Latest news with #InternationalPropertyShow
Gulf Today
13-05-2025
- Business
- Gulf Today
New MOU between Shory and Dubai Land Department brings seamless home insurance to Dubai residents
In a strategic move set to redefine how residents access home insurance in the UAE, Shory , a leading player in the insurtech space has signed a Memorandum of Understanding (MOU) with the Dubai Land Department (DLD) . The agreement was officially sealed during a signing ceremony at the International Property Show, held at the Dubai World Trade Centre, with Shory Group CEO Abdulelah Alghofaili and CEO of the Real Estate Registration Sector at Dubai Land Department Mr. Majid Al Marri. Under the MOU, Shory has partnered with DLD to support delivering insurance solutions that reflect the Dubai government's broader vision for innovation and service excellence. By collaborating with Shory, the Dubai Land Department (DLD) aims to ease the everyday challenges faced by real-estate professionals, individuals and families insuring residential units and homes. 'Dubai has always been a city of bold ideas and transformative digital initiatives,' said Abdulelah Alghofaili, Group CEO of Shory. 'With its unmatched dynamism and forward-thinking governance, I believe Dubai is uniquely positioned to redefine how essential services like insurance are delivered. This partnership with the Dubai Land Department is more than a collaboration - it's a shared vision to make insurance intuitive, accessible and designed for the modern resident.' Shory is a fully online insurtech that currently helps UAE residents protect their home, car, health and pets, offering users a paperless and hassle-free route to instant insurance. Mr. Majid Al Marri, CEO of the Real Estate Registration Sector at DLD, hailed the partnership as 'A natural next step in our mission to create smart government services that align with the Dubai Real Estate Sector Strategy 2033 and Dubai's vision evolving expectations of Dubai's residents. With Shory's technology and customer-centric business model, we're making essential services not just available, but effortless.' Shory is set to drive increased insurance adoption among property stakeholders and support Dubai's broader vision of becoming a global benchmark for smart city living.
Web Release
12-05-2025
- Business
- Web Release
Dubai Real Estate Sets New Record with AED 62.1 Billion in April Sales
News Business and Economics By Editor_wr On May 12, 2025 Dubai's real estate sector reached a historic high in April 2025, recording AED 62.1 billion in total sales transactions—marking the highest monthly figure ever, according to data released by Property Finder in collaboration with the Dubai Land Department (DLD). This represents a 94% year-on-year increase in sales value and a 54% rise in transaction volume compared to April 2024. This exceptional growth was driven by robust activity across both primary (off-plan) and secondary (ready) markets, underscoring Dubai's strong investor appeal and the city's continued evolution as a global property investment hub. The primary market led the way, with AED 34.2 billion in sales—up 124% from April 2024. High-value transactions in future-focused, branded communities such as Palm Jebel Ali and The Oasis by Emaar played a significant role in this surge. Palm Jebel Ali accounted for 19% and The Oasis for 13% of the total transaction value, despite representing just 2% and 4% of the transaction volume respectively. This highlights growing investor demand for premium off-plan developments. The secondary market also posted record figures, reaching AED 28 billion in value across more than 7,700 transactions—rising 67% in value and 66% in volume compared to the same period last year. A standout transaction was the AED 1.45 billion land deal in DMCC-EZ2 for Sobha Central's upcoming project in Jebel Ali. Additionally, strong resale activity in communities such as Palm Jumeirah, Jumeirah Village Circle (JVC), and Dubai Marina further boosted the market. Apartments remained the most sought-after property type for both buyers and renters in April. They accounted for 78% of rental searches and 59% of purchase interest. Studio apartments comprised 21% of rental demand, yet attracted only 14% of buyer interest. This imbalance signals promising yield opportunities for investors, especially in smaller units where rental demand continues to outpace buying activity. Two-bedroom apartments proved highly desirable as well, making up 35% of buyer interest and 31% of rental demand. This trend reflects growing preferences for functional, mid-sized living spaces in Dubai's urban landscape. Commenting on the market performance, Cherif Sleiman, Chief Revenue Officer at Property Finder, said: 'Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal.' He further added: 'The Dubai Land Department's introduction of AI-enabled governance for real estate advertising will enhance market transparency, a principle we strongly support. Combined with strategic partnerships signed at the International Property Show, we expect smarter regulation and higher service standards to further cement Dubai's global investment status.' Property Finder continues to empower users with data-driven tools through platforms like Data Guru, which offers real-time insights into top-performing communities and listings. The tool is available at and via the Property Finder mobile app on Google Play and Apple Store. Dubai Real Estate Sets New Record with AED 62.1 Billion in April Sales Comments are closed.
Economy ME
06-05-2025
- Business
- Economy ME
Dubai real estate sets new record: April sales transactions surge 94 percent to $16.91 billion
Dubai's real estate sector recorded AED62.1 billion ($16.91 billion) in total sales transactions last month, the highest ever monthly total for the emirate. This marks a 94 percent year-on-year surge in value compared to April 2024, and a 54 percent rise in transaction volume, according to Dubai Land Department (DLD) data. This record-breaking performance underscores the city's thriving real estate sector, with growth witnessed across both primary and secondary markets. 'Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal,' stated Cherif Sleiman, chief revenue officer at Property Finder. Primary segment drives surge According to the latest report by Property Finder, the primary property segment led the charge on Dubai real estate, with sales touching AED34.2 billion in value, a 124 percent increase from April 2024. This was fuelled by marquee transactions in destinations like Palm Jebel Ali and The Oasis by Emaar. Palm Jebel Ali and The Oasis by Emaar accounted for 19 percent and 13 percent of the total value, respectively, despite representing less than 2 percent and 4 percent of the total transaction volume of primary transactions, highlighting investor appetite for future-forward, branded communities. Secondary segment posts record AED28 billion Meanwhile, the secondary segment performed equally as well, with a record AED28 billion in sales value across more than 7,700 transactions, up 67 percent in value and 66 percent in volume from April 2024. While a landmark AED1.45 billion land transaction in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali stood out, strong resale activity in key communities such as Palm Jumeirah, JVC and Dubai Marina also contributed significantly to overall real estate transaction value. 'The Dubai Land Department's recent initiative of introducing AI-enabled governance of real estate advertising will enhance transparency and credibility in real estate advertisements across key marketing platforms, a focus that we have always aligned with. Further supported by the strategic partnerships signed by DLD at the International Property Show, we are witnessing greater transparency, smarter regulation, and higher service standards across the board. These far-sighted initiatives will contribute to Dubai's growing status as one of the world's most investor-friendly real estate markets,' added Sleiman. Apartments dominate home searches Property Finder also revealed that apartment living continued to be the preferred choice across both the buyer and renter categories, with apartments accounting for nearly 78 percent of rental searches and 59 percent of purchase interest in April 2025. Studio apartments comprised 21 percent of all rental searches on Property Finder, but just 14 percent of buyer interest. This gap signals strong yield opportunities for investors in smaller units, where rental demand appears stronger than buyer interest. Meanwhile, two-bedroom apartments attracted 35 percent of buyer searches and 31 percent of rental demand. Read: Sharjah real estate market hits $234.6 million in Q1 2025, up 159.2 percent year-over-year Dubai real estate transactions hit AED142.7 billion in Q1 In its quarterly report, Property Finder revealed that Dubai's real estate market continued to rank among the top-performing markets globally, with Q1 2025 witnessing a significant surge in total sales transactions. The transaction volume reached 45,474, marking a 22 percent year-on-year increase, while the total value rose by 30 percent, hitting AED142.7 billion. The market maintained its positive momentum, with Q1 performance exceeding the quarterly average transactions for both volume and value in 2024. Notably, the transaction value in Q1 2025 was 9 percent higher than the average quarterly value recorded in 2024, underscoring the market's ongoing strength and investor confidence. Notably, Dubai's off-plan market continued to deliver outstanding performance, recording its highest first-quarter performance in a decade, with off-plan sales accounting for 56 percent of total transaction volume. The number of off-plan transactions reached 25,440, up from 20,557 in Q1 2024, reflecting a 24 percent year-on-year increase, driven by strong long-term confidence among medium – and long-term investors. In terms of value, the off-plan segment also witnessed remarkable growth, with a 24 percent increase year-on-year, reaching AED55.2 billion compared to AED44.5 billion in Q1 2024. This represented 39 percent of the total transaction value in Q1 2025, highlighting the continued attractiveness of Dubai's future development pipeline.
Mid East Info
30-04-2025
- Business
- Mid East Info
Hayaat Developments unveils Isolana Residences on Dubai Islands - Middle East Business News and Information
The UK-born developer leverages its decades of global expertise to breathe life into the highly sought-after Dubai Islands Dubai, UAE, April, 2025: Hayaat Developments, an innovative and trusted bespoke luxury developer and the real estate arm of the Hayaat Group – a UAE-based principal investment firm, has officially launched Isolana Residences, its new flagship residential tower project on Dubai Islands, built at a value of AED 135 million, adding yet another major milestone to the group's international multi-billion AED development portfolio. Isolana Residences is a bespoke project occupying one of the most coveted, prominent corner plots within the entire Dubai Islands community, with a total gross floor area of approximately 100,000 square feet. The 71 units comprise a mix of 39 one-, 22 two- and 6 three-bedroom homes, as well as 4 lavish penthouses on the top floor. Carrying the signature design of Ashai Design's world-renowned L.A.-based architect Mr. Tony Ashai, who has designed several key projects across the UAE, including the JW Mariott Marquis Hotel on Marjan Island and Reem Hills in Abu Dhabi, Isolana Residences is set to be a one-of-a-kind, well-thought-through architectural marvel that will add unique value to Dubai's luxury real estate landscape. Commenting on the project's distinctive 'dancing balconies' design, Mr. Ashai said: 'Isolana was designed to be in keeping with the resort-like ambiance of the island, with a novel overlapping feel of its balconies. The ingenuity of its design is one that won't be replicated on the island again and will firmly stand as an aesthetic pinnacle of originality.' Isolana Residences also distinguishes itself with its indoor courtyard concept, as well as its wide plethora of resort-inspired amenities, including its 55-meter-long infinity swimming pool, zen garden, resident club lounge, padel court, and indoor and outdoor children's play areas. Investors can also opt for their very own, private plunge pools. Co-founder and CEO of Hayaat Developments, Mr. Afzaal Hussain, a real estate veteran with over 15 years of experience in senior leadership roles in the industry, is proud to lead the company in its journey of crafting and delivering premium living experiences in the UAE. 'At Hayaat, we're not just building properties. We're crafting quality experiences that merge innovation, sustainability and design excellence. Isolana is our latest stride in this mission of ours – we are now eagerly turning it from its concept into a reality for all those who will call it their home, in an ambitious, yet holistically well-planned timeline', he says. Mr. Shahid Nawaz, who leads sales and marketing at Hayaat Developments, has seen an overwhelmingly positive response from the market since the project's initial soft launch at the International Property Show this year, saying: 'The substantial volume of both local and international inquiries and serious interest we've received so far is a testament to the strong demand for a product that doesn't compromise on quality. We strive to be a trailblazer in this regard and look forward to gradually launching this exceptional project's units for sales.' 'Isolana will deliver a truly resident-centric, modern living offering that fosters a sense of belonging and community, in line with the UAE's celebration of 2025 as the 'Year of Community', as announced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE', added Mr. Shahzaib Elahi, Co-founder and Executive Director of Hayaat Developments. Hayaat Developments is now also gearing up for its next launch – its trophy project located in the neighbourhood of the exclusive Al Barari community on Sheikh Mohammed bin Zayed Road (E 311), Villa Oasi. With full details on the project yet to be released in the coming months, Mr. Mohammed Ikhlaq, Chairman of Hayaat Group and the visionary behind Villa Oasi emphasized that it will 'creatively raise the bar in combining excellence with quality and will truly be an unparallelled luxury offering in Dubai'. About Hayaat Developments: Hayaat Developments, one of Dubai's most innovative and trusted bespoke luxury developers and the real estate arm of the Hayaat Group – a UAE-based principal investment firm, builds on over 25 years of development experience spanning the United Kingdom, the United Arab Emirates and beyond. With prominent projects such as the AED 4bn Green Student Village and No. 25 North Gate contributing to its proven track record, its latest launch – Isolana Residences on Dubai Islands, and its soon-to-be revealed Villa Oasi in Al Barari, Hayaat is committed to developing residential and commercial spaces that finely balance form and function. Combining aesthetic beauty with thoughtful design, the developer creates wholly liveable spaces that are guided by unfailing care, sustainability and meticulous attention to detail, and informed by sector experts and industrial veterans that have come together to shape the future of luxury living in Dubai. An award-winning developer, Hayaat has been recognised with prestigious accolades from the LABC Building Excellence Awards, the insider Property Industry Awards, the Green Build Awards, the Green Apple Awards, the Breeam Code for a Sustainable Built Environment Awards, The Cheshire Districts' Built in Quality Awards, and the Considerate Constructors Awards, where it has won the gold prize.
Trade Arabia
29-04-2025
- Business
- Trade Arabia
Hayaat unveils Isolana Residences on Dubai Islands
Hayaat Developments, an innovative and trusted bespoke luxury developer and the real estate arm of the Hayaat Group - a UAE-based principal investment firm, has launched Isolana Residences, its new flagship residential tower project on Dubai Islands. Built at a cost of AED135 million ($36.7 million), this project is yet another major milestone to the group's international multi-billion dirham development portfolio, the group said. Isolana Residences is a bespoke project occupying one of the most coveted, prominent corner plots within the entire Dubai Islands community, with a total gross floor area of approximately 100,000 sq ft. The 71 units comprise a mix of 39 one-, 22 two- and 6 three-bedroom homes, as well as four lavish penthouses on the top floor. Carrying the signature design of Ashai Design's world-renowned architect Tony Ashai, who has designed several key projects across the UAE, including the JW Mariott Marquis Hotel on Marjan Island and Reem Hills in Abu Dhabi, Isolana Residences is set to be a one-of-a-kind, well-thought-through architectural marvel that will add unique value to Dubai's luxury real estate landscape. Commenting on the project's distinctive 'dancing balconies' design, Ashai said: 'Isolana was designed to be in keeping with the resort-like ambiance of the island, with a novel overlapping feel of its balconies. The ingenuity of its design is one that won't be replicated on the island again and will firmly stand as an aesthetic pinnacle of originality.' Isolana Residences also distinguishes itself with its indoor courtyard concept, as well as its wide plethora of resort-inspired amenities, including its 55-meter-long infinity swimming pool, zen garden, resident club lounge, padel court, and indoor and outdoor children's play areas. Investors can also opt for their very own, private plunge pools. Co-founder and CEO of Hayaat Developments, Afzaal Hussain, a real estate veteran with over 15 years of experience in senior leadership roles in the industry, said: 'At Hayaat, we're not just building properties. We're crafting quality experiences that merge innovation, sustainability and design excellence. Isolana is our latest stride in this mission of ours – we are now eagerly turning it from its concept into a reality for all those who will call it their home, in an ambitious, yet holistically well-planned timeline.' Shahid Nawaz, who leads sales and marketing at Hayaat Developments, has seen an overwhelmingly positive response from the market since the project's initial soft launch at the International Property Show this year. He said: 'The substantial volume of both local and international inquiries and serious interest we've received so far is a testament to the strong demand for a product that doesn't compromise on quality. We strive to be a trailblazer in this regard and look forward to gradually launching this exceptional project's units for sales.' 'Isolana will deliver a truly resident-centric, modern living offering that fosters a sense of belonging and community, in line with the UAE's celebration of 2025 as the 'Year of Community', as announced by His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE', added Shahzaib Elahi, Co-founder and Executive Director of Hayaat Developments. Hayaat Developments is now also gearing up for its next launch – its trophy project located in the neighbourhood of the exclusive Al Barari community on Sheikh Mohammed bin Zayed Road (E 311), Villa Oasi. With full details on the project yet to be released in the coming months, Mohammed Ikhlaq, Chairman of Hayaat Group and the visionary behind Villa Oasi, emphasised that it will 'creatively raise the bar in combining excellence with quality and will truly be an unparallelled luxury offering in Dubai'.
