Latest news with #ArashJalili
Trade Arabia
08-04-2025
- Business
- Trade Arabia
Unique Properties closes landmark plot sale on Jumeirah Bay
Unique Properties, a major player in Dubai's ultra-luxury real estate market, said it has successfully closed yet another record-breaking transaction - a landmark AED182 million ($50 million) residential land sale on Jumeirah Bay Island. The prime land plot, spanning 25,441 sq ft, was sold at AED7,154 per sq ft, with the deal expertly facilitated by Vanessa Sevsky, adding to Unique Properties' extensive portfolio of high-profile transactions. Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties. Developed by Meraas Holding, the island is connected to the mainland by a 300-m bridge and features some of the city's most sought-after plots. Spanning 6.3 million sq ft in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. This sale is a testament to the firm's ability to navigate Dubai's cut-throat real estate market and secure premium opportunities for discerning investors. This achievement highlights Unique Properties' unwavering expertise and proven track record in securing premium assets for high-net-worth clients. On the transaction, Founder and CEO Arash Jalili said: "Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity." "In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market," he added. The buyer of the plot, he stated, was planning to develop a private residence, reflecting a growing trend among UHNWIs to build custom homes tailored to their preferences.
Khaleej Times
03-04-2025
- Business
- Khaleej Times
Prime residential plot in Dubai sells for record Dh182 million
In another landmark deal in Dubai's booming real estate market, a residential plot of land has been sold for Dh182 million (approximately $50 million) on the Jumeirah Bay Island. The prime land plot, spanning 25,441 square feet, was sold at Dh7,154 per square foot. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. Unique Properties, a dominant force in Dubai's ultra-luxury real estate market, closed the transaction. The deal was facilitated by Vanessa Sevsky. Arash Jalili, Founder and CEO of Unique Properties said: 'Securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity. In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market.' Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties. Developed by Meraas Holding, the island is connected to the mainland by a 300-metre bridge and features some of the city's most sought-after plots. Spanning 6.3 million square feet in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. Dubai's real estate market has experienced a significant surge in demand for ultra-luxury properties, driven by an influx of international buyers seeking stability, luxury, and long-term investment opportunities. The city's low-tax environment, world-class infrastructure, and investor-friendly policies, such as the golden visa programme, have made it a magnet for global wealth. The buyer of the Dh182 million plot plans to develop a private residence, reflecting a growing trend among ultra-high-net-worth individuals to build custom homes tailored to their preferences. This shift away from pre-built properties highlights the desire for personalisation and exclusivity in Dubai's luxury real estate market. Armin Jalili, Partner at Unique Properties, said: 'In recent years, we've witnessed a clear shift in buyer behaviour — today's ultra-high-net-worth individuals are not just investing in Dubai; they're choosing to create their dream homes here. The desire for exclusivity and personalisation has never been stronger, and Dubai continues to offer unmatched opportunities in this space.'
Arabian Business
03-04-2025
- Business
- Arabian Business
Dubai Loop to trigger new wave of real estate investment demand, experts say
Developers and market experts are betting on the Dubai Loop project, a major infrastructure initiative to create seamless connectivity between key business and residential hubs in the city, to drive a new wave of demand for well-connected properties, triggering another round of long-term investment cycle in the emirate. The introduction of the high-speed, underground transit network is expected to enhance accessibility across key districts, making previously underutilised locations more attractive for residential investment, they said. Besides higher demand on account of easy accessibility, areas surrounding the Dubai Loop are also projected to benefit from increased rental yields and long-term capital appreciation. Property prices near the Dubai Metro's Red Line increased by close to 27 per cent, while homes within a 10–15-minute radius saw about a 44 per cent surge between 2010 and 2022, and the Dubai Loop is also expected to follow a similar pattern, reinforcing the value of transit-connected properties. 'Infrastructure has always been one of the most powerful drivers of real estate value, and the Dubai Loop is set to be a transformative milestone in the city's development,' Farooq Syed, CEO of Springfield Properties, a leading player in the city's real estate sector, told Arabian Business. 'As connectivity improves, we anticipate a shift in buyer preferences, with more people exploring residential areas that were previously overlooked due to accessibility constraints,' he said. Arash Jalili, CEO and Founder, Unique Properties, said the Dubai Loop project is expected to attract international investors in large numbers as the project is already gaining significant global attention due to the involvement of Elon Musk and The Boring Company. The Loop project is a collaboration between Dubai's Roads and Transport Authority (RTA) and The Boring Company, a subsidiary of Musk's SpaceX. On the sidelines of the World Governments Summit today, we announced a partnership to launch the Dubai Loop project that is set to revolutionise transportation. Under an MoU signed between RTA and The Boring Company, Dubai will explore the development of the 17-kilometre project.… — Hamdan bin Mohammed (@HamdanMohammed) February 13, 2025 Dubai Loop to play central role in the city's next phase of real estate growth Sector experts said the Dubai Loop is expected to play a central role in the city's next phase of real estate growth, shifting buyer behaviours and reinforcing connectivity as a primary driver of value. The emirate's real estate market has seen a surge in demand in response to large-scale infrastructure investments in the past, and the new transport corridor will lead to unlocking demand in previously underutilised locations, they said. The Dubai Loop's initial phase will introduce 11 stations over a 17-kilometer underground network, enabling electric vehicle transport at speeds of up to 160 km/h. It will have an estimated initial capacity of 20,000 passengers per hour, scaling to 100,000 passengers per hour as the network expands. Syed said that with faster and more efficient mobility, real estate values near the Dubai Loop are expected to see a sustained upward trend. 'When commuting time is no longer a barrier, homebuyers will be able to prioritise lifestyle, space, and affordability, without compromising on accessibility,' he said. Industry insiders said the Loop project is set to reshape residential demand patterns by enabling professionals working in Jebel Ali, Dubai South, and Expo City to consider living in Dubai Creek Harbour. With improved transit links, professionals who previously had to stay close to their workplace can now explore locations such as Dubai Creek Harbour, which offers a waterfront lifestyle without sacrificing convenience, they said. 'This project will redefine how people choose where to live,' Syed said, adding that properties in transit-oriented developments are expected to outperform the market as accessibility becomes a leading factor in decision-making. The project complements Dubai's broader infrastructure strategy, which includes the expansion of Al Maktoum International Airport and plans to double the number of metro stations. while ensuring seamless connectivity across the city. 'This is more than just a transport network; it's a catalyst for change that will reshape the way people choose where to live and invest,' Syed said. Project to enhance Dubai's investment proposition on the global stage Sankey Prasad, CMD, Colliers India & Middle East, said that beyond the immediate property valuation impacts, the Dubai Loop enhances the emirate's investment proposition on the global stage. 'By reinforcing Dubai's reputation for forward-thinking urban planning, these visionary projects attract international investors and end-users seeking markets defined by connectivity, convenience, and sustainable growth potential,' Prasad told Arabian Business. 'We expect significant value appreciation in areas directly serviced by the Loop, and surrounding districts will also benefit from the improved accessibility,' he said. Pointing out that historically, a major transport infrastructure in Dubai has driven up to 15 per cent premiums for connected locations, The Colliers India & Middle East chief executive said: 'We do not foresee any exception this time.' He also said the economic multiplier effect of the project will be substantial, extending well beyond real estate into retail, hospitality, and commercial sectors. Seconding Prasad's views, the Unique Properties' Founder said the Loop project will position Dubai as a global leader in innovation and urban planning. The enhanced mobility will drive growth in the property market and will boost property value, which will result in the creation of new investment opportunities in underserved zones, he said. 'Additionally, as the Dubai Loop project gains significant attention due to the involvement of Elon Musk and The Boring Company, it is expected to attract international investors to Dubai. 'This growing interest will drive a surge in global property transactions, further strengthening Dubai's reputation as a prime destination for investment in the real estate market,' Jalili told Arabian Business. Sector experts said for property developers, the project represents the expansion of new frontiers for the high-potential areas that were earlier less connected, while for investors, it serves as proof of Dubai's commitment to strengthening the real estate market with future-ready infrastructure.
Zawya
03-04-2025
- Business
- Zawya
Unique Properties facilitates record-breaking AED 182mln land sale on Jumeirah Bay Island
Dubai, United Arab Emirates: Unique Properties, a dominant force in Dubai's ultra-luxury real estate market, has successfully closed yet another record-breaking transaction - a landmark AED 182 million (approximately $50 million) residential land sale on Jumeirah Bay Island. This achievement highlights Unique Properties' unwavering expertise and proven track record in securing premium assets for high-net-worth clients. The prime land plot, spanning 25,441 square feet, was sold at AED 7,154 per square foot, with the deal expertly facilitated by Vanessa Sevsky, adding to Unique Properties' extensive portfolio of high-profile transactions. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. This sale is a testament to the firm's ability to navigate Dubai's cutthroat real estate market and secure premium opportunities for discerning investors. Commenting on the transaction, Mr. Arash Jalili, Founder and CEO of Unique Properties said: 'S ecuring a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity. In the end, we successfully acquired an outstanding plot for our client. This sale highlights our steadfast dedication to providing top-tier investment opportunities in Dubai's ever-evolving real estate market. ' Jumeirah Bay Island: A Premier Luxury Destination Jumeirah Bay Island, also known as Billionaire Island, is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties. Developed by Meraas Holding, the island is connected to the mainland by a 300-metre bridge and features some of the city's most sought-after plots. Spanning 6.3 million square feet in the shape of a seahorse, the island is home to a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. Evolving Market Dynamics and the Rise of Custom Luxury Homes Dubai's real estate market has experienced a significant surge in demand for ultra-luxury properties, driven by an influx of international buyers seeking stability, luxury, and long-term investment opportunities. The city's low-tax environment, world-class infrastructure, and investor-friendly policies, such as the golden visa programme, have made it a magnet for global wealth. The buyer of the AED 182 million plot plans to develop a private residence, reflecting a growing trend among ultra-high-net-worth individuals to build custom homes tailored to their preferences. This shift away from pre-built properties highlights the desire for personalisation and exclusivity in Dubai's luxury real estate market. Highlighting the trend, Mr. Armin Jalili, Partner at Unique Properties, commented, 'In recent years, we've witnessed a clear shift in buyer behaviour - today's ultra-high-net-worth individuals are not just investing in Dubai; they're choosing to create their dream homes here. The desire for exclusivity and personalisation has never been stronger, and Dubai continues to offer unmatched opportunities in this space.' Unique Properties: A Trusted Name in Luxury Real Estate Unique Properties has guided wealthy individuals and family offices to make the most of Dubai's exceptional real estate opportunities since 2008. With a stellar history of closing big deals, the company leads the pack in the high-end market. As investor interest in prime properties grows, Unique Properties remains committed to delivering exceptional service and unlocking exclusive investment opportunities. For those interested in buying or investing in Dubai, contact Unique Properties today on UAE FREE PHONE: 800 18881, TEL: (+971) 44 55 8888 or at info@ About Unique Properties Since 2008, Unique Properties has proudly established itself as a leading real estate agency in Dubai, earning multiple prestigious awards and boasting over 17 years of industry experience. The agency's expertise lies in uncovering the finest investment opportunities in the market. As trusted partners of renowned developers such as Emaar, Nakheel, Dubai Holding, Omniyat, H&H Development, Damac, and Majid Al Futtaim, Unique Properties is committed to transforming the real estate sector by crafting sophisticated spaces that set new benchmarks with each step. These partnerships ensure access to the best properties and investment options that Dubai has to offer. In its pursuit of excellence, Unique Properties has recently relocated to a larger, more modern space, reflecting its growth and dedication to providing superior services. The agency specialises in primary and secondary market transactions, with a dominant presence in the ultra-luxury segment. Having set multiple records, including the highest price per square foot for a Jumeirah Bay Island plot, it is now finalizing another landmark deal, further cementing its dominance in Dubai's ultra-luxury market. Offering a comprehensive suite of services, including interior design, property management, PRO and conveyancing, holiday homes, and investment advisory, Unique Properties is committed to excellence, providing clients with tailored real estate solutions and exclusive access to high-value opportunities in Dubai's dynamic property market. Unique Properties continues to redefine the standards of real estate, creating exceptional living and investment opportunities that stand the test of time. The journey to finding the perfect property starts with Unique Properties, where innovation, quality, and client satisfaction are at the heart of everything they do.
Arabian Business
03-04-2025
- Business
- Arabian Business
Dubai's Jumeirah Bay Island plot sells for $50mn as ultra-luxury market soars
Unique Properties, a leading developer in Dubai's ultra-luxury real estate market, announced successfully closing yet another record-breaking transaction – an AED 182 million ($50 million) residential land sale on Jumeirah Bay Island. The prime land plot, spanning 25,441 square feet, was sold at AED 7,154 per square foot, adds to the company's extensive portfolio of high-profile transactions, it said. The buyer, an ultra-high-net-worth individual, plans to build a custom home on the prestigious island. 'This sale is a testament to the firm's ability to navigate Dubai's cutthroat real estate market and secure premium opportunities for discerning investors,' Unique Properties said. Arash Jalili, Founder and CEO of Unique Properties, said securing a plot on Jumeirah Bay Island is a significant achievement, given its status as one of Dubai's most exclusive real estate locations. 'This deal was the result of months of strategic negotiations and planning to pinpoint the ideal opportunity,' he said. The company said the buyer of the AED 182 million plot plans to develop a private residence, reflecting a growing trend among ultra-high-net-worth individuals to build custom homes tailored to their preferences. This shift away from pre-built properties highlights the desire for personalisation and exclusivity in Dubai's luxury real estate market, it said. Armin Jalili, Partner at Unique Properties, said: 'In recent years, we've witnessed a clear shift in buyer behaviour – today's ultra-high-net-worth individuals are not just investing in Dubai; they're choosing to create their dream homes here.' Jumeirah Bay Island, also known as 'Billionaire Island', is an exclusive residential community off the coast of Jumeirah. Located near the prestigious Jumeirah neighbourhood, it features a curated collection of luxury waterfront properties – a mix of low-rise residences, luxury villas, a boutique resort, a world-class marina, and the prestigious five-star Bvlgari Hotel. Dubai's real estate market has experienced a significant surge in demand for ultra-luxury properties, driven by an influx of international buyers seeking stability, luxury, and long-term investment opportunities. The city's low-tax environment, world-class infrastructure, and investor-friendly policies, such as the golden visa programme, have made it a magnet for global wealth.
