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Arabian Business
20-05-2025
- Business
- Arabian Business
UAE real estate: Abu Dhabi secondary property market surges by 53% in Q1 2025
Abu Dhabi's secondary real estate market has recorded a 53 per cent year-on-year increase in transaction value during the first quarter of 2025, reaching AED 5.04 billion compared to AED 3.3 billion in the same period last year, according to data from Metropolitan Capital Real Estate (MCRE). The secondary market now represents 11.4 per cent of the total real estate market in the emirate, with demand driven by both end-users and international investors seeking ready-to-move-in properties with high yields. 'The performance of Abu Dhabi's secondary real estate market in the first quarter of 2025 is truly exceptional, demonstrating the underlying strength and increasing maturity of the emirate's property sector. The significant growth in transaction value and volume underscores the high demand for ready properties and Abu Dhabi's continued attractiveness for international investors, drawn by favourable returns and the emirate's appealing lifestyle,' Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate said. International investors drive Abu Dhabi property market growth MCRE itself has outperformed the broader market with a 152 per cent year-on-year increase in sales value, capturing 21 per cent of Abu Dhabi's freehold residential secondary market. The company aims to increase this share to 25 per cent by the end of 2025. A highlight transaction during the quarter was the AED 83 million sale of a seven-bedroom villa on Saadiyat Island with direct sea access, handled by luxury property specialist Natalia Kushparenko. This sale reflects the growing demand for premium lifestyle communities in the capital. Luxury villa sales dominate Abu Dhabi's secondary market in 2025 The residential secondary market specifically saw sales values grow by 15 per cent, rising to AED 2.74 billion in Q1 2025 from AED 2.38 billion in Q1 2024, with transactions increasing from 972 to 992. Villa and townhouse sales have seen substantial growth, with townhouse sales value increasing by 142 per cent to AED 76.89 million in Q1 2025, up from AED 31.71 million in Q1 2024. Villa sales rose by 15 per cent to AED 1.47 billion, compared to AED 1.27 billion in the same period last year. Apartment sales showed more modest growth of 7 per cent, reaching AED 899.33 million in Q1 2025 versus AED 840.69 million in Q1 2024. UAE nationals led the market in Q1 2025, accounting for 21 per cent of secondary transactions, followed by Russians (10 per cent), UK nationals (9 per cent), and Indians (8 per cent). Yas Island emerged as the most active area with 266 transactions worth AED 755 million, followed by Al Reem Island (195 transactions, AED 275 million), Al Reef (127 transactions, AED 151 million), and Saadiyat Island (113 transactions, AED 909 million). MCRE expects the secondary market to maintain its momentum throughout 2025, particularly in sought-after lifestyle destinations such as Saadiyat, Yas, and Al Reem Islands. The company predicts that international capital will continue flowing into Abu Dhabi amid rising global geopolitical and economic uncertainty, positioning the emirate as a stable growth market.
Zawya
10-03-2025
- Business
- Zawya
Metropolitan Group powers 177 real estate agents into the millionaire club
Dubai: Metropolitan Group, a leading real estate firm in the UAE, announced that 177 of its agents have achieved AED millionaire status, since joining the group. Among them, four agents surpassed AED 37 million ($10 million) in earnings, 40 agents achieved commissions of AED 10 million ($2.7 million) or more and a further 91 agents joined the exclusive million-dollar club earning over AED 3.67 million ($1 million). The top earners included a diverse array of talent, featuring agents from around the globe, including Russian-speaking, Europeans, as well as agents from Egypt, Syria and beyond. Nikita Kuznetsov, CEO and co-founder of the Metropolitan Group, said: 'Our business as a brokerage is tied to the success of our agents, so it's great to see how many lives are being so positively impacted. We provide agents with cutting-edge marketing tools and a robust lead generation system that produces thousands of leads weekly. We are one of the few real estate groups that continues to successfully grow, cultivates an award-winning culture, while also producing many millionaire agents.' Commenting on the Group's success in Abu Dhabi, Evgeny Ratskevich, Co-CEO of Metropolitan Group & CEO of Metropolitan Capital Real Estate, said, 'In just six years, we have firmly established ourselves as a leading player in Abu Dhabi's real estate market. Despite our relatively recent entry, we're proud to have the largest office in the Capital, which is a testament to our commitment to excellence and ambitious growth plans. Abu Dhabi's dynamic market presents incredible opportunities and we are strategically positioned to expand even further, with plans to continue investing while supporting our agents' continued success.' Mike Fleet, Deputy CEO of Metropolitan Group, said: 'We offer a comprehensive support system to our agents, ensuring they can focus on what they do best – selling. Our dedicated Sales and Training Academy equips agents with a structured and continuous learning approach, enhancing skills at all levels to meet the ever-evolving demands of the market. The Group's strong culture and dedicated support for new employees was exemplified by one agent who, within just two weeks of joining last month, already achieved over AED 60 million in sales. This success story is not an isolated case and is a result of the Group's commitment to fostering a unique environment where newcomers can thrive and excel.' The company's strong back-office team, administrative support and faster commission payment cycle (twice-weekly payouts) allow agents to concentrate on closing deals and achieving top performance. Metropolitan Group also fosters an environment of growth, offering clear career progression paths and an award-winning company culture that encourages high performers to reach new heights. Emphasizing the company's dedication to attracting top real estate professionals, Kristina Papialiayeva, Head of Talent Acquisition at Metropolitan Group, said, 'Our regular recruitment events, held at our state-of-the-art office in Al Salam Tower, provide prospective agents with a unique opportunity to experience our dynamic culture first-hand. These interactive sessions not only showcase the inspiring success stories of our agents, but also give attendees direct access to our sales directors, who openly share the winning strategies that drive top performance. This transparent and hands-on approach reinforces our commitment to agent success and highlights why the Group is the ultimate destination for ambitious real estate professionals.' The Metropolitan Group is committed to creating an environment where agents can thrive from day one. The Group's commitment to attracting and retaining top-tier talent is reflected in its ongoing recruitment initiatives, where every candidate undergoes a comprehensive evaluation process to ensure alignment with the company's core values. By maintaining these rigorous standards, the Group continues to build a team of high-performing agents who drive success and uphold the exceptional reputation of the Metropolitan brand. To keep pace with its rapid growth, the Metropolitan Group is actively looking to expand its team and is encouraging high-performing agents to join one of the UAE's most successful real estate firms. The Group is offering exclusive benefits for top agents with a proven track record of consistently generating AED 50-100 million in sales a month, including the opportunity to report directly to the CEO. To join the Metropolitan Group's dynamic team, visit
