Latest news with #TheVilla
Business Journals
14-05-2025
- Business
- Business Journals
Three new Bay Area restaurants join Michelin Guide
Following his San Francisco restaurant Copra, chef Srijith "Sri" Gopinathan is back in the Michelin star discussion again with Eylan, opened with business partner Ayesha Thapar in January at The Villa Menlo Park.
Khaleej Times
16-03-2025
- Business
- Khaleej Times
Dubai realty shatters records as prices hit new highs
Dubai's real estate market has once again defied global economic headwinds, posting unprecedented growth in February 2025 with sales volumes, prices, and investor activity reaching historic peaks. Fuelled by a booming economy, population influx, and strategic government initiatives, the emirate has bolstered its status as a premier global investment destination. February 2025 saw property sales volumes soar to Dh41 billion, a 17 per cent increase month-on-month (MoM), with 14,929 transactions recorded — a 15 per cent jump from January. Average prices climbed to a record Dh1,505 per square foot, up 1.41 per cent MoM (Dh20.94) and more than double the market's all-time low of Dh716 per square feet in 2019. Off-plan properties dominated sales, accounting for 59per cent of transactions, signalling robust investor confidence in Dubai's long-term growth trajectory. The luxury segment continues to thrive, with villas witnessing a staggering 60 per cent MoM price surge to an average Dh11.48 million, while apartment prices rose 30 per cent to Dh2.26 million. Top-performing communities included Motor City, Jumeirah Village Circle (JVC), and Dubai Marina for apartments, and Jumeirah Golf Estates, The Villa, and Meadows for villas. Dubai's economic resilience underpins its real estate boom. The emirate's GDP grew by 4.2 per cent in 2024, outpacing global averages, while its population swelled to 4.2 million — a 6.0 per cent annual increase driven by skilled expatriates and entrepreneurs capitalising on golden visas and tax-free incentives. Government initiatives like the Dubai 2040 Urban Master Plan, which prioritises sustainable infrastructure and community-centric developments, have further bolstered investor sentiment. Property market experts said Dubai's market is not just recovering—it is redefining itself. 'The convergence of pro-business policies, world-class infrastructure, and a surge in high-net-worth individuals relocating from Europe and Asia has created a perfect storm for growth.' Historically high rental prices have accelerated a paradigm shift toward homeownership. Average annual rents for apartments and villas rose by 22 per cent and 28 per cent respectively in 2024, pushing residents to invest in long-term assets. Betterhomes reported a 25 per cent MoM increase in buyer leads, with end-users comprising 53 per cent of transactions—a notable shift from the investor-dominated market of previous years. Christopher Cina, director of Sales at Betterhomes, noted that the surge in first-time buyers reflects Dubai's evolving identity from a transient hub to a forever home. Communities offering integrated amenities, like Dubai Hills Estate and Palm Jumeirah, are particularly sought after.' Off-plan sales dominated February's activity, with developers like Emaar (Dh4.11 billion), Sobha Group (Dh1.44 billion), and Damac Properties (Dh0.82 billion) leading the charge. International investors accounted for 35 per cent of transactions, with Russians, Indians, and British nationals topping the list. 'Dubai's off-plan market offers unparalleled ROI. Projects near Expo City Dubai and Al Qudra's eco-friendly districts are attracting ESG-focused buyers, blending luxury with sustainability,' says Jaykrishnan Bhaskar, a a property consultant. Despite rising prices, mortgage transactions comprised 64 per cent of sales, driven by competitive lending rates as low as 3.5 per cent for expatriates. The UAE Central Bank's decision to maintain low interest rates in 2024 has kept financing accessible, with banks offering extended payment plans for off-plan purchases. 'Financing is no longer a barrier—it's a catalyst,' head of Mortgage Solutions at a leading bank. 'First-time buyers can secure homes with 15 per cent down payments, while investors leverage flexible terms to expand portfolios.' With Expo City Dubai catalyzing tourism and Dubai's non-oil economy now contributing 78 per cent to its GDP, the emirate's real estate sector shows no signs of slowing. Analysts project a 12–18 per cent price increase in 2025, supported by mega-projects like the Dh30 billion Marsa Al Arab waterfront development. 'Dubai isn't just competing with leading global markets—it's setting a new standard,' adds Bhaskar. 'The fusion of innovation, stability, and ambition makes it the ultimate safe haven for capital.' As the market evolves, one truth remains clear: Dubai's skyline isn't just growing taller—it's growing smarter, greener, and more inclusive, ensuring its reign as the world's most dynamic property market, he said. In January, Dubai's real estate market continued its strong start to 2025, with property sales in February totalling Dh51.1 billion, a 39.91 per cent increase in value on the same month last year. A market update issued today by fäm Properties revealed that last month's total of 16,099 transactions also represented a 35.5 per cent increase in volume over February 2024, making it one of the best-ever months on record.
ARN News Center
22-02-2025
- Sport
- ARN News Center
Weekend road closures for Spinneys Dubai 92 Cycle Challenge
Organisers of the Spinneys Dubai 92 Cycle Challenge are warning motorists of road closures on Saturday and Sunday, as riders gear up for the annual 92km main race and the smaller 35km and 12km events. On Saturday, February 22, from 6:15 a.m. until 9:30 a.m. there will be no access to the D54 Zayed Bin Hamdan Al Nayan to Expo City Dubai direction or from Expo City Dubai D54 Zayed Bin Hamdan Al Nayan Road. Restricted and limited traffic flow at the traffic lights of D54 Zayed Bin Hamdan Al Nayan / Hessa Street. Tilal Al Ghaf and Remraam will be affected. On Sunday, February 23 there will be a large number of closures for the main event. From 6:10 a.m. until 8:22 a.m there will be no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the Traffic circle Al Qudra Road / Umm Sequim & D54 Zayed Bin Hamdan Al Nayan. The affected areas include Al Reem, Damac Hills, Damac Hills 2 Akoya (DAMAC), Mira, Mira Oasis, Town Square, Cherry Woods, Serena, Arabian Ranches 2, The Sustainable City, Al Waha, Layan. From 6:22 a.m. until 8:22 a.m. there will be no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the traffic circle Al Qudra Road / Umm Sequim and D54 Zayed Bin Hamdan Al Nayan. The areas affected are Global Village, The Villa, City Land Mall, Arabian Ranches. From 6:50 a.m. until 8:40 a.m. there will be no access to Hessa Street. This means the areas affected are Studio City and Motor City. From 6:10 a.m. until 9:50 a.m. there will be no access to Hessa Street or D54 Zayed Bin Hamdan Al Nayan. The area affected is Tilal Al Ghaf. From 7:25 a.m. until 9:50 a.m. there will be no access to Hessa Street. Areas affected will be Sports City, Jumeriah Golf Estates, Al Barsha, Al Barsha South, Jumeriah Village Circle. From 7:00 a.m. until 9:30 a.m there will be no access to Al Asayel Street (controlled exits, diverted route in place) and the areas affected will be Springs, Jumeriah Park, Emirates Hills, Jumeriah Islands, JLT (DMCC), Meadows diversion. The 15th edition of the Spinneys Dubai 92 Cycle Challenge is approved by the UAE Cycling Federation and Dubai Sports Council, Dubai Police, RTA and Dubai Municipality.
TAG 91.1
21-02-2025
- Sport
- TAG 91.1
Weekend road closures for Spinneys Dubai 92 Cycle Challenge
Organisers of the Spinneys Dubai 92 Cycle Challenge are warning motorists of road closures on Saturday and Sunday, as riders gear up for the annual 92km main race and the smaller 35km and 12km events. On Saturday, February 22, from 6:15 a.m. until 9:30 a.m. there will be no access to the D54 Zayed Bin Hamdan Al Nayan to Expo City Dubai direction or from Expo City Dubai D54 Zayed Bin Hamdan Al Nayan Road. Restricted and limited traffic flow at the traffic lights of D54 Zayed Bin Hamdan Al Nayan / Hessa Street. Tilal Al Ghaf and Remraam will be affected. On Sunday, February 23 there will be a large number of closures for the main event. From 6:10 a.m. until 8:22 a.m there will be no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the Traffic circle Al Qudra Road / Umm Sequim & D54 Zayed Bin Hamdan Al Nayan. The affected areas include Al Reem, Damac Hills, Damac Hills 2 Akoya (DAMAC), Mira, Mira Oasis, Town Square, Cherry Woods, Serena, Arabian Ranches 2, The Sustainable City, Al Waha, Layan. From 6:22 a.m. until 8:22 a.m. there will be no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the traffic circle Al Qudra Road / Umm Sequim and D54 Zayed Bin Hamdan Al Nayan. The areas affected are Global Village, The Villa, City Land Mall, Arabian Ranches. From 6:50 a.m. until 8:40 a.m. there will be no access to Hessa Street. This means the areas affected are Studio City and Motor City. From 6:10 a.m. until 9:50 a.m. there will be no access to Hessa Street or D54 Zayed Bin Hamdan Al Nayan. The area affected is Tilal Al Ghaf. From 7:25 a.m. until 9:50 a.m. there will be no access to Hessa Street. Areas affected will be Sports City, Jumeriah Golf Estates, Al Barsha, Al Barsha South, Jumeriah Village Circle. From 7:00 a.m. until 9:30 a.m there will be no access to Al Asayel Street (controlled exits, diverted route in place) and the areas affected will be Springs, Jumeriah Park, Emirates Hills, Jumeriah Islands, JLT (DMCC), Meadows diversion. The 15th edition of the Spinneys Dubai 92 Cycle Challenge is approved by the UAE Cycling Federation and Dubai Sports Council, Dubai Police, RTA and Dubai Municipality.
What's On
21-02-2025
- Sport
- What's On
These Dubai roads are closed this weekend
Some roads will be fully closed for a few hours… The Spinneys Dubai 92 Cycle is taking place in Dubai this weekend, Saturday and Sunday, February 22 and 23 and some roads will have no access for motorists for parts of the weekend. Riders are preparing for the annual 92km race plus other shorter 35km and 12km events. Some areas affected are JVC, Jumeirah Golf Estates, Sports City, Springs, Damac Hills. Dubai Eye has reported the road closures are the following: Saturday, February 22 From 6.15am until 9.30 am no access to the D54 Zayed Bin Hamdan Al Nayan to Expo City Dubai direction or from Expo City Dubai D54 Zayed Bin Hamdan Al Nayan Road. Restricted and limited traffic flow at the traffic lights of D54 Zayed Bin Hamdan Al Nayan / Hessa Street. Tilal Al Ghaf and Remraam will be affected also. Sunday, February 23 On Sunday, February 23 there will be a larger number of roads closed for the main event. From 6.10am until 8.22am, no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the Traffic circle Al Qudra Road / Umm Sequim & D54 Zayed Bin Hamdan Al Nayan. The affected areas include Al Reem, Damac Hills, Damac Hills 2 Akoya (DAMAC), Mira, Mira Oasis, Town Square, Cherry Woods, Serena, Arabian Ranches 2, The Sustainable City, Al Waha, Layan. From 6.22am until 8.22am there will be no access to D54 Zayed Bin Hamdan Al Nayan or the passing of the traffic circle Al Qudra Road / Umm Sequim and D54 Zayed Bin Hamdan Al Nayan. Affected areas are Global Village, The Villa, City Land Mall, Arabian Ranches. From 6.50am until 8.40am, no access to Hessa Street. Affected areas are Studio City and Motor City. From 6.10am. until 9.50am, no access to Hessa Street or D54 Zayed Bin Hamdan Al Nayan. Affected area is Tilal Al Ghaf. From 7.25am until 9.50am, no access to Hessa Street. Affected areas will be Sports City, Jumeriah Golf Estates, Al Barsha, Al Barsha South, Jumeriah Village Circle. From 7.00am until 9.30am, no access to Al Asayel Street (there are controlled exits and a diverted route in place). Affected areas will be Springs, Jumeirah Park, Emirates Hills, Jumeirah Islands, JLT (DMCC), Meadows diversion. Don't worry though, there are lots of things to do this weekend that won't be affected by traffic or why not do a pool day nearby instead? Best of luck to everyone completing the cycle… > Sign up for FREE to get exclusive updates that you are interested in
