Latest news with #AED25.3
Hi Dubai
26-05-2025
- Business
- Hi Dubai
UAE Real Estate Transactions Surge Past AED239 Billion in First Quarter of 2025
Real estate activity across five UAE emirates soared to over AED239 billion in the first quarter of 2025, signaling strong investor confidence and robust market momentum, official data revealed. Between January and March, more than 94,700 sales, purchases, and mortgage deals were recorded in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah. This marked a significant upswing in the country's property sector, driven by flexible regulations and an expanding pipeline of development projects. Abu Dhabi posted AED25.3 billion in transactions, a 34.5 percent increase compared to the same period in 2024. The emirate saw 3,819 sale deals worth AED15.51 billion and 3,077 mortgage transactions totaling AED9.8 billion, reflecting strong market activity. Dubai led the market with AED193 billion in real estate transactions from 58,039 deals, up 16.2 percent in value year-on-year. Sales reached AED142 billion from 45,077 transactions, a 30 percent rise, while mortgages grew by 27 percent in volume to AED41 billion. Sharjah's property sector recorded AED13.2 billion in deals, growing nearly 32 percent year-on-year. Ajman's market also expanded by 29 percent, totaling AED5.55 billion, including AED3.69 billion from sales and purchases and AED905 million from mortgages. Ras Al Khaimah reported strong demand for residential off-plan properties, with sales exceeding AED2.4 billion from over 1,300 transactions, highlighting growth in the northern emirate's housing market. Talal Al Dhiyebi, CEO of Aldar Properties, attributed the surge to the UAE's overall economic progress, positioning the country as a top destination for living, working, and investing. Aldar alone posted AED8.9 billion in Q1 sales, up 42 percent from last year, with occupancy rates above 95 percent. The strong start to 2025 underscores continued confidence and growth potential in the UAE's real estate landscape. News Source: Emirates News Agency
Dubai Eye
24-05-2025
- Business
- Dubai Eye
Real estate transactions in five UAE emirates reach AED239 billion in Q1
Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. More than 94,719 sales, purchase, and mortgage deals were recorded from January through March in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, marking a robust start to the year for the UAE's property sector. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said the UAE's real estate boom is fuelled by the country's broader economic and cultural progress, making it one of the world's most attractive destinations for living, working, and investing. In statements to the Emirates News Agency (WAM), he said that Aldar reported AED8.9 billion in Q1 sales, a 42 per cent year-on-year increase, with portfolio occupancy rates exceeding 95 per cent by the end of the quarter. Abu Dhabi posted AED25.3 billion in total real estate transactions, up 34.5 per cent from Q1 2024. This included 3,819 sale deals worth AED15.51 billion—up 26.7 per cent—and 3,077 mortgage transactions totalling AED9.8 billion, a 49 per cent increase, according to the Abu Dhabi Real Estate Centre. Dubai accounted for the largest share, with AED193 billion in real estate transactions, resulting from 58,039 transactions, a growth of 16.2 per cent in value and 31.5 per cent compared to 2024. The Dubai Land Department reported AED142 billion in sales from 45,077 deals, marking a 30 percent increase in value compared to the same period last year. Mortgages reached AED41 billion from 10,949 transactions, up 27 percent in volume. The remainder came from grants and exchanges. Sharjah recorded AED13.2 billion in property transactions from 24,597 deals, up 31.9 per cent year-on-year, data from the Sharjah Real Estate Registration Department showed. Ajman registered AED5.55 billion in total transactions, reflecting a 29 per cent increase. Of this, AED3.69 billion came from 3,132 sales and purchase transactions, and AED905 million from 498 mortgage transactions, with the remainder comprising grants and property exchanges. In Ras Al Khaimah, residential off-plan sales exceeded AED2.4 billion from more than 1,300 transactions, according to a report by CBRE, highlighting continued demand in the northern emirate's housing market.
ARN News Center
24-05-2025
- Business
- ARN News Center
Real estate transactions in five UAE emirates reach AED239 billion in Q1
Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. More than 94,719 sales, purchase, and mortgage deals were recorded from January through March in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, marking a robust start to the year for the UAE's property sector. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said the UAE's real estate boom is fuelled by the country's broader economic and cultural progress, making it one of the world's most attractive destinations for living, working, and investing. In statements to the Emirates News Agency (WAM), he said that Aldar reported AED8.9 billion in Q1 sales, a 42 per cent year-on-year increase, with portfolio occupancy rates exceeding 95 per cent by the end of the quarter. Abu Dhabi posted AED25.3 billion in total real estate transactions, up 34.5 per cent from Q1 2024. This included 3,819 sale deals worth AED15.51 billion—up 26.7 per cent—and 3,077 mortgage transactions totalling AED9.8 billion, a 49 per cent increase, according to the Abu Dhabi Real Estate Centre. Dubai accounted for the largest share, with AED193 billion in real estate transactions, resulting from 58,039 transactions, a growth of 16.2 per cent in value and 31.5 per cent compared to 2024. The Dubai Land Department reported AED142 billion in sales from 45,077 deals, marking a 30 percent increase in value compared to the same period last year. Mortgages reached AED41 billion from 10,949 transactions, up 27 percent in volume. The remainder came from grants and exchanges. Sharjah recorded AED13.2 billion in property transactions from 24,597 deals, up 31.9 per cent year-on-year, data from the Sharjah Real Estate Registration Department showed. Ajman registered AED5.55 billion in total transactions, reflecting a 29 per cent increase. Of this, AED3.69 billion came from 3,132 sales and purchase transactions, and AED905 million from 498 mortgage transactions, with the remainder comprising grants and property exchanges. In Ras Al Khaimah, residential off-plan sales exceeded AED2.4 billion from more than 1,300 transactions, according to a report by CBRE, highlighting continued demand in the northern emirate's housing market.
Trade Arabia
14-04-2025
- Business
- Trade Arabia
Dubai Duty Free records $565bn in Q1 sales
Dubai Duty Free has announced record sales of AED2.06 billion ($565 million) in the first quarter of 2025, driven by an exceptional performance in February, which recorded the highest monthly sales in the company's history, reaching AED709 million ($194 million), reported WAM. Ramesh Cidambi, Managing Director of Dubai Duty Free, confirmed that the strong performance during this period reflects the excellence of services and their integration with the growth in passenger traffic, especially in February, during which average daily sales reached about AED25.3 million. Perfumes topped the sales categories with AED371 million, contributing around 18% to total revenue, while the confectionery sector saw remarkable growth of 57 per cent, supported by the great success of the Dubai-branded chocolate promotions.
Zawya
10-04-2025
- Business
- Zawya
Dubai Duty Free records $565bln in Q1 sales
Dubai Duty Free has announced record sales of AED2.06 billion ($565 million) in the first quarter of 2025, driven by an exceptional performance in February, which recorded the highest monthly sales in the company's history, reaching AED709 million ($194 million), reported WAM. Ramesh Cidambi, Managing Director of Dubai Duty Free, confirmed that the strong performance during this period reflects the excellence of services and their integration with the growth in passenger traffic, especially in February, during which average daily sales reached about AED25.3 million. Perfumes topped the sales categories with AED371 million, contributing around 18% to total revenue, while the confectionery sector saw remarkable growth of 57 per cent, supported by the great success of the Dubai-branded chocolate promotions. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
