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Khaleej Times
27-05-2025
- Business
- Khaleej Times
Abu Dhabi residential market shows resilience amid supply constraints
Average real estate sales rates across the Abu Dhabi market rose to Dh16,200 per sqm in Q1 2025 from Dh14,100 per sqm in Q1 2024, representing a 13.4 per cent year-on-year increase, a report showed on Tuesday. According to Savills' latest Abu Dhabi Residential Market in Minutes – Q1 2025 report, the share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. The report reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. In the villa segment, capital values increased by seven per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Arabian Business
27-05-2025
- Business
- Arabian Business
Abu Dhabi real estate transactions fall, prices rise; best-performing areas in Q1 revealed
Abu Dhabi residential real estate transaction volume fell by almost 40 per cent, but prices increased in Q1 2025, according to the Savills Abu Dhabi Residential Market in Minutes – Q1 2025 report. The Savills research shows that, while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8 per cent GDP increase in 2024, with the UAE's economy forecast to grow by 4.7 per cent in 2025, according to Oxford Economics. Abu Dhabi real estate supply The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39 per cent year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED14,100 ($3,840) per sqm in Q1 2024 to AED16,200 ($4,410) per sqm in Q1 2025, representing a 13.4 per cent year-on-year increase. The share of ready property transactions grew to 68 per cent, compared to 44 per cent in 2024 and 25 per cent in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7 per cent on Al Reef, 10 per cent on Yas Island, and 26 per cent on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22 per cent, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63 per cent of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, said: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities.
Zawya
27-05-2025
- Business
- Zawya
Abu Dhabi residential market shows resilience amid supply constraints, reports Savills
Savills latest Abu Dhabi Residential Market in Minutes – Q1 2025 reveals that while transaction volumes have moderated, the market continues to show resilience, supported by sustained demand, limited new supply, and the emirate's growing international appeal. Abu Dhabi recorded a 3.8% GDP increase in 2024, with the UAE's economy forecast to grow by 4.7% in 2025, according to Oxford Economics. The emirate was also named the world's safest city for the ninth consecutive year, reinforcing its position as a destination of choice for individuals and businesses alike. Continued investment in cultural, educational, and lifestyle infrastructure, including the Saadiyat Cultural District and the announcement of Harrow International School's first GCC site, is further contributing to the city's appeal as a place to live and invest. In Q1 2025, just under 1,500 residential units were transacted within Abu Dhabi Municipality, reflecting a 39% year-on-year decline and the lowest quarterly figure since Q2 2022. Only 10 new projects entered the market during the period, delivering fewer than 3,000 units, impacting transaction levels. This limited pipeline has resulted in a competitive landscape across the leasing, secondary sales, and off-plan segments, with waiting lists for good quality buildings re-emerging and off-plan units increasingly trading at a premium. Average sales rates across the market rose from AED 14,100 per sqm in Q1 2024 to AED 16,200 per sqm in Q1 2025, representing a 13.4% year-on-year increase. The share of ready property transactions grew to 68%, compared to 44% in 2024 and 25% in 2023, indicating stronger demand for move-in ready stock. In the villa segment, capital values increased by 7% on Al Reef, 10% on Yas Island, and 26% on Saadiyat Island, highlighting continued demand for prime, lifestyle-led developments. For apartments, Saadiyat Island saw the highest year-on-year growth at 22%, while values across Al Raha, Reem Island, and Yas Island remained steady. Overall, apartment transactions accounted for 63% of activity in Q1 2025, with completed units making up the majority. Ali Ishaq, Head of Residential Agency, Abu Dhabi at Savills Middle East, commented: 'Demand is clearly present, particularly within well-connected and master-planned communities. The shortage of new launches has channelled activity towards the ready market, and we are seeing this reflected in both transaction share and rising capital values.' According to the report, interest in the Abu Dhabi residential market continues to be supported by broader shifts in sentiment among expatriate families, driven by recent visa reforms and the development of the education sector. The announcement of a Disney theme park on Yas Island and the entry of international developers into the market are also expected to enhance future demand. Savills anticipates continued activity in the ready market over the coming months, with demand likely to remain strong for high-quality residential product, particularly within established communities. Read the complete findings of the reports here: Abu Dhabi Residential Market Q1 2025 Report About Savills Middle East: Savills plc is a global real estate services provider listed on the London Stock Exchange. With a presence in the Middle East for over 40 years, Savills offers an extensive range of specialist advisory, management and transactional services across the United Arab Emirates, Oman, Bahrain, Egypt, and Saudi Arabia. Expertise includes property management, residential and commercial agency services, property and business assets valuation, and investment and development advisory. Originally founded in the UK in 1855, Savills has an international network of over 700 offices and associates employing over 40,000 people across the Americas, UK, Europe, Asia Pacific, Africa, and the Middle East. For further information, please contact: Savills press office:
Arabian Business
14-04-2025
- Business
- Arabian Business
Taaleem to open second Harrow International School in Dubai in 2026
The UAE education services major Taaleem Holdings PJSC (Taaleem) announced the expansion of its super-premium segment with plans to launch a second Harrow International School in Dubai. The school is set to begin operations at the start of the 2026 academic year, Taaleem said in a statement issued to the Dubai Financial Market (DFM). The announcement follows the initial approval from the Knowledge and Human Development Authority (KHDA) and the signing of a land lease agreement for a prime 50,000 sqm plot on Hessa Street. The second Harrow International School is expected to have a student intake capacity of 1,800. Harrow Dubai, featuring state-of-the-art facilities designed to provide an outstanding educational experience, will offer a British-style curriculum deeply rooted in a long-standing tradition of academic excellence and leadership development, the school operator said. The campus, designed by the renowned KODA architects, will include purpose-built classrooms, sports and arts facilities, and leadership programmes that embody Harrow's core values and standards, it added. The value-accretive addition of Harrow Dubai will not only enhance Taaleem's portfolio but also strengthen its resilience through further diversification of educational options, ensuring sustained value for its stakeholders.
The National
12-02-2025
- Business
- The National
UK's renowned Harrow School to open Abu Dhabi branch next year
The UK's prestigious Harrow School will open an international campus in Abu Dhabi next year, which will be the emirate's first boarding school. The 453-year-old institution, which has alumni including royalty and world leaders such as Winston Churchill and Jawaharlal Nehru, will be based on Saadiyat Island and cater for 1,800 pupils. Harrow International School Abu Dhabi is set to open its doors in the middle of next year, with enrolment beginning in October. No details on tuition fees have been released, but the school is being labelled 'super premium'. The flagship school will be the first international Harrow branch in the Middle East and will be operated by UAE education provider Taaleem. Taaleem acquired the rights to own and operate Harrow International Schools across the Emirates, Saudi Arabia, Bahrain, Oman, Qatar and Kuwait in a deal confirmed last year. 'The launch of Harrow International School Abu Dhabi, the first Harrow International School in the GCC, marks our strategic expansion into the super-premium education sector," said Khalid Al Tayer, chairman of Taaleem. Edward Hobart, British Ambassador to the UAE, said the school will be primed to mould the next generation of leaders. "The opening of Harrow International School in the UAE is a testament to the strong educational ties between the UK and the UAE and our shared aspiration for academic excellence," Mr Hobart said. "As the alma mater of Winston Churchill, Harrow has a legacy of building character and educating leaders. By establishing this school, Abu Dhabi will benefit from the finest traditions of British education which should help to shape the next generation of the UAE's leaders. This exposure to Emirati and British influence will inspire students to reach their full potential and contribute to a brighter future.' The announcement was made on Wednesday following approval from the Abu Dhabi Department of Education and Knowledge (ADEK) and the signing of a land lease agreement for a plot on Saadiyat Island. The launch is being hailed as a milestone for Abu Dhabi Investment Office's Musataha programme, which allows UAE national investors to develop long-term infrastructure projects on public land. The opening of the school aims to support the development of the UAE's expanding education sector and "attract high-net-worth individuals", Taaleem said. The school will be built on a 70,000 square metre plot and will initially cater to students from early years to Year 6, with gradual expansion through the higher years. An 'Expression of Interest' process for families and students will open shortly and will be followed by the opening of enrolments in October 2025. The school will offer a British curriculum and provide extensive co-curricular programmes to the UAE, Taaleem said. "Class sizes will be optimised to ensure personalised attention, with a focus on academic rigour and holistic development," the school group stated.
