Latest news with #MohamedMussa
Business Recorder
2 days ago
- Business
- Business Recorder
Dubai property: top 6 residential hotspots revealed
Real estate advisory firm Chestertons MENA revealed the top six emerging residential communities in Dubai. They are: Jumeirah Village Circle (JVC), DAMAC Island, Downtown Dubai, Dubai Marina, Meydan City, and Dubai South. Chestertons' findings show that while central areas remain in demand, suburban communities are delivering strong rental yields and attracting growing interest from both local and international investors. All six of these communities have recorded rising transaction volumes, boosted by a combination of well-priced inventory, improving infrastructure, and increasing rental yields, the firm said. As the most affordable of the six, DAMAC Islands averages at AED 823 per sq. ft., with a rental yield of 7.38%, largely driven by attractive off-plan pricing and high-return early investment opportunities. Dubai South follows at AED 1,035 per sq. ft. and a rental yield of 6.77% while JVC prices average at AED 1,238 per sq. ft., with strong rental yields around 7.39%, making it particularly popular among younger tenants and first-time buyers. Meanwhile, Dubai Marina offers a more central location at AED 1,757 per sq. ft. and returns close to 6.24%. Downtown Dubai commands the highest average price at AED 2,504 per sq. ft., delivering a solid 6% return in a sought-after, high-profile location. In contrast, Meydan City presents a compelling option for value-seekers, averaging AED 1,915 per sq. ft. and yields of 7.14%, supported by ongoing infrastructure upgrades and spacious layouts. Behind the rise of these communities is a larger shift in Dubai's urban planning, with limited central land giving way to the development of more suburban master-planned zones, according to Chestersons. Developers like Emaar and Binghatti continue to launch high-appeal projects, while government entities such as the RTA and Dubai Land Department work together to ensure long-term viability. Additionally, recent updates across the property market have helped increase access for different buyer profiles. Notably, first-time buyers are benefiting from initiatives like reduced down payment requirements and easier mortgage approvals through developer-bank partnerships. 'We've seen Dubai evolve into a powerhouse for real estate investment, and initiatives like the D33 [economic] agenda are set to drive even greater economic and urban growth over the next decade,' said Mania Merrikhi, Chief Operating Officer and Managing Director of Chestertons MENA. 'Government support continues to play a vital role in shaping the UAE's real estate market, with various entities rolling out buyer-friendly regulations and initiatives that make it easier for first-time buyers to enter the market,' said Mohamed Mussa, Executive Director of Chestertons MENA. 'Notably, these developments are attracting a new wave of international and family-oriented investors. Looking forward, we anticipate particularly strong demand for full-service, master-planned communities that deliver on lifestyle, convenience, and value.' As Dubai's residential market continues to evolve, the spotlight is shifting towards communities that combine value, lifestyle, and long-term potential. With deep market insight and a legacy of trust, Chestertons MENA remains a reliable partner for those looking to navigate this shifting landscape with clarity and confidence.'
Mid East Info
25-07-2025
- Business
- Mid East Info
Chestertons Unites Global Network in London to Reinforce Cross-Border Real Estate Momentum - Middle East Business News and Information
The company's recent London summit and roadshow reveal there is a strong two-way investment appetite between Dubai and the UK, showcasing innovation, social impact, and international growth Dubai, UAE: Chestertons, the 220-year-old global property consultancy, recently convened its international network in London in June for a two-day showcase of cross-border opportunity, technological advancement, and real estate leadership. Bringing together partners, clients, and affiliates from around the world, the Chestertons Global London Summit and the London Roadshow offered a comprehensive view of the group's global progress while reinforcing its unique role as a connector between the UK and Dubai property markets. Championing Innovation Held across two dynamic days in Mayfair on the 9th,10th and 11th of June, the dual events reflected the brand's efforts to advance its global partnerships and facilitate impactful dialogue between investors and market experts. The Chestertons Global Summit served as a strategic platform for international affiliates to share updates, achievements, and future plans, while spotlighting key developments in the group's innovation and impact agenda. Meanwhile, the London Roadshow, hosted by Chestertons MENA, focused on delivering high-value investment insights to high-net-worth clients and prospects interested in UAE's flourishing property market. Chestertons' Global Summit: At the heart of the Global Summit was Chestertons' commitment to continuous innovation, highlighted by the announcement of two significant technology integrations. One of these, a newly announced partnership with Kendal, introduces an AI-driven WhatsApp integration on the Chestertons Global website—enabling 24/7 client engagement, instant responses to property inquiries, and more efficient lead conversion. Together, these platforms mark a pivotal moment in Chestertons' digital evolution, enhancing client service while streamlining agent workflows. 'The Global Summit was an opportunity to align with our global partners and showcase our innovation, growth, and the value we deliver to clients across borders,' said Mohamed Mussa, Head of Chestertons Global. 'With Dubai and London both representing key pillars in our network, this event enabled us to demonstrate how we're actively bridging those markets for the benefit of our investors and clients.' Running concurrently with the Summit in a separate room at the same venue, The London Roadshow was tailored to UK-based investors exploring opportunities in Dubai's dynamic residential and commercial sectors. Sessions covered Dubai's economic trajectory, the strength of its off-plan market, the advantages of the golden visa scheme, and holistic support services including banking, asset management, and long-term planning. Attendees also benefited from personalised consultations with Chestertons' Dubai-based specialists to explore tailored investment strategies. Adding further depth to the event, key representatives from the Dubai office — Rahma Bacha (Director of Residential), Ziman Li (Property Consultant), and Marwan Tayara (Associate Director – Off Plan) — were in attendance, offering on-the-ground perspective and regional expertise. According to Mania Merrikhi, Chief Operating Officer and Managing Director of Chestertons MENA, 'There is a clear two-way appetite for investment between Dubai and London. UK-based investors are increasingly looking to Dubai for its strong rental yields, tax advantages, and growth potential, while we also see sustained interest from GCC investors in London's prime and super-prime sectors. Our role is to facilitate that flow of capital and provide clients with expert guidance and global insight.' Chestertons' Recent Initiatives: The Summit also highlighted Chestertons' social impact commitments, with a dedicated session on the Chestertons Foundation and its ongoing support of the Sand Dams initiative in southeast Kenya. With a goal to raise £40,000 to build a new sand dam in Makueni County, the initiative aims to deliver year-round access to clean water for over 500 people, empowering communities with long-term resilience and security. The Foundation also encouraged attendees to get involved through donations, fundraising challenges, client-gifting campaigns, and social advocacy. 'As a brand with over two centuries of heritage, we know that our future depends on how well we adapt, connect, and lead,' added Mohamed Mussa. 'Through our various efforts, we aim to build a future that reflects our values of trust, clarity, and global impact.' Looking ahead, Chestertons will continue to deepen its presence across key global markets, champion innovation that enhances client experience, and foster cross-border investment flows that benefit both individuals and communities. With upcoming activations planned in the UAE, Europe, and the Caribbean, and a continued focus on digital transformation and sustainability, the momentum sparked in London marks only the beginning of an ambitious new chapter for Chestertons on the world stage. With a legacy spanning over 220 years, Chestertons is one of the world's most established and respected real estate advisory firms. Founded in London in 1805 by Charles Chesterton, the company has built a reputation for trust, integrity, and expertise, offering tailored advice to clients across the globe. As a founding member of the Royal Institution of Chartered Surveyors (RICS), Chestertons combines its rich heritage with a forward-thinking approach, providing a full suite of services including residential and commercial brokerage, valuation and advisory, building consultancy, property management, and market research. In the UAE, Chestertons has been active since 2008, with its regional headquarters now based in Marina Plaza, Dubai Marina. The firm is home to a dynamic team of over 90 experts who bring together international experience and local insight to support developers, investors, landlords, and occupiers. With a history of success built over generations, Chestertons delivers intelligent, personalised solutions that generate long-term value.
Web Release
02-07-2025
- Business
- Web Release
Chestertons Unites Global Network in London to Reinforce Cross-Border Real Estate Momentum
Chestertons, the 220-year-old global property consultancy, recently convened its international network in London in June for a two-day showcase of cross-border opportunity, technological advancement, and real estate leadership. Bringing together partners, clients, and affiliates from around the world, the Chestertons Global London Summit and the London Roadshow offered a comprehensive view of the group's global progress while reinforcing its unique role as a connector between the UK and Dubai property markets. Championing Innovation Held across two dynamic days in Mayfair on the 9th,10th and 11th of June, the dual events reflected the brand's efforts to advance its global partnerships and facilitate impactful dialogue between investors and market experts. The Chestertons Global Summit served as a strategic platform for international affiliates to share updates, achievements, and future plans, while spotlighting key developments in the group's innovation and impact agenda. Meanwhile, the London Roadshow, hosted by Chestertons MENA, focused on delivering high-value investment insights to high-net-worth clients and prospects interested in UAE's flourishing property market. Chestertons' Global Summit At the heart of the Global Summit was Chestertons' commitment to continuous innovation, highlighted by the announcement of two significant technology integrations. One of these, a newly announced partnership with Kendal, introduces an AI-driven WhatsApp integration on the Chestertons Global website—enabling 24/7 client engagement, instant responses to property inquiries, and more efficient lead conversion. Together, these platforms mark a pivotal moment in Chestertons' digital evolution, enhancing client service while streamlining agent workflows. 'The Global Summit was an opportunity to align with our global partners and showcase our innovation, growth, and the value we deliver to clients across borders,' said Mohamed Mussa, Head of Chestertons Global. 'With Dubai and London both representing key pillars in our network, this event enabled us to demonstrate how we're actively bridging those markets for the benefit of our investors and clients.' The London Roadshow Running concurrently with the Summit in a separate room at the same venue, The London Roadshow was tailored to UK-based investors exploring opportunities in Dubai's dynamic residential and commercial sectors. Sessions covered Dubai's economic trajectory, the strength of its off-plan market, the advantages of the golden visa scheme, and holistic support services including banking, asset management, and long-term planning. Attendees also benefited from personalised consultations with Chestertons' Dubai-based specialists to explore tailored investment strategies. Adding further depth to the event, key representatives from the Dubai office — Rahma Bacha (Director of Residential), Ziman Li (Property Consultant), and Marwan Tayara (Associate Director – Off Plan) — were in attendance, offering on-the-ground perspective and regional expertise. According to Mania Merrikhi, Chief Operating Officer and Managing Director of Chestertons MENA, 'There is a clear two-way appetite for investment between Dubai and London. UK-based investors are increasingly looking to Dubai for its strong rental yields, tax advantages, and growth potential, while we also see sustained interest from GCC investors in London's prime and super-prime sectors. Our role is to facilitate that flow of capital and provide clients with expert guidance and global insight.' Chestertons' Recent Initiatives The Summit also highlighted Chestertons' social impact commitments, with a dedicated session on the Chestertons Foundation and its ongoing support of the Sand Dams initiative in southeast Kenya. With a goal to raise £40,000 to build a new sand dam in Makueni County, the initiative aims to deliver year-round access to clean water for over 500 people, empowering communities with long-term resilience and security. The Foundation also encouraged attendees to get involved through donations, fundraising challenges, client-gifting campaigns, and social advocacy. 'As a brand with over two centuries of heritage, we know that our future depends on how well we adapt, connect, and lead,' added Mohamed Mussa. 'Through our various efforts, we aim to build a future that reflects our values of trust, clarity, and global impact.' Looking ahead, Chestertons will continue to deepen its presence across key global markets, champion innovation that enhances client experience, and foster cross-border investment flows that benefit both individuals and communities. With upcoming activations planned in the UAE, Europe, and the Caribbean, and a continued focus on digital transformation and sustainability, the momentum sparked in London marks only the beginning of an ambitious new chapter for Chestertons on the world stage.
Mid East Info
02-06-2025
- Business
- Mid East Info
Chestertons Reports 50% Surge in Commercial Leasing as Legal Reforms and Investor Confidence Accelerate UAE Real Estate Momentum
Dubai, UAE – Chestertons MENA, one of the world's most established real estate advisories, has released new data confirming a sharp rise in commercial real estate activity across the UAE. The firm's Q1 2025 Market Report shows a 50.4% year-on-year increase in commercial leasing, alongside double-digit growth in villa and townhouse transactions — underscoring the powerful convergence of market demand, investor confidence, and regulatory readiness. Office leasing led the commercial sector, recording over 101,000 transactions — a 62.7% increase compared to Q1 2024 — while retail leasing saw 36,000 transactions, amounting to AED 3.4 billion. Land leasing also posted steady gains. The data points to robust corporate expansion, growing business formation, and sustained appetite for commercial space across key UAE zones. 'Commercial real estate is no longer a peripheral category — it's at the centre of the UAE's next economic chapter,' said Mohamed Mussa, Executive Director of Chestertons. 'What we're seeing is not a temporary rebound but a redefinition of the region's investment profile. From the performance of off-plan markets in Ras Al Khaimah to the legal reforms enabling long-term ownership, this is an ecosystem ready for scale.' These trends were unpacked during Chestertons' Commercial Conference held in May 2025, which brought together senior leaders across valuation, advisory, and legal practice. The panel included: Andrew Elliott, Director of Commercial Agency Benjamin Cullum, Head of Valuations and Advisory Conor Henry, Director of Valuations and Advisory Jake Wright, Director of Investment and Advisory Michael Kortbawi, Corporate & Finance Law Expert (BSA Ahmad Bin Hezeem & Associates LLP) The conference highlighted key structural enablers: 100% foreign ownership across most mainland sectors A newly introduced 9% federal corporate tax, with 0% options for qualifying free zone income structures Expansion of investor-friendly zones such as RAKEZ, which is set to overtake JAFZA in activity Long-term renewable lease models, digital incorporation platforms, and streamlined dispute resolution through RERA, DIFC, and specialized courts Increasing demand for REITs, sale-and-leaseback structures, and institutional-grade commercial assets amid Grade A supply constraints 'Recent legal reforms have shifted the UAE from being merely attractive to being strategically compelling,' said Lawyer: Michael Kortbawi, Corporate & Finance Law Expert and panelist at the Chestertons Commercial Conference. 'Investors now have clarity on ownership, tax, and dispute resolution, along with access to digital tools and long-term visas. This is a legal framework built for global capital and long-term business planning.' Residential demand also remained strong. Townhouse and villa transactions rose 51.93% in volume year-on-year, reaching a total value of AED 76.5 billion, while apartment sales climbed 16.25% in value to AED 75.1 billion. Buyer appetite was concentrated in communities such as JVC, Business Bay, and Dubai Marina, driven by location, lifestyle, and long-term rental yield potential. Rental activity reflected similar growth. Apartment leasing was up 21.4% year-on-year, totaling AED 11.3 billion across 151,000 rental transactions, while villa and townhouse leasing rose 21% in value to AED 3.4 billion. The report attributes these trends to population growth, long-term residency programs, and a shift toward larger living spaces post-COVID. 'Across every segment — commercial, residential, leasing, and investment — the UAE is showing clear signs of structured, sustainable growth,' added Mania Merrikhi, Chief Operating Officer and Managing Director at Chestertons MENA. 'The legal infrastructure, investor protections, and macroeconomic vision are all working in tandem to create one of the world's most investible property markets.' Chestertons — established in London in 1805 and active in the UAE since 2008 — has built a deep regional presence from its headquarters in Dubai Marina. The firm's team of over 165 professionals offers services across brokerage, valuation, building consultancy, asset management, and market research, property management and investment advisory. In Q1 2025 alone, Chestertons reported a 155% year-on-year increase in MENA transactions, and is now targeting 220% regional growth by 2026. About Chestertons: With a legacy spanning over 220 years, Chestertons is one of the world's most established and respected real estate advisory firms. Founded in London in 1805 by Charles Chesterton, the company has built a reputation for trust, integrity, and expertise, offering tailored advice to clients across the globe. As a founding member of the Royal Institution of Chartered Surveyors (RICS), Chestertons combines its rich heritage with a forward-thinking approach, providing a full suite of services including residential and commercial brokerage, valuation and advisory, building consultancy, property management, and market research. In the UAE, Chestertons has been active since 2008, with its regional headquarters now based in Marina Plaza, Dubai Marina. The firm is home to a dynamic team of over 90 experts who bring together international experience and local insight to support developers, investors, landlords, and occupiers. With a history of success built over generations, Chestertons delivers intelligent, personalised solutions that generate long-term value.
Zawya
02-06-2025
- Business
- Zawya
Chestertons Reports 50% surge in commercial leasing as legal reforms and investor confidence accelerate UAE Real Estate Momentum
Q1 2025 data reveals record-breaking office and retail leasing across the UAE, backed by 100% foreign ownership laws, tax incentives, and rising demand in key commercial hubs Dubai, UAE – Chestertons MENA, one of the world's most established real estate advisories, has released new data confirming a sharp rise in commercial real estate activity across the UAE. The firm's Q1 2025 Market Report shows a 50.4% year-on-year increase in commercial leasing, alongside double-digit growth in villa and townhouse transactions — underscoring the powerful convergence of market demand, investor confidence, and regulatory readiness. Office leasing led the commercial sector, recording over 101,000 transactions — a 62.7% increase compared to Q1 2024 — while retail leasing saw 36,000 transactions, amounting to AED 3.4 billion. Land leasing also posted steady gains. The data points to robust corporate expansion, growing business formation, and sustained appetite for commercial space across key UAE zones. 'Commercial real estate is no longer a peripheral category — it's at the centre of the UAE's next economic chapter,' said Mohamed Mussa, Executive Director of Chestertons. 'What we're seeing is not a temporary rebound but a redefinition of the region's investment profile. From the performance of off-plan markets in Ras Al Khaimah to the legal reforms enabling long-term ownership, this is an ecosystem ready for scale.' These trends were unpacked during Chestertons' Commercial Conference held in May 2025, which brought together senior leaders across valuation, advisory, and legal practice. The panel included: Andrew Elliott, Director of Commercial Agency Benjamin Cullum, Head of Valuations and Advisory Conor Henry, Director of Valuations and Advisory Jake Wright, Director of Investment and Advisory Michael Kortbawi, Corporate & Finance Law Expert (BSA Ahmad Bin Hezeem & Associates LLP) The conference highlighted key structural enablers: 100% foreign ownership across most mainland sectors A newly introduced 9% federal corporate tax, with 0% options for qualifying free zone income structures Expansion of investor-friendly zones such as RAKEZ, which is set to overtake JAFZA in activity Long-term renewable lease models, digital incorporation platforms, and streamlined dispute resolution through RERA, DIFC, and specialized courts Increasing demand for REITs, sale-and-leaseback structures, and institutional-grade commercial assets amid Grade A supply constraints 'Recent legal reforms have shifted the UAE from being merely attractive to being strategically compelling,' said Lawyer: Michael Kortbawi, Corporate & Finance Law Expert and panelist at the Chestertons Commercial Conference. 'Investors now have clarity on ownership, tax, and dispute resolution, along with access to digital tools and long-term visas. This is a legal framework built for global capital and long-term business planning.' Residential demand also remained strong. Townhouse and villa transactions rose 51.93% in volume year-on-year, reaching a total value of AED 76.5 billion, while apartment sales climbed 16.25% in value to AED 75.1 billion. Buyer appetite was concentrated in communities such as JVC, Business Bay, and Dubai Marina, driven by location, lifestyle, and long-term rental yield potential. Rental activity reflected similar growth. Apartment leasing was up 21.4% year-on-year, totaling AED 11.3 billion across 151,000 rental transactions, while villa and townhouse leasing rose 21% in value to AED 3.4 billion. The report attributes these trends to population growth, long-term residency programs, and a shift toward larger living spaces post-COVID. 'Across every segment — commercial, residential, leasing, and investment — the UAE is showing clear signs of structured, sustainable growth,' added Mania Merrikhi, Chief Operating Officer and Managing Director at Chestertons MENA. 'The legal infrastructure, investor protections, and macroeconomic vision are all working in tandem to create one of the world's most investible property markets.' Chestertons — established in London in 1805 and active in the UAE since 2008 — has built a deep regional presence from its headquarters in Dubai Marina. The firm's team of over 165 professionals offers services across brokerage, valuation, building consultancy, asset management, and market research, property management and investment advisory. In Q1 2025 alone, Chestertons reported a 155% year-on-year increase in MENA transactions and is now targeting 220% regional growth by 2026.
