Latest news with #MohammedMiqdadi
Mid East Info
11-07-2025
- Business
- Mid East Info
Dubai's half-year property sales hit Dh326 billion as population growth fuels housing demand - Middle East Business News and Information
Real estate developer DURAR Group sees upward momentum continuing into late 2025 Dubai, UAE: The Dubai real estate market recorded a landmark first half of 2025, as population growth, capital value appreciation, and a surge in off-plan investments pushed property transactions to a historic high. According to a recent ValuStrat report analysed by real estate developer DURAR Group, total residential sales soared to AED 326.7 billion across nearly 99,000 transactions – signalling unprecedented momentum and investor confidence. This half-year marks a defining chapter. The influx of nearly 90,000 new residents in just the first quarter has added significant pressure to an already supply-constrained housing market. With only 12,000 homes delivered so far this year, demand has swiftly outpaced availability, elevating both sales prices and rental values across key districts. ' The first half of 2025 has surpassed all expectations, reflecting both the resilience and ambition of Dubai's property sector,' said Mohammed Miqdadi, CEO of DURAR Group. ' We're not just seeing strong numbers, we're witnessing a new phase of sophistication in demand. Buyers today are more design-conscious, globally minded, and increasingly leaning toward future-forward communities anchored in lifestyle and long-term value.' Miqdadi further noted that while capital values have grown across the board, it's the villa segment and select prime locations that have led the surge. Areas like Jumeirah Islands, Palm Jumeirah, and Emirates Hills reached some of the most significant capital appreciation, while apartment hubs such as The Greens and Dubailand also drew consistent demand. Off-plan sales, in particular, continue to dominate investor activity, making up over two-thirds of all residential transactions in H1. With flexible payment structures and compelling new launches in communities like JVC, Dubai South, and Emaar South, the appetite for early-entry opportunities remains strong. Looking ahead, DURAR Group expects growth to moderate slightly but remain firmly positive through Q4 2025. ' As developers, this is a moment of responsibility as much as it is opportunity,' Miqdadi added. ' The next wave of success will be defined by how we balance scalability with sustainability, creating homes that respond to the city's evolving population and anticipate how Dubai will live in the decades to come.' About DURAR Group: DURAR is one of the leading property development groups in the UAE offering a range of world-class solutions to its clients, providing development and flexibility in planning to ensure that each client receives strategic and highly personalised solutions. DURAR excels in project planning, both commercially and environmentally, by adopting lifecycle and visibility tools to be employed in the project, and it guarantees on-time deliveries. Its expertise stretches across the entire property spectrum, including residential, commercial, retail, and industrial, specialising in a complete range of cost-effective in-house management services. The company's portfolio includes masterpieces such as J One in Burj Khalifa District, Masa Residence Interior YOO Inspired by Stark, Jasmine Lane Elie Saab Edition, Moonstone and Trio Isle Interiors by Missoni, and many more.
Arabian Business
10-07-2025
- Business
- Arabian Business
Dubai real estate hits $89bn in H1 2025 as population surge fuels record property sales
Dubai's real estate market posted its strongest first-half performance on record in 2025, as surging population growth, off-plan investments, and rising capital values fuelled unprecedented transaction levels. According to a new ValuStrat report analysed by real estate developer DURAR Group, residential property sales reached AED326.7bn ($89bn) across nearly 99,000 transactions between January and June 2025. Dubai welcomed nearly 90,000 new residents in Q1 alone, adding pressure to an already tight housing supply. Dubai real estate growth forecast With only 12,000 new homes delivered in the first half of the year, demand has significantly outstripped supply—pushing sales prices and rental values higher across the city. Mohammed Miqdadi, CEO of DURAR Group, said: 'The first half of 2025 has surpassed all expectations, reflecting both the resilience and ambition of Dubai's property sector. We're not just seeing strong numbers, we're witnessing a new phase of sophistication in demand. 'Buyers today are more design-conscious, globally minded, and increasingly leaning toward future-forward communities anchored in lifestyle and long-term value.' Capital value growth was recorded across all property segments, but villas and prime areas saw the most significant gains. High-demand areas included: Palm Jumeirah Jumeirah Islands Emirates Hills Apartment communities such as The Greens and Dubailand also recorded steady demand, particularly from mid-market buyers and first-time investors. Off-plan properties continued to dominate the landscape, accounting for more than two-thirds of all residential transactions in H1 2025. Investor interest was strong in: Jumeirah Village Circle (JVC) Dubai South Emaar South Flexible payment plans and attractive launch prices continue to drive demand for early-stage projects. While growth may moderate slightly in H2, DURAR Group expects continued positive momentum through Q4 2025 as developers focus on meeting demand with more sustainable and scalable solutions. 'This is a moment of responsibility as much as opportunity,' Miqdadi added. 'The next wave of success will be defined by how we balance scalability with sustainability, creating homes that respond to the city's evolving population and anticipate how Dubai will live in the decades to come.'
Zawya
10-07-2025
- Business
- Zawya
Dubai's half-year property sales hit Dh326bln as population growth fuels housing demand
Dubai, UAE: The Dubai real estate market recorded a landmark first half of 2025, as population growth, capital value appreciation, and a surge in off-plan investments pushed property transactions to a historic high. According to a recent ValuStrat report analysed by real estate developer DURAR Group, total residential sales soared to AED 326.7 billion across nearly 99,000 transactions – signalling unprecedented momentum and investor confidence. This half-year marks a defining chapter. The influx of nearly 90,000 new residents in just the first quarter has added significant pressure to an already supply-constrained housing market. With only 12,000 homes delivered so far this year, demand has swiftly outpaced availability, elevating both sales prices and rental values across key districts. 'The first half of 2025 has surpassed all expectations, reflecting both the resilience and ambition of Dubai's property sector,' said Mohammed Miqdadi, CEO of DURAR Group. 'We're not just seeing strong numbers, we're witnessing a new phase of sophistication in demand. Buyers today are more design-conscious, globally minded, and increasingly leaning toward future-forward communities anchored in lifestyle and long-term value.' Miqdadi further noted that while capital values have grown across the board, it's the villa segment and select prime locations that have led the surge. Areas like Jumeirah Islands, Palm Jumeirah, and Emirates Hills reached some of the most significant capital appreciation, while apartment hubs such as The Greens and Dubailand also drew consistent demand. Off-plan sales, in particular, continue to dominate investor activity, making up over two-thirds of all residential transactions in H1. With flexible payment structures and compelling new launches in communities like JVC, Dubai South, and Emaar South, the appetite for early-entry opportunities remains strong. Looking ahead, DURAR Group expects growth to moderate slightly but remain firmly positive through Q4 2025. 'As developers, this is a moment of responsibility as much as it is opportunity,' Miqdadi added. 'The next wave of success will be defined by how we balance scalability with sustainability, creating homes that respond to the city's evolving population and anticipate how Dubai will live in the decades to come.' About DURAR Group DURAR is one of the leading property development groups in the UAE offering a range of world-class solutions to its clients, providing development and flexibility in planning to ensure that each client receives strategic and highly personalised solutions. DURAR excels in project planning, both commercially and environmentally, by adopting lifecycle and visibility tools to be employed in the project, and it guarantees on-time deliveries. Its expertise stretches across the entire property spectrum, including residential, commercial, retail, and industrial, specialising in a complete range of cost-effective in-house management services. The company's portfolio includes masterpieces such as J One in Burj Khalifa District, Masa Residence Interior YOO Inspired by Stark, Jasmine Lane Elie Saab Edition, Moonstone and Trio Isle Interiors by Missoni, and many more. For more information, please visit
Mid East Info
01-07-2025
- Business
- Mid East Info
DURAR OCTA and Emirates Islamic announce strategic partnership for new luxury project in Ras Al Khaimah
The collaboration aims to provide secure escrow management and financial transparency for Al Marjan Island's latest development, Trio Isle Interiors by Missoni 'Trio Isle Interiors by Missoni' launches with a smart financial guarantee, a luxurious ownership experience, and a partnership that enhances investor confidence Dubai, UAE,July 2025: DURAR OCTA and Emirates Islamic, one of the leading Islamic financial institutions in the UAE and have announced a partnership to facilitate financial management for the development of Trio Isle Interiors by Missoni, a luxury waterfront residential project on Al Marjan Island, Ras Al Khaimah. As part of this collaboration, Emirates Islamic will provide escrow account services, ensuring secure and transparent financial transactions throughout the project's lifecycle. This includes overseeing the regulation of cash flows and ensuring their allocation according to the approved timeline and construction schedule. This step also confirms the importance of adopting advanced and regulated financial systems within the luxury real estate market in Ras Al Khaimah, especially in projects targeting elite segments and international buyers. Following the success of Moonstone Interiors by Missoni, launched last year in Ras AI Khaimah (RAK) by DURAR Group Development, and the commencement of construction works, Missoni and DURAR OCTA now present their latest project — Trio Isle Interiors by Missoni. This partnership falls within the commitment of both parties to provide a secure and transparent investment environment underscoring the importance of regulated financial practices in Ras Al Khaimah's growing real estate sector, particularly in high-end developments. Supported by Emirates Islamic's advanced digital banking solutions, the escrow management services will enhance investor confidence and streamline project financing, reinforcing Ras Al Khaimah's position as an emerging luxury real estate hub. Trio Isle Interiors by Missoni combines sophisticated design concepts with a luxurious community character, offering an integrated concept of modern waterfront living, and elevating the standards of luxury housing in Ras Al Khaimah to new horizons. It will also offer exclusive Missoni-designed residential units, which include spacious one-, two-, and three-bedroom apartments all infused with the brand's signature design flair. Alberto Caliri, Creative Director at Missoni, emphasised the project's significance: 'We are thrilled to continue this journey with DURAR OCTA. Trio Isle Interiors by Missoni builds upon the remarkable success of Moonstone, offering a refined extension of the Missoni-branded residential experience – where iconic design meets exclusive waterfront luxury.' Mohammed Miqdadi, CEO of DURAR Group, highlighted the emirate's continued rise: 'Al Marjan Island is a remarkable canvas for waterfront living, and this project enhances its status as the new epicentre of luxury real estate. Trio Isle Interiors by Missoni is designed to capture the essence of blissful waterfront living. As a branded residential development with a full range of resort-style features and facilities, residents will truly enjoy the lifestyle at Trio Isle. With Moonstone Interiors by Missoni, we set the benchmark for luxury-branded residences in Ras Al Khaimah. Now, we take that success even further, introducing an elevated concept that embodies waterfront bliss while reinforcing Ras Al Khaimah's rise as a global luxury destination.' Fawaz Sous, CEO of OCTA Development, reinforced the project's significance: 'Following the remarkable success of Moonstone Interiors by Missoni, Trio Isle Interiors by Missoni strengthens the trust global brands place in OCTA Development to deliver exceptional, visionary projects. This development builds upon our proven expertise, bringing a bold new dimension to Al Marjan Island's waterfront experience.' Sous continued: 'What distinguishes 'Trio Isle' is the harmony between luxurious Italian design, a prime waterfront location, and a development vision that we are keen to implement with precision and efficiency. We do not merely offer residential units but rather create an integrated lifestyle that reflects the spirit of modernity and keeps pace with the aspirations of global investors for upscale and sustainable communities. Vivek Shah, Head of Corporate Banking, Emirates Islamic, said: 'Emirates Islamic is proud to announce our new partnership with DURAR OCTA to provide escrow account services for the upcoming Trio Isle Interiors by Missoni development, a project that will enhance investor confidence and expand the real estate market in Ras Al Khaimah. Emirates Islamic will continue in its path of collaboration to deliver innovative products and enhance customer experience, aligning with our vision to be the most innovative Shariah-compliant bank for our customers, people, and communities.' He added, 'By facilitating secure and transparent Escrow account management, and ensuring funds are allocated according to construction milestones, this partnership will help enhance investor confidence and promote efficiency across diverse projects and transactions. With real estate in Ras Al Khaimah experiencing significant growth, Emirates Islamic will support the delivery of secure and regulated practices within a robust financial framework. This will help the investment environment to continue to grow and mature while attracting both regional and international buyers — essential attributes that will maintain and expand interest in real estate in Ras Al Khaimah.' Trio Isle Interiors by Missoni is being developed by DURAR OCTA and is expected to be completed by the first quarter of 2028. About Missoni: Missoni, renowned for its excellence in Italian fashion, was founded in 1953 by Ottavio and Rosita Missoni. A promoter of a vibrant and optimistic aesthetic, Missoni encompasses a wide range of products and projects, including ready-to-wear collections for women and men, sportswear, beachwear, textile accessories, and home furnishings. Art and craftsmanship are inseparably linked in the world of Missoni, where creativity and design are coupled with an undisputed commitment to research and artisanal experimentation, reaching its peak in the development and application of the most sophisticated techniques in the field of knitwear. The brand currently operates prestigious licenses with excellent partners in the fashion and design industry and has undertaken several real estate projects globally. In 2018, the brand entered into a partnership with the Italian Strategic Fund to enhance the visibility of its brand and the significant potential of the company. About DURAR Group: DURAR is one of the leading property development groups in the UAE and offers a range of world-class solutions to its clients, providing development and flexibility in planning to ensure that each client receives strategic and highly personalised solutions. DURAR excels in project planning, both commercially and environmentally, by adopting lifecycle and visibility tools to be employed in the project, and it guarantees on-time deliveries. Its expertise stretches across the entire property spectrum, including residential, commercial, retail, and industrial, specialising in a complete range of cost-effective in-house management services. The company's portfolio includes masterpieces such as J One at Dubai Water Canal, Masa Residence interior by YOO inspired by Philippe Stark, Jasmine Lane by Elie Saab, and Moonstone and Trio Isle Interiors by Missoni. About OCTA Development: OCTA Development, based in Dubai Hills Business Park, is the powerhouse behind the OCTA brand — a trusted name built on over two decades of leadership in Dubai's real estate sector. Their philosophy is shaped by the 'Life' approach, focused on offering premium living, elevating lifestyles, and reimagining experiences. With a multidisciplinary team of over 120 specialists, OCTA Development delivers premium projects with outstanding attention to detail in Dubai's most sought-after destinations. With a track record of over 8,000 units sold and AED 16+ billion in transaction volume, the OCTA brand has positioned itself as a driving force in the region for branded residences. Its industry partners include iconic brands like Missoni, W Residences, Pagani, Elie Saab, Marriott, Mouawad, Rove Home, St. Regis Residences, and Franck Muller. The current pipeline includes flagship launches such as Trio Isle Interiors by Missoni in Ras Al Khaimah and OCTA Isle in Dubai Islands — part of a strategically growing portfolio across the Islands with a projected development value surpassing AED 2 billion. About Emirates Islamic: Emirates Islamic (DFM: EIB), part of Emirates NBD Group, is a leading Islamic financial institution in the UAE. Established in 2004 as Emirates Islamic Bank, the bank has established itself as a major player in the highly competitive financial services sector in the UAE. Emirates Islamic offers a comprehensive range of Shariah-compliant products and services across the Personal, Business and Corporate banking spectrum with a network of 40 branches and 229 ATMs/CDMs across the UAE. In the fast-growing area of online and mobile banking, the bank is an innovator, being the first Islamic bank in the UAE to launch a mobile banking app and offer Apple Pay, as well as being the first Islamic bank in the world to launch Chat Banking services for customers via WhatsApp. Emirates Islamic has consistently received local and international awards, in recognition of its strong record of performance and innovation in banking. Emirates Islamic was recognized as 'Best Overall Islamic Bank' and 'Most Innovative Islamic Bank' at the Islamic Finance News Awards 2024. The Bank was also named the 'Most Innovative Islamic Bank' at the prestigious Euromoney Islamic Finance Awards 2024. As part of its commitment to the UAE community, the Emirates Islamic Charity Fund provides financial aid to those in need, with a focus on food, shelter, health, education and social welfare contributions.
Zawya
20-05-2025
- Business
- Zawya
Construction of Trio Isle in RAK to start in three months
Durar Octa, a joint venture between Dubai-based developer Durar and development management company Octa Properties intend to appoint the main contractor for their waterfront project - Trio Isle Interiors by Missoni - on Al Marjan Island in Ras Al Khaimah within three months, a senior company official said. 'The tender process is open, with 10 contractors invited. Construction will begin in three months for completion and delivery by the first quarter of 2028,' Mohammed Miqdadi, CEO of Durar Group, said on the sidelines of an event to launch the project. While the project cost wasn't disclosed, the 704-unit project includes studios, one-bedroom, two-bedroom, and three-bedroom units with a total built-up area of 1.4 million square feet with a projected sale value of $1.5 billion. Trio Isle Interiors by Missoni comprises three buildings, Isle Block A, Isle Block B and Isle Block C, each designed in style with interiors fitted out by the luxury Italian brand. The middle block does not have studios. 'The project aims to convert from a residential building into a resort-like environment with various amenities," said the Durar CEO. "The minimum price per square foot is AED2,500, with standard sizes in blocks A and C, and larger sizes in Block B.' This is Durar Octa's second project with Missoni in Ras Al Khaimah, following the success of its Moonstone Interiors by Missoni, Ras Al Khaimah's first-ever branded residences, launched last year. 'With Moonstone Interiors by Missoni, we set the benchmark for luxury-branded residences in Ras Al Khaimah. Now, we take that success even further, introducing an elevated concept that embodies waterfront bliss while reinforcing Ras Al Khaimah's rise as a global luxury destination,' Miqdadi said. The project's design highlight is the Trio Effect – three levels of podiums, three swimming pools, three restaurants, and three lobbies – ensuring premium living and a true resort-like lifestyle, complemented by more than 25 amenities, according to a Durar Octa statement. 'As a branded residential development with a full range of resort-style features and facilities, residents will truly enjoy the lifestyle at Trio Isle,' said Fawaz Sous, CEO of Octa Development. 'Trio Isle Interiors by Missoni builds upon the remarkable success of Moonstone, offering a refined extension of the Missoni-branded residential experience – where iconic design meets exclusive waterfront luxury,' added Alberto Caliri, Creative Director at Missoni. (Reporting by Bhaskar Raj; Editing by Anoop Menon)
