Latest news with #DubaiRealEstate
Zawya
10-07-2025
- Business
- Zawya
Azizi's prime residential project in Dubai set for Q4 handover
UAE-based Azizi Developments has announced that the construction of Azizi Central, its contemporary residential development within Al Furjan community in Dubai, is now 57% complete, with its handover scheduled for Q4. Strategically positioned in one of Dubai's most rapidly growing residential areas, Azizi Central offers a selection of one-, two-, and three-bedroom apartments designed to meet modern lifestyle requirements. The development boasts stylish exteriors and interiors, blending comfort with sophistication, said the developer. It features a host of amenities, including landscaped walk-in areas, a modern gym, separate pools for adults and children, an outdoor seating area, a BBQ zone, and ample parking facilities. The development also offers a variety of retail and dining options, catering to everyday needs and leisure preferences, it stated. Giving a project update, Azizi said work on site is progressing rapidly, with the structure now fully completed and the blockwork and internal plastering now standing at 97% and 95% respectively. Tiling has reached 18%, while HVAC and MEP installations are advancing at 64% and 53%, it stated. The Emirati developer said the façade works were 50% complete, while elevator installation stood at 22% completion, and overall finishes at 37%. Azizi has deployed a total of 414 workers for accelerating the project work, it added. Group CEO Farhad Azizi said: "We are thrilled with the steady momentum at Azizi Central, our development in the high-growth corridor of Al Furjan. As part of our commitment to timely delivery and exceptional build quality, every phase of construction is being closely supervised to ensure it meets the highest standards." "Azizi Central is thoughtfully designed to offer a truly elevated lifestyle, combining modern comfort, everyday convenience, and connectivity. We look forward to welcoming our valued homeowners to their new residences by the end of the year," he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Arabian Business
09-07-2025
- Business
- Arabian Business
Dubai real estate prices climb in H1 2025 as villas surge up to 11% and ROI hits 11% in key communities
Dubai's residential real estate market maintained strong momentum in the first half of 2025, with rising prices, high rental yields, and increased investor confidence across both ready and off-plan segments. According to a market report from Bayut and dubizzle, the emirate's real estate sector is entering a more mature, data-driven phase, where long-term value, transparency, and trusted insights are shaping buyer and seller decisions. Ready sales: Suburban villa demand leads price gains In the ready sales segment, villa prices in Dubailand surged by up to 10.4 per cent, driven by demand for larger, affordable homes. Other high-performing communities included Dubai South, DAMAC Hills 2, and Dubai Sports City. Affordable apartments: Price increases of up to 7 per cent Affordable villas: Growth of up to 11 per cent Mid-tier apartments: Up to 3 per cent gain Mid-tier villas: Price appreciation between 6 per cent and 10 per cent Luxury villas: Growth between 2 per cent and 8 per cent Luxury apartments: Price increases of up to 4 per cent Mid-market buyers remained focused on JVC, Business Bay, and Arabian Ranches 3, while premium buyers continued to invest in Dubai Marina, Downtown Dubai, and DAMAC Hills. Off-plan market: Expanding supply and diversified interest Dubai's off-plan segment stayed vibrant in H1 2025, buoyed by consistent launches and strong demand across all pricing tiers. Affordable off-plan standouts: Verdana 2 in Dubai South: Apartments priced around AED682,000–693,000 ($186,000–189,000) Azizi Venice: Averages AED 1.15M ($314k) 4B Living in International City: Launch price AED 395k ($108k) Greenspoint by Emaar: Villas starting from AED 3.4M ($928k) Mid-tier off-plan standouts: Palatium Residences (JVC): AED 1.34M ($366k) Red Square and Guzel Towers (JVT): AED 907k–1.06M ($248k–290k) Binghatti Starlight (Al Jaddaf): Mid-segment appeal Bay Villas (Dubai Islands): Mid-luxury coastal market Luxury off-plan demand: Sobha One and Creek Vistas Heights: ~AED 2.3M ($628k) DAMAC Bay by Cavalli: AED 4.74M ($1.29M) Thyme at Central Park: AED 2M ($547k) Knightsbridge (MBR City) and DAMAC Lagoons villas: Ranging from AED 2.69M to 6.85M ($735k–$1.87M) Rental yields: Strong ROIs in affordable and mid-tier areas Bayut's ROI analysis found that affordable apartments in International City, DIP, and Discovery Gardens yielded 9 per cent to 11 per cent, while villas in DAMAC Hills 2, Industrial City, and Serena delivered rental returns above 5.85 per cent. Mid-tier communities: 7 per cent to 10 per cent ROI in Town Square, Mudon, and Al Furjan Luxury zones: Over 5.9 per cent ROI in Al Sufouh, Creek Harbour, and Jumeirah Golf Estates Dubai real estate analysis Haider Ali Khan, CEO of Bayut and dubizzle, CEO of Dubizzle Group MENA and Board Member of the Chamber of Digital Economy, said: 'We're seeing a really interesting shift in Dubai's property market this year. Demand remains strong, but price movements are becoming more measured, a positive indicator of long-term stability.'
Khaleej Times
09-07-2025
- Business
- Khaleej Times
Dubai: Russian, British, Indian millionaires top buyers of over Dh20 million properties
Russians, British, Indians, and other European millionaires have emerged as the leading buyers of luxury properties in Dubai valued at Dh20 million ($5.5 million) and above, according to the latest figures from real estate brokerage Espace. A combination of factors — including the weakening of the UAE dirham against the British pound, Indian rupee, and euro, as well as increased migration of wealthy individuals to Dubai — has significantly boosted interest in the emirate's high-end property market. Dubai continues to attract global investors with property prices that remain competitive compared to other major international markets. Espace reported that the number of transactions involving properties priced over Dh20 million surged by 110 per cent year-on-year and rose by 70 per cent compared to the second half of 2024. 'There has always been a steady trend of people relocating to Dubai, thanks to government efforts to make it an exceptional place to live, work, and invest,' said John Lyons, Managing Director of Espace. 'Recent changes to the UK's non-dom status and broader fiscal shifts across Europe have prompted high-net-worth individuals to seek more tax-efficient jurisdictions. Dubai not only offers financial advantages — like zero income tax — but also excels in safety, global connectivity, and world-class infrastructure and healthcare.' As reported by Khaleej Times, UAE is expected to welcome the highest number of millionaire migrants globally in 2025, with over 9,800 high-net-worth individuals projected to move to the Emirates, according to data from Henley & Partners. The report also highlighted that the UAE is among the top destinations for millionaire migration, especially from countries like the UK, which is forecast to lose 16,500 millionaires this year. India is also expected to see an outflow of approximately 3,500 wealthy individuals. In total, the UAE is projected to attract Dh231 billion ($63 billion) in wealth through inbound millionaire migration. 'There's a growing perception that Dubai offers a more secure and strategic long-term base,' added Lyons. 'When markets like the UK implement unfavorable fiscal policies, it only accelerates the decision-making process for those considering relocation.' Among Dubai's luxury communities, Emirates Hills recorded the highest transaction value at Dh425 million, followed by Jumeirah Bay Island (Dh330 million), Dubai Hills Estate (Dh140 million), Palm Jumeirah – The Fronds (Dh130 million), and Al Barari (Dh121 million), according to Espace.
Zawya
09-07-2025
- Business
- Zawya
Dubai property market in H1 2025: Measured growth, expanding off-plan appetite, and strong investment yields
Dubai, UAE – Dubai's residential property market has maintained its upward momentum in the first half of 2025, with continued price appreciation and robust investor confidence across both ready and off-plan segments. Insights from Bayut and dubizzle reveal a market transitioning into a more mature, data-driven phase, where long-term value, pricing clarity and trusted insights are playing a more prominent role in buyer and investor behaviour. Ready Sales: Demand for Suburban and Lifestyle-Centric Communities Bayut's data for the ready sales segment indicates steady growth across all budget categories. Villas in Dubailand reported the highest price increases of up to 10.4%, driven by demand for larger, more affordable homes. Other high-performing affordable communities included Dubai South, DAMAC Hills 2, Dubai Sports City, and Dubai Silicon Oasis. Mid-tier buyers remained focused on Jumeirah Village Circle (JVC), Business Bay, Al Furjan, and Arabian Ranches 3, while premium investors continued to transact in established luxury zones like Dubai Marina, Downtown Dubai, Arabian Ranches, and DAMAC Hills. Across the board, affordable apartment prices rose by up to 7%, while villas in the same bracket saw growth of up to 11%. Mid-tier apartment prices increased by up to 3%, and villas in this range appreciated by 6% to 10%. In the luxury category, villa prices grew between 2% and 8%, while luxury apartment prices saw increases of up to 4%. Off-Plan Market: Expanding Inventory and Buyer Diversification Dubai's off-plan property sector remained vibrant in H1 2025, supported by a wide spectrum of launches and healthy buyer appetite across price tiers. Affordable Off-Plan Both Bayut and dubizzle identified Dubai Investment Park (DIP) and Dubai South as top-performing zones for budget-friendly off-plan options. Notable projects include Verdana Residence (Bayut) and Verdana 2 (dubizzle), offering apartments priced between AED 682k and AED 693k, and Azizi Venice in Dubai South with average prices around AED 1.15M. Other strong contenders in this category include 4B Living in International City (launch price AED 395k), Jade Tower and Forest City Tower in Majan, and Binghatti Haven in Dubai Sports City, averaging around AED 1.22M. For affordable villas, Dubailand led the way with projects like R. Hills and Taormina Village 1 (Bayut), alongside DAMAC Sun City. In DIP, DAMAC Riverside and Verdana 2 Villas provided value-driven inventory. Dubai South's Greenspoint by Emaar also gained traction, offering homes with starting prices around AED 3.4M. Mid-Tier Off-Plan JVC emerged as the clear favourite for mid-tier off-plan apartments, with Bayut users, while dubizzle data pointed to projects like Palatium Residences (AED 1.34M), Binghatti Aurora, SquareX Residence, and The F1fth. Nearby Jumeirah Village Triangle (JVT) offered alternatives like Red Square and Guzel Towers, with prices ranging from AED 907k to AED 1.06M. Al Jaddaf's Binghatti Starlight also contributed to the segment's appeal. For mid-tier villas, Mudon's Al Ranim (Bayut) and Arabian Ranches 3's Anya and June (dubizzle) were top choices. Dubai Islands, with Bay Villas by Nakheel, also stood out in the coastal mid-luxury segment. Luxury Off-Plan High-end buyers continued to show interest in waterfront and gated luxury districts. Bayut highlighted District 11, MBR City for villa buyers, while dubizzle reported strong demand in Sobha Hartland, Dubai Harbour, Al Wasl, and Dubai Hills Estate. Key luxury apartment projects included Sobha One and Creek Vistas Heights (average prices ~AED 2.3M), DAMAC Bay by Cavalli (AED 4.74M), and Thyme at Central Park in Al Wasl (AED 2M). Hyde Residences in Dubai Hills Estate also gained popularity. For luxury villas, Knightsbridge by LEOS in MBR City and a variety of thematically designed offerings in DAMAC Lagoons (e.g., Santorini, Malta, Nice, and Venice, ranging from AED 2.69M to AED 6.85M) saw strong buyer activity. Investor Trends: Strong ROIs Across Affordable and Mid-Tier Segments Bayut's ROI analysis found that affordable apartments in International City, DIP, and Discovery Gardens yielded between 9% and 11%. Villas in DAMAC Hills 2, Dubai Industrial City, and Serena also performed well, with rental yields exceeding 5.85%. Mid-range communities such as Town Square, Mudon, Living Legends, and Al Furjan delivered rental returns of 7% to 10%, while luxury areas like Al Sufouh, Green Community, Dubai Creek Harbour, and Jumeirah Golf Estates offered stable ROIs above 5.9%. Commenting on the findings, Haider Ali Khan, CEO of Bayut and dubizzle, CEO of Dubizzle Group MENA and Board Member of the Dubai Chamber of Digital Economy, said: 'We're seeing a really interesting shift in Dubai's property market this year. Demand remains strong, but price movements are becoming more measured, a positive indicator of long-term stability. At the same time, there's a growing appetite for greater clarity around pricing. That's where tools like TruEstimate™ are proving invaluable. In fact, in May, 50% of ready transactions in Dubai were closed after a TruEstimate™ report was generated, underscoring just how crucial data-backed insights have become in helping both buyers and sellers make more confident decisions.' With demand firmly underpinned by infrastructure expansion, price transparency and innovative PropTech tools, Dubai's residential market continues to offer long-term opportunities for both end-users and investors alike. About dubizzle: Operating under the umbrella of Dubizzle Group Holdings Limited, dubizzle is the UAE's largest and most trusted classifieds platform. With its intuitive interface and cutting-edge features, dubizzle has become the preferred marketplace for individuals and businesses seeking efficient transactions. The safe and reliable dubizzle services have made a key player in the megacity's real estate, helping buyers, renters, property managers and investors to navigate and negotiate for their desired properties. About Bayut: Bayut is the uncontested market leader when it comes to real estate portals in the UAE. With 4000+ real estate agencies choosing Bayut as their advertising partner, with over 400 million page views per year. +87.2 million visits, Bayut has successfully established itself as the number one platform people trust when it comes to property search. A technology driven platform, Bayut is known to keep innovation at its core with updated, detailed transactional and advertised insights, extensive area and building guides, and revolutionary new products and features, allowing end-users to make the most well-researched decisions when searching for properties in the UAE. Since Bayut was established in 2008, the company has seen accelerated growth, by focusing on increasing not only the number of real estate partners it works with, but also obtaining substantial traffic growth to claim the status of market leaders in the competitive real estate portal landscape in the UAE, with an extensive portfolio across all seven emirates.
Khaleej Times
08-07-2025
- Business
- Khaleej Times
Apartment prices in Dubai have risen almost a fifth this year
Apartment prices in Dubai have risen almost a fifth this year, a report showed on Wednesday, as the emirate continues to attract real estate investors from around the world due to its safe haven appeal and attractive policies. June 2025 saw the ValuStrat Price Index achieve 220.8 points, marking a 1.5 per cent monthly increase, down from 1.6 per cent in May, and a 23.9 per cent rise since June last year. Villa values climbed to 291.6 points, while apartments reached 174.7 points, all benchmarked to a base of 100 points in January 2021. Capital growth continues at a slightly slower pace with more locations surpassing previous price peaks. Transaction volumes declined monthly, and ready sales account for less than 30 per cent of total activity. Villa capital values grew 1.9 per cent monthly, down from 2 per cent in May, with an annual gain of 28.7 per cent. The strongest annual performers included villas in Jumeirah Islands (41.1 per cent), Palm Jumeirah (40.5 per cent), Emirates Hills and The Meadows both at 27.5 per cent. Meanwhile, the lowest annual gains were recorded in Mudon (8.1 per cent). Dubai's freehold villas are, on average, valued at 180 per cent above post-pandemic levels. Apartment prices rose by 1.1 per cent monthly, recording an annual growth of 19.1 per cent. The highest yearly capital gains were seen in The Greens (24.4 per cent), Dubai Silicon Oasis (23.4 per cent), Dubailand Residence Complex (23.3 per cent), Palm Jumeirah (22.9 per cent), and Town Square (22.4 per cent). In contrast, the lowest capital value increases were recorded in International City (11.2 per cent) and Business Bay (15.8 per cent). Apartment valuations in Dubai are, on average, 73 per cent higher than post-pandemic levels. Off-plan vs ready homes Oqood registrations for off-plan homes declined 8 per cent monthly but were 60.1 per cent higher annually, accounting for 73.4 per cent of total residential sales. Meanwhile, ready secondary-home transactions dropped 14.3 per cent since May, but were 11 per cent higher on an annual basis. Prime home sales There were 40 transactions for ready properties priced over Dh30 million, 15 of which were priced over Dh50 million. These properties were located in DIFC, Palm Jumeirah, Arabian Ranches, Jumeirah Golf Estates, Dubai Hills Estate, Jumeirah Park, Al Barari, and Downtown Dubai. Top locations Top off-plan locations transacted included projects in Jumeirah Village Circle (9.1 per cent), Dubai Investment Park Second (7.2 per cent), Uptown Motorcity (5.9 per cent), Damac Island City (5 per cent), and Business Bay (4.8 per cent). Both Dubai Silicon Oasis and Uptown Motorcity broke their individual records with the highest number of off-plan homes traded in one month. Meanwhile, the majority of ready home sales were concentrated in Jumeirah Village Circle (9.2 per cent), Business Bay (5.5 per cent), Dubai Marina (4.9 per cent), Downtown Dubai (4 per cent), and DIFC (3.9 per cent).
