Latest news with #AED16.4
Arabian Business
25-04-2025
- Automotive
- Arabian Business
EasyLease Q1 revenue jumps 71% to $45.3 million
EasyLease, which provides integrated mobility and logistics solutions in the UAE, reported a 71 per cent increase in revenue for the first quarter of 2025. Sales increased to AED166.3 million (US$45.28 million), compared to AED97.4 million (US$26.5 million) in the same quarter last year. The subsidiary of International Holding Company (IHC) reported a flat, but solid operational performance – operational profit steady at AED16.5 million (US$4.49 million), compared to AED16.4 million (US$4.47 million) in Q1 2024 – which was mainly due to the decision to front-load strategic investments in subsidiary development. EasyLease revenue jumps With more than 30,000 vehicles forming one of the largest fleets in the UAE, the growth underscores EasyLease's continued momentum in expanding its service offerings and deepening its market reach across the region. Net profit after tax amounted to AED10.4 million (US$2.83 million), compared to AED13 million (US$3.54 million) in Q1 2024, which the company attributed to 'proactive investments in strategic growth areas'. These targeted expenditures, aligned with the company's 2025 vision, are laying the foundation for long-term value creation. These proactive expenditures are designed to unlock new revenue streams, strengthen long-term competitiveness, and accelerate the scalability of EasyLease's integrated mobility ecosystem. The company continues to build on its success by accelerating the development of its newly launched subsidiaries, including EasyLease Vehicle Rentals and 'SHEEL' Roadside Assistance, which are central to the company's strategy to evolve into a fully integrated mobility ecosystem. Ahmad Al Sadah, EasyLease CEO, commented: 'Q1 2025 reflects our strategic shift towards long-term, scalable growth through the expansion of our subsidiaries. Our revenue growth and operational stability reaffirm our capacity to deliver value while investing in tomorrow's mobility solutions. 'We are shaping a resilient and future-ready business, backed by solid revenue performance and forward-looking investments. Our subsidiaries are key growth engines, and we remain committed to unlocking their full potential.' In 2025, EasyLease is focused on geographic expansion, customer-centric innovation, and operational excellence. Al Sadah added that EasyLease remains firmly focused on executing its long-term growth strategy, leveraging operational agility, innovation, and strategic partnerships to lead the evolution of mobility and logistics in the region.
Zawya
07-02-2025
- Business
- Zawya
Dubai property sales hit $12.09bln in January
Doha: Dubai's real estate market has made a strong start to 2025, with property sales in January totalling AED44.4bn, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6bn. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2bn were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2bn represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020. 'The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. 'This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.' Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8bn (2,700 transactions) in 2020, AED6.6bn (3,300) in 2021, AED16.3bn (5,700) in 2022, AED27.8bn (9,700) in 2023 and AED35.8bn (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140m. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Trade Arabia
06-02-2025
- Business
- Trade Arabia
Dubai real estate off to a good start; January sales hit $12bn
Dubai's real estate market has made a strong start to 2025, with property sales in January surging to hit AED44.4 billion ($12 billion), up 24.1% in value over last year, according to UAE-based fäm Properties. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. A market update from fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945, stated the report. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020, it added. As per the report, Dubai's property sales for the month witnessed a 822% jump in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. On the solid start, Firas Al Msaddi, CEO of fäm Properties, said: "The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years." "This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets," he added.
Mid East Info
05-02-2025
- Business
- Mid East Info
Dubai property market enjoys big start to 2025 as January sales hit AED44.4 billion - Middle East Business News and Information
Land sales show biggest increase, as 14,236 overall transactions underline city as prime destination for property investment Dubai, UAE, 5th February, 2025: Dubai's real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots – a 151.9% month-on-month leap in volume – selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020. 'The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. 'This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.' Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. Overall, first sales from developers were significantly greater than those of resales – 65% over 35% in terms of volume, and 60% against 40% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million. JANUARY 2025 – Top five performing areas in terms of overall sales volume Wadi Al Safa 5 1,400 units Jumeirah Village Circle 982 Dubai South 942 Al Yelayiss 1 868 Business Bay 761 BEST-SELLING PROJECTS Off-plan apartments Units Value AED Terra Heights 493 891.1m Verdes By Haven 1 155 296.4m Lacina 150 313.3m Claydon House By Ellington 113 238.7m Diamondz By Danube 103 265.3m Off-plan villas La Tilia At Villanova Phase 2 106 346.7m La Tilia At Villanova Phase 1 103 327.7m Reportage Village 70 101.9m The Valley – Velora 56 182.4m Greenville 2 55 209.5m Ready apartments Remraam 43 34.2m Rukan 37 27.2m Maya 2 36 25m Lakeside 35 14.5m Sky Courts 30 18.4m Ready villas Reem – Mira Oasis Community Phase 2 10 29.4m The Fields At D11 MBRC 9 35.7m Reem – Mira Oasis Community 8 22.6m Shams Townhouses 8 21.1m Seasons Community – Autumn 8 20m Ends
Zawya
05-02-2025
- Business
- Zawya
Dubai property market enjoys big start to 2025 as January sales hit AED44.4bln
Dubai, UAE: Dubai's real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020. 'The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. 'This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.' Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. Overall, first sales from developers were significantly greater than those of resales - 65% over 35% in terms of volume, and 60% against 40% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million.
