Latest news with #Dh345
Mid East Info
09-08-2025
- Business
- Mid East Info
Bonds Avenue Residences by Amirah Developments fuels Dubai realty transaction growth to Dh431 bn in H1 - Middle East Business News and Information
Current upward market movement is driving new projects like Bonds Avenue Residences by Amirah Developments, debunking slowdown forecast Bonds Avenue Residences, the first freehold property by Amirah Developments, introduced in the first half of 2025, has helped Dubai's real estate market to record a 25 percent growth in the first half of 2025 to Dh431 billion from Dh345 billion in the same period, last year. The market has recorded 125,538 transactions, a 26 percent yearly growth, thanks to the popularity of projects like Bonds Avenue Residences on Dubai Islands – one of the most-sought after new destinations for investors and property buyers. These results were bolstered by quarterly figures, building on the Dh893 billion transaction momentum from 2024. Despite anticipated headwinds, emerging developers like Amirah Developments are confident that the market will retain its growth trajectory, creating opportunities to launch new projects, particularly in areas poised to be the city's future property hotspots. Amirah Developments, a new entrant in Dubai real estate, made its foray earlier this year with its flagship development, Bonds Avenue Residences, on Dubai Islands. Redefining coastal living at an affordable price, the project caters to an expanding niche of luxury seekers, families, and new-age investors. It is comprised of a selection of apartments, penthouses, and townhouses that are meticulously curated around the needs of the modern resident. Muhammad Yousuf Jafrani, Founder and Chairman of Amirah Developments, said, 'Dubai is a haven for homebuyers. Factors like investor-friendly policies, ease of ownership, robust infrastructure, and elevated standard of living appeal to the global community. The market has proven its resilience over and over again, the latest being the quarterly jump despite concerns of approaching slowdown. This sustainable ecosystem provides the perfect ground for developers to confidently introduce new projects and investors to reap manifold through higher returns.' An upcoming coveted lifestyle destination, Dubai Islands will be a corridor to the emirate's luxury housing landscape. Near about 9,800 global millionaires will make Dubai their home in 2025, as per Henley & Partners Private Wealth Migration Report, and with waterfront living attracting much attention from high-net-worth individuals (HNWIs), developers are coming up with high-profile projects that will boost the luxury housing segment. Amirah's Bonds Avenue Residences is a recent addition to this segment, promising lucrative returns, enhanced lifestyle, and seamless property acquisition. Its location on Dubai Islands offers close proximity to the Arabian Gulf for coastal rejuvenation and some of Dubai's historic landmarks that bear the city's rich heritage. The quarterly growth is a key indicator of the real estate market's resilience. It recorded Dh142.7 billion in the first three months of 2025, gradually rising to Dh184 billion by end of Q2 – that marks the onset of summer, usually a sluggish period. Contrary to the anticipated periodic decline, DXB Interact recorded Dh65 billion transactions in July 2025, one of the top monthly results in the year to date. It was amplified by seasoned and new developers unveiling projects across Dubai, greater capital in-flow, as well as the population influx in Dubai. Bonds Avenue Residences, which was launched late in Q1, received massive expression of interest from buyers, underscoring the evergreen appeal of Dubai irrespective of seasonal downtrends. About Amirah Developments: Amirah Developments is a Dubai-based real estate company committed to redefining urban living through architectural sophistication, sustainability, and thoughtful design. Founded by Mr. Muhammad Yousuf Jafrani, a seasoned real estate entrepreneur with over 15 years of experience in the UAE, the company is anchored in a vision of creating communities that inspire and endure. Driven by innovation and design excellence, Amirah Developments builds more than residences — it crafts livable works of art. Each project is a reflection of refined luxury, environmental responsibility, and long-term value. With a team comprising top architects, designers, and planners, the company ensures global best practices are adapted for the local landscape. Sustainability is central to Amirah's ethos, with developments emphasizing energy efficiency, walkability, and well-being. By focusing on elegance, functionality, and community integration, the company is shaping the next chapter of Dubai's real estate evolution. With the launch of its debut project, Bonds Avenue on Dubai Islands, Amirah introduces a new benchmark in waterfront living blending lifestyle innovation with a striking architectural vision. This marks the beginning of Amirah Development's journey to become a lasting force in the UAE's premium property sector. About Bonds Avenue Residences: Bonds Avenue Residences is the inaugural development by Amirah Developments, setting a bold standard for upscale living on the iconic Dubai Islands. Designed as a sculptural expression of form and function, Bonds Avenue Residences offers a selection of one- to three-bedroom apartments, three-bedroom townhouses and triplexes, and exclusive four-bedroom penthouses. The architecture reflects a corner less, flowing design philosophy- maximizing space, natural light, and unobstructed sea views. Each residence is thoughtfully planned to deliver both aesthetic appeal and modern comfort, enhanced by smart layouts and premium finishes. Amenities at Bonds Avenue Residences include infinity pools, wellness zones, yoga decks, landscaped gardens, padel courts, and dedicated children's areas, all curated to foster holistic, family-oriented lifestyles. The community is seamlessly connected to the rest of Dubai, with quick access to Downtown Dubai, Dubai International Airport, and the Gold Souq Metro Station. Situated in a master-planned coastal environment with over 21 kilometres of beaches and vibrant urban offerings, Bonds Avenue Residences is a destination of both serenity and connectivity. With a 60/40 payment plan and handover in Q1 2027, it caters to investors and homeowners seeking lasting value, architectural brilliance, and beachfront elegance in one of Dubai's most promising locales.
Al Etihad
20-07-2025
- Business
- Al Etihad
Dubai real estate transactions exceed Dh431 billion in H1 2025
20 July 2025 18:14 DUBAI (WAM) Dubai's real estate sector recorded an exceptional performance in H1 2025, further reinforcing the emirate's position as a leading global hub in this vital to data issued by the Dubai Land Department, the number of real estate transactions reached 125,538, up from 99,947 during the same period in 2024, an increase of 26%. The total value of these transactions reached approximately Dh431 billion, compared to Dh345 billion last year, a 25% rise, highlighting the strong growth momentum in the total number of real estate procedures, encompassing sales, leases, and other transaction types, exceeded 1.3 million during the same period, reflecting growing confidence among investors and stakeholders, along with sustained demand across Dubai's diverse real estate real estate investment market delivered outstanding results in the first half of the year, attracting 94,717 investors, a 26% increase, who completed 118,132 investments valued at approximately Dh326 billion. This represents a 39% rise from Dh234 billion during the same period last year, highlighting Dubai's sustained appeal to investors across diverse segments and number of new investors in Dubai's real estate market reached 59,075, with investments totalling Dh157 billion, a 22% increase in the number of investors and a 40% growth in investment value. Notably, residents in the UAE accounted for 45% of these new investors, highlighting the success of strategies aimed at converting tenants into also underscores the attractiveness of the local market for long-term stability, the resilience of Dubai's property ownership ecosystem and the effectiveness of its incentive-driven played a pivotal role in driving market activity, investing Dh73.2 billion during this period, with 34,792 transactions made by 30,487 female investors. This highlights the growing influence of women in shaping Dubai's real estate landscape and advancing economic nationality, GCC investors contributed Dh22.56 billion in investments, Arab investors Dh28.4 billion, and foreign investors Dh228.35 figures underscore Dubai's strong position as a global real estate investment hub and its continued ability to attract capital from around the world, supported by an advanced regulatory environment, world-class infrastructure, and initiatives centred on growth and exceptional performance also highlights the strength and resilience of Dubai's real estate sector and its capacity to sustain growth under varying conditions. These results have been driven by the visionary leadership's forward-looking initiatives aimed at accelerating national economic progress, bolstering investor confidence, and achieving the objectives of the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy areas in Dubai recorded remarkable performance in terms of the number of real estate transactions in the first half of Barsha South Fourth topped the list with 10,469 transactions, followed by Al Yalayis 1 with 7,595 transactions, and Wadi Al Safa 5 with 7,178 high-performing areas included Business Bay (6,601), Dubai Marina (6,428), Airport City (5,569), Jebel Ali First (4,275), Al Thanyah Fifth (3,956), Burj Khalifa (3,670), and Meaisem First (3,643).This diverse activity highlights the depth and dynamism of Dubai's real estate terms of transaction value, Dubai Marina led the market with Dh25.1 billion, followed by Business Bay at Dh22.5 billion, Burj Khalifa at Dh17.1 billion, and Palm Jumeirah at Dh16.96 billion, underscoring the concentration of luxury investments in these prime high-value areas included Al Yalayis 1 (Dh15.7 billion), Meaisem Second (Dh15.4 billion), Wadi Al Safa 5 (Dh15.3 billion), Airport City (Dh15.2 billion), and Al Barsha South Fourth (Dh14.9 billion).Mohammed Bin Rashid Gardens also stood out, registering Dh14.5 billion in transaction value, reflecting the expanding landscape of investment-attractive areas and rising demand for diverse real estate Dubai Land Department remains committed to fostering a transparent and efficient real estate ecosystem by enhancing digital services, boosting market competitiveness, and aligning legislation with incentive-driven initiatives. DLD reaffirms its ongoing efforts to implement the goals of the Dubai Real Estate Strategy 2033, in alignment with the objectives of the Dubai Economic Agenda D33, which aims to position Dubai among the world's top three economic cities and ensure the sustainability of the real estate sector as a key pillar of the emirate's economic diversification.
Al Etihad
12-06-2025
- Business
- Al Etihad
Abu Dhabi hotels record Dh 611 million in revenue in March 2025
12 June 2025 15:26 ABU DHABI (WAM) Abu Dhabi's hospitality sector continues to show robust growth, with hotel establishments across the emirate generating revenues of Dh611 million in March 2025, according to preliminary data released by the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi), in coordination with the Statistics Centre - Abu Dhabi (SCAD).The total revenue breakdown comprises Dh345 million from room bookings, Dh228 million from food and beverage services, and Dh38 million from other emirate welcomed approximately 417,000 hotel guests during March, highlighting Abu Dhabi's growing appeal as a global tourist destination. The surge is attributed to the emirate's diverse accommodation offerings and high-quality hospitality services.A total of 171 hotel establishments, comprising 34,341 rooms, operated across Abu Dhabi in March. These properties recorded over 1.2 million guest nights, achieving an average occupancy rate of 69%. The average revenue per available room (RevPAR) stood at Asian nationals topped the list of international visitors, accounting for 152,000 hotel guests. European travellers followed with 123,000 guests, while UAE nationals accounted for 58,000 stays. These figures underline Abu Dhabi's sustained tourism growth and its strengthening position as a preferred destination for a wide range of global hotels hosted the highest number of guests, totalling 205,000 in March. European visitors made up the largest segment within this category, with 78,000 guests. Four-star hotels received 119,000 guests, followed by three-star and below hotels with 54,000 guests. Additionally, serviced apartments accommodated 38,000 strong performance aligns with Abu Dhabi's Tourism Strategy 2030, which aims to attract 39.3 million visitors annually, generate 178,000 new jobs in the tourism sector, expand hotel capacity to 50,000 rooms, and increase the sector's contribution to the emirate's GDP to Dh90 billion by the end of the decade.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
UAE: Gold prices slip further as tariff row, geopolitical tensions ease
Gold prices slipped slightly at the opening of the markets in Dubai on Wednesday. According to Dubai Jewellery Group data, the 24-karat dipped to Dh388.25 per gram. The 22-karat, 21-karat, and 18-karat variants opened lower at Dh359.75, Dh345, and Dh295.5 per gram, respectively. Spot gold was trading at $3,226.59 per ounce, down 0.5 per cent. Vijay Valecha, chief investment officer of Century Financial, said gold fell due to optimism around the US-China trade deal. "Improved risk sentiment following the announcement of a temporary deal between the United States and China to reduce tariffs dragged the safe-haven asset's price lower. Additionally, it was reported that the US will cut 'de minimis' tariffs on China shipments from 120 per cent to 54 per cent, with a minimum flat fee of $100 to remain,' he said. On the geopolitical front, Ukrainian President Volodymyr Zelensky noted he is prepared to meet Russian President Vladimir Putin this week, shortly after US President Donald Trump urged him to 'immediately' accept the Russian leader's offer to hold peace talks in Turkey. Any signs of escalating tensions could boost the safe-haven flows, benefiting the yellow metal.
