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Khaleej Times
29-07-2025
- Business
- Khaleej Times
Dubai realty prices post 12% jump as apartments outpace villas in rate of surge
Dubai's property prices have increased by 12 per cent over the past 12 months as the real estate sector continues to demonstrate impressive resilience, with both apartments and villas recording solid growth amid sustained investor confidence and a surging influx of residents. According to eXp Dubai's latest market analysis, average property prices have increased by 3.3 per cent in the first quarter of 2025 and by 12 per cent over the past 12 months, confirming the emirate's enduring appeal as a global property investment hotspot. The findings underscore a notable shift in buyer trends, with apartments registering the highest rate of quarterly appreciation at 3.8 per cent, outpacing villas, which rose by 2.4 per cent during the same period. This reflects a growing preference among younger professionals and new expatriate arrivals for compact, centrally located living options that offer proximity to workplaces, transit networks, and lifestyle amenities. However, over the long term, villas have retained their dominance in capital appreciation, with prices up by 19.7 per cent year-on-year, compared to 8.5 per cent for apartments. This sustained demand for larger homes is driven by long-term residents and families seeking more privacy, green spaces, and a suburban lifestyle that villa communities typically offer. 'Dubai's property market continues to thrive, offering diverse options to meet the evolving needs of its residents,' said Dounia Fadi, Managing Director of eXp Dubai. 'While flats cater to the dynamic, urban lifestyle of younger professionals, villas are attracting families seeking more space and a tranquil environment. This balance ensures a resilient and sustainable market with strong growth across the board.' The data from eXp Dubai is supported by broader market indicators. According to the Dubai Land Department (DLD), the first half of 2025 saw real estate transactions cross Dh210 billion in value, with over 67,000 deals recorded—a 20 per cent increase in value compared to the same period in 2024. Notably, off-plan sales surged 28 per cent year-on-year, reflecting strong demand for under-construction developments amid limited ready supply in key locations. The emirate's population crossed 3.8 million in mid-2025, with growth driven by a steady influx of global talent under the UAE's Golden Visa and residency schemes. This demographic shift has added further upward pressure on housing demand, especially in areas like Dubai Marina, Downtown, Business Bay, and Jumeirah Village Circle for apartments, and Arabian Ranches, Dubai Hills, and Damac Hills for villas. Developers have responded with a raft of new project launches, particularly in premium and mid-market segments. Leading developers like Emaar, Nakheel, Sobha, and Danube have introduced apartment towers with flexible payment plans and lifestyle-driven features, including co-working spaces, smart home technology, and wellness amenities—all appealing to Dubai's fast-expanding white-collar class. At the same time, villa communities continue to expand outward, with significant development in Dubailand, Tilal Al Ghaf, and the Dubai South corridor, where larger plots and gated family living remain attractive propositions. The emphasis on community-centric planning, integrated retail, and access to schools and healthcare has cemented villa demand as a long-term growth pillar. Analysts expect the upward trend to continue, albeit at a moderated pace. According to global consultancy Knight Frank, Dubai's prime residential market is forecast to grow by 7 per cent in 2025, driven by robust investor appetite, limited supply of ready high-end units, and consistent rental returns. Rental yields across Dubai remain among the highest globally. Average gross yields stand at 6.8 per cent for apartments and 5.3 per cent for villas, outperforming mature markets such as London and Singapore. This income stability, combined with zero capital gains tax and streamlined regulatory procedures, continues to attract international investors and institutional capital into Dubai's real estate. The government's proactive stance on urban planning, digital infrastructure, and ESG integration is also reinforcing long-term confidence. Initiatives such as the Dubai 2040 Urban Master Plan aim to double green and recreational spaces and boost sustainable mobility, which is expected to further enhance livability and property values across the city. Looking ahead, Dubai's property sector is well-positioned to benefit from ongoing economic diversification, global investor interest, and the city's positioning as a hub for business, tourism, and innovation.
Associated Press
27-05-2025
- Business
- Associated Press
eXp Realty Dubai launches ICON to find Dubai's best real estate agents
DUBAI, UNITED ARAB EMIRATES, May 27, 2025 / / -- eXp Realty Dubai has today announced the launch of its ICON Program within the region, an initiative designed to identify and celebrate the very best real estate agents within Dubai and those who not only perform at the highest level, but do so with eXp's core values at the heart of their operations. First launched in 2015 by the wider eXp business, ICON status is one of the top incentives that eXp agents can strive towards. In order to achieve ICON status, agents must exceed professional requirements whilst also representing eXp's core values on the global real estate stage over the course of the year. Once involved in the ICON Program, there are additional opportunities for ICONs to earn more awards by 'giving back' time, talents, and knowledge to eXp's agent population and also by attending specific eXp-approved events. ICON agents are an integral part of eXp's culture. ICONs serve as role models, culture keepers, and a source of inspiration to other agents at eXp. ICON status in itself is one of the highest accolades an eXp real estate agent can be given, but in addition, it comes with a range of benefits, including: - Receiving up to 100,000 AED in ICON Stock Awards 75,000 AED by meeting the ICON Production Award Requirements. 25,000 AED by meeting the ICON Cultural Commitment Award Requirement. Exclusive access to the customizable ICON Brand Kit Company-wide recognition via an article on an announcement posted in Workplace, and during Friday Leadership Meeting The launch of eXp ICON status within Dubai not only signifies the strength the brand has built since launch within the region, but also the high level at which eXp Dubai member agents are performing on a day to day basis. To find out more about achieving ICON status, contact eXp Dubai. Head of eXp Dubai, Dounia Fadi, commented: 'Dubai has arguably become one of, if not the, premier real estate hotspot on the global stage and, naturally, this means that we attract the very best real estate agents from around the world. Whilst we already provide our member agents with access to the best technology, resources and support in order to succeed via eXp's global cloud-based community, we also feel that it's important to celebrate those performing at the very highest level. Therefore, we're delighted to launch ICON status within the region so that we can not only give these agents the recognition that they deserve, but also reward their hard work, whilst encouraging them to help empower their fellow agents to enjoy the same success.' James Lockett ProperPR email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
