Latest news with #DubizzleGroupMENA
Arabian Business
07-04-2025
- Business
- Arabian Business
Dubai real estate: Property market sees strong growth in Q1 2025, says dubizzle
Dubai's real estate market maintained its upward trajectory in the first quarter of 2025, according to the latest report from dubizzle, the UAE's largest classified platform. The report highlights increased investor confidence, tourist numbers and government initiatives as key factors driving the market's performance across luxury, mid-tier and affordable segments. 'Dubai's real estate market has sustained its upward trajectory in Q1 2025, with demand for ready properties reaching new heights and the off-plan sector continuing to thrive. Investor confidence remains exceptionally strong, driven by favourable market conditions, high rental yields and strategic government initiatives that have cemented Dubai's position as a global investment hub. As the sector evolves, dubizzle commits to enhancing market transparency and providing data-driven insights as crucial elements in shaping informed decision-making and fostering long-term growth,' said Haider Khan, CEO of dubizzle and Dubizzle Group MENA. Dubai property market records strong Q1 2025 performance across all segments Dubai Marina remains the top destination for luxury apartments with an average sales price of AED 2.52 million and rental prices averaging AED 139,000 annually. The area recorded a return on investment (ROI) of 5.84 percent. For luxury villas, Dubai Hills Estate leads with an average sales price of AED 17.77 million and an ROI of 4.41 percent. Palm Jumeirah follows with villas averaging AED 47.48 million and a 3.63 percent ROI. In the rental market, Al Barsha commands the highest average rent for luxury villas at AED 448,000 per year, followed by Jumeirah at AED 420,000. Jumeirah Village Circle (JVC) dominates the mid-tier apartment segment with an average sales price of AED 1.18 million and annual rent of AED 79,000. The area offers investors a 7.38 percent ROI. For mid-tier villas, Al Furjan tops the list with an average sales price of AED 5.8 million and rental prices of AED 322,000 annually, delivering a 5.69 percent ROI. Other popular mid-tier areas include Business Bay and JLT for apartments, with Arabian Ranches 3 gaining traction for villas. Affordable housing market shows strong investment returns in Q1 In the affordable segment, Dubai Silicon Oasis leads apartment sales with an average price of AED 1.03 million, while International City offers the lowest average rent at AED 52,000 per year. DAMAC Hills 2 (formerly Akoya by DAMAC) emerges as the top choice for affordable villas with an average sales price of AED 1.96 million and rental rates of AED 118,000 annually. The area provides a 7.14 percent ROI for investors. Dubai Investments Park stands out for investment returns, with affordable apartments yielding 8.79 percent ROI and villas an impressive 12.16 percent. The off-plan sector continues to attract investors. For luxury apartments, Elvira in Dubai Hills Estate offers units averaging AED 2.5 million, while St. Regis The Residences in Downtown Dubai targets the ultra-luxury segment with prices starting at AED 4.28 million. In the mid-tier off-plan segment, Binghatti Skyrise in Business Bay averages AED 1.7 million for apartments, while Wind Towers in JLT offers units around AED 700,000. For affordable off-plan apartments, Verdana Residence in Dubai Investments Park averages AED 607,000, while 48 Parkside in Arjan averages AED 1.62 million. In the villa segment, DAMAC Lagoons' Venice project leads luxury off-plan options starting at AED 6.77 million, while Farm Grove in The Valley by Emaar averages AED 5.21 million. Arabian Ranches 3 remains popular for mid-tier off-plan villas with projects like Anya averaging AED 2.91 million. For affordable options, R. Hills in Dubailand starts at AED 2.11 million, while Verdana 2 in Dubai Investments Park averages AED 1.26 million.
Arabian Business
07-04-2025
- Business
- Arabian Business
Bayut and dubizzle open 45,000 sq ft hub at Dubai CommerCity
Dubai CommerCity, the region's first free zone dedicated to digital commerce, has announced the official inauguration of Bayut and dubizzle's new hub within its premises. The opening marks a significant development in the expansion of these property platforms. The hub spans 45,000 square feet and is designed to accommodate over 400 employees across two floors. Bayut and dubizzle expand hub The inauguration was attended by Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity, and Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA, alongside officials from Dubai Land Department and Dubai Police. 'The opening of Bayut and dubizzle's new hub in Dubai CommerCity is a significant milestone that highlights our commitment to driving innovation and excellence in the digital commerce sector. As the region's first free zone dedicated exclusively to digital commerce, Dubai CommerCity offers a unique environment for companies to thrive,' Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity said. 'With its world-class infrastructure and dynamic ecosystem, Dubai CommerCity provides an ideal foundation for Bayut and dubizzle to lead the Proptech industry and this expansion not only strengthens their leadership position but also sets a new benchmark for technology, transparency, and customer experience in the UAE,' he added. The company has introduced various innovations in the property technology sector. Their TruEstimate™ tool, developed with the Dubai Land Department, has generated over 200,000 property valuation reports in seven months. Additionally, their TruBroker™ feature has awarded more than 6,500 badges to real estate agents by February 2025. The new workspace will serve as a centre for talent across technology, product development, marketing, sales, and customer service, creating career opportunities for professionals in the UAE. Dubai CommerCity is a joint venture between DIEZ and Wasl Properties, established to support the growth of digital commerce in the region. 'We are excited to be part of Dubai CommerCity. This dynamic and rapidly expanding hub provides a cutting-edge ecosystem that fosters innovation and accelerates growth. Our decision to establish a presence here, alongside our headquarters in Dubai Design District, was driven by CommerCity's strategic location, world-class infrastructure and commitment to supporting the digital economy,' Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA said. 'With Bayut and dubizzle operating from multiple locations across Dubai, this expansion positions us at the core of the city's digital transformation, allowing us to scale our operations, enhance our impact, and drive further innovation in the sector,' he added.
Zawya
06-04-2025
- Business
- Zawya
Bayut and dubizzle strengthen UAE presence from Dubai CommerCity
Abdulrahman Shahin: Dubai CommerCity provides an ideal foundation for Bayut and dubizzle to lead the Proptech industry Haider Khan: This dynamic and rapidly expanding hub provides a cutting-edge ecosystem that fosters innovation and accelerates growth Dubai, UAE – Dubai CommerCity, the region's first and leading free zone dedicated exclusively to digital commerce and a joint venture between DIEZ and Wasl Properties, today announced the official inauguration of Bayut and dubizzle's new hub at Dubai CommerCity, marking a significant milestone in their expansion and reinforcing their commitment to driving the future of digital commerce in the UAE. Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity and Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA inaugurated the new hub in the presence of officials from Dubai Land Department and Dubai Police along with senior officials from both entities. Spanning 45,000 square feet, the new hub is designed to accommodate over 400 employees over two floors, offering a dynamic environment that fosters creativity, collaboration, and innovation. This expansion highlights Bayut and dubizzle's continued growth and leadership in the real estate and online classifieds sectors. The move reinforces their position at the forefront of the Proptech industry, setting new benchmarks for technology, transparency, and customer experience. Abdulrahman Shahin, Senior Vice President Property Management and Supply Chain at Dubai CommerCity said: 'The opening of Bayut and dubizzle's new hub in Dubai CommerCity is a significant milestone that highlights our commitment to driving innovation and excellence in the digital commerce sector. As the region's first free zone dedicated exclusively to digital commerce, Dubai CommerCity offers a unique environment for companies to thrive'. He added: 'With its world-class infrastructure and dynamic ecosystem, Dubai CommerCity provides an ideal foundation for Bayut and dubizzle to lead the Proptech industry and this expansion not only strengthens their leadership position but also sets a new benchmark for technology, transparency, and customer experience in the UAE.' Haider Khan, CEO of Bayut and dubizzle and CEO of Dubizzle Group MENA, said: 'We are excited to be part of Dubai CommerCity. This dynamic and rapidly expanding hub provides a cutting-edge ecosystem that fosters innovation and accelerates growth. Our decision to establish a presence here, alongside our headquarters in Dubai Design District, was driven by CommerCity's strategic location, world-class infrastructure and commitment to supporting the digital economy.' 'With Bayut and dubizzle operating from multiple locations across Dubai, this expansion positions us at the core of the city's digital transformation, allowing us to scale our operations, enhance our impact, and drive further innovation in the sector,' he added. Bayut and dubizzle's innovations in the Proptech space are leading the charge in transforming the real estate sector. Among their standout achievements is the launch of TruEstimate™, a property valuation tool developed in collaboration with the Dubai Land Department (DLD). Property seekers across Dubai have generated over 200,000 TruEstimate™ reports within just 7 months of the launch of this innovative property valuation solution, showcasing its role in enhancing real estate decision making with real-time, data-driven insights. In addition, Bayut has introduced TruBroker™, a bespoke feature aimed at recognizing and engaging real estate agents across the UAE. With over 6,500 badges awarded by February 2025, TruBroker™ is changing how agents are acknowledged for their professional contributions, promoting greater transparency and collaboration within the industry. This new hub also reinforces Bayut and dubizzle's dedication to regional growth and job creation. The state-of-the-art workspace will serve as a hub for talent across technology, product development, marketing, sales, and customer service, offering exciting career opportunities for top professionals in the UAE, marking another important milestone in their journey to drive innovation and lead the future of the Proptech and online classifieds industries.
ARN News Center
21-02-2025
- Automotive
- ARN News Center
Dubizzle acquires Egypt's automotive portal Hatla2ee
UAE-based classifieds company Dubizzle Group has announced the acquisition of Hatla2ee, a leading Egyptian automotive portal. The CEO of Dubizzle Group MENA, Haider Khan, said: "Egypt's dynamic automotive sector presents immense opportunities and by integrating Hatla2ee's expertise with our technology-driven ecosystem, we aim to enhance the buying and selling experience for millions of users. We are excited to welcome Hatla2ee to the group and look forward to driving innovation and value in the Egyptian market,' The CEO of Hatla2ee, Samy Swellam, welcomed the acquisition saying: 'Over the years, Hatla2ee has built a strong community of car buyers and sellers, offering a seamless and trusted platform for transactions. Joining forces with Dubizzle Group unlocks new opportunities to enhance our offerings, leverage advanced technology, and provide an even better experience for our users in Egypt. We are excited for this next chapter and the growth that lies ahead.' Hatla2ee's comprehensive services include buying and selling of both new and used cars, locally produced and imported, along with car evaluations, financing options, and real-time market pricing insights. Hatla2ee was founded in 2016, and has established itself as a trusted platform for buying and selling new and used cars in Egypt. With over 2 million unique monthly visitors across its website and mobile applications, it has become a go-to destination for car buyers and sellers.
Dubai Eye
20-02-2025
- Automotive
- Dubai Eye
Dubizzle acquires Egypt's automotive portal Hatla2ee
UAE-based classifieds company Dubizzle Group has announced the acquisition of Hatla2ee, a leading Egyptian automotive portal. The CEO of Dubizzle Group MENA, Haider Khan, said: "Egypt's dynamic automotive sector presents immense opportunities and by integrating Hatla2ee's expertise with our technology-driven ecosystem, we aim to enhance the buying and selling experience for millions of users. We are excited to welcome Hatla2ee to the group and look forward to driving innovation and value in the Egyptian market,' The CEO of Hatla2ee, Samy Swellam, welcomed the acquisition saying: 'Over the years, Hatla2ee has built a strong community of car buyers and sellers, offering a seamless and trusted platform for transactions. Joining forces with Dubizzle Group unlocks new opportunities to enhance our offerings, leverage advanced technology, and provide an even better experience for our users in Egypt. We are excited for this next chapter and the growth that lies ahead.' Hatla2ee's comprehensive services include buying and selling of both new and used cars, locally produced and imported, along with car evaluations, financing options, and real-time market pricing insights. Hatla2ee was founded in 2016, and has established itself as a trusted platform for buying and selling new and used cars in Egypt. With over 2 million unique monthly visitors across its website and mobile applications, it has become a go-to destination for car buyers and sellers.
