Latest news with #DubaiMarina
Arabian Business
22-07-2025
- Business
- Arabian Business
Jumeirah Village Circle leads Dubai's rental hotspots, data shows
Jumeirah Village Circle (JVC) has emerged as Dubai's most sought-after area for rental apartments, according to data from PropertyFinder, with the community garnering 214,607 page views on the property portal's platform. The figures, published by PropertyFinder, highlight Dubai's continued dominance in the UAE's rental landscape as the emirate with the highest search volume for rental properties. JVC's popularity appears linked to its combination of affordability and amenities. According to PropertyFinder's data, the community offers rental apartments at an average of AED 78,000 per year. This positions it among the more affordable options in the city, especially for families. The area is described in the PropertyFinder report as 'a thriving residential area known for its affordable housing options' that is 'well-connected to major highways, including Al Khail Road and Sheikh Mohammed Bin Zayed Road, making it one of the most accessible areas in the city.' Dubai leads UAE rental activity According to PropertyFinder data, the emirate continues to maintain its commanding position in the UAE's rental market by recording the highest number of searches for rental apartments across all 7 emirates, with Sharjah and Abu Dhabi ranking second and third respectively in page views across the platform. Following JVC in popularity is Dubai Marina with 191,667 page views, Business Bay with 187,530, and Downtown Dubai with 147,707. Jumeirah Beach Residence (JBR) stands out with 4,910 listings marked as favourites on PropertyFinder, more than any other area in the city. JVC hosts the highest number of rental listings among all Dubai communities, with 9,092 properties available according to PropertyFinder. This is followed by Business Bay (5,631), Downtown Dubai (5,541), and Dubai Marina (4,933). The property portal's data shows that apartments make up an average of 96 per cent of the available rental units in these popular communities. Pricing variations across communities The emirate's average annual rent stands at AED 90,000, according to PropertyFinder, but with significant variation across communities. Palm Jumeirah commands the highest average rent at AED 170,000 annually, reflecting its premium status and waterfront location. Downtown Dubai positions itself in the luxury segment with average rents of AED 139,999, while Dubai Marina shows strong demand despite its above-average pricing of AED 106,000. For more budget-conscious renters, Dubai South offers options at an average of AED 60,000 annually. The PropertyFinder report notes the area is 'gaining popularity these days, thanks to its mix of budget-friendly and mid-market properties' and 'exceptional connectivity.' The highest rental listing recorded in the city was AED 1,500,000 per year, while the lowest was AED 28,000. Market outlook Despite this strong growth in the real estate sector, the report indicates the emirate's rental market 'has seen rapid price growth in recent years, but forecasts suggest a possible 10 to 20 per cent correction in 2025 due to increased new supply and increased competition among landlords.' The data suggests rental activity across the UAE 'reflects broader trends that include growing expat populations, economic opportunities, and shifting preferences in housing,' with Dubai leading in volume and variety, while Sharjah and Abu Dhabi offer competitive alternatives.
Khaleej Times
17-07-2025
- General
- Khaleej Times
Dubai Marina fire: Some tenants struggle to find new homes one month after blaze
It has been a month since a fire broke out in a residential tower in Dubai Marina, affecting over 3,820 residents from 764 apartments. While the flames were quickly brought under control and emergency teams cleared the area, many residents are still struggling to find a place to call home. The fire, which broke out on the night of June 13, caused extensive damage to several floors of the high-rise. While no fatalities or major injuries were reported, dozens of apartments were left uninhabitable. For many residents, the ordeal didn't end with the fire, it marked the beginning of a difficult house-hunting journey. Prateek, an Indian expat, had moved into the tower just a few months before the incident. 'We were living on the 29th floor,' he said. 'But now, my family has returned to India, and I have moved in with a friend.' Stay up to date with the latest news. Follow KT on WhatsApp Channels. Prateek was paying Dh94,000 annually for a two-bedroom apartment in the building. After the fire, he began searching for similar accommodations nearby, but even with an increased budget, he is unable to get one. 'I have been looking around Marina and nearby areas. Even at Dh105,000, I can't find a proper two-bedroom flat. Everything is either too small or far too expensive,' he said. For some residents, the fire not only left them without a home but also brought unexpected expenses. From buying clothes and electronics to replacing documents and daily essentials, the financial burden has been steep. 'Had to start over in a new area' Ali Reza, an Iranian chef who had been living in the tower for three years, has now moved into a shared apartment in Barsha Heights. In the initial days after the fire, he spent a few nights in a hotel and then with friends, carrying only the few items he managed to grab during the evacuation. 'The building was close to my workplace. I could take essentials, my passport, clothes, and some work items,' he said. 'But I'm thankful to friends who helped me during the move. One of them even gave me a spare mattress and utensils to use until I could get back on my feet,' he added. 'I had to get my own space' Lizy, a Filipina expat, initially stayed at a friend's house after the fire. But after a few weeks of sharing a room, she decided it was time to find her own space. 'I found a studio nearby. It's not far from work, and it was all I could afford,' she said. Lizy managed to retrieve most of her belongings, including documents and clothes from the damaged building, but she's still waiting for her advance rent and security deposit to be refunded. 'That money could've helped me cover my new rent and set up utilities,' she said. 'I have followed up a few times, but there's still no clarity. It's been tough because everything happened so suddenly, but I'm trying to adjust.' The watchman informed Khaleej Times that residents cannot access their belongings unless the flat owner initiates the process. 'The owner of the flat has to send an email to the building management requesting access,' he said. 'Once approved, the management will give a specific time to enter and retrieve items.' He added that those with furniture and large electronics need to file a move-out request in advance. 'If someone has furniture, they have to submit a move-out request, and the management will assist in taking everything out safely.'
Time Business News
16-07-2025
- Business
- Time Business News
5 Best Places to Invest in Dubai Luxury Real Estate
Dubai remains an international hot zone in luxury real estate and provides investors with the collaboration of world-class lifestyle, good returns and long-term capital appreciation. Being an income-tax-free country, with stable economy and an increasingly rising number of ultra high-net-worth individuals, the emirate comprises one of the most appealing property buying markets in 2025. Dubai is distinguished by the variation in the selection of the high-end neighborhoods, which are designed to suit different lifestyles and investment ambitions. Depending on your intentions and budget, it can be waterfront villas on the most popular artificially built islands, or a well-designed townhouse in a scenery-based community; the choices are as many as they are rewarding. The city is rich in opportunities and whether you are a fan of prestige, investment in the form of rental income or long term appreciation, the city will not disappoint. This article will take you on a journey across five outstanding locations for investing in the luxury property market of Dubai. Each has a diverse environment, lifestyle, and expected returns on investments for the various global buyers looking to invest in Dubai in style. The Emirates Hills one of the most high-profile places in Dubai, also known as the Beverly Hills of Dubai. This is a gated community developed by Emaar that boasts custom mansions, green scenery as well as sights of the Montgomerie Golf Course. It presents a unique combination of privacy, luxury, and room for the most exclusive families and international business people in the region. Villas in Emirates Hills are all individually constructed and have a plot area of between 12,000 square feet to more than 45,000 square feet. Being an exclusive and legacy community, touring around with world-class security and superior infrastructure, it is a community of premium standards. The fact that it is close to the Dubai Marina, the Sheikh Zayed Road, and the best international schools in the city also contributes to its charms. The average property price in this area is generally around AED 16 million with fully upgraded or golf-front properties more than AED 100 million. The initial cost is high, but the value is the long-term soundness of capital and to appreciation in scarcity. As far as ultra-high-net-worth individuals are concerned, the Emirates Hills stands as the perfect trophy asset. Sobha Elwood is a luxury urban house project in Dubailand. Built with the needs of contemporary life in nature, Elwood consists of 3- and 4-bedroom villas in the nature of greenness, parks, and artificial lagoons. This is a complex of aesthetic and practical use with 8-million-square-foot development. The Sobha Realty has good construction standards and this timely delivery, and Elwood is not an exception. Old-style houses include contemporary building style, large floor layouts, and classy finishing. The residents can have access to walking tracks, landscaped gardens, as well as social amenities, yet it is within minutes to Downtown Dubai and Meydan. The Sobha Elwood villas begin at AED 7.9 million and are good value in luxury lifestyles. With high demands of renting and the continued development of the area, investors may anticipate returns of 7-8% in a year. Elwood will also profit in terms of income and appreciation with the development of infrastructure and high-quality facilities. Emaar launched Dubai Hills Estate, the most desirable residential community in Dubai. Being strategically located between Downtown Dubai and Dubai Marina, this community is also referred to as the green heart of the city because of the enormous open ground area and the integrated golf course. This master development has various forms of apartments, townhouses, and villas, as well as luxurious apartments that accommodate different lifestyles. It is very appealing to the family as it has international schools and high-standard hospitals. Properties for sale are available starting at AED 890k to AED 250 million. Palm Jumeirah is an artificial island and one of the most luxurious and globally distinct residences in Dubai. Reaching out into the Arabian Gulf, this palm-shaped wonder will provide a variety of luxurious villas, branded homes, and five-star hotels. It is located in areas that have ultra-luxury real estat. It attracts celebrities, business magnates and first-class tourists. The short-term vacation rental and long-term leasing demand is high hence investors will get a yield of 6-8%. Even superior returns are yielded through branded beachfront units. The attraction of Palm Jumeirah had not discredited itself in spite of recent price spurts. Downtown Dubai is the heart and soul of the city where you will find the Burj Khalifa, The Dubai Mall and the Dubai Fountain. There are high-rise towers standing tall in the skylines and they accommodate the most luxurious apartments in the world. This is the ideal place of urban professionals, visitors, as well as business executives who wish to be in whichever place. Developers such as Emaar, Omniyat and Binghatti have added top of the line projects to this district; with spectacular views and top-level amenities being provided. The apartments in Downtown Dubai begin at competitive prices. Investors should also be able to earn rent of 5-7 percent with regular rental demand, particularly on units that have a view of the Burj. Luxury property market in Dubai has a wide investment market in the most popular communities. Emirates Hills is ideal when it comes to legacy investors in search of exclusivity and the foundation of money in a gated environment of ultra-luxury. Sobha Elwood boasts of a contemporary and nature-oriented lifestyle without any rental yield limitations in a growing development corridor. Dubai Hills Estate integrates family oriented living and sustainable returns and long term appreciation. Palm Jumeirah has been a world icon of beachfront luxury and short-term rental income. The prime locations such as the heart of the city, Downtown Dubai have consistent demand involving urban professionals and tourists, and that is the reason why such places are considerably good to provide high occupancy rentals and generate income throughout the year. A combination of strategic initiatives and trends in the world has made Dubai a boom town in terms of luxury real estate business. The long-term residence options, such as the 10 years Golden Visa, are still appealing to foreign investors and the rich expatriates. Buyers in Europe, Russia, and Asia are increasingly demanding security, life, and tax benefits. The fact that branded residences, luxury infrastructure projects, and luxurious lifestyle facilities come up in ever-increasing numbers adds additional lure. The location of Dubai as a business and tourist destination has ensured that these prime spots are not only places of residence, but hot investments everywhere. Investments in high end real estates in Dubai do require that an investor works with RERA registered agents who are well aware of the market. When considering to buy off-plan, buyers are advised to research well on the track record of the developers. Also, it is good to know the community charge of services and payments and how the area can be re-sale. The right location, credentials of developers and future infrastructure projects may largely affect your returns. The luxury real estate market in the Dubai region is diverse, dynamic, and aimed at addressing the needs of various investor profiles. Located in the heart of Dubai, Emirates Hills is the cradle of confidentiality and status, which is worth having one of the luxury heritages. Sobha Elwood attracts investors who want the best, ROI oriented homes in a green environment. The Dubai Hills Estate is the reflection of lifestyle along with the prospect of long-term growth, which is why it is an intelligent purchase both by families and those who are interested in returns. Palm Jumeirah has nice sea views and substantial rental returns, whereas Downtown Dubai is the good investment in a city with high returns found in the global hub. The decision to select a community depends on what you want that is either rental income, capital gain, or use. Under the comfort of professional expertise and thoroughness, your second or third luxurious property in Dubai can end up being a home or a yet to be environment of wealth in the most thrilling market in the world. When it comes to high-end areas and professional investment services, contact an expert who knows the ins and outs of Dubai districts to help you get the best out of the investment experience. TIME BUSINESS NEWS
The Sun
10-07-2025
- Business
- The Sun
The world's tallest hotel is opening in a popular holiday hotspot this year – with rooftop infinity pool and 1,000 rooms
THE WORLD'S tallest hotel is opening in a popular holiday hotspot this year featuring 1,000 rooms and a rooftop infinity pool. This architectural phenomenon offers a one-of-a-kind stay with stunning features and measures at 365m tall. 5 5 5 The flashy Ciel Tower in Dubai has a whopping 82 floors and 1,000 rooms, all offering floor to ceiling windows and luxurious interiors. Pool with a view It will be home to what will be be the "world's highest infinity pool" on its 76th floor too. Head up to the 81st floor and you'll find a 360 degree observation deck where guests can enjoy iconic views of the city. The new luxury hotel will also have start-of-the-art gym facilities, lounges with incredible views and a dedicated kids pool. On the 16th floor, the NEST Executive Lounge offers "quiet sophistication with skyline views". 10 bars and restaurants There's no lack of options when it comes to dining either with 10 bars and restaurants spread across the hotel. All rooms have floor-to-ceiling panoramic glass windows, capturing the vibrant city below and curated modern interiors. Out of the hotel's 1000 rooms, just under 150 will be suites offering the height of luxury in Dubai. The Ciel Tower is located in Dubai Marina which means you can easily access the area's restaurants and beaches. It's also a hub for watersports and a popular location for luxury yachts. Strictly star reveals she's quitting UK to live in Dubai without boyfriend who grew up there Property developer, The First Group, said: "Reaching a remarkable height of 365 metres, Ciel in Dubai Marina is a stunning development that will set a new benchmark as the world's tallest hotel upon completion. "Designed by award-winning London-based architect NORR Group, Ciel features a striking design, contemporary interiors and a remarkable glass observation deck, which will offer incredible 360-degree vistas across Dubai Marina, the Palm Jumeirah and the Arabian Gulf. "As part of IHG Hotels & Resorts' prestigious Vignette Collection, Ciel joins a family of one-of-a-kind properties in sought-after locations, where guests can indulge in stays that are authentic, experiential, and considerate. "Designed for luxury travellers" "Designed for the next generation of luxury travellers, the Vignette Collection weaves responsibility, community, and locality into every aspect of the guest experience." The Ciel has also garnered international acclaim, receiving a range of hotel and architectural awards. The record-breaking hotel is due to open to guests later this year. The Tripadvisor Travellers' Choice Awards recently named Dubai as the third most popular holiday destination in the world. The travel company said of the city: "Dubai is a destination that mixes modern culture with history, adventure with world-class shopping and entertainment. "Catch a show at the Dubai Opera, see downtown from atop the Burj Khalifa and spend an afternoon along Dubai Creek exploring the gold, textile and spice souks. "If you're looking for thrills, you can float above the desert dunes in a hot air balloon, climb aboard a high-speed ride at IMG Worlds of Adventure or skydive over the Palm Jumeirah." 5 5
Zawya
10-07-2025
- Business
- Zawya
Permasteelisa Gartner wins facade contract for Dubai tower
UAE - Permasteelisa Gartner Middle East, a part of leading international façade specialist Permasteelisa Group, has been appointed by London Gate to provide design and engineering services as well as manufacture and installation of 60,000 sqm of bespoke unitised façade on its key project - Franck Muller Aeternitas Tower, Dubai. The contract award came following a direct request from London Gate for Permasteelisa Gartner Middle East to be the preferred façade contractor of choice, said the company in a statement. Permasteelisa Gartner said the design of Aeternitas Tower, inspired by the intricate sophistication of the iconic Aeternitas Mega watch by Franck Muller, will be the tallest branded residential tower in the world at 450m – and the clock will be the highest! It is located centrally, with views to rival all apartments in Dubai Marina, overlooking Palm Jumeirah, Jumeirah Beach Residence and Ain Dubai. Permasteelisa Gartner Middle East said the design work had already commenced, with completion expected in July 2027. Once completed, the tower will boast 649 units, with a mix of one- to three-bedroom apartments, in addition to villa and mansion duplexes. With housekeeping, a concierge service, and a 24-hour valet and porter, residents will have access to hotel-like services and facilities, but with the privacy and comfort of home. Shared amenities range from health facilities, including a gym, padel court, spa, yoga studio and swimming pool, to cultural spaces such as a cinema, music room and library, said the statement. Alessio De Mitri, Executive General Manager for the region, said: "We are delighted to have been appointed as the specialist façade contractor on this prestigious scheme." "Permasteelisa Group began working in the Middle East in 2006 and since then we have completed over 50 projects, including many iconic buildings in UAE, Kingdom of Saudi Arabia and Qatar. The Franck Muller Aeternitas Tower will be a fantastic addition to our already impressive portfolio," he stated. Permasteelisa Gartner Middle East has bases in Dubai, Riyadh and Doha, from which industry-leading façade design and engineering is being offered along with the FaçadeCare expertise to protect, maintain and enhance core assets through managed, tailored programmes of inspection and maintenance.
