Latest news with #AED1.45
Economy ME
06-05-2025
- Business
- Economy ME
Dubai real estate sets new record: April sales transactions surge 94 percent to $16.91 billion
Dubai's real estate sector recorded AED62.1 billion ($16.91 billion) in total sales transactions last month, the highest ever monthly total for the emirate. This marks a 94 percent year-on-year surge in value compared to April 2024, and a 54 percent rise in transaction volume, according to Dubai Land Department (DLD) data. This record-breaking performance underscores the city's thriving real estate sector, with growth witnessed across both primary and secondary markets. 'Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal,' stated Cherif Sleiman, chief revenue officer at Property Finder. Primary segment drives surge According to the latest report by Property Finder, the primary property segment led the charge on Dubai real estate, with sales touching AED34.2 billion in value, a 124 percent increase from April 2024. This was fuelled by marquee transactions in destinations like Palm Jebel Ali and The Oasis by Emaar. Palm Jebel Ali and The Oasis by Emaar accounted for 19 percent and 13 percent of the total value, respectively, despite representing less than 2 percent and 4 percent of the total transaction volume of primary transactions, highlighting investor appetite for future-forward, branded communities. Secondary segment posts record AED28 billion Meanwhile, the secondary segment performed equally as well, with a record AED28 billion in sales value across more than 7,700 transactions, up 67 percent in value and 66 percent in volume from April 2024. While a landmark AED1.45 billion land transaction in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali stood out, strong resale activity in key communities such as Palm Jumeirah, JVC and Dubai Marina also contributed significantly to overall real estate transaction value. 'The Dubai Land Department's recent initiative of introducing AI-enabled governance of real estate advertising will enhance transparency and credibility in real estate advertisements across key marketing platforms, a focus that we have always aligned with. Further supported by the strategic partnerships signed by DLD at the International Property Show, we are witnessing greater transparency, smarter regulation, and higher service standards across the board. These far-sighted initiatives will contribute to Dubai's growing status as one of the world's most investor-friendly real estate markets,' added Sleiman. Apartments dominate home searches Property Finder also revealed that apartment living continued to be the preferred choice across both the buyer and renter categories, with apartments accounting for nearly 78 percent of rental searches and 59 percent of purchase interest in April 2025. Studio apartments comprised 21 percent of all rental searches on Property Finder, but just 14 percent of buyer interest. This gap signals strong yield opportunities for investors in smaller units, where rental demand appears stronger than buyer interest. Meanwhile, two-bedroom apartments attracted 35 percent of buyer searches and 31 percent of rental demand. Read: Sharjah real estate market hits $234.6 million in Q1 2025, up 159.2 percent year-over-year Dubai real estate transactions hit AED142.7 billion in Q1 In its quarterly report, Property Finder revealed that Dubai's real estate market continued to rank among the top-performing markets globally, with Q1 2025 witnessing a significant surge in total sales transactions. The transaction volume reached 45,474, marking a 22 percent year-on-year increase, while the total value rose by 30 percent, hitting AED142.7 billion. The market maintained its positive momentum, with Q1 performance exceeding the quarterly average transactions for both volume and value in 2024. Notably, the transaction value in Q1 2025 was 9 percent higher than the average quarterly value recorded in 2024, underscoring the market's ongoing strength and investor confidence. Notably, Dubai's off-plan market continued to deliver outstanding performance, recording its highest first-quarter performance in a decade, with off-plan sales accounting for 56 percent of total transaction volume. The number of off-plan transactions reached 25,440, up from 20,557 in Q1 2024, reflecting a 24 percent year-on-year increase, driven by strong long-term confidence among medium – and long-term investors. In terms of value, the off-plan segment also witnessed remarkable growth, with a 24 percent increase year-on-year, reaching AED55.2 billion compared to AED44.5 billion in Q1 2024. This represented 39 percent of the total transaction value in Q1 2025, highlighting the continued attractiveness of Dubai's future development pipeline.
Arabian Business
06-05-2025
- Business
- Arabian Business
Dubai real estate: Property market hits all-time high with nearly $17bn April transactions
Dubai's property market achieved its highest-ever monthly total in April 2025, with transactions reaching AED62.1 billion, according to data released by Property Finder. The figures represent a 94 per cent year-on-year increase in value and a 54 per cent rise in transaction volume compared to April 2024, highlighting the continued momentum in Dubai's real estate sector across both primary and secondary markets. 'Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal,' Cherif Sleiman, Chief Revenue Officer at Property Finder said. Dubai property market soars The secondary property segment recorded AED28 billion in sales across more than 7,700 transactions, marking increases of 67 per cent in value and 66 per cent in volume from April 2024. A notable transaction included a AED1.45 billion land deal in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali. Strong resale activity was also reported in Palm Jumeirah, JVC, and Dubai Marina, which contributed substantially to the overall transaction value. The primary property segment led the market performance with sales reaching AED34.2 billion, representing a 124 per cent increase from April 2024. This growth was driven by significant transactions in developments, including Palm Jebel Ali and The Oasis by Emaar. These two developments accounted for 19 per cent and 13 per cent of the total primary market value respectively, despite representing less than 2 per cent and 4 per cent of the total transaction volume, indicating investor interest in premium developments. Apartments continue to dominate home searches among both buyers and renters, accounting for 59 per cent of purchase searches and 78 per cent of rental searches in April 2025. Studio apartments represented 21 per cent of all rental searches but only 14 per cent of buyer interest, suggesting potential yield opportunities for investors in smaller units where rental demand exceeds buyer interest. Two-bedroom apartments proved popular with both segments, attracting 35 per cent of buyer searches and 31 per cent of rental interest. 'The Dubai Land Department's recent initiative of introducing AI-enabled governance of real estate advertising will enhance transparency and credibility in real estate advertisements across key marketing platforms, a focus that we have always aligned with. Further supported by the strategic partnerships signed by DLD at the International Property Show, we are witnessing greater transparency, smarter regulation, and higher service standards across the board. These far-sighted initiatives will contribute to Dubai's growing status as one of the world's most investor-friendly real estate markets,' Sleiman added.
22-04-2025
- Business
Emirates Islamic Posts Record AED1 Billion Quarterly Profit During Q1 2025
Emirates Islamic has reported a record quarterly profit of over AED1 billion for the first time, marking a 24% year-on-year increase in Q1 2025. This milestone underscores the bank's strong financial momentum amid continued positive business sentiment in the UAE. The bank's total income rose 8% to AED1.45 billion, driven by growth in both funded and non-funded income streams. Operating profit also climbed 5% compared to the same period last year, while the net profit margin remained healthy at 3.85%. Supporting this growth, Emirates Islamic saw its total assets increase by 11% to AED123 billion. Customer financing rose 7% to AED75 billion, while customer deposits grew by 8%, reaching AED83 billion. The solid results reflect the bank's effective strategy and its ability to capitalise on a stable economic environment. News Source: Emirates News Agency
Zawya
22-04-2025
- Business
- Zawya
Emirates Islamic quarterly profit surpasses $272mln milestone
DUBAI - Emirates Islamic's quarterly profit surpassed the AED1 billion milestone for the first time, growing 24 percent year-on-year compared to the same period last year. The strong performance was supported by continued positive business sentiment in the UAE, which drove both funded and non-funded income higher. Total income rose 8 percent year-on-year to AED1.45 billion in Q1 2025. Operating profit increased by 5 percent compared to Q1 2024, while the net profit margin remained robust at 3.85 percent. Total assets climbed 11 percent to AED123 billion during the first quarter. Customer financing grew by 7 percent to AED75 billion, and customer deposits rose by 8 percent to reach AED83 billion. RM
Yahoo
15-04-2025
- Business
- Yahoo
Ghitha Holding P.J.S.C And 2 Other Undiscovered Gems in the Middle East
As Middle Eastern markets experience a positive shift, buoyed by U.S. tariff exemptions and rising oil prices, investors are increasingly eyeing the region for potential opportunities. In this dynamic environment, identifying promising stocks requires a keen understanding of market trends and economic indicators that favor growth and resilience. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Amir Marketing and Investments in Agriculture 13.05% 5.82% 3.78% ★★★★★★ Sure Global Tech NA 13.90% 18.91% ★★★★★★ Nofoth Food Products NA 14.41% 31.88% ★★★★★★ Formula Systems (1985) 34.50% 9.19% 12.63% ★★★★★★ Analyst I.M.S. Investment Management Services NA 23.69% 28.47% ★★★★★★ National Corporation for Tourism and Hotels 15.77% -3.48% -12.95% ★★★★★★ National General Insurance (P.J.S.C.) NA 13.40% 30.21% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Union Coop 3.73% -4.15% -13.19% ★★★★★☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Click here to see the full list of 244 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's uncover some gems from our specialized screener. Simply Wall St Value Rating: ★★★★★☆ Overview: Ghitha Holding P.J.S.C is an investment holding company that offers management and investment services across various projects and businesses in the United Arab Emirates, with a market capitalization of AED4.13 billion. Operations: Ghitha Holding P.J.S.C generates revenue primarily from Dairy and Protein (AED1.86 billion), Fruits and Vegetables (AED1.45 billion), and Trading and Distribution (AED965.85 million) segments, with additional contributions from Edible Oil and Fats (AED687.93 million). The net profit margin is a key financial metric to consider when evaluating the company's profitability trends over time. Ghitha Holding P.J.S.C. showcases significant growth potential within the Middle Eastern market, with its earnings skyrocketing by 6330% over the past year, far outpacing the Consumer Retailing industry average of 15.7%. The company's price-to-earnings ratio stands at an attractive 1.5x compared to the AE market's 12.6x, suggesting it could be undervalued. Despite a rise in debt to equity from 0% to 15.6% over five years, its net debt to equity ratio remains satisfactory at 5.8%. With non-cash earnings contributing significantly and interest payments well-covered by EBIT at a ratio of 3.7x, Ghitha appears financially robust despite recent share price volatility. Dive into the specifics of Ghitha Holding P.J.S.C here with our thorough health report. Examine Ghitha Holding P.J.S.C's past performance report to understand how it has performed in the past. Simply Wall St Value Rating: ★★★★★★ Overview: Al Masane Al Kobra Mining Company operates in the Kingdom of Saudi Arabia, focusing on the production of non-ferrous metal ores and precious metals, with a market cap of SAR4.86 billion. Operations: The company's revenue streams are primarily derived from three mining operations: Al Masane Mine contributing SAR364.95 million, Mount Guyan Mine generating SAR226.74 million, and Moyeath Min adding SAR188.96 million. Al Masane Al Kobra Mining, a nimble player in the Middle East mining sector, has shown impressive financial resilience. The company reported a significant earnings surge of 225.9% over the past year, outpacing industry growth of 118.8%. Its debt to equity ratio impressively shrank from 62.8% to just 5.1% in five years, highlighting effective debt management strategies. Interest payments are comfortably covered by EBIT at a robust 60 times coverage, indicating strong operational performance. With net income jumping to SAR 177.9 million from SAR 54.58 million last year and basic earnings per share rising to SAR 2.01 from SAR 0.73, its financial health appears solid for future endeavors. Click here to discover the nuances of Al Masane Al Kobra Mining with our detailed analytical health report. Understand Al Masane Al Kobra Mining's track record by examining our Past report. Simply Wall St Value Rating: ★★★★☆☆ Overview: Alkhorayef Water and Power Technologies Company specializes in the design, construction, operation, maintenance, and management of water and wastewater projects in Saudi Arabia with a market capitalization of SAR5.46 billion. Operations: The company's primary revenue streams include the design, construction, operation, maintenance, and management of water and wastewater projects in Saudi Arabia. It has a market capitalization of SAR5.46 billion. Alkhorayef Water and Power Technologies, a smaller player in the Middle East's water utilities sector, has shown promising growth. Earnings surged 64% over the past year, outpacing industry growth of just 0.2%. Despite a high net debt to equity ratio at 44%, interest payments are well covered with EBIT at 5.8 times interest repayments. The company posted sales of SAR 1.95 billion for the full year ending December 2024, up from SAR 1.71 billion previously, while net income rose to SAR 230 million from SAR 140 million last year. With earnings per share increasing to SAR 6.57 from SAR 5.6, Alkhorayef demonstrates robust performance amidst growing prospects in its industry context. Click to explore a detailed breakdown of our findings in Alkhorayef Water and Power Technologies' health report. Evaluate Alkhorayef Water and Power Technologies' historical performance by accessing our past performance report. Discover the full array of 244 Middle Eastern Undiscovered Gems With Strong Fundamentals right here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ADX:GHITHA SASE:1322 and SASE:2081. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
