Latest news with #ProvidentEstate
Arabian Business
4 days ago
- Business
- Arabian Business
Dubai property market hits record $40.2bn in Q2 2025 residential sales
Dubai's real estate market continues to break records, with Q2 2025 marking the highest-ever second quarter for residential property sales by both volume and value, according to a new market report from Provident Estate. The city recorded 49,606 residential transactions, up 22 per cent from Q2 2024 and a massive 82 per cent increase compared to Q2 2023, reaffirming Dubai's global status as a prime investment destination. Total residential sales hit AED 147.6bn ($40.2bn) — a sharp rise from AED 103.9bn ($28.3bn) in Q2 2024 and AED 70.2bn ($19.1bn) in Q2 2023. Dubai real estate growth Laura Adams, Secondary Sales Director at Provident Estate, said: 'These numbers are more than just market growth, they represent a shift in how the world views Dubai real estate. 'Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally.' The report attributes this growth to continued demand for both off-plan developments and high-quality secondary market homes, driven by Dubai's business-friendly policies, world-class infrastructure, and tax-efficient environment. Adams added: 'We're not just reporting data, we're shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally.' Q2 Dubai property market highlights
Arab News
5 days ago
- Business
- Arab News
Dubai real estate booms with 50k homes sold in Q2
JEDDAH: Dubai's residential property market posted a 22 percent year-on-year rise in sales during the second quarter of 2025, reaching 49,606 transactions, driven by strong demand from both domestic and international investors, particularly in the off-plan and resale segments. According to a new report by Provident Estate, the figures also mark an 82 percent jump from Q2 2023, underscoring the emirate's growing appeal as a global real estate hub. The second-quarter uptick builds on a robust start to the year. In Q1, Dubai saw over 42,000 residential deals worth 114.15 billion dirhams, with an average sale price of 2.7 million dirhams. Off-plan properties continued to dominate, while the ready-home segment also showed strong performance, the report noted. The momentum reflects broader regional trends across the Gulf Cooperation Council, where economic diversification, pro-investment reforms — such as relaxed foreign ownership rules and long-term residency options — are reshaping real estate dynamics. Similar demand growth is being observed in Saudi Arabia, Qatar, Oman, Bahrain, and Kuwait. 'These numbers are more than just market growth; they represent a shift in how the world views Dubai real estate. Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally,' said Laura Adams, secondary sales director at Provident Estate. Dubai's total property transaction value climbed to 147.6 billion dirhams in Q2 2025, up from 103.9 billion dirhams a year earlier and 70.2 billion dirhams in Q2 2023. The average sale price rose to 2.97 million dirhams, while the price per square foot increased to 1,823 dirhams — further signaling buyer confidence in the emirate's long-term real estate prospects. Provident Estate attributed the market's performance to sustained interest in both new developments and completed properties, supported by Dubai's investor-friendly climate, advanced infrastructure, and tax-efficient environment. The firm noted that Dubai continues to be a preferred destination for investors seeking global exposure and lasting value. Compiled from proprietary data and in-depth analysis, Provident's quarterly report aims to provide a comprehensive snapshot of current market trends. 'We are not just reporting data — we are shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally,' Adams added. With favorable regulations, lifestyle-driven demand, and continued economic transformation under UAE Vision 2031, the report forecasts sustained growth in Dubai's property market through the remainder of 2025.
Zawya
5 days ago
- Business
- Zawya
Dubai's Residential Real Estate Market surges in Q2 2025: Transaction volumes and average prices see notable growth
Dubai, UAE – Dubai's property market is showing no signs of slowing down. The city has posted its highest-ever second quarter in terms of residential sales volume and value, reaffirming its global standing as a prime real estate destination. According to the latest market report released by Provident Estate, Q2 2025 witnessed 49,606 residential sales transactions, up by 22% from Q2 2024 and a striking 82% surge compared to Q2 2023. This explosive growth reflects a sustained appetite from both local buyers and global investors looking to secure assets in one of the world's most dynamic property markets. Total sales reached a staggering AED 147.6 billion, climbing from AED 103.9 billion in Q2 2024 and AED 70.2 billion in Q2 2023. The average sale price also saw an impressive rise to AED 2.97 million, while the price per sq ft increased to AED 1,823, signaling strong confidence in the city's long-term real estate value. 'These numbers are more than just market growth, they represent a shift in how the world views Dubai real estate,' said Laura Adams, Secondary Sales Director at Provident Estate and the author of the report. 'Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally.' Key Highlights from the Q2 2025 Report: The surge is being driven by continued demand for both off-plan developments and high-quality secondary market homes, fueled by Dubai's business-friendly environment, world-class infrastructure, and tax-efficient living. This quarterly report, curated and analyzed by Laura Adams, leverages proprietary sales data and market intelligence from Provident Estate, offering a trusted lens into real-time property trends across the emirate. 'We're not just reporting data, we're shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally,' Laura Adams adds. Provident Estate offers full-spectrum property services across residential, commercial, and off-plan sales. With a reputation for integrity, transparency, and expertise, Provident continues to set the benchmark for excellence in Dubai real estate. Discover what these numbers mean for your next investment. About Provident Estate: Pursuing excellence since 2008. Provident Estate is a one-stop shop for all things real estate. With a resolution to always offer 5-star service to their clients, Provident Estate are here for property requirements and queries. At the crux of the business, Provident Estate work relentlessly to provide hassle-free tailored real estate advice and consultancy for investors and families alike who are looking to find the perfect home. Provident Estate takes pride in the diverse portfolio of not just services but also the team members behind the company. With over 22 different nationalities speaking 25+ different languages, all are ready to answer property-related questions. Provident are available to help with buying and leasing as well as property management all the way through to looking for the correct financing options or even finding a perfect holiday home. The company pride themselves in being transparent, honest and professional to deliver the best results to clients.
Khaleej Times
08-07-2025
- Business
- Khaleej Times
Expo City Dubai emerges as real estate hotspot amid surging global investor confidence
Dubai's Expo City is rapidly gaining investors' appeal as a premier destination in the UAE, attracting significant interest from global buyers — particularly high-net-worth individuals from Germany and Switzerland. A combination of visionary planning, robust infrastructure, and compelling returns has turned this government-backed smart city into a magnet for real estate investment, setting the stage for a long-term boom. In a sign of growing confidence, six full buildings, multiple floors, and dozens of individual units were sold in just two months, led by Provident Estate. Senior investment adviser Walid Alok, who sold several entire buildings in less than 40 days, describes Expo City as 'the number one investment opportunity in Dubai today.' He attributes this surge to the city's infrastructure readiness and data-backed sustainability efforts, which resonate deeply with discerning European investors. 'We've seen more European capital move into Dubai in the past two years than ever before. German-speaking investors especially are showing a clear preference for Expo City's long-term vision and performance,' says Loai Al Fakir, CEO of Provident Estate. Family offices and institutional buyers from Germany and Switzerland are diversifying their portfolios by shifting funds into this smart urban precinct, confident in its master-planned potential and immediate visibility. Dubai's 2040 Urban Master Plan identifies Expo City as a key pillar of the city's expansion. With integrated business hubs, innovation districts, educational zones, and residential clusters, the area is engineered to support future-ready urban living. For investors, this translates into a rare opportunity to enter early in a high-growth market backed by government strategy and world-class planning. Industry insiders highlight the transformation of Expo City from a world exposition venue into a thriving mixed-use urban centre as a key catalyst for demand. 'Expo City is no longer just a legacy site — it's an evolving community attracting families, professionals, and corporates alike,' says a consultant from Betterhomes. The shift is driving a surge in both residential and commercial real estate activity, creating fertile ground for capital appreciation. The Dubai Land Department (DLD) has also reported rising transaction volumes in and around Expo City since the start of 2025. Analysts at Knight Frank and Core Real Estate note that properties in this zone are experiencing some of the fastest appreciation rates in Dubai, with price growth outpacing several established neighbourhoods. Rental yields, particularly for smart homes and sustainable living units, are exceeding citywide averages, further fuelling investor interest. The infrastructural enhancements in and around Expo City have played a pivotal role in this momentum. The Dubai Metro extension now directly connects the area to the rest of the city, supported by newly built highways, schools, retail outlets, and healthcare facilities. This accessibility, combined with Expo City's emphasis on green architecture and digital integration, makes it an ideal fit for modern urban lifestyles. Off-plan developments in Expo City are also drawing strong investor confidence. With reliable developers, phased delivery timelines, and smart technologies embedded into the blueprints, buyers are betting on long-term value creation. According to industry data, more than 60 per cent of the new buyers in Expo City this year have opted for off-plan units, underscoring a bullish outlook on the precinct's real estate is another growth segment within Expo City. High-end villas and premium apartments featuring smart home integrations, energy-efficient designs, and exclusive community access are in high demand. Price forecasts by Asteco and CBRE suggest luxury property values in and around Expo City could climb by 10 to 15 per cent annually over the next three years, driven by limited supply and sustained global commercial investors, the influx of businesses relocating to Expo City adds another layer of appeal. Startups, green tech companies, and innovation-focused enterprises are choosing the area for its sustainability-first ecosystem and international brand value. This is creating upward pressure on demand for office space and retail units, with average commercial rents rising steadily since the start of the impact of Expo 2020 continues to ripple through Dubai's property market, with Expo City standing as the most prominent beneficiary of that global visibility. As Dubai positions itself as a hub for innovation, sustainability, and business excellence, Expo City serves as a model for future-ready urban development, real estate experts say. With its strong fundamentals, government support, and growing global recognition, Expo City Dubai is emerging as a blueprint for the future of urban living in the region, according to industry insiders.
Zawya
08-07-2025
- Business
- Zawya
Expo City emerges as top choice for German investors
Dubai, UAE – Backed by visionary government planning and a booming real estate market, Expo City Dubai is fast becoming the top destination for international investors, particularly from Germany and Switzerland. In a major show of confidence, 6 full buildings, multiple floors, and dozens of individual units have been sold in just 2 months-led by Provident Estate with their Senior Investment Advisor Walid Alok who sold full buildings in less than 40 days. 'Expo City is the number one investment opportunity in Dubai today,' says Walid Alok 'The city's commitment to infrastructure and sustainability has created the kind of data-driven market confidence that appeals strongly to German investors.' Why Expo City is Attracting Global Capital Government-backed mega-development with long-term infrastructure investment Strategic location, smart city design, and future-proof masterplan High ROI potential and attractive rental yields A hub for business, sustainability, and global innovation German Confidence is Reshaping Dubai's Real Estate Map Recent transactions reflect a noticeable capital shift from Europe to Dubai. High-net-worth individuals and family offices from Germany and Switzerland are increasingly redirecting their real estate portfolios to Expo City. 'We've seen more European capital move into Dubai in the past 2 years than ever before,' Loai Al Fakir, CEO of Provident Estate adds 'German-speaking investors especially are showing a clear preference for Expo City's vision and performance.' With a proven track record and deep market expertise, Provident Estate continues to be a leading force in Dubai real estate. Senior Investment Advisor Walid Alok has played a pivotal role in positioning Expo City as a prime investment destination—closing full buildings transactions and managing portfolios for investors overseas. From full portfolio planning to after-sales support and property management, Provident offers international investors a seamless, end-to-end investment journey. Cultural Intelligence = Investment Confidence Fluent in both European and Arab cultures, Walid bridges the gap between markets with clear, tailored advice. His ability to align with international investor mindsets has made him a trusted advisor for German-speaking clients entering Dubai's property landscape. -Ends- About Provident Estate: Pursuing excellence since 2008. Provident Estate is a one-stop shop for all things real estate. With a resolution to always offer 5-star service to their clients, Provident Estate are here for property requirements and queries. At the crux of the business, Provident Estate work relentlessly to provide hassle-free tailored real estate advice and consultancy for investors and families alike who are looking to find the perfect home. Provident Estate takes pride in the diverse portfolio of not just services but also the team members behind the company. With over 22 different nationalities speaking 25+ different languages, all are ready to answer property-related questions. Provident are available to help with buying and leasing as well as property management all the way through to looking for the correct financing options or even finding a perfect holiday home. The company pride themselves in being transparent, honest and professional to deliver the best results to clients. Website: Instagram:@providentestate LinkedIn: @providentestate For PR inquiries, contact Charline Abi Rached, Brand Manager Email: charline@
