Latest news with #JumeirahVillageCircle
Gulf Business
7 days ago
- Business
- Gulf Business
Buying or renting in Dubai? The 2025 market guide you can't ignore
Image credit: Getty Images Dubai's real estate sector continues its dynamic growth trajectory in 2025, even amid a seasonal slowdown in the first quarter. Bolstered by strong macroeconomic fundamentals, an expanding population, and high investor confidence, the city is cementing its position as one of the most competitive and resilient property markets globally. Read- The UAE's overall economy is forecasted to grow by 4.7 per cent in 2025, while Dubai is expected to register a 3.3 per cent increase in GDP. This consistent economic expansion, fueled by population growth and investor interest, is further reinforcing Dubai's role as a global hub for investment and lifestyle migration. Supply growth balanced by demand Approximately 9,300 units were completed in Q1 2025, with Jumeirah Village Circle accounting for the highest number of handovers. An additional 73,000 units are expected by year-end, contributing to a projected 300,000 new units by 2028. Gross rental yields remained attractive, standing at 7.3 per cent for apartments and 5.0 per cent for villas, underscoring Dubai's appeal for buy-to-let investors amid global interest rate uncertainty. Investor-friendly policies continue to attract capital Dubai's real estate market continues to benefit from investor confidence underpinned by favorable government policies. Long-term residency programs, no income or capital gains tax, and a transparent legal framework have made the Emirate one of the most accessible and attractive investment destinations in the world. 'Few cities combine luxury, safety, connectivity, and investor-friendly policies the way Dubai does,' said Patrick Rouse, Chief Development Officer at Deyaar Development. 'In 2025, we expect smart infrastructure, sustainability initiatives, and digital government services to elevate Dubai's standing even further. For developers like Deyaar, this allows us to create next-generation communities—from tech-integrated homes to wellness-focused living in strategic growth corridors.' Off-plan projects are experiencing high demand, thanks to flexible payment plans and the opportunity to invest early in communities designed for future value appreciation. According to Rouse, Deyaar's recent off-plan launches have attracted robust interest from both end-users and international buyers looking to secure high-quality homes in an appreciating market. Luxury segment driving long-term momentum As the market matures, the focus is shifting from transaction volume to long-term value—especially in the ultra-luxury segment. High-net-worth individuals are increasingly choosing Dubai not only for secondary homes but as a base for family life and long-term residency. 'The market is evolving from volume to value,' said Mahdi Amjad, Founder and Executive Chairman of OMNIYAT Group. 'We're seeing sustained demand from global citizens who value lifestyle, architecture, and a sense of belonging. At OMNIYAT, we're blending architecture, art, and hospitality into spaces that define a new paradigm of urban luxury.' OMNIYAT's latest projects, such as Lumena, an ultra-luxury commercial tower, and VELA Viento, a premier waterfront residential tower in Marasi Bay, have garnered global attention for their design-first approach and limited availability. 'What we're witnessing is a market recalibration, not a peak,' Amjad added. 'Our buyers are not speculators—they are people investing in generational homes and lifestyle assets. Dubai's safe, clean, and connected environment supports this long-term vision.' Rising relocation and end-user demand One of the most notable trends in 2025 is the sharp increase in relocation demand. More residents—especially expats—are choosing to buy and settle in Dubai, supported by lifestyle advantages, remote work flexibility, international schooling, and a growing digital economy. 'There's a definitive shift toward relocation,' Amjad said. 'Dubai is no longer just a place to invest; it's a place to live, raise a family, and build a future. This is influencing the way developers build—we're focused on creating holistic homes, not just real estate assets.' Mohamad Kaswani, General Manager of International Markets & Partnerships at Property Finder, echoed this trend. 'Rents are at all-time highs, and that's prompting many long-term renters to explore ownership. In fact, our rent vs. buy calculator consistently shows that buying becomes more financially viable when holding property for three to five years or more.' Technology and PropTech revolutionise the sector Dubai is at the forefront of adopting technology in real estate. From AI-powered analytics to blockchain-based smart contracts and immersive virtual tours, the city's real estate experience is rapidly becoming digital-first. 'The UAE is emerging as a global innovation powerhouse,' said Kaswani. 'The government's commitment to AI and PropTech is visible, whether it's the DLD launching a PropTech fund or the continuous stream of new startups entering the market.' These innovations are making real estate transactions faster, more transparent, and more user-centric, especially for international investors who may not be physically present in the UAE. Stable prime rents and high occupancy While the pace of rent increases is moderating, occupancy remains extremely high, particularly in prime areas such as Downtown Dubai, Palm Jumeirah, and Dubai Marina. 'Rent prices remain stable in prime communities, with occupancy rates over 90 per cent,' Kaswani said. 'This reflects a strong underlying demand base and a balanced market.' The stabilization is seen as a sign of market maturity rather than cooling, with most experts forecasting continued resilience through the remainder of 2025. Outlook: Strong fundamentals, sustainable growth Dubai's property market enters the second half of 2025 with strong tailwinds: population growth, infrastructure expansion, investor interest, and regulatory innovation. While supply will increase, it is expected to be absorbed steadily due to growing end-user demand and global appetite for Dubai's lifestyle offering. 'As we look to the next two to three years, we fundamentally believe in the Dubai story,' Kaswani said. 'With our leadership's vision, smart regulation, and continued innovation, Dubai is not only resilient—it's future-proof.'
Khaleej Times
17-07-2025
- Business
- Khaleej Times
Tiger Properties sells out phase one of 255m-tall Auresta Tower; launches phase two on July 15
Tiger Properties has officially sold out Phase One of Auresta Tower, its flagship 255-meter residential skyscraper located in the heart of Jumeirah Village Circle (JVC). Achieved within just a few weeks of launch, the rapid sell-out underscores the strong demand from both investors and end-users for high-quality, move-in-ready homes in Dubai's thriving real estate market. Following this success, the developer has launched Phase Two sales as of July 15, 2025, inviting buyers to explore a new wave of premium apartments that blend elegance, functionality, and value. Luxury living redefined One of the tallest residential towers in JVC, Auresta Tower features approximately 900 fully furnished apartments, each equipped with modern appliances and designed to provide residents with a seamless, ready-to-live-in experience. The architectural design is sleek and contemporary, enhanced by high-end finishes including marble flooring, custom lighting, and meticulously crafted interiors that reflect refined craftsmanship. Residents can enjoy a wide array of upscale amenities such as an infinity swimming pool, a yoga deck, entertainment zones, a state-of-the-art fitness center, luxury spa, outdoor jogging track, BBQ area, and seven levels of dedicated parking. The tower also features premium ground-floor retail outlets, with 24/7 security and concierge services ensuring comfort and peace of mind. Flexible investment plans Phase two units start from Dh628,000 and are available with attractive post-handover payment plans. Studio buyers can benefit from a 20% down payment, 50% during construction, 10% on handover, and the remaining 20% post-handover over two years. For one to three-bedroom apartments, buyers can opt for a 70% payment during construction and 30% post-handover over two years. Commenting on the project's success, Eng. Amer Waleed Al Zaabi, CEO of Tiger Properties, said: "At Auresta, our focus was on delivering the highest levels of quality — from material selection to the finishing touches. Every apartment is fully furnished and thoughtfully equipped with modern appliances, tailored to meet the refined tastes of our clientele. This project sets a new benchmark for luxury and craftsmanship in Dubai's residential market." A prime location with high returns Strategically positioned in Jumeirah Village Circle, Auresta Tower offers residents freehold ownership and projected rental yields of up to 8%. The central location ensures convenient connectivity to key city landmarks: just 10 minutes to Dubai Hills Mall, 13 minutes to Dubai Marina, and 15 minutes to both the Mall of the Emirates and Downtown Dubai. Dubai International Airport is also a short 25-minute drive away.
Gulf Business
03-07-2025
- Business
- Gulf Business
Inside Object 1's mission to redefine premium urban living in the UAE
Image credit: Supplied Egor Maslennikov is not just building homes, he's reimagining what urban living can and should look like in one of the world's most competitive and fast-evolving real estate markets. As the visionary chairman and founder of Image credit: Supplied Since the company's launch in 2022, Object 1 has grown at a staggering pace, completing over 15 distinctive projects and recording more than 1000 per cent year-on-year growth in sales volume—a rare feat in an industry defined by scale and speed. From pioneering concepts like EVERGR1N HOUSE, designed to meet the surging demand in the short-term rental market, to unveiling architectural landmarks such as ALTA V1EW, the tallest residential tower in Jumeirah Village Circle, Object 1 is carving out a new standard for aspirational, future-ready living in Dubai. But for Maslennikov, this is just the beginning. His vision extends far beyond bricks and mortar. With a deep focus on community, sustainability, and lifestyle integration, he sees Object 1 evolving into a transformative force in the Gulf's real estate landscape—one that defines how people connect with their homes, their neighborhoods, and the broader urban fabric. In this exclusive interview with Gulf Business, Maslennikov reflects on the founding vision that shaped Object 1, the strategic decisions behind its explosive growth, and what lies ahead for a developer that's not only responding to the demands of today's market, but actively shaping the cities of tomorrow. Image credit: Supplied Gulf Business sat down with Egor Maslennikov, Chairman and Founder of Object 1, to discuss the company's rapid rise in Dubai's real estate market, their vision for reimagining urban living, and what's next for one of the fastest-growing developers in the region. 1-Egor, take us back to the founding vision behind Object 1. What gap in the market were you aiming to address when you launched in Dubai? When we founded Object 1 in 2022, our goal was to address the growing demand for premium yet sustainable housing that meets the evolving lifestyle needs of residents in Dubai. We saw a gap in the market for developments that seamlessly combine innovation, quality, and eco-conscious design, all tailored to create communities that enhance well-being and provide long-term value. Our focus was not just on building houses but on crafting smarter, greener living spaces that align with Dubai's broader vision for sustainable urban growth as outlined in the Dubai 2040 Urban Master Plan. 2- Object 1 achieved over 1000 per cent growth in sales volume year-on-year, how did strategic thinking and market timing play into that achievement? Our growth has been driven by a strategic blend of innovation, market insight, and a strong commitment to quality and sustainability. Timing was critical, we entered the market at a moment when demand for eco-friendly, technology-enabled living spaces was accelerating. By integrating smart home technologies, using durable and sustainable materials, and maintaining a meticulous focus on quality, we built trust with buyers. Our ability to deliver projects that resonate with both investors and end-users, combined with favorable government initiatives and attractive payment plans, positioned us to capture significant market share quickly. 3- Do you foresee Object 1 evolving into a lifestyle brand, given your emphasis on design, community, and customer experience? Yes, that is certainly part of our vision. We are not just building properties; we're creating communities that foster connection, comfort, and long-term satisfaction. Our emphasis on sophistication, sustainability, and tailored customer solutions positions us to become more than a developer, we aim to evolve into a lifestyle brand that defines how people experience urban living. Our focus on customer-centricity, transparency, and innovation will continue to deepen this connection with our residents and investors. 4-If you were to look five years ahead, what role do you want Object 1 to play in the transformation of urban living across the Gulf? Looking ahead five years, I envision Object 1 as a key driver in transforming urban living across the Gulf by setting new standards for sustainable, tech-enabled communities. Guided by this vision, we approach real estate as a form of contemporary art, where every building is a masterpiece—not only in its striking exterior but also in the emotions it inspires the moment you step inside. Our goal is to lead the shift toward future-ready urban living by blending design, innovation, and sustainability to create vibrant, resilient cities that truly enhance residents' quality of life. 5-Dubai's real estate market is highly competitive. How does Object 1 differentiate itself to attract both investors and residents? Our strategy is grounded in understanding market needs and delivering developments with real, lasting value. At Object 1, we focus on creating projects that align with Dubai's demand for smart, sustainable, and investment-friendly living spaces. For example, EVERGR1N HOUSE was designed for the thriving short-term rental market — blending modern architecture with smart technologies to attract both residents and tourists. Meanwhile, V1STARA HOUSE in Al Furjan caters to families, offering spacious layouts, premium finishes, and practical amenities for long-term living. This focused, market-driven approach is reflected in our performance — in Q1 alone, we recorded a 913 per cent year-on-year growth in sales value and a 1059 per cent increase in sales volume, with over 860 units sold. These results show that both investors and residents recognise the value and potential of Object 1 developments. We believe that by combining thoughtful design, smart technology, and a deep understanding of market trends, we continue to stand out in Dubai's dynamic real estate sector. 6-Are there any exciting new launches we should look out for this year? Yes, we're proud to introduce ALTA V1EW, our latest project and set to become one of the tallest towers in Jumeirah Village Circle. Rooted in the concept of 'Life Above It All,' ALTA V1EW redefines modern living with intentional design, panoramic views, and a deep connection to light, nature, and space. Set in District 10 of Jumeirah Village Circle, this striking 54-storey residential tower is designed to offer resort-style living paired with skyline-defining architecture. Featuring floor-to-ceiling windows, smart layouts, and contemporary finishes, the residences create bright, functional spaces. Residents can also enjoy a wide range of amenities — from a lagoon-style pool and landscaped gardens to a gym, clubhouse, tennis courts, and convenient retail outlets. One of the standout features is the Sky Leisure Deck, which includes a Sky Infinity Pool and the Sky Infinity Terrace, offering uninterrupted views of Dubai's skyline and greenery — a true sanctuary above the city. Crowning the development is the Sky Leisure Deck, complete with a Sky Infinity Pool, sunken lounges, and our standout Sky Infinity Terrace — a panoramic viewing deck offering sweeping views of Dubai's skyline and surrounding greenery, creating a true sanctuary above the city. With ALTA V1EW, we continue building on our vision to deliver future-ready, aspirational living spaces that reflect the evolving expectations of Dubai's urban community.
Zawya
02-07-2025
- Business
- Zawya
Dubai's Kamdar Developments eyes Saudi Arabia in regional growth push
Dubai-based Kamdar Developments is exploring opportunities in the GCC real estate market, particularly Saudi Arabia, as it continues to prioritise high-end residential projects. 'We closely monitor progress in Saudi Arabia, particularly with the enormous potential of Vision 2030 and the Kingdom's gigaprojects,' Founder and Chairman Yousuf Kamdar told Zawya Projects. He added that the private developer is open to forming joint ventures and partnerships with Saudi companies. Construction is progressing as planned on the 105 Residences project in Jumeirah Village Circle (JVC), with completion expected in the first quarter of 2027, Kamdar said. Interview excerpts: What market factors compelled you to launch 105 Residences in Jumeirah Village Circle (JVC)? As a business, we have been investing in the UAE for 40 years. We have seen the incredible rise of Dubai, particularly driven by visionary leadership and welcoming policies that attract businesses and investment. Demand to live and work in Dubai has only risen in recent years, with safety and quality of life driving an influx of new residents. In line with our ambitions for the company, we want to strategically acquire assets in locations that show good market fundamentals. As a whole, Dubai ticks virtually every box. Looking at JVC specifically, it is a good location with a growing community, with attractive options for residents. There is an increasing number of dining, shopping, entertainment, leisure, and lifestyle destinations emerging, which is driving both investors and end-users to seek well-constructed and well-managed properties. Who is the project's architect? What is its USP in terms of design? The project's design and architecture were done by Arec. The main USP of the project can be summarised as 'attainable luxury' – a place that has all the finish quality of a premium property at an affordable price point. We have carefully considered what people require – from wellness and fitness areas to relaxation zones and functional amenities. What process did you follow to appoint Luxedesign as the contractor? When do you intend to deliver/hand over the project? Luxedesign (LDV) is managing all stages of construction along with Arec. Fundamentally, we believe in delivering projects on time. It's an important part of building long-term trust. 105 Residences is currently on track and targeting a first quarter of 2027 delivery and handover. When did you acquire the land for the project? Are you now seeing an increase in land prices in JVC? Firstly, there has been an uplift in the underlying value of the project. We acquired ownership of the land in 2023 and have carefully planned its development. What is the total cost of the project? How do you intend to fund the project? 105 Residences is fully funded by us. We do not require third-party investment to complete the project. What will be the sustainable elements of the project? Sustainability is a very important aspect of our projects. Eco-friendly materials that meet green building standards and energy-efficient HVAC systems tie in with Nakheel's (master developer) framework for JVC. Wherever possible, we will also work with local suppliers, knowing that transport and logistics incur a carbon cost. The design and positioning of the building have also been considered to maximise natural light balanced with solar reflective materials that lower heat absorption – in effect, reducing interior lighting and cooling costs. Have you seen tender prices rise due to the UAE's booming real estate sector? Tender prices have increased across the board. Specifically, costs for suppliers and contractors for in-demand elements, such as MEP and the provision of structural materials, have risen. We try to mitigate this by leveraging long-term relationships and utilising decades worth of market knowledge. Are you seeing an increase in construction costs in Dubai? Are you concerned about it? There has been an increase in construction costs, as well as volatility in pricing, due to regional and international supply chain disruptions. There are various aspects to managing this, including locking in fixed pricing for materials, shifting elements of projects forward or backward dependent on requirements, sensible budgeting and forecasting that includes contingency pricing, cost tracking to quickly identify any potential areas of overspending before it becomes an issue, and streamlined construction processes that minimise construction waste. From our perspective, our projects across JVC, Meydan, Jumeirah Golf Estates and Dubai Hills continue at full speed. What are the biggest challenges you see in the coming years and how are you planning to overcome them? The biggest concern at present is the escalation of hostilities in the region, which could impact the supply chain. There's also been some discussion of a market price correction – but our take on this is quite simple: is Dubai a popular place to live, and do we see that changing any time soon? The answer is a resounding yes: Dubai is the most popular place to live in the entire Middle East, and no, its popularity isn't going to diminish now or in the next hundred years. So, even if there are small cyclical dips, the overall trajectory and potential for capital appreciation in Dubai is upwards. How extensive is your project portfolio in the UAE? We are currently developing our flagship 105 Residences and multiple villa developments in Meydan, Jumeirah Golf Estates, and Dubai Hills. This includes a combination of public and private projects; therefore, we cannot disclose the overall development value of the portfolio. In addition to the UAE, the business continues to operate across the Middle East, Europe, and Africa, managing our existing property portfolio and a pipeline of developments. How much land bank do you own in the UAE? We have a substantial land bank in the UAE. We have long-held ambitions to diversify the portfolio to other emirates – we are actively evaluating opportunities across Abu Dhabi, Sharjah and Ras Al Khaimah as part of our expansion strategy. Are there plans to enter other markets in the Middle East? Currently, our focus remains on the UAE; however, other GCC markets are also of interest to us. Given our focus on the luxury development segment, we closely monitor progress in Saudi Arabia, particularly with the enormous potential of Vision 2030 and the Kingdom's gigaprojects. We remain open to joint ventures and partnerships with local Saudi businesses seeking an agile developer. What is your outlook on the real estate market in the UAE, particularly Dubai's off-plan market, for 2025 and 2026? For the most part, we will see continued momentum driven by investment. The population in the UAE continues to grow, driving demand for real estate. Overall, pricing trends are difficult to neatly categorise into one box, as the market is more nuanced. However, developments that are well-located, offer excellent amenities, and have accessible price points will be popular – we certainly see 105 Residences meeting these criteria. (Reporting by P Deol; Editing by Anoop Menon) (
Gulf Business
02-07-2025
- Business
- Gulf Business
Imtiaz continues delivery streak with handover of Westwood Grande II residence
Image credit: Supplied , one of Dubai's leading luxury real estate developers, has announced the successful handover of Westwood Grande II, a contemporary residential development offering fully furnished studio and one-bedroom apartments. The handover was attended by senior officials from the Dubai Land Department and prominent figures from the real estate sector, marking another on-schedule delivery in line with the developer's consistent track record. Westwood Grande II, located in Jumeirah Village Circle, exemplifies Imtiaz's design-first philosophy, with every residence offering spacious layouts, premium branded finishes, and integrated smart home systems. The project features a range of upscale amenities including a rooftop swimming pool with skyline views, a modern fitness centre, tranquil landscaped gardens, and an exclusive club room for residents. 'Westwood Grande II highlights our continued drive to deliver projects that go beyond construction—offering thoughtfully designed spaces that elevate everyday living. Every detail reflects our promise to create lasting value for our customers and for the city of Dubai,' Masih Imtiaz, CEO of Imtiaz Developments, stated. With over 40 projects currently under development and more than Dhs10bn in sales, Imtiaz Developments is actively expanding across key districts including Dubailand, Dubai Islands, and Meydan. The company remains committed to building communities that combine architectural distinction with enduring lifestyle and investment value.
