Latest news with #AlBarsha
Arabian Business
21 hours ago
- Business
- Arabian Business
Dubai real estate hits record $18.2bn in sales in May 2025 as ready transactions quadruple
Dubai's real estate market has saw AED66.8bn ($18.2bn) in property sales across 18,700 deals in May 2025, according to Property Finder. It marks a 44 per cent year-over-year increase in value and a 6 per cent rise in transaction volume. The record-breaking performance reflects growing investor confidence and sustained interest in both ready and off-plan properties. Dubai real estate in May 2025 The sharp surge was led by primary ready transactions, which quadrupled in value year-over-year to reach AED17.9bn ($4.88bn) across 2,400 deals—a 314 per cent increase in value and 145 per cent rise in volume. Meanwhile, secondary ready sales also hit historic highs, totalling AED24bn ($6.55bn) across 6,078 transactions, up 21 per cent in value and 8 per cent in volume compared to May 2024. Market highlights: Primary market dominance: Off-plan and ready sales rose by 65 per cent to AED37bn ($10.1bn) Secondary market resilience: Transactions surged to AED29bn ($7.9bn) across 8,471 deals, up 23 per cent in value and 15 per cent in volume Business Bay led premium investments, making up 5 per cent of total value from just 3 per cent of transactions Al Barsha saw high transaction volume, accounting for 5 per cent of deals A single AED1.5bn ($409m) land deal in Palm Deira highlighted institutional confidence in long-term growth Consumer trends: Apartments remained the top choice among both renters and buyers. 78 per cent of rental searches and 60 per cent of buyer interest focused on apartments. Studios drew 21 per cent of rental searches but just 15 per cent of purchase interest One-bedroom units led demand with 38 per cent of rental and 35 per cent of buyer searches, suggesting buyers prefer larger spaces for long-term value and liveability Expert insight Cherif Sleiman, Chief Revenue Officer at Property Finder, said: 'Just when we thought April was Dubai's most significant month in terms of transaction value at AED62.1 bn, May eclipsed this with AED66.8 billion in transaction value. This underscores the sustainability of the trends driving current growth. 'Dubai continues to lead real estate innovation by example, as evidenced by the recent launch of the region's first licensed tokenised property investment platform by Dubai Land Department. 'With the remarkable growth in population this year, welcoming nearly 1,000 new residents each day – double of last year's daily visitor arrivals, demand for housing is poised to reach peak levels. 'Against this backdrop, the real estate market is enjoying positive momentum, fuelled by digital transformation, international investor appetite, and a surge in demand for premium living. 'Real estate leaders who participated in Property Finder's recent roundtable are confident of transaction activity picking up throughout 2025, buoyed by unprecedented interest from international investors, alongside a strong off-plan performance and vibrant luxury resale activity.
Khaleej Times
25-05-2025
- General
- Khaleej Times
UAE: Residents urged to take gas safety precautions as temperatures hit over 50°C
As summer temperatures in the UAE soar past 50 degrees Celcius in some areas, safety experts are urging residents and restaurant operators to take extra precautions when handling cooking gas to prevent accidents and fires. This comes after recent fires at restaurants in Al Barsha, which were reportedly caused by gas leaks. When the mercury hits extreme levels, like it has recently, gas cylinders can become dangerous if not stored and handled properly. Mohamed Auon, General Manager at Alaman Gas LPG Bottling Plant in Ajman, explains that high temperatures can cause gas to expand inside the cylinder, increasing pressure and the risk of leaks. 'Always keep cylinders in shaded, well-ventilated areas and away from direct sunlight or heat sources,' he said. 'And never store them in closed or poorly ventilated rooms, especially in summer.' He also mentioned the importance of regular leak checks. 'Use a soap solution to check for leaks, and always turn off the main valve when not using gas appliances.' Warning signs you should never ignore Auon said there are some clear red flags people must act on immediately: The smell of gas A hissing sound near gas pipes or appliances Dead plants near the gas source Feeling dizzy, nauseous, or having difficulty breathing Weak or flickering flames and unusual burner noises 'These are all signs something could be seriously wrong,' he said. 'If you notice any of these, leave the area and call emergency services right away.' Confined kitchens are a hidden danger Faisal El Mais, country manager of Arabian Unigaz, said that poor ventilation is one of the biggest risks in kitchens, especially small or crowded ones. 'Poisonous gases can build up quickly in confined spaces,' said El Mais. 'And if there's too much oxygen or LPG in the air, it can lead to sudden fires or explosions.' He also encourages residents to install gas leak detectors as an extra layer of protection. Why summer makes everything riskier Saleem Ikram, a safety engineer at a facility management company in Jebel Ali, explains that heat causes gas to expand. 'This puts stress on cylinder walls, valves, and joints,' he said. 'Especially if they are old or not maintained properly.' 'Don't leave gas stoves or grills unattended, and always switch off the regulator when you're done.' Key summer safety tips
Khaleej Times
22-05-2025
- Khaleej Times
Dubai: Fire breaks out at restaurant in Barsha residential building
A fire that broke out at a restaurant in Al Barsha 1 on Thursday afternoon has been brought under control, eyewitnesses told Khaleej Times. 'I was sleeping when my flatmate woke me up and told me there was a fire in the building. I got up and saw people rushing out,' said a tenant. 'When I stepped outside, I saw Dubai Civil Defence personnel at the scene battling the blaze. Police were also present to manage the crowd.' The incident occurred roughly 500 metres from the site of another recent fire. On May 13, a blaze broke out at the Al Zarooni building on Halim Street in Barsha 1, near the Mall of the Emirates. That fire also originated from a restaurant located on the ground floor of a 13-storey building.
Khaleej Times
22-05-2025
- General
- Khaleej Times
Dubai: Strangers offer meals, shelter as fire-hit Barsha building remains sealed off
After a fire broke out on Tuesday night at the Al Zarooni building in Al Barsha, many of the residents have been left without homes and are relying on the generosity of friends and strangers. The fire, which was reportedly caused by a gas leak in a restaurant on the ground floor, forced hundreds of tenants to evacuate. While some are still uncertain about when they can return, they are getting by with help from friends and kind strangers. Robin, a 29-year-old Filipino sales executive who lives on the 12th floor, had to rush out of his apartment in the middle of the night with nothing but his phone. 'I didn't even have shoes on,' he said. 'Since then, we have been staying at the mall or in parking areas nearby. It's not perfect, but at least we are safe, and people have been kind, offering us food and help.' 'I don't have my wallet, nor do I have the cards saved on my phone. We were offered breakfast by a kind stranger and the lunch was offered by a restaurant where my cousin brother work,' said Robin. Oswin, an Indian expat, was on his way to work when the fire started. 'I was just buying juice when I heard a loud explosion,' said he. 'I rushed out and saw the building on fire. It was chaotic. I didn't know what was happening to my apartment or my roommates.' 'Thankfully, they are all safe and have taken shelter at a friends place,' he added. "I currently don't have a place to stay, but I am sure God has arranged something for me. My employer has given him a few days off to sort this out.' Karen, a Cameroonian expat who works at a beauty store, said she felt it was an earthquake when she heard the explosion. 'It was scary. I rushed out with everyone else, and now I am just staying outside, waiting to hear when we can go back,' she said. 'I am thankful my employer gave me time off, but it's hard not knowing what's next. Hopefully we are allowed to access our belongings soon so that we can at least freshen up at our friends place,' said Karen. Raj, who lives on the 10th floor, wasn't home when the fire started. 'I saw the news and realised the building was on fire. I rushed back, but I couldn't get into my apartment. I had to buy new clothes and borrow a laptop for work,' he said. 'But I am just grateful that I am okay and that there are friends helping me with my work as well as clothes. I have meeting scheduled in Doha and Muscat in coming days and my only worry is getting hold of my passport from my drawer. Hopefully I will get it in two days before my departure,' he added. While many are still waiting for updates from the building management, the residents remain hopeful. 'For now, I have to rely on friends,' said Oswin. 'We don't know when we can go back, but we will manage.' As the investigation into the fire continues, residents are staying positive, knowing they will be able to return home soon. For now, they are relying on the help of strangers and friends, holding on to the hope that things will get better.
Khaleej Times
22-05-2025
- Health
- Khaleej Times
Al Barsha gas explosion: Woman battles for life after suffering severe burns
A Dubai resident continues to battle for her life after sustaining severe burn injuries in a gas explosion in her building in Al Barsha earlier this month. Annalyn, who was staying on the first floor of the building directly above the restaurant where the gas explosion occurred, sustained 65 per cent burn injuries and is in the burn unit of a government hospital, according to her sister Angely. 'Ever since I got the call about her, I have been worried sick,' Angely told Khaleej Times over phone. 'I work in Saudi Arabia as a nurse, and I have not yet been able to travel to the UAE. I am hoping to come there by the end of May when I will be able to get a few days of leave.' On May 13, a fire had broken out at the Al Zarooni building on Halim Street in Barsha 1. According to Dubai Civil Defense (DCD), the incident was caused by a gas leak in a restaurant and was contained in record time. Several residents reported that they had spent the following days with friends and family. According to Angely, her sister and her brother-in-law suffered burn injuries and were rushed to the hospital. Her sister was in a more critical condition and remains in the burn unit while her brother-in-law is more stable and is recovering in the ward. 'It was quite late in the night, and they were preparing to go to bed,' she said. 'That is when the disaster occurred.' Timely updates She said the hospital staff had been giving her family timely updates about Annelyn's condition but there was a long road to recovery. In photos seen by Khaleej Times, the Filipina can be seen on a hospital bed surrounded by medical equipment. The sister confirmed that Annalyn has been tracheostomized- a process where an opening is surgically created through the neck into the windpipe to allow air to fill the lungs. 'We are worried about their hospital bills and how their future life is going to be,' she said. 'Recovering from burn injuries can take a very long time and requires constant care and attention.' One of the main breadwinners of the family, Annalyn and her husband have been UAE residents for over a decade. Although she started off her career as a receptionist, Annalyn had recently moved jobs to work at a gym where her husband had been a long-time employee.
