Latest news with #TalalAlDhiyebi
Al Etihad
4 days ago
- Business
- Al Etihad
Awqaf Abu Dhabi and Aldar to develop Dh70m real estate endowment project to support People of Determination and patients with chronic diseases
29 May 2025 20:17 ABU DHABI (ALETIHAD)The Endowments and Minors Funds Authority (Awqaf Abu Dhabi) and Aldar have partnered to develop a real estate endowment project, valued at Dh70 million, in support of the Awqaf Abu Dhabi Life Endowment from the project will be dedicated to enhancing healthcare access, specifically by covering treatment costs and providing support for individuals with chronic illnesses, and, People of Determination. The initiative aligns with goals of the Awqaf Abu Dhabi Life Endowment campaign, launched by Awqaf Abu Dhabi, as well as Aldar's commitment to driving long-term community impact through strategic investments in social Abu Dhabi will provide the land, while Aldar will lead with its design, development, and delivery. The project introduces an innovative and sustainable model of real estate investment, generating recurring income that will be reinvested into strengthening the healthcare system and enhance its capacity to meet future by the Endowments and Minors Funds Authority (Awqaf Abu Dhabi), the Awqaf Abu Dhabi Life Endowment campaign, under the slogan With You For Life, aims to build a lasting fund to support the healthcare needs of underserved groups. This includes access to medications, mental health services, and other forms of medical General of Awqaf Abu Dhabi, His Excellency Fahad Abdulqader Al Qassim, said, 'The Awqaf Abu Dhabi Life Endowment campaign marks a significant shift in the use of endowments for development. It moves beyond traditional models to create an innovative, sustainable system of endowments that direct resources to strengthen the vital healthcare sector. This approach ensures ongoing giving and support, promotes community well-being, and improves public health.''Awqaf Abu Dhabi believes in leveraging endowment assets as a sustainable source of funding for development, providing a consistent revenue stream for social and healthcare projects. This endowment project, developed in collaboration with Aldar, embodies this vision. It will generate sustainable income to strengthen the healthcare system's capacity to provide long-term care for individuals with chronic illnesses, and People of Determination.' Group Chief Executive Officer at Aldar, Talal Al Dhiyebi, said, 'We are honoured to collaborate with Awqaf Abu Dhabi on this groundbreaking endowment project, which underscores the importance of public-private partnerships in developing innovative solutions to address social challenges. By leveraging real estate investment, the initiative will provide greater access to healthcare for those who need it most, reflecting the UAE's deeply rooted values of giving and social solidarity.'
Hi Dubai
26-05-2025
- Business
- Hi Dubai
UAE Real Estate Transactions Surge Past AED239 Billion in First Quarter of 2025
Real estate activity across five UAE emirates soared to over AED239 billion in the first quarter of 2025, signaling strong investor confidence and robust market momentum, official data revealed. Between January and March, more than 94,700 sales, purchases, and mortgage deals were recorded in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah. This marked a significant upswing in the country's property sector, driven by flexible regulations and an expanding pipeline of development projects. Abu Dhabi posted AED25.3 billion in transactions, a 34.5 percent increase compared to the same period in 2024. The emirate saw 3,819 sale deals worth AED15.51 billion and 3,077 mortgage transactions totaling AED9.8 billion, reflecting strong market activity. Dubai led the market with AED193 billion in real estate transactions from 58,039 deals, up 16.2 percent in value year-on-year. Sales reached AED142 billion from 45,077 transactions, a 30 percent rise, while mortgages grew by 27 percent in volume to AED41 billion. Sharjah's property sector recorded AED13.2 billion in deals, growing nearly 32 percent year-on-year. Ajman's market also expanded by 29 percent, totaling AED5.55 billion, including AED3.69 billion from sales and purchases and AED905 million from mortgages. Ras Al Khaimah reported strong demand for residential off-plan properties, with sales exceeding AED2.4 billion from over 1,300 transactions, highlighting growth in the northern emirate's housing market. Talal Al Dhiyebi, CEO of Aldar Properties, attributed the surge to the UAE's overall economic progress, positioning the country as a top destination for living, working, and investing. Aldar alone posted AED8.9 billion in Q1 sales, up 42 percent from last year, with occupancy rates above 95 percent. The strong start to 2025 underscores continued confidence and growth potential in the UAE's real estate landscape. News Source: Emirates News Agency
Zawya
26-05-2025
- Business
- Zawya
Real estate transactions in five UAE emirates reach $65bln in Q1
ABU DHABI: Real estate transactions across five emirates in the UAE surged to over AED239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. More than 94,719 sales, purchase, and mortgage deals were recorded from January through March in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, marking a robust start to the year for the UAE's property sector. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said the UAE's real estate boom is fuelled by the country's broader economic and cultural progress, making it one of the world's most attractive destinations for living, working, and investing. In statements to the Emirates News Agency (WAM), he said that Aldar reported AED8.9 billion in Q1 sales, a 42 percent year-on-year increase, with portfolio occupancy rates exceeding 95 percent by the end of the quarter. Abu Dhabi posted AED25.3 billion in total real estate transactions, up 34.5 percent from Q1 2024. This included 3,819 sale deals worth AED15.51 billion—up 26.7 percent—and 3,077 mortgage transactions totalling AED9.8 billion, a 49 percent increase, according to the Abu Dhabi Real Estate Centre. Dubai accounted for the largest share, with AED193 billion in real estate transactions, resulting from 58,039 transactions, a growth of 16.2 percent in value and 31.5 percent compared to 2024. The Dubai Land Department reported AED142 billion in sales from 45,077 deals, marking a 30 percent increase in value compared to the same period last year. Mortgages reached AED41 billion from 10,949 transactions, up 27 percent in volume. The remainder came from grants and exchanges. Sharjah recorded AED13.2 billion in property transactions from 24,597 deals, up 31.9 percent year-on-year, data from the Sharjah Real Estate Registration Department showed. Ajman registered AED5.55 billion in total transactions, reflecting a 29 percent increase. Of this, AED3.69 billion came from 3,132 2 sales and purchase transactions, and AED905 million from 498 mortgage transactions, with the remainder comprising grants and property exchanges. In Ras Al Khaimah, residential off-plan sales exceeded AED2.4 billion from more than 1,300 transactions, according to a report by CBRE, highlighting continued demand in the northern emirate's housing market.
Gulf Business
25-05-2025
- Business
- Gulf Business
Five emirates, Dh239bn: UAE real estate rockets in early 2025
Real estate transactions across five emirates in the UAE surged to over Dh239bn in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. Read- More than 94,719 sales, purchase, and mortgage deals were recorded from January through March in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, marking a robust start to the year for the UAE's property sector, Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said the UAE's real estate boom is fuelled by the country's broader economic and cultural progress, making it one of the world's most attractive destinations for living, working, and investing. In statements to the Emirates News Agency (WAM), he said Aldar reported Dh8.9bn in Q1 sales—a 42 per cent year-on-year increase—with portfolio occupancy rates exceeding 95 per cent by the end of the quarter. Abu Dhabi posted Dh25.3bn in total real estate transactions, up 34.5 per cent from Q1 2024. This included 3,819 sale deals worth Dh15.51bn—up 26.7 per cent—and 3,077 mortgage transactions totalling Dh9.8bn, a 49 per cent increase, according to the Abu Dhabi Real Estate Centre. Dubai accounted for the largest share, with Dh193bn in real estate transactions resulting from 58,039 transactions—a growth of 16.2 per cent in value and 31.5 per cent in volume compared to 2024. The Dubai Land Department reported Dh142bn in sales from 45,077 deals, marking a 30 per cent increase in value compared to the same period last year. Mortgages reached Dh41bn from 10,949 transactions, up 27 per cent in volume. The remainder came from grants and exchanges. Sharjah recorded Dh13.2bn in property transactions from 24,597 deals, up 31.9 per cent year-on-year, data from the Sharjah Real Estate Registration Department showed. Ajman registered Dh5.55bn in total transactions, reflecting a 29 per cent increase. Of this, Dh3.69bn came from 3,132 sales and purchase transactions, and Dh905m from 498 mortgage transactions, with the remainder comprising grants and property exchanges. In Ras Al Khaimah, residential off-plan sales exceeded Dh2.4bn from more than 1,300 transactions, according to a report by CBRE, highlighting continued demand in the northern emirate's housing market.
Gulf Today
24-05-2025
- Business
- Gulf Today
Real estate deals in five UAE emirates reach Dhs239 billion in Q1
Real estate transactions across five emirates in the UAE surged to over Dhs239 billion in the first quarter of 2025, underpinned by investor confidence, flexible regulations, and expanding project pipelines, official data showed. More than 94,719 sales, purchase, and mortgage deals were recorded from January through March in Abu Dhabi, Dubai, Sharjah, Ajman, and Ras Al Khaimah, marking a robust start to the year for the UAE's property sector. Talal Al Dhiyebi, Group Chief Executive Officer at Aldar Properties, said the UAE's real estate boom is fuelled by the country's broader economic and cultural progress, making it one of the world's most attractive destinations for living, working, and investing. In statements to the Emirates News Agency (WAM), he said that Aldar reported Dhs8.9 billion in Q1 sales, a 42 per cent year-on-year increase, with portfolio occupancy rates exceeding 95 per cent by the end of the quarter. Abu Dhabi posted Dhs25.3 billion in total real estate transactions, up 34.5 per cent from Q1 2024. This included 3,819 sale deals worth Dhs15.51 billion-up 26.7 per cent-and 3,077 mortgage transactions totalling Dhs9.8 billion, a 49 per cent increase, according to the Abu Dhabi Real Estate Centre. Dubai accounted for the largest share, with Dhs193 billion in real estate transactions, resulting from 58,039 transactions, a growth of 16.2 per cent in value and 31.5 per cent compared to 2024. The Dubai Land Department reported Dhs142 billion in sales from 45,077 deals, marking a 30 per cent increase in value compared to the same period last year. Mortgages reached Dhs41 billion from 10,949 transactions, up 27 per cent in volume. The remainder came from grants and exchanges. Sharjah recorded AED13.2 billion in property transactions from 24,597 deals, up 31.9 per cent year-on-year, data from the Sharjah Real Estate Registration Department showed. The growth reflects increasing investor confidence in Sharjah's stable and investor-friendly environment, supported by advanced infrastructure and a diverse range of investment opportunities. A total of 8,123 sales transactions were recorded during the quarter, a 32.2 percent increase from 6,146 in Q1 2024. The transactions were spread across 169 areas, covering 46 million square feet and amounting to Dhs10.7 billion. The highest number of sales was recorded in Muwailih Commercial with 1,787 transactions worth Dhs1.9 billion, followed by Al-Belaida (902 transactions, Dhs851 million), and Al-Khan (536 transactions, Dhs665 million). Residential properties dominated the sales segment, accounting for 78.9 per cent of transactions (2,894 deals). Industrial properties followed with 477 transactions (13 per cent), commercial properties with 259 (7.1 per cent), and agricultural properties with 39 (1 per cent). The department recorded 1,417 mortgage transactions worth Dhs2.4 billion, executed through 21 financial institutions. The highest number was in Um Fanain (113 mortgages, Dhs170.6 million), followed by Muwailih Commercial (66 mortgages, Dhs246.5 million), Al-Hamriyah West (65 mortgages, Dhs158.6 million), and Al-Sajaa Industrial (60 mortgages, Dhs148.2 million). Four new residential projects were registered in Muwailih Commercial, Al-Tay, and Al-Tay West. Investors from 97 nationalities participated in Sharjah's real estate market during Q1 2025. Emiratis led with Dhs5.2 billion (39.8 percent of total investments). GCC nationals invested Dhs509.8 million (3.9 percent), while Arab nationals invested Dhs3 billion (22.3 percent). Foreign investors contributed Dhs4.5 billion (34 per cent). The number of foreign investors rose 25.3 per cent year-on-year to 3,725, with 3,951 properties traded by non-UAE nationals, up 25.2 per cent. The growth is attributed to legislative reforms allowing foreign ownership in designated areas of Sharjah. Emirati investors topped the list with 7,198 properties, followed by Indian (796), Syrian (502), Egyptian (391), Iraqi (318), and Jordanian (303) investors. Ajman registered Dhs5.55 billion in total transactions, reflecting a 29 per cent increase. Of this, Dhs3.69 billion came from 3,132 2 sales and purchase transactions, and Dhs905 million from 498 mortgage transactions, with the remainder comprising grants and property exchanges. Meanwhile, real estate transactions in Ajman reached Dhs2.06 billion in March 2025, marking a significant increase of over 41 per cent compared to the same period in 2024. Omar Bin Omair Al Muhairi, Director-General of the Ajman's Department of Land and Real Estate Regulation, said the emirate recorded 1,025 real estate transactions in March, with trading volume totalling Dhs1.03 billion. He noted that 'Al Heliow 1' recorded the highest property sale at Dhs43 million. He added that March also witnessed 156 mortgage transactions amounting to Dhs299 million. The highest mortgage value, Dhs40 million, was recorded in the 'Al Nuaimiya 3' area. In Ras Al Khaimah, residential off-plan sales exceeded Dhs2.4 billion from more than 1,300 transactions, according to a report by CBRE, highlighting continued demand in the northern emirate's housing market. WAM
