Latest news with #DubaiMarina
Khaleej Times
3 days ago
- Business
- Khaleej Times
Dubai realty pivots to long-term stability as market dynamics shifts
Dubai's real estate market is entering a pivotal stabilisation phase in 2025, signalling a maturing and sustainable investment landscape. After a remarkable surge that saw residential property prices climb by approximately 60 per cent from 2022 to early 2025, driven by strong international demand, the market is now transitioning towards equilibrium. This shift, as outlined by Asico, a leading Dubai-based real estate brokerage and developer, reflects a healthy evolution, offering investors a more predictable and strategic environment. As of January 2025, the average price per square foot in Dubai's residential market stood at Dh1,484, marking a modest 0.57 per cent month-on-month decline. This subtle dip indicates a cooling from the frenetic price escalations of recent years, suggesting a market recalibrating for long-term stability. Despite this adjustment, transaction activity remains vigorous. In February 2025, Dubai recorded a 32 per cent increase in transaction volume and a 37 per cent rise in value compared to February 2024, totalling over Dh50 billion. This resilience underscores the emirate's enduring appeal as a global real estate hub. A notable trend reshaping the market is the growing demand for mid-market and affordable housing. In 2024, two out of five ready home sales were valued at less than Dh1 million, a clear departure from the dominance of luxury properties. This broadening appeal reflects a more inclusive market, catering to a diverse buyer base and fostering sustainable growth. High-net-worth individuals continue to gravitate towards premium developments in areas like Palm Jumeirah and Downtown Dubai, where properties often exceed Dh5 million, but the rise of mid-tier options signals a market maturing beyond speculative frenzy. The off-plan segment remains a cornerstone of Dubai's real estate dynamism, with a 38 per cent increase in transaction volume and a 60 per cent surge in value year-over-year in February 2025. Prime locations such as Dubai Creek Harbour, Mohammed Bin Rashid City, and Dubai Hills lead this charge, attracting investors with their blend of modern infrastructure and strategic positioning. Off-plan properties, often priced 10-20 per cent below ready homes, continue to entice buyers seeking capital appreciation and rental yields, which average 6-8 per cent annually in key areas, according to industry data. On the supply side, developers are proactively addressing demand. In response to robust market activity, construction schedules are being accelerated, with handovers brought forward by three to six months. This agility aims to prevent potential shortages and maintain market balance. However, ratings agency Fitch has cautioned of an impending price correction, projecting a double-digit decline in the second half of 2025 and into 2026. This forecast aligns with a planned delivery of 210,000 units in 2025 and 2026, nearly double the volume of the previous three years. Fitch estimates this supply surge could depress prices by up to 15 per cent, a sharp pivot from the post-pandemic boom. Wail Abualhamail, director of Real Estate at Asico, views this stabilisation as a positive development. 'The current phase reflects a maturing market, shifting from speculative buying to strategic, long-term investments,' he said. 'This evolution signals investor confidence, enhanced regulation, and a sustainable future for Dubai's real estate sector.' Property market experts said the stabilisation marks a new chapter for Dubai's real estate sector, one defined by resilience, diversity, and strategic growth. 'As the market matures, it continues to affirm its position as a global leader, offering investors a stable yet dynamic platform for long-term success,' a spokesman of a Dubai realty brokerage firm said. Asico's insights highlight a market where quality, thoughtful planning, and prime locations are becoming the primary drivers of returns, moving away from short-term speculation. The Dubai government's strategic initiatives further bolster this outlook. The Dubai Economic Agenda (D33), targeting a doubling of the emirate's economy by 2033, emphasises real estate as a key growth driver. Policies like the Golden Visa programme, which grants long-term residency to property investors, and 100 per cent foreign ownership in select sectors have cemented Dubai's status as a global investment destination. In 2024, the emirate attracted over Dh 300 billion in real estate investments, with 40 per cent from foreign buyers, according to Dubai Land Department data. As Dubai's property market stabilises, investors face a landscape ripe with opportunity. The focus on mid-market properties broadens investment avenues, while sustained demand underscores the sector's long-term strength. For buyers, this phase offers a chance to make informed decisions in a more predictable environment, prioritising quality and location over speculative gains.
Zawya
27-05-2025
- Business
- Zawya
Minor Hotels boosts Dubai portfolio with new beachfront property
Minor Hotels, a global hotel owner, operator and investor, has signed a strategic hotel management agreement for a prominent beachfront property on Dubai's iconic Palm West Beach in collaboration with valued partners, Seven Tides. Effective August 1, 2025, the addition of this new resort and serviced residences - currently operating as Dukes The Palm, a Royal Hideaway Hotel - to Minor Hotels' managed portfolio further strengthens the group's growing footprint in the UAE and establishes it as the largest operator on the Trunk of the Palm. The resort, which includes 273 hotel keys and 287 serviced apartments, boasts a premier beachfront location adjacent to NH Collection Dubai The Palm, which was launched in February 2023. Minor Hotels said this agreement will see its total key count on Palm Jumeirah rise to 1,524 keys across three properties including Anantara The Palm Dubai Resort and NH Collection Dubai The Palm under three distinctive brands, reinforcing the group's long-term commitment to the region. Located on the vibrant Palm West Beach, one of Dubai's most desirable lifestyle destinations, the property offers direct access to a lively beachfront promenade featuring upscale restaurants, beach clubs, and entertainment venues. "This expanded collaboration with Seven Tides represents a strategic alignment of values and vision," stated its CEO Dillip Rajakarier. "Palm Jumeirah is one of the most dynamic hospitality markets in the world, and securing a dominant presence on West Beach enables us to bring our elevated guest experiences to a location that perfectly embodies the energy and ambition of Dubai," he noted. Its prime location also places guests within easy reach of major and is a convenient 30-minute drive from Dubai International Airport, making it an ideal choice for both leisure and business travellers. The property comprises a range of room and suite options, and the 287 serviced apartments include studio, one- and two-bedroom layouts. Guests will get to enjoy six dining venues - from a specialty restaurant and pool bar, along with a private beach, infinity pool, lazy river, to extensive wellness and family-friendly facilities. Minor Hotels will also implement a soft refurbishment of the guest rooms and public spaces prior to a rebranding of the property to be announced later in 2025, underlining the group's commitment to delivering value for both guests and partners while enhancing the property's market positioning. "This is a landmark moment for Minor Hotels as we expand our presence in one of the world's most competitive hospitality markets," said Amir Golbarg, the Senior Vice President Minor Hotels Middle East & Africa. A global hospitality group, Minor Hotels operates over 560 hotels, resorts and residences in 57 countries through its diverse portfolio of eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli. "This new addition not only reflects our strategic vision for growth in high-demand urban resort destinations but also strengthens our valued relationship with Seven Tides. Together, we look forward to elevating the guest experience and delivering long-term success on Palm Jumeirah," he stated. Seven Tides CEO Abdulla bin Sulayem said: "This is a strategic appointment as Minor Hotels already successfully manages our existing asset, the neighbouring NH Collection Dubai The Palm, and the agreement will provide enhanced synergy between the hotels." "Furthermore, the proven track record of Minor Hotels in delivering elevated guest experiences, combined with their operational expertise, makes them the ideal partner to manage this property. We look forward to a successful collaboration that heightens the appeal of Palm West Beach as one of Dubai's premier hospitality destinations," he noted. With this latest addition, Minor Hotels continues its dynamic expansion across the UAE, currently operating 17 properties under five brands. The group remains focused on identifying strategic opportunities in key global destinations, leveraging strong partnerships and local market insight to drive sustainable growth, he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
26-05-2025
- Business
- Trade Arabia
Minor Hotels boosts Dubai portfolio with new beachfront property
Minor Hotels, a global hotel owner, operator and investor, has signed a strategic hotel management agreement for a prominent beachfront property on Dubai's iconic Palm West Beach in collaboration with valued partners, Seven Tides. Effective August 1, 2025, the addition of this new resort and serviced residences - currently operating as Dukes The Palm, a Royal Hideaway Hotel - to Minor Hotels' managed portfolio further strengthens the group's growing footprint in the UAE and establishes it as the largest operator on the Trunk of the Palm. The resort, which includes 273 hotel keys and 287 serviced apartments, boasts a premier beachfront location adjacent to NH Collection Dubai The Palm, which was launched in February 2023. Minor Hotels said this agreement will see its total key count on Palm Jumeirah rise to 1,524 keys across three properties including Anantara The Palm Dubai Resort and NH Collection Dubai The Palm under three distinctive brands, reinforcing the group's long-term commitment to the region. Located on the vibrant Palm West Beach, one of Dubai's most desirable lifestyle destinations, the property offers direct access to a lively beachfront promenade featuring upscale restaurants, beach clubs, and entertainment venues. "This expanded collaboration with Seven Tides represents a strategic alignment of values and vision," stated its CEO Dillip Rajakarier. "Palm Jumeirah is one of the most dynamic hospitality markets in the world, and securing a dominant presence on West Beach enables us to bring our elevated guest experiences to a location that perfectly embodies the energy and ambition of Dubai," he noted. Its prime location also places guests within easy reach of major and is a convenient 30-minute drive from Dubai International Airport, making it an ideal choice for both leisure and business travellers. The property comprises a range of room and suite options, and the 287 serviced apartments include studio, one- and two-bedroom layouts. Guests will get to enjoy six dining venues - from a specialty restaurant and pool bar, along with a private beach, infinity pool, lazy river, to extensive wellness and family-friendly facilities. Minor Hotels will also implement a soft refurbishment of the guest rooms and public spaces prior to a rebranding of the property to be announced later in 2025, underlining the group's commitment to delivering value for both guests and partners while enhancing the property's market positioning. "This is a landmark moment for Minor Hotels as we expand our presence in one of the world's most competitive hospitality markets," said Amir Golbarg, the Senior Vice President Minor Hotels Middle East & Africa. A global hospitality group, Minor Hotels operates over 560 hotels, resorts and residences in 57 countries through its diverse portfolio of eight hotel brands – Anantara, Avani, Elewana Collection, NH, NH Collection, nhow, Oaks and Tivoli. "This new addition not only reflects our strategic vision for growth in high-demand urban resort destinations but also strengthens our valued relationship with Seven Tides. Together, we look forward to elevating the guest experience and delivering long-term success on Palm Jumeirah," he stated. Seven Tides CEO Abdulla bin Sulayem said: "This is a strategic appointment as Minor Hotels already successfully manages our existing asset, the neighbouring NH Collection Dubai The Palm, and the agreement will provide enhanced synergy between the hotels." "Furthermore, the proven track record of Minor Hotels in delivering elevated guest experiences, combined with their operational expertise, makes them the ideal partner to manage this property. We look forward to a successful collaboration that heightens the appeal of Palm West Beach as one of Dubai's premier hospitality destinations," he noted. With this latest addition, Minor Hotels continues its dynamic expansion across the UAE, currently operating 17 properties under five brands.
Khaleej Times
26-05-2025
- Khaleej Times
Dubai RTA completes first phase of upgrades at 5 marine transport stations in Marina
The first phase of a development project to upgrade waiting areas at marine transport stations in the Dubai Marina area has been completed, the emirate's Roads and Transport Authority (RTA) announced on Monday. To enhance passenger comfort, five stations have been upgraded. The newly upgraded five stations — Marina Promenade, Marina Terrace, Marina Walk, Marina Mall, and Marina Mall 1 — will be fully air-conditioned and equipped with modern facilities and services. Designed with inspiration from traditional wooden ferries, the stations incorporate innovative architecture that celebrates Dubai's cultural and maritime legacy while offering a contemporary commuting experience. This project is part of RTA's broader strategy to modernise the city's marine transport infrastructure and elevate service standards.
The National
22-05-2025
- Business
- The National
Eid holidays: Best short break deals in Abu Dhabi, Dubai and across the UAE
This year, Eid Al Adha is expected to start on the evening of Friday, June 6, and finish on Sunday, June 8. While the religious holiday falls over a weekend this year, meaning extra days off are not guaranteed, the occasion still provides an ideal time to detach from daily life and relax. Many hotels and resorts across the UAE are offering limited staycation deals and packages throughout the weekend. Here are some to check out. Dubai's only floating hotel is offering an Eid Al Adha package that includes a complimentary upgrade to a sea-view room within the same category booked, plus buffet breakfast and dinner for two guests, 20 per cent discount on food and beverages and late check-out at 2pm. Valid between June 6 and 10; Port Mina Rashid; 04 526 8888 This chic city hotel is offering 20 per cent off on all rooms during Eid Al Adha as well as a complimentary drink each day at the pool, served with views of Burj Khalifa. Located along the Dubai Canal, the elegant property is the first international outing of the Hyde Hotels, Resorts and Residences outside the US. The brand is known for its playful take on hospitality, creating what it calls a 'city sanctuary'. Valid until September 30; Business Bay; 04 871 1111 Home-grown hospitality brand The First Collection is offering a 36-hour staycation across its three hotels in Dubai – two in Business Bay and one in Dubai Marina. Guests can enjoy up to 45 off on room rates when booking a 36-hour stay, as well as an early check-in from 6am and late check-out until 6pm. There's also 20 per cent off food and drinks at select restaurants and discounts on spa treatments. Valid until September 30; Business Bay and Dubai Marina; 04 542 6666 This family-friendly resort on Palm West Beach is launching a range of summer offers, which are valid during Eid Al Adha. Its Half Board Dine Around package in inclusive of daily breakfast and a choice of lunch or dinner for two adults and two children under 14 years. There's also a Stay 4, Pay 3 offer wherein guests booking four consecutive nights will enjoy their final night complimentary, with daily breakfast included. The Suite DreamsStaycation offer comes with daily buffet breakfast, 25 per cent off select restaurants and bars, spa credit of Dh400 and access to M Club, which includes a business centre, afternoon tea and cocktail hour. Valid between June 1 and September 30; Palm Jumeirah; 04 666 1111 The Polynesia-inspired resort at Dubai Parks and Resorts is bringing back its Kids Go Free offer in time for Eid Al Adha. The offer includes free stay and dining, plus late check-out for children accompanied by a paying adult. The package also includes unlimited access to all Dubai Parks and Resorts attractions including Motiongate Dubai, Legoland Dubai, Legoland Water Park, Riverland Dubai and Real Madrid World. Valid until September 30; Dubai Parks and Resorts; 04 810 9999 The budget property of American brand Wyndham Hotels & Resorts is offering a 36-hour offer for Eid Al Adha at its Barsha Heights property, inclusive of early check-in and late check-out at 6pm. Children under five years stay for free and there is a further 50 per cent discount for children between six and 11 years. There are also discounts on dining and spa experiences as well as complimentary transfers to Dubai Hills Mall, Dubai Mall, Nakheel Mall and Mall of the Emirates. Guests also get free entry to Soluna Restaurants & Beach Club on Palm Jumeirah, including transfers. Valid until September 30; Barsha Heights; 04 247 6666 At two JA Resorts & Hotels properties – JA Palm Tree Court and JA Beach Hotel – guests who book for two nights will get the third night free for Eid Al Adha. The offer also includes 20 per cent off dining, spa and other experiences, as well as a free stay for children under 12 years. Valid between June 4 and 14; Jebel Ali; 04 814 5555 The family-friendly city escape is offering 25 per cent off room rates for Eid Al Adha, including a free stay for up to two children aged 12 and under. The offer is inclusive of an Eid Brunch at Eat & Meet for two adults, with children under 12 dining for free, plus a Dh100 spa voucher and complimentary shuttle service to Dubai Outlet Mall and Yas Island (for those with valid theme park tickets). Valid between June 4 and 10; Sheikh Zayed Road; 04 501 8888 Also on Sheikh Zayed Road, and minutes away from Dubai Mall and City Walk, Leva Hotel is offering 30 per cent off its room rates for Eid Al Adha. Enjoy a swim on the rooftop with skyline views and uninterrupted sights of Burj Khalifa at this boutique property. Valid between May 30 and June 6; Sheikh Zayed Road; 04 526 6000 Abu Dhabi's landmark hotel has launched an Eid to Remember package, which includes daily breakfast and a choice of lunch or dinner at Vendome, its all-day dining restaurant – valid for two adults and up to two children. There are also themed set menus at Lebanese Terrace and The Supper Club Dinner, a social and immersive dining experience. Valid between June 6 and 9, West Corniche Road; 02 690 9000 The beachfront resort's family package allows guests to book two rooms and enjoy half price off the second room for children under 16. Amenities include a pool, private beach, spa treatments, a children's club and gym facilities. Ongoing; Al Muntazah Street; 06 563 0000 In the heart of Sharjah's heritage district, experience open-air barbecues in your own private villa this Eid Al Adha. Each villa can accommodate up to 12 guests, and includes breakfast, 15 per cent off on food and beverage, spa credit of Dh150, and free shuttle service to Al Heera Public Beach. Valid during Eid Al Adha; Corniche Street; 06 502 5555 Offering direct beach access, this cosy resort is a family favourite in the emirate and ideal for those seeking a tranquil Eid stay. All rooms include complimentary breakfast for up to two children, 20 per cent off food and beverage, and late check-out subject to availability. Ongoing, Sheikh Humaid Bin Rashid Al Nuaimi Street; 06 701 8888 There's something for everyone at this island resort, from watersports and a well-equipped gym to a wellness hub, three outdoor pools and a children's club. Foodies can head to The Market for an all-day buffet, have a light lunch in the laid-back Beach House, and check out Boons for bistro classics or Neo Sky Bar for sundowners. During Eid, guests can enjoy 25 per cent off the best room rates, and tuck into a special buffet on the first and second day of Eid. Valid between June 1 and 10; Al Marjan Island; 07 246 0000 At this beachfront retreat, enjoy French elegance with an Arabian twist via two packages. The Ultimate Coastal Retreat package (starting at Dh2,945) includes a complimentary room upgrade, access to the club lounge, 20 per cent off spa treatments and late check-out. The Signature Suite Experience (starting at Dh3,315) includes club lounge access, a one-time complimentary mini bar, breakfast in bed or in the pool for two, dinner for two at Reunion restaurant and special gifts at turndown. Ongoing; Al Hamra Beach; 07 209 6000
