Al Khan, Amal Muhlis, Mohammed Al Sheikh, Ghassan Al Sabbagh, Shaikh Mohammed bin Ali Al Khalifa and Jalal Mohammed Jalal. Additionally, Mohammed Al Zain and Tariq Jassim Fakhro were elected as reserve members. Shareholders approved a 35 per cent cash dividend, equivalent to 35 fils per share, totalling BD4,979,518, to be paid by March 27, 2025. The meeting also approved the 2024 financial statements and the Corporate Governance Report. Discussions arose regarding increasing board members, but it was decided to address the appointment of an independent member at a separate meeting. The extraordinary general assembly approved amendments to authorised signatories, with the chairman and vice-chairman now authorised for all company matters. Previous proxies to the late Farouk Almoayyed were revoked. The assembly also approved revisions to the company's Articles and Memoranda of Association. Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
