Latest news with #AED30
Mid East Info
13-05-2025
- Business
- Mid East Info
AI guides new generation of Dubai property buyers - Middle East Business News and Information
Market reports shows AI-driven tools attracting tech-savvy investors ahead of sold-out real estate summit Dubai, UAE: Dubai's buoyant real estate market is witnessing a generational shift, with AI playing a key part in attracting a new wave of younger buyers. A market report released by fäm Properties today reveals a steep drop in the average age of buyers over the last eight years – from 54 in 2017 to 44 in 2025 in the off-plan sector, and from 53 to 42 in the ready or re-sale market. AVERAGE AGE OF DUBAI REAL ESTATE BUYERS IN RECENT YEARS Year Off-plan Ready/re-sale 2017 54 53 2021 46 45 2022 45 45 2023 44 44 2024 44 42 2025 to date 44 42 The shift towards younger buyers is further underlined by real estate transactions so far in 2025, with 36-45-year-olds accounting for 40% of off plan sales and 44% ready and re-sale transactions. Meanwhile, the 21-25 age group bought 38.6% and 33.3% more property respectively in the two sectors compared with last year. The data is from AI-powered platform DXBinteract, a leading source of market intelligence and a symbol of how advanced technology is attracting younger buyers to the Dubai property market, providing insights and data to support their decision-making. AI technology tracks what buyers are searching for, what matters to them most, and how market patterns are changing, helping investors and buyers, as well as agents, make faster and better decisions. 'In the past, the market was dominated by older investors who relied on experience to make their investments,' said Firas Al Msaddi, CEO of fäm Properties. 'But AI and digital tools are making the market more transparent, and educating tech-savvy younger buyers. 'It's too early yet to rely on AI alone to decide where to invest, and human judgement is still important in a complex real estate market. But AI's role will grow as the tech develops.' The impact of AI, big data, and digital innovation on the real estate industry will be highlighted by t ech visionary Mo Gawdat, former Chief Business Officer at Google [X], when he delivers the keynote at the sold-out Game Changers 2.0 real estate summit in Dubai on Friday night. The event is a sell-out, with VIP tickets going for up to AED30,000. Gawdat will share the stage at the Coca Cola Arena with Al Msaddi and Dr. Mahmood AlBurai, Dubai Land Department's Senior Director Real Estate policies and innovation, to address an audience of industry professionals, developers, and tech leaders. So far in 2025, the 41-45 age group have accounted for the biggest share of total off-plan sales in Dubai – 21% – closely followed by 36 to 40-year-olds at 19%. DUBAI PROPERTY SALES BY AGE GROUP TO DATE IN 2025 Off-plan Ready/ Re-sale Sales share Age Deals Change vs 2024 Sales share Age Deals Change vs 2024 21% 41-45 8,365 +2.1% 23% 36-40 8,611 +9.2% 19% 36-40 7,433 -5.1% 21% 41-45 7,886 -2% 17% 46-50 6,572 -4.5% 16% 31-35 5,927 +9.8% 13% 31-35 4,999 -1.1% 15% 46-50 5,811 -2.4% 12% 51-55 4,852 -5.4% 10% 51-55 3,685 -4.4% 8% 56-60 3,344 -1% 7% 26-30 2,810 +31.9% 7% 26-30 2,651 +4% 6% 56-50 2,438 -8% 3% 21-25 1,095 +38.6% 2% 21-25 789 +33.3% The ready or re-sale sector shows a similar pattern, with the 36-40 age group accounting for 23% of all transactions, followed by the 41-45 segment at 21%. However, the younger age groups have recorded by far the biggest year-on-year increases so far, including 26-30-year-olds buying 31.9% more property in the ready or re-sale market.
Arabian Business
01-05-2025
- Business
- Arabian Business
Careem launches budget-friendly ‘Meals:On' in Abu Dhabi
Dubai super app Careem announced the launch of 'Meals:On' in Abu Dhabi – a new food feature designed to simplify solo food orders and make high-quality meal deals more affordable for customers ordering alone. Ordering a solo meal often feels expensive, with a lack of reasonably priced meal bundles. 'Meals:On' addresses this by offering a curated selection of complete, high-quality meal deals from top local and international restaurants, all priced under AED29. Most meals include a main dish, side salad, and drink and can be found in a dedicated section on Careem Food for easy one-tap ordering, the company said. Jaskaran Singh, VP of Careem Food, said the purpose is to simplify life in the region, and with this launch the company is doing just that for solo diners. 'Whether it's lunch during a busy workday or a quick dinner after hours, customers often feel overwhelmed by the choices and feel like they're paying too much for each meal. Meals:On eliminates that friction by making high-quality, affordable meals available with minimal effort,' he said. View this post on Instagram A post shared by Careem UAE (@careemuae) Imad El Fay, VP of Growth at Kitopi, said the firm is excited to partner with Careem on the launch of 'Meals:On' to make it easier and more affordable for customers to enjoy great food, especially when ordering for one person. Meals:On boasts a number of popular Abu Dhabi restaurants, including Wagamama, Wingstop, Just Burger, Zaatar w Zeit, Barbar, Papa Johns, Right Bite, Sushi Do, Costa and Allo Beirut. Careem Plus members also enjoy free delivery on Meals:On orders, even if the order value is below AED30 – a benefit designed specifically for solo meal purchases, the company said. The company's data indicates that over 64 per cent of Careem Food customers in the UAE typically order for one during lunch hours. 'Meals:On' is meant to cater to that majority, drawing inspiration from Munch:On, the solo-meal platform Careem acquired in 2022, the company said.
Hi Dubai
30-04-2025
- Business
- Hi Dubai
Dubai Municipality Drives Major Urban Transformation with Focus on Sustainability and Smart Services
Dubai Municipality is ushering in a new era of urban development, blending sustainable infrastructure, digital innovation, and community-focused services to elevate the city's livability and resilience, said His Excellency Marwan bin Ghalita, Acting Director General of Dubai Municipality, during a media briefing hosted by the Government of Dubai Media Office. Addressing editors and industry leaders as part of the 'Meet the CEO' series, Bin Ghalita outlined key priorities, from AI-powered platforms to major infrastructure projects, guided by the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. Among the headline initiatives is the AED30 billion 'Tasreef' rainwater drainage system and the AED80 billion Dubai Strategic Tunnels for Sewerage Project, both central to enhancing sustainability and climate resilience. The Waste-to-Energy Centre in Warsan, now operational, powers over 135,000 homes using two million tonnes of annual waste. In housing and planning, the 'Home is a Priority' initiative supports Emirati families, while AI-driven platforms like the Dubai Digital Twin improve urban planning and service delivery. Land allocations and masterplans for areas including Latifa City and Al Yalayis 5 are also underway. Public health and food safety efforts are scaling, with programmes like 'Safe Water for a Healthy Community' and tools such as the Montaji Plus app ensuring high standards for over nine million tonnes of imported food annually. Green spaces and community hubs are also expanding, with 600 trees planted daily and new parks, beaches, and majlis venues under development. Dubai Municipality is further enhancing services through virtual appointments and private-sector partnerships worth AED28 billion, all aimed at building a future-ready, people-centric city. News Source: Dubai Media Office
Zawya
29-04-2025
- Entertainment
- Zawya
Richmind launches ZHA-designed project in Al Marjan
UAE - Richmind, a premium developer specialising in ultra-niche real estate products and the flagship business vertical of Richmind Holding, has announced its entry into the UAE market with the unveiling of Oystra, a new residential concept on Al Marjan Island, Ras Al Khaimah. Oystra, designed by the world renowned Zaha Hadid Architects (ZHA), is set to become an architectural masterpiece and lifestyle destination in one of the UAE's first entertainment and gaming destinations. Oystra is slated to be one of the most recognisable residences on the island this year, the developer said, adding it has a future project pipeline of over $1 billion. Oystra's unveiling was celebrated at a high-profile event which was attended by stalwarts of the real estate industry, influential design consultancies and distinguished dignitaries, at the Coca-Cola Arena Dubai. Global music icon Craig David performed his all-time hits as well as remixes at the invite-only event for an ecstatic audience. The winner of the Richmind sponsored radio competition 'Sing Your Way To 30K', took the stage as the opening act. Locally based, Nigerian musician, Edenojie, emerged victorious amongst hundreds of entries, raising the mood at the Coca Cola Arena with his original melodies. Edenojie also took home AED30,000 cash prize sponsored by Richmind to support his creative pursuits. The competition was a testament to Richmind's values of promoting art in all its forms and supporting creative endeavours for the greater good of society, it said. 'Oystra is a jewel in our development portfolio and so much more than just a project — it is a statement of intent, design and pure marvel,' said Mohammad Rafiee, CEO of Richmind. 'It reflects our passion for visionary design, lifestyle innovation, and a bold approach to shaping spaces that inspire and endure through time. We are proud to partner with some of the most respected names in global design to bring this dream to life. Working with Zaha Hadid Architects has been both a privilege and a purposeful choice. We share a vision rooted in bold thinking, design excellence, and a deep commitment to originality.' Architect Abdulla Al Abdouli, Chief Executive Officer of Marjan, commented: 'Al Marjan has become a canvas for exceptional developments, and Oystra is a strong addition to Ras Al Khaimah's narrative. With Oystra, we welcome an architectural masterpiece project to Al Marjan Island. It reflects the kind of forward-thinking development that aligns perfectly with our ambition to position Ras Al Khaimah as a global destination for tourism, luxury, and investment.' Oystra introduces a range of one- to four-bedroom apartments, as well as exclusive duplexes, penthouses, and waterfront villas. The residences are designed to maximise views of the Arabian Gulf and are crafted to the highest standards by utilising the finest materials. 'Our collaboration with Richmind is the result of shared ambition, creative dialogue, and a deep respect for the landscape we're building within. Our design for Oystra is inspired by the natural energy of the sea and the sky. The architecture responds to its environment with a sense of motion and openness that is yet to be seen commonly,' said Christos Passas, Director of Design at Zaha Hadid Architects. 'It is a fusion of form, function, and freedom—creating a residential experience that is as sculptural as it is livable.' Bringing this visionary project to life is a global team of elite partners including HBA for interior design, Dewan Architects for architecture, and Cracknell for landscaping — each selected for their award-winning track records and commitment to excellence. The pricing starts at AED2.9 million ($789,545), with a handover expected in Q1 2029. Oystra will feature a beach club famed for its ultra-premium service, centered around a 150-m crystal lagoon and private shoreline. At the tower's summit, residents and guests will find the emirate's first 360-degree infinity pool, encircling a refined culinary and lounge concept with panoramic views from the highest point of the project. The development also incorporates expansive terraced spaces with a curated mix of wellness, leisure, and social amenities, including a golf simulator, paddle courts, yoga pavilions, landscaped greens, artisanal cafés, and a pet-friendly park. A dedicated five-star concierge team will ensure seamless and personalised service for every resident. With assets and interests in the United Kingdom, Portugal, Spain, and other European Nations, as well as the UAE, Richmind Holding's reach is extensive in the region and in major global markets. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Richmind launches ZHA-designed project in Al Marjan
Richmind, a premium developer specialising in ultra-niche real estate products and the flagship business vertical of Richmind Holding, has announced its entry into the UAE market with the unveiling of Oystra, a new residential concept on Al Marjan Island, Ras Al Khaimah. Oystra, designed by the world renowned Zaha Hadid Architects (ZHA), is set to become an architectural masterpiece and lifestyle destination in one of the UAE's first entertainment and gaming destinations. Oystra is slated to be one of the most recognisable residences on the island this year, the developer said, adding it has a future project pipeline of over $1 billion. . Oystra's unveiling was celebrated at a high-profile event which was attended by stalwarts of the real estate industry, influential design consultancies and distinguished dignitaries, at the Coca-Cola Arena Dubai. Global music icon Craig David performed his all-time hits as well as remixes at the invite-only event for an ecstatic audience. The winner of the Richmind sponsored radio competition 'Sing Your Way To 30K', took the stage as the opening act. Locally based, Nigerian musician, Edenojie, emerged victorious amongst hundreds of entries, raising the mood at the Coca Cola Arena with his original melodies. Edenojie also took home AED30,000 cash prize sponsored by Richmind to support his creative pursuits. The competition was a testament to Richmind's values of promoting art in all its forms and supporting creative endeavours for the greater good of society, it said. 'Oystra is a jewel in our development portfolio and so much more than just a project — it is a statement of intent, design and pure marvel,' said Mohammad Rafiee, CEO of Richmind. 'It reflects our passion for visionary design, lifestyle innovation, and a bold approach to shaping spaces that inspire and endure through time. We are proud to partner with some of the most respected names in global design to bring this dream to life. Working with Zaha Hadid Architects has been both a privilege and a purposeful choice. We share a vision rooted in bold thinking, design excellence, and a deep commitment to originality.' Architect Abdulla Al Abdouli, Chief Executive Officer of Marjan, commented: 'Al Marjan has become a canvas for exceptional developments, and Oystra is a strong addition to Ras Al Khaimah's narrative. With Oystra, we welcome an architectural masterpiece project to Al Marjan Island. It reflects the kind of forward-thinking development that aligns perfectly with our ambition to position Ras Al Khaimah as a global destination for tourism, luxury, and investment.' Oystra introduces a range of one- to four-bedroom apartments, as well as exclusive duplexes, penthouses, and waterfront villas. The residences are designed to maximise views of the Arabian Gulf and are crafted to the highest standards by utilising the finest materials. 'Our collaboration with Richmind is the result of shared ambition, creative dialogue, and a deep respect for the landscape we're building within. Our design for Oystra is inspired by the natural energy of the sea and the sky. The architecture responds to its environment with a sense of motion and openness that is yet to be seen commonly,' said Christos Passas, Director of Design at Zaha Hadid Architects. 'It is a fusion of form, function, and freedom—creating a residential experience that is as sculptural as it is livable.' Bringing this visionary project to life is a global team of elite partners including HBA for interior design, Dewan Architects for architecture, and Cracknell for landscaping — each selected for their award-winning track records and commitment to excellence. The pricing starts at AED2.9 million ($789,545), with a handover expected in Q1 2029. Oystra will feature a beach club famed for its ultra-premium service, centered around a 150-m crystal lagoon and private shoreline. At the tower's summit, residents and guests will find the emirate's first 360-degree infinity pool, encircling a refined culinary and lounge concept with panoramic views from the highest point of the project. The development also incorporates expansive terraced spaces with a curated mix of wellness, leisure, and social amenities, including a golf simulator, paddle courts, yoga pavilions, landscaped greens, artisanal cafés, and a pet-friendly park. A dedicated five-star concierge team will ensure seamless and personalised service for every resident. With assets and interests in the United Kingdom, Portugal, Spain, and other European Nations, as well as the UAE, Richmind Holding's reach is extensive in the region and in major global markets. – TradeArabia News Service
