Latest news with #AED290
Mid East Info
17-03-2025
- Business
- Mid East Info
Investors gain AED715 million from three Downtown Dubai land sales - Middle East Business News and Information
Prime plots in city's iconic hub yield exceptional returns, reinforcing its position as leading global investment hotspot Dubai, UAE, 17th March, 2025: Three plots of land in Downtown Dubai have been sold for a combined profit of AED715 million, highlighting the incredible growth and investment potential of the city's real estate market. The three transactions, all completed within the space of five days last month, brought individual returns of AED225 million, AED290 million and AED200 million for the three sellers. Data from DXBinteract revealed that an investor sold one of the plots, a prime 51,439 sqft parcel of land, for AED400 million, just 18 months after buying it for AED175 million. The two other plots were bought in April 2017 and May 2021 respectively. Plot (sqft) Purchase Price Sale Price Profit Appreciation 51,439 AED 175M AED 400M AED 225M 129% 36,345 AED 95M AED 385M AED 290M 305% 71,169 AED 200M AED 400M AED 200M 100% 'These transactions highlight rising land values in prime areas of the city, and underline how Downtown Dubai's unique blend of luxury residential, commercial, and leisure offerings has made it a top global destination for investors,' said Firas Al Msaddi, CEO of fäm Properties. 'In addition to its commercial appeal, Downtown Dubai is a major tourist destination, attracting millions of visitors annually to its world-class attractions, luxury hotels, and fine dining establishments. This dual appeal makes it a unique investment opportunity.' Home to world-famous landmarks such as the Burj Khalifa, The Dubai Mall, and the Dubai Fountain, Downtown Dubai has seen land values appreciate significantly over recent years, driven by strong demand and limited supply. The three major plot sales in quick succession last month spotlight the increasingly buoyant nature of the Dubai real estate market following last year's all-time peak of 180,900 property transactions worth AED522.1 billion. Investors notched up record profits of almost AED60 billion from Dubai's re-sale market in 2024. The secondary market generated capital gains of AED 59.7 billion, 34% up on 2023, completing a dramatic 1300% increase over the last five-years. 'The rapid appreciation of land is a testament to the confidence investors have in Dubai's future,' said Al Msaddi. 'This is the result of the strict regulations, digital transparency tools, and long-term development strategies initiated by the Dubai Land Department and the Dubai Government. 'Buyers and investors see this as a secure, transparent market, and have gained trust in real estate professionals to help them capitalise on Dubai's status as a premier investment destination. This is an exciting time for the industry, and we look forward to seeing continued momentum in the market.' Ends
Zawya
17-03-2025
- Business
- Zawya
Investors gain AED 715mln from three Downtown Dubai land sales
Dubai, UAE: Three plots of land in Downtown Dubai have been sold for a combined profit of AED715 million, highlighting the incredible growth and investment potential of the city's real estate market. The three transactions, all completed within the space of five days last month, brought individual returns of AED225 million, AED290 million and AED200 million for the three sellers. Data from DXBinteract revealed that an investor sold one of the plots, a prime 51,439 sqft parcel of land, for AED400 million, just 18 months after buying it for AED175 million. The two other plots were bought in April 2017 and May 2021 respectively. Plot (sqft) Purchase Price Sale Price Profit Appreciation 51,439 AED 175M AED 400M AED 225M 129% 36,345 AED 95M AED 385M AED 290M 305% 71,169 AED 200M AED 400M AED 200M 100% "These transactions highlight rising land values in prime areas of the city, and underline how Downtown Dubai's unique blend of luxury residential, commercial, and leisure offerings has made it a top global destination for investors," said Firas Al Msaddi, CEO of fäm Properties. 'In addition to its commercial appeal, Downtown Dubai is a major tourist destination, attracting millions of visitors annually to its world-class attractions, luxury hotels, and fine dining establishments. This dual appeal makes it a unique investment opportunity." Home to world-famous landmarks such as the Burj Khalifa, The Dubai Mall, and the Dubai Fountain, Downtown Dubai has seen land values appreciate significantly over recent years, driven by strong demand and limited supply. The three major plot sales in quick succession last month spotlight the increasingly buoyant nature of the Dubai real estate market following last year's all-time peak of 180,900 property transactions worth AED522.1 billion. Investors notched up record profits of almost AED60 billion from Dubai's re-sale market in 2024. The secondary market generated capital gains of AED 59.7 billion, 34% up on 2023, completing a dramatic 1300% increase over the last five-years. 'The rapid appreciation of land is a testament to the confidence investors have in Dubai's future,' said Al Msaddi. 'This is the result of the strict regulations, digital transparency tools, and long-term development strategies initiated by the Dubai Land Department and the Dubai Government. 'Buyers and investors see this as a secure, transparent market, and have gained trust in real estate professionals to help them capitalise on Dubai's status as a premier investment destination. This is an exciting time for the industry, and we look forward to seeing continued momentum in the market.' For further press information please contact: Tony Lewis / Narayan Marar Total Communications Email: tony@ / narayan@
Zawya
17-03-2025
- Business
- Zawya
Investors gain AED715mln from three Downtown Dubai land sales
Dubai, UAE: Three plots of land in Downtown Dubai have been sold for a combined profit of AED715 million, highlighting the incredible growth and investment potential of the city's real estate market. The three transactions, all completed within the space of five days last month, brought individual returns of AED225 million, AED290 million and AED200 million for the three sellers. Data from DXBinteract revealed that an investor sold one of the plots, a prime 51,439 sqft parcel of land, for AED400 million, just 18 months after buying it for AED175 million. The two other plots were bought in April 2017 and May 2021 respectively. Plot (sqft) Purchase Price Sale Price Profit Appreciation 51,439 AED 175M AED 400M AED 225M 129% 36,345 AED 95M AED 385M AED 290M 305% 71,169 AED 200M AED 400M AED 200M 100% "These transactions highlight rising land values in prime areas of the city, and underline how Downtown Dubai's unique blend of luxury residential, commercial, and leisure offerings has made it a top global destination for investors," said Firas Al Msaddi, CEO of fäm Properties. 'In addition to its commercial appeal, Downtown Dubai is a major tourist destination, attracting millions of visitors annually to its world-class attractions, luxury hotels, and fine dining establishments. This dual appeal makes it a unique investment opportunity." Home to world-famous landmarks such as the Burj Khalifa, The Dubai Mall, and the Dubai Fountain, Downtown Dubai has seen land values appreciate significantly over recent years, driven by strong demand and limited supply. The three major plot sales in quick succession last month spotlight the increasingly buoyant nature of the Dubai real estate market following last year's all-time peak of 180,900 property transactions worth AED522.1 billion. Investors notched up record profits of almost AED60 billion from Dubai's re-sale market in 2024. The secondary market generated capital gains of AED 59.7 billion, 34% up on 2023, completing a dramatic 1300% increase over the last five-years. 'The rapid appreciation of land is a testament to the confidence investors have in Dubai's future,' said Al Msaddi. 'This is the result of the strict regulations, digital transparency tools, and long-term development strategies initiated by the Dubai Land Department and the Dubai Government. 'Buyers and investors see this as a secure, transparent market, and have gained trust in real estate professionals to help them capitalise on Dubai's status as a premier investment destination. This is an exciting time for the industry, and we look forward to seeing continued momentum in the market.'
Sharjah 24
10-02-2025
- Business
- Sharjah 24
Khaled bin Mohamed bin Zayed meets board members of XRG
Reviewing XRG's investment opportunities During the meeting, Sheikh Khaled bin Mohamed reviewed XRG's investment opportunities and how the company will help meet the increasing global demand for lower-carbon energy. Emphasising priorities for growth Sheikh Khaled bin Mohamed emphasized the significance of prioritizing initiatives and programs that drive the company's growth across gas, chemicals, and low-carbon energy, in alignment with ADNOC's interests and objectives for XRG. Strengthening global partnerships for economic growth He also highlighted the importance of strengthening strategic global partnerships that contribute to realizing the leadership's vision by implementing high-impact projects that support sustainable economic growth. XRG's launch and goals XRG was officially launched during ADNOC's Annual Board of Directors Meeting in November 2024, with an enterprise value exceeding AED290 billion (US$80 billion). XRG aims to meet rising global demand for energy while supporting sustainable economic growth by expanding ADNOC's international investments in low-emission energy and chemicals. Attendees of the m eeting The meeting was attended by Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Executive Chairman of XRG; Dr. Ahmed Mubarak bin Nawi Al Mazrouei, Chairman of the President's Office for Strategic Affairs and Chairman of the Abu Dhabi Executive Office; Saif Saeed Ghobash, Secretary-General of the Abu Dhabi Executive Council; Jon Gray, President and Chief Operating Officer of Blackstone; Nassef Sawiris, Executive Chair of OCI Global; and Bernard Looney, Chairman of Prometheus Hyperscale.
