Latest news with #AED24
Mid East Info
6 days ago
- Business
- Mid East Info
Dubai real estate market shatters records with historic AED66.8 bn of transactions in May 2025, Property Finder reveals
Dubai's real estate market delivered AED66.8 billion in sales transactions across 18,700 deals last month, solidifying the emirate's position as a global real estate powerhouse Primary ready sales reached AED17.9 billion, a 314% increase in value over last year, across 2,400 transactions, clocking up 145% growth. Secondary ready sales also reached a new peak, with 6,078 transactions worth AED24 bn, representing 8% growth in volume and 21% year-over-year growth in value, underscoring strong and sustained demand in the resale market. DUBAI, UNITED ARAB EMIRATES,June 2025: Property Finder, the leading property portal in the MENA region, has released its market performance highlights for May 2025, highlighting yet another month of record-breaking activity. Dubai's real estate market witnessed AED66.8 billion in sales transactions across 18,700 deals last month, Property Finder's proprietary data reveals. This historic achievement represents a staggering 44% year-over-year surge in transaction value and a solid 6% increase in volume, signalling robust market confidence and sustained investor appetite for Dubai properties. The performance was driven by strong growth in ready transactions, for both primary and secondary segments. Primary ready sales more than quadrupled compared to May 2024, reaching AED17.9 billion. This represented a 314% increase in value across 2,400 transactions and a 145% growth. Secondary ready sales also reached a new peak, with 6,078 transactions worth AED24 billion, representing 8% and 21% year-over-year growth in volume and value, respectively, underscoring strong and sustained demand in the resale market. Key data highlights: Primary market continues its dominance: Overall, primary ready and off-plan sales skyrocketed, rising by 65% year-over-year to reach AED 37 billion in May 2025. Secondary market shows resilience: Overall, the secondary sales market set a new record in May 2025, with AED 29 billion in transaction value and 8,471 transactions, up 23% and 15% year-over-year, respectively. Strategic investment hotspots: Business Bay emerged as a premium investment magnet, capturing 5% of total primary transaction value despite representing only 3% of volume, indicating high-value, sophisticated investment activity. Al Barsha demonstrated broad market appeal, accounting for 2% of total value while commanding 5% of transaction volume, showcasing strong demand across price points. A notable AED 1.5 billion land transaction in Palm Deira further underscored institutional confidence in Dubai's long-term growth trajectory, bolstered by strong resale activity in key communities such as Business Bay, Al Barsha, and Wadi Al Safa 3. Consumer behaviour trends: Consumer preferences have stayed steady for the past one year, with apartments dominating demand from home seekers, representing 78% of rental searches and 60% of buyer interest. While studios attracted 21% of rental searches and only 15% of purchase interest, one-bedroom units commanded 35% of purchase searches and 38% of rental searches. This imbalance could potentially suggest that while studios are more attractive for budget-conscious renters, buyers tend to prioritise larger units, due to perceived long-term value, livability, or investment potential. Cherif Sleiman, Chief Revenue Officer at Property Finder, said, 'Just when we thought April was Dubai's most significant month in terms of transaction value at AED62.1 bn, May eclipsed this with AED66.8 billion in transaction value. This underscores the sustainability of the trends driving current growth. Dubai continues to lead real estate innovation by example, as evidenced by the recent launch of the region's first licensed tokenized property investment platform by Dubai Land Department. With the remarkable growth in population this year, welcoming nearly 1,000 new residents each day – double of last year's daily visitor arrivals, demand for housing is poised to reach peak levels. Against this backdrop, the real estate market is enjoying positive momentum, fuelled by digital transformation, international investor appetite, and a surge in demand for premium living. Real estate leaders who participated in Property Finder's recent roundtable are confident of transaction activity picking up throughout 2025, buoyed by unprecedented interest from international investors, alongside a strong off-plan performance and vibrant luxury resale activity. These trends speak to the city's enduring appeal and resilience, even amid global uncertainty. As Dubai shapes the future of real estate, Property Finder remains committed to empowering buyers and investors with the insights they need to move with confidence.'
Zawya
17-03-2025
- Business
- Zawya
ADEK licenses 15 new private nurseries across emirate
Abu Dhabi Department of Education and Knowledge (ADEK) has licensed 15 new private nurseries 1,250 additional seats across Abu Dhabi, Al Ain and Al Dhafra. The new nurseries included British Orchard Nursery in Al Nahyan, Abu Dhabi, with an average fee of AED17,750; Apple Field Nursery, Al Manhal, Abu Dhabi, with average fees amounting to AED24,000; British Home Nursery, Al Bahyah, Abu Dhabi, with average fees totaling AED24,000; Little Hand Nursery, Al Aamerah, Al Ain, with average fees of AED24,000 and Learning Tree Nursery, Madinat Al Riyad, Abu Dhabi, with average fees at AED25,000. The other newly licensed nurseries comprised Little Genius Nursery, Zayed City, Al Dhafra, with average fees of AED 25,900; Little Smarties Nursery, Khalifa City, Abu Dhabi, with average fees amounting to AED26,000; Maple Tree International Nurseries, Reem Island, Abu Dhabi, with average fees totaling AED26,550; Kids Fantasy Nursery, Mohamed bin Zayed City, Abu Dhabi, with average fees of AED27,000 and Small Stars Nursery, Madinat Al Riyad, Abu Dhabi, with average fees of AED30,000. The five other nurseries included Thinkers Planet Nurseries, Bani Yas, Abu Dhabi, with an average fee totaling AED32,000; Tiny Dreams Nursery, Al Nahyan, Abu Dhabi, with an average fee amounting to AED36,000; Jack and Jill Nursery, Al Raha, Abu Dhabi, with average fees being AED45,000 and Redwood Nurseries in Al Kasir and Al Nahyan in Abu Dhabi, with both nurseries' average fees being AED51,375. ADEK carefully assessed multiple factors before granting approval to ensure these fees are reasonable and transparent. These include operational costs such as rent, staffing expenses to maintain appropriate child-to-teacher ratios and investments in educational materials and safety measures. Fees are also evaluated based on market trends and the sustainability of services. By taking these factors into account, parents can be assured that nursery fees are structured to support a safe, engaging and developmentally enriching start for their children. A total of 225 private nurseries with 27,791 seats provide nurturing environments that support children's cognitive, social, and emotional development during their formative years - critical for their future academic success and personal growth.
Tahawul Tech
11-03-2025
- Business
- Tahawul Tech
Smiles and Amazon.ae team up to provide Amazon Prime offers to customers in the UAE
Shopping, streaming, and savings are set to get much better and more rewarding as Smiles, the UAE's premier everyday rewards SuperApp, teams up with to offer customers in the UAE up to 6 months of Amazon Prime, using Smiles points. With this collaboration, customers can now subscribe to an Amazon Prime membership directly on the Smiles app at discounted prices of up to 58 per cent, courtesy of Smiles. Customers have the flexibility to redeem their Smiles Points against the subscription or pay using their credit card, earning additional points with every purchase. Khaled ElKhouly, Chief Consumer Officer, e& UAE, said: 'Our collaboration with Amazon is all about bringing real value and convenience to our customers. By offering discounts on Amazon Prime subscriptions through the Smiles app, we're making it easier to Reward Your Everyday while enjoying the best in shopping, entertainment, and savings.' Smiles customers can now subscribe to a 3 or 6-month Amazon Prime membership at a promotional rate through the Smiles app. 3-Month Promotion : Available for just AED24 on the Smiles app (retail price at AED48)—a 50 per cent discount. Customers can redeem this offer using 3,000 Smiles Points or pay via credit/debit card. : Available for just AED24 on the Smiles app (retail price at AED48)—a 50 per cent discount. Customers can redeem this offer using 3,000 Smiles Points or pay via credit/debit card. 6-Month Promotion : Available for only AED40 on the Smiles app (retail price at AED96)—a 58 per cent discount. Customers can redeem this offer using 5,000 Smiles Points or pay via credit/debit card. : Available for only AED40 on the Smiles app (retail price at AED96)—a 58 per cent discount. Customers can redeem this offer using 5,000 Smiles Points or pay via credit/debit card. After the promotional period, customers will automatically be billed AED16/month by to continue enjoying their Amazon Prime membership benefits. This collaboration brings together the best of both worlds for customers in the UAE, combining Smiles' innovative rewards ecosystem with the incremental value of Amazon Prime shopping, convenience and entertainment benefits. Smiles, the UAE's leading everyday rewards SuperApp, boasts a community of over five million loyal members. It empowers customers to earn and redeem points for a wide range of daily activities, including ordering food and groceries, booking home services, dining out, shopping, entertainment, travelling, and much more. 'Reward Your Everyday' underscores Smiles' commitment to enhancing every aspect of daily life and integrating the SuperApp more deeply into the lifestyles of UAE residents by making each interaction convenient and rewarding and delivering unmatched value and convenience to its customers. Prime continues to be the best way to enjoy Amazon, offering members a wide range of benefits such as Free Same-Day and One-Day Delivery, Free International Delivery from Amazon US, UK and Germany and access to Prime Video and Prime Gaming. Image Credit: Smiles &
Zawya
10-03-2025
- Business
- Zawya
Smiles and Amazon.ae team up to provide Amazon Prime offers to customers in the UAE
Abu Dhabi – Shopping, streaming, and savings are set to get much better and more rewarding as Smiles, the UAE's premier everyday rewards SuperApp, teams up with to offer customers in the UAE up to 6 months of Amazon Prime, using Smiles points. With this collaboration, customers can now subscribe to an Amazon Prime membership directly on the Smiles app at discounted prices of up to 58 per cent, courtesy of Smiles. Customers have the flexibility to redeem their Smiles Points against the subscription or pay using their credit card, earning additional points with every purchase. Khaled ElKhouly, Chief Consumer Officer, e& UAE, said: 'Our collaboration with Amazon is all about bringing real value and convenience to our customers. By offering discounts on Amazon Prime subscriptions through the Smiles app, we're making it easier to Reward Your Everyday while enjoying the best in shopping, entertainment, and savings.' Smiles customers can now subscribe to a 3 or 6-month Amazon Prime membership at a promotional rate through the Smiles app. 3-Month Promotion: Available for just AED24 on the Smiles app (retail price at AED48)—a 50 per cent discount. Customers can redeem this offer using 3,000 Smiles Points or pay via credit/debit card. 6-Month Promotion: Available for only AED40 on the Smiles app (retail price at AED96)—a 58 per cent discount. Customers can redeem this offer using 5,000 Smiles Points or pay via credit/debit card. After the promotional period, customers will automatically be billed AED16/month by to continue enjoying their Amazon Prime membership benefits. This collaboration brings together the best of both worlds for customers in the UAE, combining Smiles' innovative rewards ecosystem with the incremental value of Amazon Prime shopping, convenience and entertainment benefits. Smiles, the UAE's leading everyday rewards SuperApp, boasts a community of over five million loyal members. It empowers customers to earn and redeem points for a wide range of daily activities, including ordering food and groceries, booking home services, dining out, shopping, entertainment, travelling, and much more. "Reward Your Everyday" underscores Smiles' commitment to enhancing every aspect of daily life and integrating the SuperApp more deeply into the lifestyles of UAE residents by making each interaction convenient and rewarding and delivering unmatched value and convenience to its customers. Prime continues to be the best way to enjoy Amazon, offering members a wide range of benefits such as Free Same-Day and One-Day Delivery, Free International Delivery from Amazon US, UK and Germany and access to Prime Video and Prime Gaming. About Smiles Smiles is e&'s full-service lifestyle SuperApp and one of the largest one-stop shops for the everyday needs of UAE residents and visitors. With 6,500 participating brands and over 15,000 partner outlets in the UAE, Smiles offers deals and rewards on food and grocery deliveries, home services booking, e& services as well as dining, shopping, entertainment, wellness and travel benefits, making it a premier lifestyle SuperApp. Smiles is currently one of the most downloaded apps in UAE on both the playstore as well as the app store. Smiles currently has over 5.5 million registered members and is open to all UAE citizens, residents, and visitors. New customers can download the Smiles SuperApp from the iOS app store, Android Play store, or Huawei AppGallery to enjoy great benefits immediately. About Prime Prime delivers savings, convenience, and entertainment all in a single membership, to more than 200 million paid Prime members around the world. In the UAE, the Prime membership programme includes Free Same-Day and Free One-Day Delivery for eligible orders, Free Delivery from Amazon US, UK, and Germany on eligible items, exclusive shopping deals across a wide selection of products, incredible savings during Prime Day, access to Prime Video, and Prime Gaming.
