Latest news with #TheOasis
Arabian Business
06-05-2025
- Business
- Arabian Business
Dubai real estate: Property market hits all-time high with nearly $17bn April transactions
Dubai's property market achieved its highest-ever monthly total in April 2025, with transactions reaching AED62.1 billion, according to data released by Property Finder. The figures represent a 94 per cent year-on-year increase in value and a 54 per cent rise in transaction volume compared to April 2024, highlighting the continued momentum in Dubai's real estate sector across both primary and secondary markets. 'Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal,' Cherif Sleiman, Chief Revenue Officer at Property Finder said. Dubai property market soars The secondary property segment recorded AED28 billion in sales across more than 7,700 transactions, marking increases of 67 per cent in value and 66 per cent in volume from April 2024. A notable transaction included a AED1.45 billion land deal in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali. Strong resale activity was also reported in Palm Jumeirah, JVC, and Dubai Marina, which contributed substantially to the overall transaction value. The primary property segment led the market performance with sales reaching AED34.2 billion, representing a 124 per cent increase from April 2024. This growth was driven by significant transactions in developments, including Palm Jebel Ali and The Oasis by Emaar. These two developments accounted for 19 per cent and 13 per cent of the total primary market value respectively, despite representing less than 2 per cent and 4 per cent of the total transaction volume, indicating investor interest in premium developments. Apartments continue to dominate home searches among both buyers and renters, accounting for 59 per cent of purchase searches and 78 per cent of rental searches in April 2025. Studio apartments represented 21 per cent of all rental searches but only 14 per cent of buyer interest, suggesting potential yield opportunities for investors in smaller units where rental demand exceeds buyer interest. Two-bedroom apartments proved popular with both segments, attracting 35 per cent of buyer searches and 31 per cent of rental interest. 'The Dubai Land Department's recent initiative of introducing AI-enabled governance of real estate advertising will enhance transparency and credibility in real estate advertisements across key marketing platforms, a focus that we have always aligned with. Further supported by the strategic partnerships signed by DLD at the International Property Show, we are witnessing greater transparency, smarter regulation, and higher service standards across the board. These far-sighted initiatives will contribute to Dubai's growing status as one of the world's most investor-friendly real estate markets,' Sleiman added.
Zawya
06-05-2025
- Business
- Zawya
Dubai sets new real estate records again
A record-breaking surge in the secondary market, alongside significant growth in the primary market, saw Dubai achieve the highest-ever monthly total in sales transactions, with a 94% year-on-year surge in value and a 54% rise in transaction volume. Dubai's secondary segment achieved a record AED28 billion in sales across over 7,700 transactions, up 67% in value and 66% in volume from April 2024. Primary sales further contributed to the charge, touching AED 34.2 billion in value, a 124% increase from April 2024. DUBAI, UNITED ARAB EMIRATES: Property Finder, the leading property portal in the MENA region, has released its market performance highlights for April 2025, highlighting unprecedented peaks in Dubai's real estate activity. Dubai Land Department (DLD) data reveals that this April, Dubai recorded AED 62.1 billion in total sales transactions, the highest ever monthly total for the emirate – a 94% year-on-year surge in value as compared to April 2024, and a 54% rise in transaction volume. This landmark performance underscores the city's thriving property sector, with growth witnessed across both primary (off-plan) and secondary (ready) markets. Key data highlights: Sales performance: The primary market shows no signs of slowing down The primary property segment led the charge on Dubai real estate, with sales touching AED 34.2 billion in value, a 124% increase from April 2024. This was fuelled by marquee transactions in destinations like Palm Jebel Ali and The Oasis by Emaar. Palm Jebel Ali and The Oasis by Emaar accounted for 19% and 13% of the total value, respectively, despite representing less than 2% and 4% of total transaction volume of primary transactions, highlighting investor appetite for future-forward, branded communities. Sales performance: Resale maintains strong and sustained growth The secondary segment performed equally notably, with a record AED28 billion in sales value across more than 7,700 transactions, up 67% in value and 66% in volume from April 2024. While a landmark AED 1.45 billion land transaction in DMCC-EZ2 for the upcoming Sobha Central development in Jebel Ali stood out, strong resale activity in key communities [1] such as Palm Jumeirah, JVC, and Dubai Marina also contributed significantly to overall transaction value. Consumer preferences: Apartments dominate home searches Apartment living continues to be the preferred choice across both buyer and renter categories; with apartments accounting for nearly 78% of rental searches and 59% of purchase interest in April 2025. Studio apartments comprised 21% of all rental searches on Property Finder, but just 14% of buyer interest. This gap signals strong yield opportunities for investors in smaller units, where rental demand appears stronger than buyer interest. Meanwhile, two-bedroom apartments attracted 35% of buyer searches and 31% of rental demand. Cherif Sleiman, Chief Revenue Officer at Property Finder, said, ' Dubai's real estate market continues to scale new heights, propelled by bold city planning, regulatory innovation, and investor trust. The sustained growth across both primary and secondary segments is resounding proof of its resilience and long-term appeal.' He adds, 'The Dubai Land Department's recent initiative of introducing AI-enabled governance of real estate advertising will enhance transparency and credibility in real estate advertisements across key marketing platforms, a focus that we have always aligned with. Further supported by the strategic partnerships signed by DLD at the International Property Show, we are witnessing greater transparency, smarter regulation, and higher service standards across the board. These far-sighted initiatives will contribute to Dubai's growing status as one of the world's most investor-friendly real estate markets. At Property Finder, we continue supporting this vision by empowering home seekers and investors with the data-led tools and insights they need to make confident, future-focused decisions.' All the latest information for top listings and communities is available on Data Guru by Property Finder that can be accessed at or on the Property Finder app, available for download on Google Play and Apple Store. About Property Finder Property Finder is a pioneering property portal in the Middle East and North Africa (MENA) region, dedicated to shaping an inclusive future for real estate while spearheading the region's growing tech ecosystem. At its core is a clear and powerful purpose: To change living for good in the region. Founded on the value of great ambitions, Property Finder connects millions of property seekers with thousands of real estate professionals every day. The platform offers a seamless and enriching experience, empowering both buyers and renters to make informed decisions. Since its inception in 2007, Property Finder has evolved into a trusted partner for developers, brokers, and home seekers. As a lighthouse tech company, it continues to create an environment where people can thrive and contribute meaningfully to the transformation of real estate in MENA. For more information, please contact: Gambit PR & Communications propertyfinder@
Arabian Business
23-04-2025
- Business
- Arabian Business
Emaar launches massive polo-themed luxury real estate development in Dubai
Emaar, the world's leading real estate developer, has unveiled plans for a sprawling 5.54 million square metre luxury residential development centered around polo fields and equestrian facilities. The Grand Polo Club & Resort represents a bold fusion of upscale residential development with polo and equestrian heritage at its core. Strategically positioned just minutes from the upcoming expansion of Al Maktoum International Airport, the development sits amongst other Emaar masterplans including The Oasis and The Heights Country Club & Wellness, while remaining a short drive from Emaar South, Dubai Marina, and Downtown. The ambitious project will feature 22 villa communities comprising over 6,600 exclusive residences, all centred around what Emaar calls 'The Green Core' – a spectacular complex housing three expansive polo fields, private stables, a riding school, and a luxurious clubhouse. 'By using landscape berms and expansive lawns, The Green Core was created to foster a harmonious environment that emphasises the beauty of the exclusive equestrian experiences it offers. Positioned at the heart of the masterplan, it enhances the aesthetic appeal while promoting a sense of community and connection to nature,' said a spokesperson from Emaar Development. The masterplan's landscape design creates what the developer describes as 'an equestrian journey that traverses through a multi-sensory environment, offering surprises at every turn and creating an everlasting memory as you glide through moments of grandeur.' With 1.59 million square metres dedicated to open spaces, the development incorporates extensive pedestrian and cycling networks, riding trails, countryside meadows, and outer pastures. The polo fields and stables alone occupy an impressive 340,000 square metres. The Clubhouse, designed for 'ultra-luxury guest and spectator experience,' features modern architecture drawing from both global and local influences. Its distinctive façade incorporates custom-made clay breeze blocks inspired by horseshoes. The single-storey building also boasts a rooftop infinity pool overlooking the polo fields and premium dining options. Perhaps most striking are the Stables, which Emaar describes as 'an architectural gem inspired by spiral geometric control.' The organic design encircles a landscaped courtyard with a water feature, creating what the developer expects to become 'a significant global landmark in the equestrian realm.' The facility can accommodate 180 horses and includes a members' lounge. 'Circular elements were used to convey expansiveness, frame important landscape moments, and incorporate water features that create a playful, inviting scenery,' added the Emaar Development spokesperson. The residential offerings range from three to five-bedroom villas, each designed to maximise views, connectivity, and what Emaar calls 'spaces where light and air engage in thematic play throughout.' Locations vary across the development, with some homes overlooking the polo fields and stables, while others are positioned near key community amenities. The Grand Polo Club & Resort represents what Emaar describes as 'a thoughtfully designed homage to the heritage of the spectacular game of polo and the equestrian-loving fellowship,' concluding that the development is 'crafted to harness the free spirit and speed of the horse' in a place 'where equestrian opulence reaches far beyond imagination.'
BBC News
29-03-2025
- Business
- BBC News
Memories of Birmingham's Oasis market as residents fear permanent closure
Shoppers of a much-loved city centre market have said its sudden closure has left them "sick" and would be a huge loss to Birmingham's high Priory Square shopping centre temporarily closed its doors on Tuesday for health and safety checks, the owners told the BBC on residents fear there could be a permanent closure which would mean the loss of The Oasis market, which is inside the Trott, who has lived in Birmingham for 70 years, said "a big part of the city would be missing". Mr Trott, who moved to Birmingham from Bermuda, said the city centre had been "depleted" since the pandemic. "Every shop is closed, what are locals to do? I used to work here, I have friends that still work there."I feel sick. It's a part of me that's missing. It's a part of the city that's missing."Jane Hughes, who lives in Kings Norton, said she met two of her husbands at the market, which has operated since the 1970s."It's a big part of my youth and life and I'm sad that it's closed. It will be another bit of Birmingham history that will just be gone."She recalled the moment she met her husband at The Oasis' basement cafe on her 18th birthday in January 1983. "I was in the cafe having a cup of tea, spending my birthday money and he rocked in with his messy mohawk and looking disreputable - and I thought I liked that."Amber Hennebray, also from Kings Norton, said she spent her teenage years at the market. She said she would be "devastated" if the closure was permanent. Addressing the owners, she said: "Let it open, it's been around for years, keep up with the nostalgia."Sam Jones, who has had tattoos at The Oasis, had hoped to get another one done for Mother's Day. "I was hoping to get another one today," said Ms Jones, whose had travelled there from Telford with her son Cory Parton. "It's a big part of the city, if it closes it will definately be a big loss." Follow BBC Birmingham on BBC Sounds, Facebook, X and Instagram.
