Latest news with #AED28
Dubai Eye
04-08-2025
- Business
- Dubai Eye
Dubai completes 24 real estate projects worth AED4.5 billion in H1
Dubai's real estate sector has marked steady growth in the first half of 2025, with the completion of 24 real estate projects valued at AED4.5 billion. According to data from the Dubai Land Department (DLD), 726 projects are currently under construction across the emirate. Dubai's real estate market registered 90,337 new units during the first half of the year, with 75,347 units sold with combined worth of AED151 billion. Villa sales demonstrated strong performance, with 7,167 villas sold for over AED28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities. In the rental market, 465,738 lease contracts were registered during H1, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1 per cent. This indicates a stable and steady sector, supported by government initiatives and programmes aimed at encouraging residents to transition from renting to home-ownership and enhancing family and social stability in the emirate. The total value of lease contracts reached approximately AED42 billion in H1, reflecting a 5 per cent increase compared to the same period in 2024. New lease contracts saw a 7 per cent rise, reaching 232,928, up from 217,101 in the same period last year. The figures reaffirm Dubai's leading position in the regional and global real estate sector.
ARN News Center
03-08-2025
- Business
- ARN News Center
Dubai completes 24 real estate projects worth AED4.5 billion in H1
Dubai's real estate sector has marked steady growth in the first half of 2025, with the completion of 24 real estate projects valued at AED4.5 billion. According to data from the Dubai Land Department (DLD), 726 projects are currently under construction across the emirate. Dubai's real estate market registered 90,337 new units during the first half of the year, with 75,347 units sold with combined worth of AED151 billion. Villa sales demonstrated strong performance, with 7,167 villas sold for over AED28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities. In the rental market, 465,738 lease contracts were registered during H1, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1 per cent. This indicates a stable and steady sector, supported by government initiatives and programmes aimed at encouraging residents to transition from renting to home-ownership and enhancing family and social stability in the emirate. The total value of lease contracts reached approximately AED42 billion in H1, reflecting a 5 per cent increase compared to the same period in 2024. New lease contracts saw a 7 per cent rise, reaching 232,928, up from 217,101 in the same period last year. The figures reaffirm Dubai's leading position in the regional and global real estate sector.
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.
Zawya
06-05-2025
- Business
- Zawya
Dubai sets new real estate records again
A record-breaking surge in the secondary market, alongside significant growth in the primary market, saw Dubai achieve the highest-ever monthly total in sales transactions, with a 94% year-on-year surge in value and a 54% rise in transaction volume. Dubai's secondary segment achieved a record AED28 billion in sales across over 7,700 transactions, up 67% in value and 66% in volume from April 2024. Primary sales further contributed to the charge, touching AED 34.2 billion in value, a 124% increase from April 2024. DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has released its market performance highlights for April 2025, highlighting unprecedented peaks in Dubai's real estate activity. Dubai Land Department (DLD) data reveals that this April, Dubai recorded AED 62.1 billion in total sales transactions, the highest ever monthly total for the emirate – a 94% year-on-year surge in value as compared to April 2024, and a 54% rise in transaction volume. This landmark performance underscores the city's thriving property sector, with growth witnessed across both primary (off-plan) and secondary (ready) markets. Key data highlights: Sales performance: The primary market shows no signs of slowing down The primary property segment led the charge on Dubai real estate, with sales touching AED 34.2 billion in value, a 124% 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% and 13% of the total value, respectively, despite representing less than 2% and 4% of total transaction volume of primary transactions, highlighting investor appetite for future-forward, branded communities. Sales performance: Resale maintains strong and sustained growth The secondary segment performed equally notably, with a record AED28 billion in sales value across more than 7,700 transactions, up 67% in value and 66% in volume from April 2024. While a landmark AED 1.45 billion land transaction in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali stood out, strong resale activity in key communities [1] such as Palm Jumeirah, JVC, and Dubai Marina also contributed significantly to overall transaction value. Consumer preferences: Apartments dominate home searches Apartment living continues to be the preferred choice across both buyer and renter categories; with apartments accounting for nearly 78% of rental searches and 59% of purchase interest in April 2025. Studio apartments comprised 21% of all rental searches on Property Finder, but just 14% 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% of buyer searches and 31% of rental demand. Cherif Sleiman, Chief Revenue Officer at Property Finder, said, ' 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.' He adds, '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. At Property Finder, we continue supporting this vision by empowering home seekers and investors with the data-led tools and insights they need to make confident, future-focused decisions.' All the latest information for top listings and communities is available on Data Guru by Property Finder that can be accessed at or on the Property Finder app, available for download on Google Play and Apple Store. About Property Finder Property Finder is a pioneering property portal in the Middle East and North Africa (MENA) region, dedicated to shaping an inclusive future for real estate while spearheading the region's growing tech ecosystem. At its core is a clear and powerful purpose: To change living for good in the region. Founded on the value of great ambitions, Property Finder connects millions of property seekers with thousands of real estate professionals every day. The platform offers a seamless and enriching experience, empowering both buyers and renters to make informed decisions. Since its inception in 2007, Property Finder has evolved into a trusted partner for developers, brokers, and home seekers. As a lighthouse tech company, it continues to create an environment where people can thrive and contribute meaningfully to the transformation of real estate in MENA. For more information, please contact: Gambit PR & Communications propertyfinder@
