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Arabian Business
26-03-2025
- Business
- Arabian Business
AB Majlis podcast: A deep dive into Arabian Business' Dubai 100 power list – All you need to know
Dubai's most influential figures have been revealed in the highly anticipated 2025 edition of the Dubai 100 power list, with Mohamed Alabbar, founder and managing director of Emaar Properties and claiming the top spot. In a special episode of AB Majlis, Arabian Business' s Chief Reporter Tala Michel Issa and Reporter Nicole Abigael provided exclusive insights into the reimagined ranking system and the diverse leaders shaping Dubai's future. A new approach to measuring influence This year's Dubai 100 represents a significant departure from traditional power lists that focus primarily on wealth or titles. Arabian Business has introduced a sophisticated nine-parameter ranking system that evaluates individuals across multiple dimensions, including economic contribution, governance, environmental impact, and digital presence. View this post on Instagram A post shared by Arabian Business (@arabianbusiness) 'We wanted to create something more robust than traditional power lists that often focus solely on wealth or title,' Issa explained during the podcast. 'Our new nine-parameter ranking system evaluates individuals across multiple dimensions, from economic contribution and governance to environmental impact and digital presence.' 'We're assessing impact, influence, cultural significance, really looking at who's truly shaping Dubai's trajectory as it continues its remarkable ascent as a global powerhouse,' said Abigael. The comprehensive methodology weighs various factors differently, with inspiration carrying the highest weight at 20 per cent, followed by legacy and economic contribution at 15 per cent each. Cultural impact, community engagement, entrepreneurial achievement, and social media presence each contribute 10 per cent, while environmental impact and innovation round out the framework at 5 per cent each. This approach has resulted in greater diversity across industry representation, nationality, and gender, reflecting Dubai's evolution as a global city where power isn't just about money or position anymore. The Dubai 100's top 5 influential leaders The top five positions on the list showcase different facets of Dubai's development. Mohamed Alabbar (Emaar Properties, – His influence spans from building Dubai's skyline with the Burj Khalifa and Dubai Mall to challenging Amazon's digital dominance in the region with Abdul Aziz Al Ghurair (Mashreq Bank, Al Ghurair Investment) – Under his leadership, Mashreq Bank posted a record AED8.6 billion profit in 2023, representing a 130 per cent year-on-year increase. Beyond finance, he also serves as chairman of Dubai Chambers. Dr. Shamsheer Vayalil (Burjeel Holdings) – He has transformed healthcare across the region and positioned the UAE as a medical tourism destination. Burjeel Holdings saw a 16 per cent increase in revenue to around AED4.5 billion last year. Abdullah Al Futtaim (Al-Futtaim Group) – He has led the group's expansion across automotive, retail, real estate and financial services, while making significant investments in EV infrastructure across the UAE. Badr Jafar (Crescent Enterprises, Pearl Initiative) – Operating at the intersection of business, policy, and purpose, he oversees a $15 billion-plus conglomerate while driving real-world impact through the Pearl Initiative and serving as the UAE envoy for business and philanthropy. Featured women in Dubai 100 Notably, the list features a significant increase in female representation, starting with Huda Kattan of Huda Beauty at number six. With over 50 million Instagram followers and recognition as one of America's richest self-made women, Kattan has redefined influencer-led commerce while championing inclusivity and women's entrepreneurship. 'That's another important shift,' Issa noted during the podcast. 'Beyond Huda Kattan at number six, we have impressive leaders like Dr. Mariam Matar, who launched the UAE Genetic Diseases Association and transformed genetics from a niche science into a cornerstone of UAE healthcare policy.' Other prominent women on the list include Renuka Jagtiani, who leads the $9 billion Landmark Group retail empire spanning over 2,200 stores in 21 countries, and Hana Al Rostamani, who shattered the banking sector's glass ceiling as the first woman to lead a UAE-based bank when she became Group CEO of First Abu Dhabi Bank. Emerging trends reshape what influence truly means in Dubai The podcast hosts identified three major trends in this year's rankings. The rise of cultural operators – Individuals like Anas Bukhash, whose ABtalks platform has clocked over 300 million views, and Abdelmonem Bin Eisa Alserkal, who transformed a stretch of warehouses in Al Quoz into the beating heart of Dubai's contemporary art scene. Sustainability champions – Leaders like Habiba Al Mar'ashi, co-founder and chairperson of Emirates Environmental Group, have transformed environmental action from a niche concern into a mainstream priority, especially following COP28. Digital disruptors – Innovators like Haider Ali Khan of Bayut and dubizzle, who revolutionized property transactions in the Middle East, and Mudassir Sheikha and Magnus Olsen of Careem, who created the region's first unicorn startup. What this tells us about Dubai's future As the hosts discussed, the Dubai 100 reflects how influence is evolving from pure commercial success to multi-dimensional impact. The highest-ranked leaders aren't just building businesses—they're shaping entire ecosystems, influencing policy, and driving cultural change. 'I think we've covered a lot of ground today, from the titans of the industry who build Dubai's physical infrastructure to cultural innovators, tech disruptors reshaping its future as well,' Abigael explained. 'The Dubai 100 is not just a snapshot of who matters today,' Issa observed. 'It's actually a window into the future of the city itself. The individuals who make the list are those who understand where Dubai is headed and are helping to steer its course.' The list also points to the increasing importance of 'bridge builders'—people connecting Dubai to global networks—and those driving sustainability and innovation in line with Dubai's ambitious net-zero 2050 strategy. 'I think this diversity reflects Dubai's own evolution into a truly global city, one that values innovation, sustainability and cultural richness alongside economic growth,' Abigael added.
Trade Arabia
06-02-2025
- Business
- Trade Arabia
Dubai real estate off to a good start; January sales hit $12bn
Dubai's real estate market has made a strong start to 2025, with property sales in January surging to hit AED44.4 billion ($12 billion), up 24.1% in value over last year, according to UAE-based fäm Properties. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. A market update from fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945, stated the report. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020, it added. As per the report, Dubai's property sales for the month witnessed a 822% jump in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. On the solid start, Firas Al Msaddi, CEO of fäm Properties, said: "The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years." "This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets," he added.
Mid East Info
05-02-2025
- Business
- Mid East Info
Dubai property market enjoys big start to 2025 as January sales hit AED44.4 billion - Middle East Business News and Information
Land sales show biggest increase, as 14,236 overall transactions underline city as prime destination for property investment Dubai, UAE, 5th February, 2025: Dubai's real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots – a 151.9% month-on-month leap in volume – selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020. 'The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. 'This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.' Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. Overall, first sales from developers were significantly greater than those of resales – 65% over 35% in terms of volume, and 60% against 40% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million. JANUARY 2025 – Top five performing areas in terms of overall sales volume Wadi Al Safa 5 1,400 units Jumeirah Village Circle 982 Dubai South 942 Al Yelayiss 1 868 Business Bay 761 BEST-SELLING PROJECTS Off-plan apartments Units Value AED Terra Heights 493 891.1m Verdes By Haven 1 155 296.4m Lacina 150 313.3m Claydon House By Ellington 113 238.7m Diamondz By Danube 103 265.3m Off-plan villas La Tilia At Villanova Phase 2 106 346.7m La Tilia At Villanova Phase 1 103 327.7m Reportage Village 70 101.9m The Valley – Velora 56 182.4m Greenville 2 55 209.5m Ready apartments Remraam 43 34.2m Rukan 37 27.2m Maya 2 36 25m Lakeside 35 14.5m Sky Courts 30 18.4m Ready villas Reem – Mira Oasis Community Phase 2 10 29.4m The Fields At D11 MBRC 9 35.7m Reem – Mira Oasis Community 8 22.6m Shams Townhouses 8 21.1m Seasons Community – Autumn 8 20m Ends
Zawya
05-02-2025
- Business
- Zawya
Dubai property market enjoys big start to 2025 as January sales hit AED44.4bln
Dubai, UAE: Dubai's real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020. 'The figures once more emphasize the strength of Dubai's real estate market and the consistent growth seen in recent years,' said Firas Al Msaddi, CEO of fäm Properties. 'This underlines Dubai's status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.' Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year. The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat. Overall, first sales from developers were significantly greater than those of resales - 65% over 35% in terms of volume, and 60% against 40% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million.
