Latest news with #Betterhomes
Khaleej Times
3 days ago
- Business
- Khaleej Times
Average Dubai property prices rise 3% quarter on quarter
Average property prices in Dubai climbed to Dh1,582 per square foot in the first half of 2025, data showed. According to the latest report from Betterhomes, Shaping Skylines | Q2 2025 Dubai Residential Real Estate Market, this represents a 6 per cent increase compared to the second half of 2024 and a 3 per cent rise quarter-on-quarter from Q1 2025. Prices now stand 18 per cent higher than in Q1 2024 and a notable 90 per cent above the pandemic-era lows of Dh833. Dubai's real estate sector continues its record-breaking trajectory in 2025, confirming the city's growing global real estate stature. With a growing population, investor-friendly policies, and a development pipeline that continues to deliver, Dubai is well-positioned for sustained growth in the years ahead, analysts say. Total residential sales in Dubai reached Dh151.8 billion in the first half of 2025, marking a 46 per cent year-on-year increase in value. Transaction volumes saw a 25 per cent uptick, with 50,485 units sold. Compared to the previous quarter, the market grew by 33 per cent in value and 19 per cent in volume, demonstrating sustained momentum building on Q1's performance. The prime market witnessed 1,417 transactions, marking a 67 per cent quarter-on-quarter increase from 851 deals in Q1. On an annual basis, activity has more than doubled, reflecting a remarkable 113 per cent year-on-year growth, underscoring the booming appetite for ultra-luxury real estate in Dubai. Supply growth remains strong, signalling ongoing developer confidence. Over 20,000 new units were delivered in the first half of 2025, with another 70,000 expected in the second half of the year. Looking further ahead, more than 200,000 additional units are in the pipeline through 2027. JVC led completions with 20 per cent. Christopher Cina, Director of Sales at Betterhomes, said: 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust, particularly for apartments and ready villas, with healthy absorption of new launches. Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields.' Betterhomes data showed investor activity picked up in Q2 2025, accounting for 58 per cent of transactions, up from 50 per cent in Q1. End-user activity dropped to 42 per cent, as investors returned for rental yields and capital gains, reversing the more balanced split seen earlier this year. A significant shift in financing trends was witnessed in Q2. The market moved notably toward cash purchases, with cash transactions rising to 52 per cent in Q2 2025, up from 42 per cent in Q1. Mortgage-backed deals declined to 48 per cent, signalling a more liquid buyer pool led by high-net-worth individuals, international investors, and buyers seeking quicker closings. The UK now leads buyer activity, overtaking India with a 56 per cent jump this quarter. India and Pakistan maintained strong positions at second and third, respectively, while Poland entered the top five. Russia slipped out of the top 10 for the first time in years, making space for Ireland at sixth.
Arabian Business
4 days ago
- Business
- Arabian Business
Dubai real estate: Property market sales surge 46% as market value hits $41.3bn in Q2 2025
Dubai 's property market recorded total sales value of AED151.8 billion in the second quarter of 2025, representing a 46 per cent increase year-on-year, a new report finds. Transaction volumes rose 25 per cent to reach 50,485 units during the same period, Betterhomes Shaping Skylines | Q2 2025 Dubai Residential Real Estate Market The figures build on growth from the first quarter, with quarter-on-quarter increases of 33 per cent in value and 19 per cent in volume. The performance reinforces Dubai's position as a key property hub in the region. Dubai real estate transactions rise 25% year-on-year with 50,485 units sold 'Dubai's real estate market maintained its momentum in Q2, with transactions up 25 per cent year-on-year and total value rising 46 per cent. Apartments and off-plan led activity, while the luxury segment hit record highs. Even during June's regional unrest, the market remained resilient; reinforcing Dubai's position as a safe, stable destination for capital and lifestyle buyers alike,' Louis Harding, Chief Executive Officer at Betterhomes said. Apartments accounted for 80 per cent of total transactions, contributing over 40,000 units sold and generating AED81 billion in sales value. The segment showed growth of 21 per cent year-on-year across both secondary and off-plan transactions. Off-plan apartment sales increased 30 per cent quarter-on-quarter, with secondary apartments rising 23 per cent in value to reach AED21.17 billion. Off-plan transactions totalled AED60.15 billion, representing 37 per cent growth compared to Q2 2024. Jumeirah Village Circle emerged as the top performer for off-plan apartments, accounting for 12.2 per cent of total off-plan transactions. Business Bay followed with 6.4 per cent, while Dubai Residence Complex contributed 5.3 per cent. Two-bedroom apartments represented the highest contribution to off-plan transaction value at 33 per cent, with one-bedroom apartments at 30 per cent and studios at 10 per cent. The average price per square foot for off-plan transactions stood at AED2,023. In the secondary apartment market, JVC led with 11.2 per cent of transactions, followed by Business Bay at 7.5 per cent and Dubai Marina at 5.8 per cent. Two-bedroom apartments again dominated value contribution at 36 per cent, with the average price per square foot at AED1,600. Dubai villa sales jump 80% as secondary market outperforms off-plan developments Secondary villa and townhouse sales recorded 80 per cent year-on-year growth, reaching AED62.4 billion. Quarter-on-quarter growth reached 49 per cent compared to Q1 2025. Off-plan villa and townhouse sales declined 2 per cent year-on-year to AED8.06 billion and fell 32 per cent quarter-on-quarter from AED11.8 billion in Q1 2025. 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust particularly for apartments and ready villas with healthy absorption of new launches. Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields,' Christopher Cina, Director of Sales at Betterhomes added. The Valley accounted for 29.7 per cent of off-plan villa and townhouse transactions, followed by EMAAR South with 15.5 per cent and Athlon by Aldar at 8 per cent. Townhouses drove 75 per cent of off-plan value in this segment. For secondary sales, Damac Islands led with 30 per cent of transactions, followed by Grand Polo Club and Resort at 9.4 per cent. Villas accounted for 77 per cent of secondary transaction value, while townhouses contributed 23 per cent. The citywide average price reached AED1,582 per square foot, representing a 6 per cent increase compared to the second half of 2024 and an 18 per cent rise from Q1 2024. Prices now stand 90 per cent above pandemic-era lows of AED833. Off-plan apartment prices reached AED2,023 per square foot, marking a 12.5 per cent increase since early 2023. Secondary apartment prices climbed 23 per cent over the same period to AED1,599 per square foot. Secondary villa and townhouse prices reached AED1,557 per square foot, reflecting 9 per cent quarterly growth and 6 per cent annual growth. Off-plan prices in this segment reached AED1,368 per square foot, with 4 per cent quarterly and 19 per cent annual growth. Approximately 20,000 units were delivered in the first half of 2025, with 70,000 additional units expected in the second half. The delivery pipeline extending to 2027 includes over 200,000 units. Jumeirah Village Circle led community handovers in H1 2025, accounting for 20 per cent of completions with over 4,130 units. Sobha Hartland followed with 2,200 units (11 per cent), while Mohammed Bin Rashid City ranked third with 1,600 units (8 per cent). Over 1,300 villas and approximately 3,000 townhouses were delivered in H1 2025. An additional 3,800 villas and 9,000 townhouses are expected in the second half of 2025. 'At the top end, the prime market remains extremely active. AED 15m+ transactions more than doubled compared to last year, as global buyers continue to view Dubai as a long-term investment and not a short-term play, for a variety of domestic and international reasons,' Harding added. The launch of PRIME by Betterhomes addresses the ultra-premium segment, focusing on luxury residences that offer exclusive properties. Total rental contracts reached 107,830 in Q2 2025, reflecting a 2 per cent year-on-year increase. New rental contracts declined 2 per cent annually and 13 per cent quarterly, while renewed contracts increased 4 per cent year-on-year. 'Leasing activity at Betterhomes grew by 33 per cent quarter-on-quarter, highlighting the sustained demand across Dubai's rental market. Villa and townhouse demand rose significantly by 30 per cent and 98 per cent respectively reflecting a growing preference for spacious, family-oriented living. As we move into Q3 2025, we expect this momentum to continue, particularly in established and emerging suburban communities. With tenant enquiries holding strong and rental prices remaining stable, the leasing market is well-positioned to see healthy absorption of new stock, supported by a maturing tenant base and lifestyle-driven relocations,' Rupert Simmonds, Director of Leasing at Betterhomes explained. Betterhomes recorded 111 per cent year-on-year growth in total leasing transactions, with apartments up 104 per cent, villas up 97 per cent, and townhouses rising 237 per cent. The UAE's GDP growth reached 3.8 per cent in 2024, with forecasts projecting increases to 4.2 per cent in 2025 and 5 per cent in 2026. UK buyers top Dubai property investments as international demand grows 56% Dubai's population has grown from 3.8 million to 4.1 million residents, now housing one-third of the UAE's population. Dubai's tourism sector demonstrated growth of 7 per cent year-on-year until April 2025, with hotel occupancy levels reaching 84 per cent in the first four months. Western Europe remains the largest source market, contributing 23 per cent of total arrivals. At Betterhomes, investors accounted for 58 per cent of all transactions in Q2, up from 50 per cent in Q1. Cash transactions rose to 52 per cent in Q2 2025, up from 42 per cent in Q1. The United Kingdom claimed the top position among buyer nationalities at Betterhomes, with UK buyer activity growing 56 per cent quarter-on-quarter. India and Pakistan maintained second and third positions respectively. 'As we move into Q3, the fundamentals remain strong. Population growth is steady, infrastructure continues to expand, and while more supply is coming online, demand is still outpacing it in most areas. We expect to see more negotiation, more realistic pricing, and a little more competition, which, frankly, is no bad thing,' Harding concluded.
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai real estate market hit $41.3bn in H1 2025 as prime sales surge 113 per cent
Dubai's property boom shows no signs of slowing down. In the first half of 2025 alone, real estate sales hit a record-breaking AED151.8bn ($41.3bn), driven by rising investor demand and surging prime market transactions. It marks a 46 per cent year-on-year surge in H1 2025, according to the Betterhomes Q2 2025 Dubai Residential Real Estate Market report. Transaction volumes climbed 25 per cent year-on-year, reaching 50,485 units sold, while quarter-on-quarter growth hit 33 per cent in value and 19 per cent in volume, underlining the emirate's enduring global appeal and robust investor sentiment. Dubai prime real estate growth The prime residential market stood out, recording a record 1,417 transactions in Q2, up from 851 in Q1—a 67 per cent quarter-on-quarter increase and an eye-catching 113 per cent year-on-year gain. This dramatic rise signals a booming appetite for ultra-luxury homes among global high-net-worth buyers. Christopher Cina, Director of Sales at Betterhomes, said: 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. 'This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust, particularly for apartments and ready villas, with healthy absorption of new launches. 'Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields.' More than 20,000 new residential units were completed in H1 2025, with a further 70,000 expected by year-end. More than 200,000 more homes are in the development pipeline through 2027. JVC led completions with 20 per cent, followed by Sobha Hartland (11 per cent) and MBR City (8 per cent). Dubai real estate prices Prices continue to edge upward, with the average price per square foot now AED1,582 ($431)—a 6 per cent increase compared to H2 2024, and 90 per cent higher than pandemic-era lows of AED833 ($227). Investor transactions rose to 58 per cent in Q2, up from 50 per cent in Q1, while end-user share fell to 42 per cent. The market also saw a significant shift towards cash purchases, now accounting for 52 per cent of all deals, up from 42 per cent in Q1. Mortgage-backed transactions dropped to 48 per cent, reflecting a liquidity-driven market led by global investors and faster deal cycles. The UK overtook India as the top buyer nationality, with a 56 per cent quarterly increase in activity. India and Pakistan held second and third positions respectively, while Poland entered the top five and Ireland debuted at sixth, replacing Russia for the first time in years. Dubai's market continues to draw a global and increasingly diverse buyer base, reinforcing its position as one of the world's most sought-after property destinations. Dubai real estate highlights H1 2025 Metric H1 2025 Change vs. 2024 Total sales volume AED 151.8 billion ($41.3 billion) Up 46% YoY Units sold 50,485 Up 25% YoY Prime transactions 1,417 deals Up 113% YoY Average price/Sq ft AED 1,582 ($431) Up 6% H2 2024, Up 90% since COVID lows New units delivered 20,000 70,000 more expected in H2 Top completion areas JVC (20%), Sobha Hartland (11%), MBR City (8%) — Investor share 58% Up from 50% in Q1 Cash transactions 52% Up from 42% in Q1 Top buyer nationality United Kingdom Up 56% Q2 vs. Q1
Gulf Insider
04-07-2025
- Business
- Gulf Insider
Luxury Real Estate Boom: Dubai Outshines London, Miami, Phuket
Dubai has officially cemented its position as the world's branded residence capital, leading a global shift in luxury real estate where lifestyle, prestige, and brand power now rival square footage and skyline views. According to a new report by Betterhomes, Branded Residences: Dubai vs The World , the emirate is experiencing a meteoric rise in branded residential developments, with over 140 branded projects set for delivery by 2031—more than any other city on the planet. That marks a 160% growth in the segment over the last decade. The numbers behind the trend are staggering. In 2024 alone, Dubai sold over 13,000 branded homes, generating Dh60 billion in transaction value—a 43% year-on-year increase. Buyers are paying 40% to 60% premiums on branded units compared to standard luxury homes, drawn in by the promise of concierge living, long-term capital appreciation, and the halo effect of globally recognized names. 'High-net-worth buyers are no longer just looking for property. They're investing in lifestyle, brand value, and long-term growth,' said Christopher Cina, Director of Sales at Betterhomes. 'Dubai offers all three, and that's why it's outperforming legacy markets like London and Miami.' Dubai's rise isn't just about quantity—it's about strategic positioning. While cities like Miami boast ultra-luxury residences (like the Aston Martin Residences fetching up to Dh25,000 per square foot), Dubai offers comparable brand appeal at more competitive prices. For instance, Bvlgari Residences are priced at around Dh10,500 per square foot, while Bugatti Residences command a 237% premium, yet remain within reach for global investors. Beyond price, Dubai trumps competitors in three key areas: Tax advantages over London More accessible pricing than Miami Stronger growth potential than Phuket or Spain In contrast, while London's OWO Residences reach Dh20,000 per square foot, tax burdens and red tape dampen investor enthusiasm. Thailand and Spain may offer luxury appeal, but they lack Dubai's liquidity, speed of execution, and investor-centric ecosystem. Once the domain of legacy hospitality names like Four Seasons or Ritz-Carlton, today's branded residence market is a kaleidoscope of luxury labels—from fashion houses to supercar brands. In Dubai, this diversification is on full display: Bugatti Residences by Binghatti Armani Beach Residences by Arada Six Senses Residences by Select Group Master developers like Emaar, Meraas, and Nakheel have also doubled down on brand-centric communities that blur the line between home and lifestyle destination. As the branded model gains traction, the MENA region is projected to hit 25% market share in branded residences by 2030, with Dubai leading the charge. Dubai's real estate surge isn't just about architecture or amenities—it's about experience. Buyers aren't just acquiring a home; they're aligning themselves with an identity. It's a Bugatti lifestyle, a Bvlgari vision, an Armani address. That emotional connection is translating into real-world value. With branded residences now representing 8.5% of Dubai's total real estate transaction value, the trend isn't slowing down—it's accelerating. As the global appetite for branded living grows, one thing is clear: Dubai isn't just keeping pace—it's setting the standard. With its unmatched blend of brand integration, investor-friendly environment, and lifestyle innovation, the emirate is not just building homes—it's building the future of luxury living. Dubai's branded residence market is no longer an emerging trend—it's a global benchmark. Investors, developers, and lifestyle brands alike are now looking to the city as the blueprint for high-end, brand-powered urban living.
Khaleej Times
03-07-2025
- Business
- Khaleej Times
Dubai leads the world in branded residences with 160% growth
Dubai has established itself as the global capital for branded residences, spearheading a remarkable 160 per cent growth in this sector over the past decade, data shows. According to data from Betterhomes, a Dubai-based real estate consultancy, in 2024, Dubai recorded the sale of over 13,000 branded residences, a 43 per cent increase on the previous year generating a transaction value of Dh60 billion. This figure represents 8.5 per cent of the total real estate transaction value, highlighting the sector's growing prominence. With 140 branded real estate projects scheduled for completion by 2031, Dubai continues to lead the EMEA region as the premium market for branded residences, whether in terms of completed developments or those in the pipeline. Investors and buyers are willing to pay, on average, a 40 per cent–60 per cent premium per square foot for branded properties over their non-branded counterparts in the same locality, underscoring both their perceived value and enduring appeal. Branded residences represent a fusion of luxury real estate and globally recognised brands, providing residents with exclusive access to exceptional services and carefully curated lifestyle. While the sector was initially dominated by prestigious hospitality names such as Four Seasons and Ritz-Carlton, it has since evolved to encompass a broader range of brands including automotive marques like MercedesBenz, Bentley, and Bugatti; fashion houses such as Armani and Missoni; and entertainment giants like Cipriani. This diversification signals a wider shift towards lifestyle-centric luxury real estate that redefines conventional notions of homeownership. Dubai's emergence as the epicentre of branded residences is driven by a strategic blend of progressive government policies, visionary developers, and exceptional locations. The city offers a highly attractive regulatory environment, featuring 100 per cent foreign ownership, zero income tax, and long-term Golden Visas for investors all of which significantly enhance its appeal to high-net-worth individuals (HNWIs) from around the globe. Developers such as Binghatti (Bugatti Residences), Arada (Armani Beach Residences), and Select Group (Six Senses Residences) have established strategic partnerships with globally recognised brands, significantly enhancing the prestige and marketability of their developments. Meanwhile, master developers including Emaar, Meraas, and Nakheel have created iconic, brand-centric enclaves that have come to define Dubai's luxury property landscape. 'The city's unique blend of regulatory advantages, innovative brand collaborations, and exceptional real estate locations has firmly positioned it ahead of global competitors such as Miami, New York, and Phuket,' Betterhomes said. When compared to other major markets such as Miami, London, Spain, and Thailand, Dubai's luxury real estate market offers a far more compelling investment proposition. While Miami commands ultra premium prices, with Aston Martin Residences reaching Dh25,000 per square foot, a 525 per cent premium, Dubai's branded residences remain more competitively priced. For example, Bvlgari Residences, one of the most popular developments in Dubai, is priced at Dh10,500 per square foot and still delivers a 166 per cent premium, while Bugatti Residences leads at a 237 per cent premium. In London, The OWO Residences are priced at Dh20,000 per square foot, but high taxes and complex regulations dampen investor appeal. Similarly, while Spain's Lamborghini Tierra Viva and Thailand's Banyan Tree Residences offer exclusivity, they lack the investor friendly environment, liquidity, and long term growth potential that make Dubai the most attractive destination for luxury real estate investment today.
