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Mid East Info
09-08-2025
- Business
- Mid East Info
Bonds Avenue Residences by Amirah Developments fuels Dubai realty transaction growth to Dh431 bn in H1 - Middle East Business News and Information
Current upward market movement is driving new projects like Bonds Avenue Residences by Amirah Developments, debunking slowdown forecast Bonds Avenue Residences, the first freehold property by Amirah Developments, introduced in the first half of 2025, has helped Dubai's real estate market to record a 25 percent growth in the first half of 2025 to Dh431 billion from Dh345 billion in the same period, last year. The market has recorded 125,538 transactions, a 26 percent yearly growth, thanks to the popularity of projects like Bonds Avenue Residences on Dubai Islands – one of the most-sought after new destinations for investors and property buyers. These results were bolstered by quarterly figures, building on the Dh893 billion transaction momentum from 2024. Despite anticipated headwinds, emerging developers like Amirah Developments are confident that the market will retain its growth trajectory, creating opportunities to launch new projects, particularly in areas poised to be the city's future property hotspots. Amirah Developments, a new entrant in Dubai real estate, made its foray earlier this year with its flagship development, Bonds Avenue Residences, on Dubai Islands. Redefining coastal living at an affordable price, the project caters to an expanding niche of luxury seekers, families, and new-age investors. It is comprised of a selection of apartments, penthouses, and townhouses that are meticulously curated around the needs of the modern resident. Muhammad Yousuf Jafrani, Founder and Chairman of Amirah Developments, said, 'Dubai is a haven for homebuyers. Factors like investor-friendly policies, ease of ownership, robust infrastructure, and elevated standard of living appeal to the global community. The market has proven its resilience over and over again, the latest being the quarterly jump despite concerns of approaching slowdown. This sustainable ecosystem provides the perfect ground for developers to confidently introduce new projects and investors to reap manifold through higher returns.' An upcoming coveted lifestyle destination, Dubai Islands will be a corridor to the emirate's luxury housing landscape. Near about 9,800 global millionaires will make Dubai their home in 2025, as per Henley & Partners Private Wealth Migration Report, and with waterfront living attracting much attention from high-net-worth individuals (HNWIs), developers are coming up with high-profile projects that will boost the luxury housing segment. Amirah's Bonds Avenue Residences is a recent addition to this segment, promising lucrative returns, enhanced lifestyle, and seamless property acquisition. Its location on Dubai Islands offers close proximity to the Arabian Gulf for coastal rejuvenation and some of Dubai's historic landmarks that bear the city's rich heritage. The quarterly growth is a key indicator of the real estate market's resilience. It recorded Dh142.7 billion in the first three months of 2025, gradually rising to Dh184 billion by end of Q2 – that marks the onset of summer, usually a sluggish period. Contrary to the anticipated periodic decline, DXB Interact recorded Dh65 billion transactions in July 2025, one of the top monthly results in the year to date. It was amplified by seasoned and new developers unveiling projects across Dubai, greater capital in-flow, as well as the population influx in Dubai. Bonds Avenue Residences, which was launched late in Q1, received massive expression of interest from buyers, underscoring the evergreen appeal of Dubai irrespective of seasonal downtrends. About Amirah Developments: Amirah Developments is a Dubai-based real estate company committed to redefining urban living through architectural sophistication, sustainability, and thoughtful design. Founded by Mr. Muhammad Yousuf Jafrani, a seasoned real estate entrepreneur with over 15 years of experience in the UAE, the company is anchored in a vision of creating communities that inspire and endure. Driven by innovation and design excellence, Amirah Developments builds more than residences — it crafts livable works of art. Each project is a reflection of refined luxury, environmental responsibility, and long-term value. With a team comprising top architects, designers, and planners, the company ensures global best practices are adapted for the local landscape. Sustainability is central to Amirah's ethos, with developments emphasizing energy efficiency, walkability, and well-being. By focusing on elegance, functionality, and community integration, the company is shaping the next chapter of Dubai's real estate evolution. With the launch of its debut project, Bonds Avenue on Dubai Islands, Amirah introduces a new benchmark in waterfront living blending lifestyle innovation with a striking architectural vision. This marks the beginning of Amirah Development's journey to become a lasting force in the UAE's premium property sector. About Bonds Avenue Residences: Bonds Avenue Residences is the inaugural development by Amirah Developments, setting a bold standard for upscale living on the iconic Dubai Islands. Designed as a sculptural expression of form and function, Bonds Avenue Residences offers a selection of one- to three-bedroom apartments, three-bedroom townhouses and triplexes, and exclusive four-bedroom penthouses. The architecture reflects a corner less, flowing design philosophy- maximizing space, natural light, and unobstructed sea views. Each residence is thoughtfully planned to deliver both aesthetic appeal and modern comfort, enhanced by smart layouts and premium finishes. Amenities at Bonds Avenue Residences include infinity pools, wellness zones, yoga decks, landscaped gardens, padel courts, and dedicated children's areas, all curated to foster holistic, family-oriented lifestyles. The community is seamlessly connected to the rest of Dubai, with quick access to Downtown Dubai, Dubai International Airport, and the Gold Souq Metro Station. Situated in a master-planned coastal environment with over 21 kilometres of beaches and vibrant urban offerings, Bonds Avenue Residences is a destination of both serenity and connectivity. With a 60/40 payment plan and handover in Q1 2027, it caters to investors and homeowners seeking lasting value, architectural brilliance, and beachfront elegance in one of Dubai's most promising locales.
India Gazette
30-06-2025
- Business
- India Gazette
At least 9,800 millionaires are expected to relocate to UAE in 2025
New Delhi [India], June 30 (ANI): The United Arab Emirates continues to solidify its reputation as a premier destination for the world's ultra-wealthy, driven by regulatory reforms, favourable tax policies, and long-term residency options such as the Golden Visa, as reported by the Gulf to the latest Henley & Partners Private Wealth Migration Report, at least 9,800 millionaires are projected to move to the UAE in 2025 alone, underscoring the country's appeal to high-net-worth individuals seeking stability and strategic shipping tycoon John Fredriksen is among the several high-profile billionaires from around the globe who made the move to the UAE. Fredriksen, long based in the UK, has moved a significant part of his business operations from London to the UAE. Once ranked the UK's ninth-richest individual, Fredriksen cited the British government's decision to scrap the long-standing 'non-dom' tax regime as a major catalyst for his relocation. Known for building one of the world's largest oil tanker fleets, his move is seen as symbolic of a broader trend of wealth migration from Britain to the Michael Edward Platt, British billionaire and hedge fund veteran, Michael Platt, co-founder of BlueCrest Capital Management, has also shifted his base to the UAE. The firm, once Europe's third-largest hedge fund, has managed assets exceeding USD 35 billion at its peak. In June 2025, Platt moved his primary residence and family office to Dubai, continuing a UAE expansion that began in 2022 following regulatory approval for BlueCrest's operations in the Bharti Mittal, son of telecom magnate Sunil Bharti Mittal and Managing Director of Bharti Global Ltd, has also made a high-profile shift to Abu Dhabi. As the founder of Unbound, a global technology investment firm, Mittal represents the younger generation of India's Bharti family. In April 2025, he registered a new branch of Unbound in Abu Dhabi amidst tightening tax regimes in the UK. The Bharti family remains the largest individual shareholder in BT Group Pavel Durov, the Telegram founder, has called Dubai home since 2017. After leaving Russia in 2014 due to political pressure, Durov and his brother established the encrypted messaging platform's global headquarters in the UAE. Now a UAE citizen, Durov was ranked the world's 120th richest person in 2024 and was previously named the richest expatriate in the UAE by Forbes. In 2023, Arabian Business hailed him as Dubai's most powerful Sawiris, Egypt's richest man, Nassef Sawiris, has also chosen the UAE as his financial base. In late 2023, his family office, NNS Group, relocated to the Abu Dhabi Global Market (ADGM). Sawiris controls a 30 per cent stake in OCI NV, a leading global fertiliser producer, and owns significant shares in Adidas and LafargeHolcim. His move reinforces Abu Dhabi's growing status as a global hub for elite wealth to the report of Gulf news, a combination of political stability, robust financial infrastructure, and investor-friendly climate continues to draw the world's most influential entrepreneurs and financiers to UAE. About 9,800 millionaires are expected to move to the UAE in 2025, from hedge fund moguls to tech innovators. Dubai and Abu Dhabi are rapidly becoming the new centres of global wealth and power. (ANI)
NDTV
30-06-2025
- Business
- NDTV
UAE To Welcome 9,800 Millionaires In 2025: Report
New Delhi: The United Arab Emirates continues to solidify its reputation as a premier destination for the world's ultra-wealthy, driven by regulatory reforms, favourable tax policies, and long-term residency options such as the Golden Visa, as reported by the Gulf News. According to the latest Henley & Partners Private Wealth Migration Report, at least 9,800 millionaires are projected to move to the UAE in 2025 alone, underscoring the country's appeal to high-net-worth individuals seeking stability and strategic advantage. Norwegian-born shipping tycoon John Fredriksen is among the several high-profile billionaires from around the globe who made the move to the UAE. Fredriksen, long based in the UK, has moved a significant part of his business operations from London to the UAE. Once ranked the UK's ninth-richest individual, Fredriksen cited the British government's decision to scrap the long-standing "non-dom" tax regime as a major catalyst for his relocation. Known for building one of the world's largest oil tanker fleets, his move is seen as symbolic of a broader trend of wealth migration from Britain to the Gulf. Additionally, Michael Edward Platt, British billionaire and hedge fund veteran, Michael Platt, co-founder of BlueCrest Capital Management, has also shifted his base to the UAE. The firm, once Europe's third-largest hedge fund, has managed assets exceeding USD 35 billion at its peak. In June 2025, Platt moved his primary residence and family office to Dubai, continuing a UAE expansion that began in 2022 following regulatory approval for BlueCrest's operations in the region. Shravin Bharti Mittal, son of telecom magnate Sunil Bharti Mittal and Managing Director of Bharti Global Ltd, has also made a high-profile shift to Abu Dhabi. As the founder of Unbound, a global technology investment firm, Mittal represents the younger generation of India's Bharti family. In April 2025, he registered a new branch of Unbound in Abu Dhabi amidst tightening tax regimes in the UK. The Bharti family remains the largest individual shareholder in BT Group Plc. Furthermore, Pavel Durov, the Telegram founder, has called Dubai home since 2017. After leaving Russia in 2014 due to political pressure, Durov and his brother established the encrypted messaging platform's global headquarters in the UAE. Now a UAE citizen, Durov was ranked the world's 120th richest person in 2024 and was previously named the richest expatriate in the UAE by Forbes. In 2023, Arabian Business hailed him as Dubai's most powerful entrepreneur. Nassef Sawiris, Egypt's richest man, Nassef Sawiris, has also chosen the UAE as his financial base. In late 2023, his family office, NNS Group, relocated to the Abu Dhabi Global Market (ADGM). Sawiris controls a 30 per cent stake in OCI NV, a leading global fertiliser producer, and owns significant shares in Adidas and LafargeHolcim. His move reinforces Abu Dhabi's growing status as a global hub for elite wealth management. According to the report of Gulf news, a combination of political stability, robust financial infrastructure, and investor-friendly climate continues to draw the world's most influential entrepreneurs and financiers to UAE. About 9,800 millionaires are expected to move to the UAE in 2025, from hedge fund moguls to tech innovators. Dubai and Abu Dhabi are rapidly becoming the new centres of global wealth and power.
Yahoo
09-05-2025
- Business
- Yahoo
What you need to know if you're planning to move to Dubai
The statistics tell the story. In 2024, Henley & Partners' Private Wealth Migration Report revealed that 9,500 millionaires left the UK for better alternatives in Europe and Asia, many of them flying to the "millionaire magnet" UAE that happily welcomed 6,700 global high-networth individuals to its sunny shores. The trend continues well into 2025. The Gulf state's appeal is not surprising. World Bank data shows the UAE's Gross National Income (GNI) per capita hit $76,780 — about 35% higher than the UK's $56,780 in 2023. Add to the mix the much-vaunted "tax-free regime" and the lure of a luxury lifestyle — think waterfront villas, glitzy nightlife, and world-class dining — and you get an irresistible package. Largely crime-free cities with increasingly liberal social and legal norms make it easier than before for Westerners to integrate. If the UAE dream looks too good to be true, it's because it sometimes is. In a nation where Emiratis make up just 12% of the population, UK nationals have long been a familiar presence. But a sluggish economy, an uncertain dollar, and a weakened pound have accelerated the desire among both the ultra-wealthy and middle-class professionals to consider packing their bags. Today, around 240,000 Britons are estimated to live in Dubai — more than live in Oxford. Read more: 13 tips for a luxury holiday to Dubai However, beneath the glossy brochures, celebrity reels, and promises made by immigration consultants, can lie hidden costs and legal realities that demand due diligence. We spoke to UAE-based experts across finance, real estate, business, recruitment, and education for an essential guide on all that you need to know before making that big move. Recent data shows Dubai's cost of living is about 28%-30% lower than London's, with groceries, dining out, and utilities noticeably easier on the wallet. With just 5% VAT, compared to the UK's 20%, zero property taxes compared to £1,000-£4,000 annual council tax, a pro-business environment and streamlined company set-up, licensing and visa processes, Dubai appears to live up to the "work hard, save more, live large" mantra. However, Vijay Valecha, chief investment officer of investment firm Century Financial, sounds a warning bell on lifestyle inflation. 'In the UK, income tax of up to 45%, capital gains taxes, and a national insurance scheme can temper your earnings. With none of these taxes in the UAE, an expat gets more disposable income, which could lead to overspending,' he says. Valecha outlines typical monthly costs beyond rent and education — food (approximately £700 for a family of four), mandatory health insurance (£600), private transport (£500), utilities (£300), and entertainment (could vary widely). But it's the hidden expenses and the cumulative costs of car ownership, insurance, fines, and lifestyle that often derail newcomers' financial plans. Valecha's game plan for staying ahead: Automate 20%-30% of income into global and regional investments ranging from equities and fixed-income products to high-yield UAE real estate. Build an emergency fund and make early retirement plans through International Self-Invested Personal Pensions (SIPPs) or UAE-specific pension schemes. Hedge against currency swings with multi-currency accounts and time remittances smartly. Be mindful of obligations like UK inheritance tax (IHT), now linked to residency rather than domicile status. Prioritise estate planning and register wills with DIFC Wills Service or Abu Dhabi Judicial Department. Work only with licensed advisors registered with the Securities and Commodities Authority (SCA), Dubai Financial Services Authority (DFSA), or RERA to mitigate risks and stay ahead of evolving tax laws. High living standards, the absence of property taxes and stamp duty, and good returns make a compelling case for the UAE's residential real estate market, now valued at around $390bn. With Abu Dhabi and Dubai's average apartment price registering a year-on-year increase of nearly 11% and 18%, respectively, and average villa values growing by about 12% and 20%, hedging on the burgeoning UAE real estate scene works well for an expat. Incidentally, UK residents accounted for nearly 15% of all foreign real estate transactions in 2024. The reasons are familiar — steady growth fueled by immigration, job creation, and heavy public investment in cultural and tourist infrastructure. Ben Crompton, managing partner of Crompton Partners, Abu Dhabi, highlights strong activity in the luxury segment. "The super-prime areas of Saadiyat and Yas Islands in Abu Dhabi have given the best returns for capital appreciation. For rental yields, communities like Reem Island offer up to 8% gross return on investment," he says. Read more: How to save money on a holiday to Dubai In the "renting versus buying" debate, Crompton advises expats to carefully weigh their options. Ready-built units offer immediate rental income, while off-plan properties may provide stronger capital gains. With mortgage rates around 4% and nonresidents able to borrow up to 50% of a property's value, Crompton believes it's wise to buy a house. "Buying is simple here, but conveyancing is handled by agents, not lawyers. So always deal with reputable companies, whether renting or buying," he cautions. Meanwhile, in Dubai, large-scale villa and townhouse communities as well as waterfront and green developments alongside new areas like Port Rashid, Maritime City, The Valley, and Dubai South are proving particularly attractive. "Make strategic choices about where to live versus where to invest. Some areas offer stable living environments, while others deliver higher ROI," advises Eyal Ashur, sales consultant at Dubai-based AQUA Properties. "But new arrivals should rent in the short term. Rules here are simpler than in Europe. You can rent as soon as you get your Emirates ID." Ashur also points to the appeal of the UAE's Golden Visa. "With the two-million-dirham threshold, expats can now secure long-term residency and sponsor direct family members, even with a mortgage," he says. A 5% VAT rate, pro-investor policies, world-class infrastructure and connectivity, and a thriving expat business scene have turned the UAE into an attractive playground for entrepreneurs. Ananda Shakespeare, founder of leading PR firm Shakespeare Communications, made the move in 2005 and has watched the landscape transform over the years. She highlights a major shift for the positive sentiment — the UAE's move to a Monday-Friday work week from Sunday-Thursday, better aligning with Western markets. "Setting up here is more expensive than in the UK," Shakespeare notes. "It's not just the licence; there are extras that aren't always obvious upfront. Every employee visa comes with added costs — medicals, Emirates ID, labour card, etc. But once established, the payoff is worth it. You can renew online annually and pay fees remotely. Plus, there are more options now for company formations and residence visas, including the 10-year Golden Visa." For many, free zones are the biggest lure, offering 100% foreign ownership, no personal tax, very low corporate tax, and full profit repatriation. But whether you opt for a free zone or mainland setup, Shakespeare advises bringing in solid HR and legal support to stay compliant. "Always get a full cost breakdown in writing before you start,' she says. "Business is competitive but open. Informal networking and coffee meetings can go a long way. And when launching, partner with an established PR agency to spread the word." For UK families moving to the UAE, the education landscape offers a familiar yet globally enriched experience. State-of-the-art facilities, resources, extracurricular programmes, and easy accessibility to UK university pathways have made institutions like Nord Anglia Education (NAS) schools, Swiss International Scientific School, Sunmarke School, GEMS, and Repton popular among British expats. The demand for British curriculum schools has surged. Nicholas Rickford, principal of Sunmarke School, notes a marked increase in enquiries from UK-based parents following the announcement of VAT on private school fees. "British families often tell us they are drawn by the range of academic pathways we offer — including GCSEs, A-Levels, the IB Diploma and BTECs — along with strong pastoral care and a commitment to holistic development," he says. Read more: How to plan for retirement and track your pension pot income However, for expat families, private schooling with steep fees is the only option available. At a premium school like Sunmarke, annual fees range from approximately £11,000 for early years to about £18,000 in the sixth form. Yet, compared to the UK private day school fees — typically between £15,000 and £25,000 — the UAE offers competitive value while adhering to regulatory standards and ratings by Dubai's Knowledge and Human Development Authority (KHDA) and accreditations like British Schools Overseas (BSO). And then there is the advantage of multicultural learning. Maria Murgian, director of communications at NAS, points to smaller class sizes, a highly qualified (mostly UK-trained) international teaching staff, and modern facilities as key advantages her school offers over many UK counterparts. "We have students from 98 nationalities, which creates a more diverse learning environment and prepares students for a globalised world," she says. To choose the best school, Murgian recommends factoring in curriculum offerings, KHDA ratings, location, tuition costs, and facilities. 'But also note how a school's values align with those of the family. Think about the environment your child will thrive in and how transparent the school is in communicating with parents,' she says. Rickford advises parents to begin applications between late September and November with previous school reports and transfer certificates on hand to ease the process. "Most importantly, visit several schools virtually or in person to really understand its atmosphere, teaching approach, and support systems." Eyeing career opportunities? There's both good and bad news. Specialist fields, tech, AI, cybersecurity, data science, cloud infrastructure, performance marketing, e-commerce, financial services, and luxury consumer brands are hot. But the landscape is fiercely competitive, driven by the sheer volume of talent flowing in from across the globe. Justin McGuire, CEO and co-founder of the MENA region at MCG Talent, says, "If you're in a niche vertical or have experience in areas like AI or cloud, you'll have more luck. But the bar's never been higher." Credentials aside, what employers seek is regional know-how, more precisely, UAE or Middle East experience. "You could have a stack of certifications and a shiny CV, but if you don't understand how things operate here — how business gets done, decisions are made, and the cultural dynamics — you'll struggle," McGuire says. "Senior commercial roles with proven GCC results are what get traction." Salaries, too, require a reality check. "Don't expect high salaries or quick offers without regional experience or a niche skill set. Many salaries are now benchmarked locally, not to what you earned in the UK. The tax-free element helps, but base salaries aren't what they were in 2015," he says. McGuire's advice: "Don't move here without a job. The UAE is not the place to roll the dice. Treat job hunts like a campaign — start early, build connections, engage in online communities, and find someone who knows someone. Relationships still count more than CVs." Read more: Who wears the financial trousers in your relationship? 8 intriguing homes with links to World War Two Five questions you shouldn't be asked in a job interviewError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
