Latest news with #HREDevelopment
Gulf Business
07-08-2025
- Business
- Gulf Business
Dubai real estate is entering a new era of strategic growth
Wissam Breidy, CEO of HRE Development/Image: Supplied I was recently talking to friends in Beirut and had one of those conversations that stays with you. I was asked, 'Why is everyone talking about Dubai? Is it just hype or is there something more?' It's a fair question. Most people notice the headlines, the skyscrapers, the glamour. But they rarely see what lies beneath – the solid business fundamentals driving this momentum. As someone operating in the heart of this market every day, I'd like to offer some perspective for those on the outside looking in. Dubai is not just expanding; it's evolving with intent. In 2025, that story continues to unfold with purpose and precision. Every neighbourhood reflects ambition, innovation, and resilience. This is not hype – it's trust, earned during one of the world's biggest stress tests. After COVID, the UAE didn't recover – it reset the rules of growth While much of the world was locked in paralysis during the pandemic, the UAE acted – decisively rolling out mass testing, vaccinations, and policies to support business continuity. That wasn't just effective crisis management, it was proof of savvy execution – and it transformed how the world sees this place. The results speak for themselves. In just the first quarter of 2025, Dubai welcomed 89,695 new residents – an average of 1,000 people a day – bringing the population to 3.92 million by the end of March. This is the driving force behind one of the most alluring real estate markets on the planet. Dubai offers something rare: stability in a volatile world You can invest here without worrying about currency controls or political uncertainty. No income tax. No capital gains tax. That changes the investment math instantly. Rental yields average between 6 and 8 per cent net – and these returns are backed by real end-user demand. Families are settling here, not just passing through. Residential capital values rose 5 per cent quarter-on-quarter and 25.9 per cent year-on-year in Q1 2025, according to the ValuStrat Price Index. Apartments posted a 21.4 per cent annual gain, and villas jumped 30.3 per cent – figures that signal confidence, not just movement. Transaction volumes tell another story. Over Dhs70.8bn in real estate deals were recorded in the first half of 2025, with apartments accounting for nearly 78 per cent of sales. Average ticket sizes for both off-plan and ready homes reached Dhs2.7m, reflecting sustained investor appetite and a growing trend toward ownership. From velocity to value: a market maturing by design The market is shifting from velocity to value, focusing on long-term growth, smarter development cycles, and measured delivery. And crucially, this evolution is being guided with intent. The government's 2040 Urban Master Plan sets out a vision to double Dubai's population and create a more inclusive, sustainable urban landscape. That strategy informs how infrastructure, mobility, and housing are planned. Developers are responding. By the end of Q1, nearly 12,000 new units were handed over – representing 19 percent of the 61,580 homes expected for the year. Areas like JVC, Business Bay, and Dubai South are leading the charge. Read: Looking ahead, more than 170,000 units are currently under construction across the emirate, with completions expected through 2029. The mix – 70 per cent apartments and 30 per cent villas/townhouses – is aligned with demographic shifts and affordability needs. And affordability itself is evolving. Apartment rents rose 10 percent in Q1, and villa rents 5.1 per cent. The appetite for ownership is growing, especially among first-time buyers and young professionals. Developers are responding with more innovative, tech-integrated, and community-centric designs. Homes are becoming smarter, more flexible, and more human – not just priced to sell but built to live in.
ME Construction
16-06-2025
- Business
- ME Construction
HRE Development unveils Tower B at SkyHills Astra
Property HRE Development unveils Tower B at SkyHills Astra By HRE Development said it has also partnered with Dubai Cares to support its global education programs HRE Development has unveiled Astra Tower B at the SkyHills Astra project, which is located in Dubai Science Park. The move is said to follow the successful launch of Tower A. SkyHills Astra has garnered attention for its exquisite design and unparalleled accessibility, located opposite Dubai Hills Estate. The building will offer a variety of amenities to suit everyone, including a gym, yoga retreat, padel court, pools, and a unique dual track podium spanning over 500m. The podium will feature one lane for running and another for grounding. Each residence is fully furnished, the developer said. 'Opening Tower B highlights the community's amazing response to our vision,' said Wissam Breidy, CEO of HRE Development. 'The high demand for beautifully designed residences offering a holistic lifestyle has led to this expansion, providing more opportunities for buyers to invest in a purpose-driven community.' HRE Development has partnered with Dubai Cares, committing US $8.17mn to support its global education programs. This partnership aims to provide residents with amenities and breathtaking views, all while ensuring that their investment directly contributes to the education of children in developing countries. Each resident will receive a personalised certificate from Dubai Cares, acknowledging their valuable contribution to this noble cause.
Mid East Info
09-06-2025
- Business
- Mid East Info
After the success of Tower A, HRE Development launches Tower B of SkyHills Astra in response to soaring demand
The stunning residential complex in Dubai Science Park boasts state-of-the-art amenities, skyline views, and embodies the company's ethos of 'building with purpose. Dubai, UAE: Following the overwhelming success of Tower A, and due to soaring demand, HRE has launched Astra Tower B at the stylish SkyHills Astra, strategically located in Dubai Science Park. SkyHills Astra has garnered attention for its elegant design and exceptional accessibility, featuring a connection to a metro station and a prime location opposite Dubai Hills Estate. The building offers a range of amenities to cater to every taste, including a gym, yoga retreat, padel court, pools, and a unique dual-track podium over 500 metres, which provides one lane for running and another for grounding. Each residence comes fully furnished with an attractive payment plan directly from the developer. HRE Development has partnered with Dubai Cares, committing AED 30 million to support its global education programs. That means residents will enjoy state-of-the-art amenities and breathtaking views – all while knowing their investment positively impacts children's education in developing countries. Personalised certificates from Dubai Cares will acknowledge each resident's contribution to this cause. 'Opening Tower B highlights the community's amazing response to our vision,' said Wissam Breidy, CEO of HRE Development. 'The high demand for beautifully designed residences offering a holistic lifestyle has led to this expansion, providing more opportunities for buyers to invest in a purpose-driven community.' About HRE Development: HRE Development L.L.C., founded in 2021 and backed by a leading construction firm, has quickly established a reputation for excellence in shaping Dubai's skyline. With a focus on creating exceptional living spaces, HRE Development has completed over 200 projects, positively impacting approximately 12,000 families. Built on trust, integrity, and a commitment to quality and innovation, HRE Development blends aesthetics with functionality in its state-of-the-art designs. Sustainability is central to its projects, utilising eco-friendly materials and innovative practices to minimize environmental impact. By incorporating the latest technology, HRE creates smart living spaces that enhance residents' quality of life and foster vibrant communities. Beyond financial success, HRE Development is dedicated to creating social value through integrated social initiatives and a strong commitment to Corporate Social Responsibility, including an AED 30 million partnership with Dubai Cares to support education in developing countries. About Dubai Cares: Since 2007, Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has aimed to provide quality education for children and youth in developing countries through sustainable programs. It has benefited over 116 million individuals in 60 countries. Supporting the United Nations Sustainable Development Goal (SDG) 4, Dubai Cares focuses on early childhood development, access to education, vocational training, and education during emergencies. It employs a school health model that includes deworming, school feeding, and WASH (Water, Sanitation & Hygiene) initiatives. As a registered non-government organization under IACAD, Dubai Cares is authorized to raise funds through donations and campaigns. Volunteerism is crucial for engaging the community in addressing development challenges, and Dubai Cares mobilizes the UAE community through various initiatives aligned with its mission.
Zawya
09-06-2025
- Business
- Zawya
After the success of Tower A, HRE Development launches Tower B of SkyHills Astra in response to soaring demand
Dubai, UAE: Following the overwhelming success of Tower A, and due to soaring demand, HRE has launched Astra Tower B at the stylish SkyHills Astra, strategically located in Dubai Science Park. SkyHills Astra has garnered attention for its elegant design and exceptional accessibility, featuring a connection to a metro station and a prime location opposite Dubai Hills Estate. The building offers a range of amenities to cater to every taste, including a gym, yoga retreat, padel court, pools, and a unique dual-track podium over 500 metres, which provides one lane for running and another for grounding. Each residence comes fully furnished with an attractive payment plan directly from the developer. HRE Development has partnered with Dubai Cares, committing AED 30 million to support its global education programs. That means residents will enjoy state-of-the-art amenities and breathtaking views – all while knowing their investment positively impacts children's education in developing countries. Personalised certificates from Dubai Cares will acknowledge each resident's contribution to this cause. 'Opening Tower B highlights the community's amazing response to our vision,' said Wissam Breidy, CEO of HRE Development. 'The high demand for beautifully designed residences offering a holistic lifestyle has led to this expansion, providing more opportunities for buyers to invest in a purpose-driven community.' About HRE Development HRE Development L.L.C., founded in 2021 and backed by a leading construction firm, has quickly established a reputation for excellence in shaping Dubai's skyline. With a focus on creating exceptional living spaces, HRE Development has completed over 200 projects, positively impacting approximately 12,000 families. Built on trust, integrity, and a commitment to quality and innovation, HRE Development blends aesthetics with functionality in its state-of-the-art designs. Sustainability is central to its projects, utilising eco-friendly materials and innovative practices to minimize environmental impact. By incorporating the latest technology, HRE creates smart living spaces that enhance residents' quality of life and foster vibrant communities. Beyond financial success, HRE Development is dedicated to creating social value through integrated social initiatives and a strong commitment to Corporate Social Responsibility, including an AED 30 million partnership with Dubai Cares to support education in developing countries. About Dubai Cares Since 2007, Dubai Cares, part of Mohammed bin Rashid Al Maktoum Global Initiatives, has aimed to provide quality education for children and youth in developing countries through sustainable programs. It has benefited over 116 million individuals in 60 countries. Supporting the United Nations Sustainable Development Goal (SDG) 4, Dubai Cares focuses on early childhood development, access to education, vocational training, and education during emergencies. It employs a school health model that includes deworming, school feeding, and WASH (Water, Sanitation & Hygiene) initiatives. As a registered non-government organization under IACAD, Dubai Cares is authorized to raise funds through donations and campaigns. Volunteerism is crucial for engaging the community in addressing development challenges, and Dubai Cares mobilizes the UAE community through various initiatives aligned with its mission.
Arabian Business
23-05-2025
- Business
- Arabian Business
Dubai real estate developer launches Al Jaddaf Waterfront project with 44 homes
Dubai real estate firm HRE Development has launched Celeste, an exclusive waterfront residence in Al Jaddaf. Celeste is limited to just 44 exclusive residences and is positioned between Downtown Dubai and the Al Jaddaf Waterfront, while offering views of Dubai Creek. Beyond the residences, curated wellness amenities include: A waterfront pool Modern fitness and yoga spaces Landscaped courtyards Dedicated children's play zone Celeste in Al Jaddaf, Dubai Wissam Breidy, CEO of HRE Development, said: 'Celeste isn't just another project – it's a limited collection for those who move early, think differently, and value meaning over mass. It is for those who see their home as an extension of their values – calm, elevated, and timeless.' Celeste is set for completion in Q2 2027.
