Latest news with #EngelVölkers
Zawya
17 hours ago
- Business
- Zawya
Engel & Völkers Commercial appointed as exclusive broker for freehold, licensed F&B retail spaces at Marriott Residences JVC
Dubai, UAE: Engel & Völkers Commercial has been appointed as the exclusive brokerage partner for the sale of Dubai's first-ever freehold, licensed food and beverage retail spaces, located at the upcoming Marriott Residences in Jumeirah Village Circle (JVC). Investors can choose between two models: a guaranteed ROI model, offering 10% annual returns for 5 years with a branded operator managing the unit, or a shell-and-core ownership model, where F&B operators can introduce their own brand concept into a licensed, freehold space. Several signature concepts are already in development, with more opportunities available. Both models benefit from post-handover payment plans and full title ownership. The Marriott Residences JVC blends contemporary elegance with traditional heritage elements. The branded property features 119 guest rooms and suites, a rooftop pool, wellness amenities, and a Restaurants Village, a fully licensed culinary destination curated by renowned operators Motion Hospitality and Six Hospitality, backed by AED 100 million in capital investment from TEN Holding/Freehold Mediation and Information. The Restaurants Village will host a collection of 11 signature venues, with a mix of turnkey and custom-built spaces. 'Buyers will have full ownership and operational control of their outlet, free from the limitations of traditional leasehold models,' said Hamad Omid Ghasemi, Chairman of 10 Holding/Freehold Mediation and Information. 'With no rent obligations, operators can significantly improve profitability, accelerate returns, and retain full title deed ownership, offering both operational freedom and long-term resale potential.' Investors can secure their space with a five-year post-handover payment plan, paying 40% of the total amount over time at an annual rate of just 8%. This financing structure removes the barrier to entry for many investors looking to tap into Dubai's growing hospitality infrastructure. Traditionally, restaurants and cafés have operated on high-cost leaseholds. In contrast, this Marriott-branded project gives investors and F&B operators the chance to own licensed, income-generating restaurant units outright, with full title deeds. That ownership unlocks a range of powerful advantages: control over concept and design, freedom from rent escalations, long-term brand building, and significant asset appreciation. 'This is a pioneering moment for commercial real estate in Dubai,' said Alex Lourenco, Head of Commercial at Engel & Völkers Middle East. 'Owning a licensed restaurant space in a Marriott-branded development, with guaranteed returns, flexible financing, and minimal operational risk, simply didn't exist before now. It's a compelling blend of security, profitability, and prestige.' Strategically positioned just 10 to 20 minutes from major landmarks including Mall of the Emirates, Dubai Marina, and Downtown Dubai, the project ensures sustained footfall from residents, tourists, and business travellers. The development is led by the Khamas Group, a UAE institution with more than a century of legacy in hospitality, construction, and real estate, and currently operates nine hotels, 14 restaurants, and two spas globally. The F&B spaces are being offered through Engel & Völkers Commercial with flexible post-handover payment options and turnkey or customizable concepts. Signature concepts such as Toco, Olivia, Liquid Rhythm, and The Tavern are already in development, though buyers may also propose their own brand concepts, subject to operational approval by Marriott's hospitality team. These investment models are ideal for F&B companies, international brands entering the UAE, and investors seeking high-yield, low-maintenance commercial assets. By owning rather than leasing, brands gain full creative control, long-term cost savings, and a stable foundation for strategic expansion — all within a Marriott-backed lifestyle hub. Unlike traditional retail units, this opportunity combines freehold ownership with licensed F&B operation rights, supported by professional management. It offers significantly greater flexibility, security, and long-term value compared to conventional leasehold retail spaces. For global brands, it's a chance to establish a permanent presence in a prime Dubai destination, without the limitations of traditional tenancy. 'We're proud to bring this opportunity exclusively to market. It reflects our strategic focus on lifestyle-driven commercial assets where location, design, and brand equity converge to deliver exceptional returns,' Nikki Shoria, Senior Commercial Consultant at Engel & Völkers Middle East added. 'This is long-term positioning in the heart of Dubai's hospitality future.' Press contact: Diana Džaka Bičo Marketing Director Office 21 Mezzanine Level, Golden Mile 2, Palm Jumeirah, Dubai UAE Dubai, United Arab Emirates Telephone number: +971 52 881 8057 Flor Pamintuan PR Account Director Ishraq Communications LLC flor@ About Engel & Völkers: Engel & Völkers is one of the world's leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts and aircrafts. For over 45 years now, the wishes and needs of private and institutional clients have had top priority, giving rise to the ongoing development of a range of services relating to all aspects of real estate. Sales and leaseholds, as well as consultancy for various investment opportunities in the real estate segment are among the core competencies of more than 16,700 people operating under the Engel & Völkers brand. The company is currently operating in over 35 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the company's success. Engel & Völkers develops digital tools and IT products on an ongoing basis in order to keep its service as efficient as possible. In doing so, the company is setting new standards in digital solutions for property brokerage. About Engel & Völkers Middle East: Established in 2014, Engel & Völkers Middle East has its offices in Dubai, United Arab Emirates. The team consists of over 200 trusted agents, each focusing on premium residential and commercial properties, serving as experts in their respective areas. The company recently established a separate entity for commercial real estate (Engel & Völkers Commercial Middle East). Engel & Völkers Commercial serves as an entry point to exceptional commercial real estate opportunities in Dubai, from attractive office spaces to industrial complexes. The Private Office provides services for affluent clients and has access to premium real estate globally. Whether you're in the market to rent, buy, or sell a property, Engel & Völkers Middle East is a perfect choice to achieve your real estate goals.
CTV News
16-07-2025
- Business
- CTV News
$1 million homes account for 10 per cent of Ottawa's homes sold so far in 2025: report
A new home is displayed for sale, in Ottawa on Tuesday, July 14, 2020. THE CANADIAN PRESS/Sean Kilpatrick Ottawa's luxury real estate market heated up in the first six months of 2025, with sales of million-dollar homes increasing 31 per cent this year. Engel & Völkers released its 2025 Mid-Year Canadian Luxury Real Estate Market Report on Wednesday, showing 864 homes and condominiums were sold for over $1 million in the January to June period. 'In the first half of 2025, Ottawa's residential real estate market demonstrated signs of renewed strength following a tepid start to the year,' the report says. 'Market activity accelerated significantly in May, coinciding with a post-election boost in buyer confidence.' The report shows properties selling for between $1 million and $1.99 million accounted for 10.8 per cent of all real estate transactions in the first half of 2025, up from 8.6 per cent in 2024. A total of 780 homes and 23 condominiums sold for between $1 million and $1.99 million in the January to June period. Engel & Völkers says residential properties in the $1 million to $1.99 million price range saw a modest 2.2 per cent increase in average sale price year-to-date. 'Buyers remained cautious and increasingly price sensitive. Unlike the bidding wars of recent years, 2025 saw extended decision timelines and increased scrutiny of floor plans, renovation needs and neighbourhood trends,' the report says. 'Advisors noted a shift toward what they are calling 'micro-bursts,' pockets of intense activity in high-demand areas, where property valued, well-located homes attracted multiple offers.' In the $2 million to $3.99 million range, the report shows sales jumped 73.5 per cent in the first six months of 2025 compared to 2024. Prices peaked in April, with 20 homes selling for just under $3 million. One home sold for more than $4 million in the first six months of the year, with the sale price of $4.62 million in May. Engel & Völkers says the Ottawa real estate market 'took off in the second week of May,' shortly after the federal election. 'With the spring market seemingly delayed this year due to the threat of tariffs and the election, it is expected that the spring market will continue into July this year,' the report said.
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Engel & Völkers Releases 2025 Mid-Year Canadian Luxury Real Estate Market Report
Wealthy buyers drive gains in top-tier segments, with core $1 million - $1.99 million market showing enduring strength nationwide New York, New York and Toronto, Ontario--(Newsfile Corp. - July 16, 2025) - Engel & Völkers has released its 2025 Mid-Year Canadian Luxury Real Estate Market Report, revealing a landscape that is both resilient and increasingly segmented. The report, which analyses properties priced over $1 million in Halifax, Montréal, Ottawa, Toronto and Vancouver, highlights a distinct two-speed market, where mid-luxury homes remain stable, while ultra-luxury properties see selective but meaningful gains. Mid-luxury remains resilient, with properties priced between $1 million and $1.99 million continuing to form the backbone of the market. Ultra-luxury condos are experiencing strong demand, driven by a surge in ultra-high-net-worth individuals seeking to downsize. However, immigration caps are beginning to temper demand from new international buyers. Regional divergences are also emerging, as market conditions are increasingly varied across provinces. Neighbourhood segmentation has become the new norm, with home prices varying dramatically — even from street to street — based on a complex mix of factors ranging from school zones to lifestyle amenities. "We're seeing a clear wave of demand from ultra-high-net-worth downsizers who value privacy, space and convenience. In cities like Toronto and Vancouver, boutique ultra-luxury condos are outperforming, driven by buyers seeking turnkey sophistication," said Andrew Dinsmore, chief financial officer, Engel & Völkers Americas. "One thing is clear — today's Canadian market is hyper-local. It's no longer just about city averages — it's about the block, the view and the school zone. From street to street, values can shift dramatically and buyers are more focused than ever on pinpointing the right fit." Key findings: Halifax saw a 9.2 per cent increase in the number of units sold priced between $1 million and $1.99 million in 2025's first half, compared to the same period in 2024. Montréal sales of homes over $4 million jumped 69 per cent in the first half of 2025 compared to 2024, signalling a strong rebound in Montréal's luxury market. Ottawa properties priced between $1 million and $1.99 million accounted for 10.8 per cent of all real estate transactions in the first half of 2025. This is up from 8.6 per cent in the second half of 2024. Toronto's ultra-luxury home prices surge by $1 million in the first half of 2025, averaging $14.8 million in the $10 million-plus segment. Vancouver's June detached sales grew by four per cent year-over-year in the $1 million to $1.99 million segment, showing signs of renewed activity. 2025 Mid-Year Canadian Luxury Real Estate Market Report About Engel & Völkers Engel & Völkers is a global luxury real estate brand. Founded in Hamburg, Germany, in 1977, Engel & Völkers draws on its rich European history to deliver a fresh approach to luxury real estate in the Americas with a focus on creating a personalized client experience at every stage of the home buying or selling process for today's savvy homeowner. The Engel & Völkers Network currently operates approximately 300 shop locations with approximately 6,000 real estate advisors in the Americas, contributing to the global network of over 16,000 real estate professionals in more than 30 countries, offering both private and institutional clients a professionally tailored range of luxury services, including real estate and yachting. Committed to exceptional service, Engel & Völkers supports its network of advisors with an array of premium quality business services; marketing programs and platforms; as well as access to its global network of real estate professionals, property listings, and market data. Each brokerage is independently owned and operated. For more information, visit MEDIA CONTACTS Lina Zhao Matte PR 416-515-7667 ext. 702 evamericas@ Chris Zoeller Senior Marketing Director Engel & Völkers Americas 973-271-7339 -30-
Zawya
13-07-2025
- Business
- Zawya
Dubai's luxury real estate market breaks record with 62.7% surge in AED 10mln+ sales in H1
Dubai, UAE - Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, reported a record-breaking first half of 2025, as Dubai's luxury property market outpaces global peers in scale, growth, and momentum. With 3,731 properties transacting above AED 10 million in H1 — up 62.7% from the same period last year — the emirate continues to redefine the global standard for ultra-prime living. The second quarter alone saw 2,388 high-end transactions, the highest quarterly total ever recorded. This segment now accounts for over 4% of the total market volume, compared to just 1.1% in 2020, marking a structural evolution in Dubai's real estate profile. A landmark AED 425 million sale in Emirates Hills and an AED 300 million beachfront villa deal on Palm Jumeirah were among the standout transactions in the first six months of the year. Engel & Völkers Middle East's performance reflects this surge in premium demand. The brokerage recorded a 48% year-on-year increase in transactions and a 40% rise in net commission income (NCI) in the first half of 2025, driven by sustained activity across the luxury and upper mid-market segments. This growth reflects the company's ability to consistently serve a global network of clients seeking exceptional real estate. Engel & Völkers Middle East also reveals a shift in buyer nationalities. Indian investors emerged as the top purchasing group, followed closely by buyers from Germany, the United Kingdom, and Portugal, underscoring the growing movement of people and capital from Europe and South Asia. Activity from many European countries, including Spain, Austria, the Netherlands, and Portugal, gained momentum. These are markets where Engel & Völkers has a well-established presence, enabling seamless support for clients relocating to or investing in Dubai. 'Dubai is no longer simply a hotspot for speculative investors but is now a permanent home for the world's elite,' observed Daniel Hadi, CEO of Engel & Völkers Middle East. 'With 62% growth in AED 10 million-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche, it is central to Dubai's real estate identity. From Emirates Hills to Palm Jebel Ali, we're seeing a structural shift in demand from global capital moving here for the long term.' The surge in ultra-luxury activity is mirrored by Dubai's broader economic trajectory. The emirate is on track to surpass 4 million residents this year, its fastest population growth since 2018 (Dubai Statistics Centre). Simultaneously, the UAE is expected to attract 9,800 new millionaires in 2025, more than any other country (Henley & Partners), reinforcing its status as a premier wealth haven. This ongoing inflow is underpinned by favourable tax conditions, lifestyle advantages, and long-term economic policies aligned with global capital migration trends. Dubai's residential market recorded a 22.7% year-on-year increase in sales in H1 2025, with transaction volume now more than six times higher than in H1 2020, underscoring the scale and velocity of the city's real estate expansion. Off-plan sales grew by 19.9%, reaching 54,742 transactions, while secondary market activity surged by 26.8% to hit 38,168 sales. Apartments remained the cornerstone of Dubai's residential market in H1 2025, with sales volumes climbing 18.2% year-over-year to reach 71,879 units. This segment accounted for nearly 79% of all transactions and over half of the total sales value. The off-plan segment continued to lead activity, driven by investor appetite in areas such as Jumeirah Village Circle, Business Bay, and Dubai Residence Complex. Notably, the secondary market's share of total transactions rose to 41.1%, marking its first H1 increase in several years — a sign of growing maturity and confidence among end-users and investors alike. Secondary market apartment demand remained concentrated in the areas of Dubai Marina, Downtown Dubai, and MBR City. Villas recorded a 27.6% year-on-year growth in transactions, with the total value rising to AED 78.3 billion, which is 53.5% increase compared to H1 2024. Demand was particularly strong for off-plan villas in emerging suburban communities, driven by the rising appeal of family-oriented living and the availability of larger homes at competitive entry points. New districts such as The Oasis, Grand Polo Club, and The Valley led villa transaction growth, illustrating the shift in buyer preferences toward more spacious layouts and integrated community environments. As villa sales volumes continue to scale, Engel & Völkers Middle East notes a broadening of the luxury map, with high-end villas now extending well beyond traditional core zones. Townhouses emerged as the fastest-growing residential segment in H1 2025. Sales surged by 57.4% year-on-year to 13,619 transactions, while total value climbed 64.7% to AED 42 billion — the strongest half-year performance on record for the segment. This growth was powered by robust off-plan launches in Damac Islands, Damac Hills 2, and The Valley, catering to families and investors seeking a balance between value, space, and long-term livability. Engel & Völkers Middle East sees this trend as a strategic evolution, with townhouses bridging the gap between high-rise living and villa-style privacy — particularly attractive to first-time buyers and resident families. Looking ahead, Engel & Völkers Middle East expects momentum to continue into the second half of the year. The launch of the First Home Buyer Programme, backed by major developers and UAE banks, is expected to unlock fresh demand from residents looking to transition from renting to ownership. Meanwhile, ongoing geopolitical neutrality, investor-friendly regulations, and the UAE's strong digital infrastructure are expected to shield the market from global economic headwinds. Dubai's fundamentals remain compelling: a growing population, diversified economy, world-class infrastructure, and a clear strategic vision for innovation. The emirate retained its position as the world's #1 destination for entrepreneurship in 2025 (Global Entrepreneurship Monitor), and recent initiatives such as the US–UAE AI Acceleration Framework signal long-term policy alignment with global technology trends. 'With no significant oversupply risks on the horizon and demand surging across every segment, Dubai's residential market is set to remain on an upward trajectory,' concluded Hadi. 'As Engel & Völkers, we are proud to support this transformation — not just as brokers, but as long-term partners to the world's most discerning buyers.' You can download Engel & Völkers Middle East Residential Market Report H1 2025 by clicking here About Engel & Völkers: Engel & Völkers is one of the world's leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts and aircrafts. For over 45 years now, the wishes and needs of private and institutional clients have had top priority, giving rise to the ongoing development of a range of services relating to all aspects of real estate. Sales and leaseholds, as well as consultancy for various investment opportunities in the real estate segment are among the core competencies of more than 16,700 people operating under the Engel & Völkers brand. The company is currently operating in over 35 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the company's success. Engel & Völkers develops digital tools and IT products on an ongoing basis in order to keep its service as efficient as possible. In doing so, the company is setting new standards in digital solutions for property brokerage. About Engel & Völkers Middle East: Established in 2014, Engel & Völkers Middle East has its offices in Dubai, United Arab Emirates. The team consists of over 200 trusted agents, each focusing on premium residential and commercial properties, serving as experts in their respective areas. The company recently established a separate entity for commercial real estate (Engel & Völkers Commercial Middle East). Engel & Völkers Commercial serves as an entry point to exceptional commercial real estate opportunities in Dubai, from attractive office spaces to industrial complexes. The Private Office provides services for affluent clients and has access to premium real estate globally. Whether you're in the market to rent, buy, or sell a property, Engel & Völkers Middle East is a perfect choice to achieve your real estate goals.
Arabian Business
12-07-2025
- Business
- Arabian Business
Dubai luxury property market hits record high in H1 2025 with 3,731 sales above $2.72m
Dubai's luxury real estate market has delivered its strongest half-year performance on record, with 3,731 properties sold above AED 10m ($2.72m) in H1 2025 — a 62.7 per cent increase compared to the same period in 2024. According to Engel & Völkers Middle East, the city is now outpacing global peers in scale, demand, and long-term investor confidence. The second quarter alone saw 2,388 high-end transactions, the highest ever recorded in a single quarter. Ultra-luxury now represents over 4 per cent of total market volume, up from just 1.1 per cent in 2020 — highlighting a structural shift in demand. Standout transactions in H1 2025 included a AED 425m ($115.7m) mansion sale in Emirates Hills and a AED 300m ($81.7m) beachfront villa on Palm Jumeirah. Engel & Völkers Middle East's performance reflects this surge in premium demand. The brokerage recorded a 48 per cent year-on-year increase in transactions and a 40 per centrise in net commission income (NCI) in the first half of 2025, driven by sustained activity across the luxury and upper mid-market segments. Daniel Hadi, CEO of Engel & Völkers Middle East, said: 'Dubai is no longer simply a hotspot for speculative investors but is now a permanent home for the world's elite. 'With 62 per cent growth in AED10m-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche, it is central to Dubai's real estate identity. 'From Emirates Hills to Palm Jebel Ali, we're seeing a structural shift in demand from global capital moving here for the long term.' Indian investors led the charge, followed by buyers from Germany, the UK, and Portugal. Additional demand came from Spain, Austria, and the Netherlands. Market-wide Dubai real estate growth highlights in H1 2025 Residential Sales Up 22.7 per cent YoY Transaction volume now six times higher than H1 2020 Off-plan Market 54,742 transactions, up 19.9 per cent Hotspots: JVC, Business Bay, Dubai Residence Complex Secondary Market 38,168 sales, up 26.8 per cent First H1 increase in share in years (41.1 per cent of total volume) Key areas: Dubai Marina, Downtown, MBR City Apartments 71,879 units sold, up 18.2 per cent Represents 79 per cent of all sales and over 50 per cent of total market value Villas 27.6 per cent growth in transactions Total value: AED78.3bn ($21.3bn), up 53.5 per cent Emerging villa hubs: The Oasis, Grand Polo Club, The Valley Townhouses Fastest-growing segment with 13,619 transactions, up 57.4 per cent Total value: AED42bn ($11.4bn), up 64.7 per cent Driven by launches in Damac Islands, Damac Hills 2, and The Valley The surge in ultra-luxury activity is mirrored by Dubai's broader economic trajectory. The emirate is on track to surpass 4m residents this year, its fastest population growth since 2018 (Dubai Statistics Centre). Simultaneously, the UAE is expected to attract 9,800 new millionaires in 2025, more than any other country, reinforcing its status as a premier wealth haven. This ongoing inflow is underpinned by favourable tax conditions, lifestyle advantages, and long-term economic policies aligned with global capital migration trends. Recent initiatives like the First Home Buyer Programme, US–UAE AI Acceleration Framework, and Dubai's top global ranking for entrepreneurship continue to draw global capital and talent. Hadi said: 'With no significant oversupply risks on the horizon and demand surging across every segment, Dubai's residential market is set to remain on an upward trajectory,'
