Latest news with #JumeirahIslands
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai apartments rapidly reaching 11-year price peaks
More apartment communities in Dubai are rapidly approaching or surpassing their 11-year price peaks, a report showed on Monday. At the same time, villa values have surged to stand 63 per cent above their 2014 highs. The ValuStrat Price Index reached 214.1 points in April, marking a 1.6 per cent monthly increase and a 25.3 per cent rise year on year. Villa values climbed to 280.5 points, while apartments reached 170.9 points, all benchmarked to a base of 100 points in January 2021. Villa capital values grew 2 per cent monthly, with an annual increase of 29.8 per cent. The strongest annual performers included villas in Jumeirah Islands (41.7 per cent), Palm Jumeirah (41.3 per cent), Emirates Hills (29.6 per cent), and The Meadows (28.9 per cent). Meanwhile, the lowest gains were recorded in Mudon (8.9 per cent), which has remained relatively stable for the eighth consecutive month. Dubai's freehold villas are, on average, valued 63 per cent above the previous market peak in 2014 and 170 per cent higher than post-pandemic levels. Apartment prices rose by 1.1 per cent monthly, recording an annual growth of 20.9 per cent. The highest yearly capital gains were seen in The Greens (26.5 per cent), Dubailand Residence Complex (24.8 per cent), Palm Jumeirah (24.5 per cent), Town Square (23.7 per cent), and The Views (23.6 per cent). In contrast, the lowest capital value increases were recorded in International City (13.5 per cent) and the Burj Khalifa (16.9 per cent). 'Apartment valuations are, on average, 69.2 per cent above post-pandemic levels, but 7 per cent below the previous market peak during 2014, however, The Views is the latest community to cross previous price highs after Palm Jumeirah, The Greens, and Jumeirah Beach Residence,' a ValuStrat report said. Off-plan vs ready homes Oqood registrations for off-plan homes rose by 22.6 per cent monthly and 61.5 per cent annually in April, accounting for 71.6 per cent of total residential sales. Meanwhile, ready secondary-home transactions also rebounded, increasing 12 per cent from the previous month and 49.6 per cent annually, following a slower March impacted by the holy month of Ramadan. Prime home sales There were 31 transactions for ready properties priced over Dh30 million, situated in Dubai Hills Estate, Palm Jumeirah, Jumeirah Bay Island, Downtown Dubai, Al Barari, Dubai South, Business Bay, District One, and Jumeirah Golf Estates. April 2025 saw Emaar (13.4 per cent), Damac (10.8 per cent), Binghatti (7 per cent), Nakheel (4.3 per cent), Azizi (3.5 per cent) and Danube (2.6 per cent) lead the developer sales charts overall. Top locations Top off-plan locations transacted included projects in Jumeirah Village Circle (9.5 per cent), Damac Island City (8.1 per cent), Dubai Production City (6.1 per cent), Business Bay (5.2 per cent), and Dubailand Residence Complex (4.6 per cent). Dubai Marina broke its individual record with the highest number of off-plan homes traded in one month. Meanwhile, most ready homes sold were in Jumeirah Village Circle (8.5 per cent), Business Bay (8 per cent), Dubai Marina (5 per cent), Meydan One (4.3 per cent), and Downtown Dubai (3.6 per cent). Business Bay broke its individual record with the highest number of ready homes traded in one month
Khaleej Times
13-05-2025
- Business
- Khaleej Times
Discover why Serenia District at Jumeirah Islands is Dubai's most compelling investment yet
With its prime location, luxury amenities, and exceptional design, the project promises strong value growth, offering investors an exclusive, high-potential residential opportunity at the heart of Dubai. In a city that thrives on ambition and innovation, few addresses can truly promise both lasting value and an elevated way of life. Enter Serenia District at Jumeirah Islands, the latest visionary project by Palma Development, and the crown jewel in a legacy of ultra-premium waterfront communities. Built on the remarkable success of Serenia Residences and Serenia Living, this new district is not just a place to live it's a rare chance to invest in a lifestyle designed to appreciate in every sense of the word. A Legacy of Strong Returns Dubai's ultra-luxury real estate market boasts numerous success stories, but few stand out like Serenia Living. Since its launch in 2022, it has swiftly emerged as one of the city's most sought-after beachfront properties, selling out in record time. Early investors who seized the opportunity at launch prices (Dh4,000–4,500 per sq ft) are now reaping exceptional rewards, with units transacting for as much as Dh5,600 per sq foot by 2024. Upon completion, projections show prices could soar to Dh8,000–10,000 per sq foot, a potential equity growth of up to 100% from initial investment 3 years ago Now, that momentum continues with Serenia District. Backed by Palma's proven track record, this integrated waterfront community in Jumeirah Islands is poised to mirror and even exceed the capital appreciation seen in previous projects. "At Palma Development, we have always believed that exceptional locations are the foundation of long-term value," says Rana Hariz, Executive Director, Palma Development. "Serenia District continues this legacy by bringing an integrated, design-led community to the heart of Jumeirah Islands, an address that perfectly balances natural beauty with connectivity to Dubai's key destinations." Why Serenia District Is a Smart Investment Set across more than 600,000 sq ft of prime waterfront land with a built-up area of 3.5 million sq ft, Serenia District comprises six mid-to-high rise towers infused with elegant architecture, expansive layouts, and an extensive set of premium amenities. From panoramic lake views and wellness pavilions to resort-style pools and lush green landscapes, the development is designed for both serenity and sophistication. But beyond the luxurious finishes and curated experiences lies the real draw for savvy investors: location, capital appreciation, and legacy value. Located within the tranquil-yet-connected Jumeirah Islands, Serenia District offers seamless access to Palm Jumeirah, Dubai Marina, and Downtown Dubai, making it ideal for both residents and rental investors. The area has consistently demonstrated impressive capital growth, with a limited supply of premium properties ensuring long-term value preservation and appreciation. A standout feature of the Serenia District is the Serenia Signature Clubhouse, a four-level sanctuary exclusively available to residents. This thoughtfully designed space promotes both well-being and community engagement. It includes dedicated fitness areas, spa facilities, panoramic rooftop cafés, family lounges, and game rooms. More than just an amenity, this lifestyle hub is intended to enrich the everyday lives of residents while also enhancing the long-term value of the community, making it an exceptional choice for both homeowners and discerning investors. Serenia District occupies one of the last plots in the heart of Dubai, a rare opportunity in a city where such ideal locations are becoming increasingly scarce. This strategic location places Serenia District mere moments away from key business and lifestyle hubs such as DMCC, JLT, and Dubai Marina, with easy access to Sheikh Zayed road, further enhancing its appeal and long-term investment value. The Serenia Difference What sets Serenia District apart is its meticulous design philosophy, a fusion of architectural brilliance inspired by Japanese principles, wellness-driven spaces, and integrated community living. Every Palma project is powered by partnerships with world-renowned consultants and designers, ensuring each detail reflects enduring quality and elevated taste. The planning of Serenia District was born out of a clear vision: to merge the calming charm of waterfront life with the energy and accessibility of the city. Residents here enjoy the best of both worlds, a low-density, nature-rich sanctuary with the convenience of urban living. This seamless integration makes Serenia District more than just another residential address, it's a lifestyle investment, one that enhances everyday living while building significant value over time. A Rare Opportunity for Discerning Investors Whether you're a seasoned investor looking to expand your portfolio or a discerning end-user searching for a dream home that appreciates in value, Serenia District checks every box. Its location in the prestigious Jumeirah Islands, paired with Palma's legacy of delivering high-return luxury projects on time, makes it one of Dubai's most promising real estate opportunities in 2025 and beyond. In today's competitive market, finding a property that offers both emotional fulfillment and financial return is rare. But Serenia District offers exactly that, a sophisticated, nature-infused lifestyle coupled with strong investment fundamentals. As Palma Development continues to redefine waterfront living with every launch, Serenia District at Jumeirah Islands stands as a shining example of refined living, a place to call home, and an investment that grows with you.
