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Associated Press
27-05-2025
- Business
- Associated Press
eXp Realty Dubai launches ICON to find Dubai's best real estate agents
DUBAI, UNITED ARAB EMIRATES, May 27, 2025 / / -- eXp Realty Dubai has today announced the launch of its ICON Program within the region, an initiative designed to identify and celebrate the very best real estate agents within Dubai and those who not only perform at the highest level, but do so with eXp's core values at the heart of their operations. First launched in 2015 by the wider eXp business, ICON status is one of the top incentives that eXp agents can strive towards. In order to achieve ICON status, agents must exceed professional requirements whilst also representing eXp's core values on the global real estate stage over the course of the year. Once involved in the ICON Program, there are additional opportunities for ICONs to earn more awards by 'giving back' time, talents, and knowledge to eXp's agent population and also by attending specific eXp-approved events. ICON agents are an integral part of eXp's culture. ICONs serve as role models, culture keepers, and a source of inspiration to other agents at eXp. ICON status in itself is one of the highest accolades an eXp real estate agent can be given, but in addition, it comes with a range of benefits, including: - Receiving up to 100,000 AED in ICON Stock Awards 75,000 AED by meeting the ICON Production Award Requirements. 25,000 AED by meeting the ICON Cultural Commitment Award Requirement. Exclusive access to the customizable ICON Brand Kit Company-wide recognition via an article on an announcement posted in Workplace, and during Friday Leadership Meeting The launch of eXp ICON status within Dubai not only signifies the strength the brand has built since launch within the region, but also the high level at which eXp Dubai member agents are performing on a day to day basis. To find out more about achieving ICON status, contact eXp Dubai. Head of eXp Dubai, Dounia Fadi, commented: 'Dubai has arguably become one of, if not the, premier real estate hotspot on the global stage and, naturally, this means that we attract the very best real estate agents from around the world. Whilst we already provide our member agents with access to the best technology, resources and support in order to succeed via eXp's global cloud-based community, we also feel that it's important to celebrate those performing at the very highest level. Therefore, we're delighted to launch ICON status within the region so that we can not only give these agents the recognition that they deserve, but also reward their hard work, whilst encouraging them to help empower their fellow agents to enjoy the same success.' James Lockett ProperPR email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Khaleej Times
18-02-2025
- Business
- Khaleej Times
Dubai's emerging off-plan hotspots lure buyers in droves
Dubai Marina remains a cynosure of luxury seekers, but more affordable options in nearby JVC are making it an attractive alternative for families and young professionals A combination of affordability, appreciation, easy payment options, and higher rental income potential continues to lure investors and first-time home buyers to emerging off-plan hotspots as Dubai's property market continues to thrive, according to market experts. Areas like Dubai Marina, Jumeirah Village Circle (JVC), and Dubai South are gaining traction, offering a blend of affordability and significant appreciation potential to captivate both local and international investors. Realty market experts said these neighbourhoods are not just appealing due to lower price points compared to more established areas like Downtown Dubai and Palm Jumeirah, but they also boast essential amenities, proximity to key transport links, and a lifestyle that attracts a diverse demographic. Dubai Marina remains a cynosure of luxury seekers, but more affordable options in nearby JVC are making it an attractive alternative for families and young professionals. Similarly, Dubai South, with its emphasis on sustainability and innovation, is capturing the attention of investors looking for long-term growth. With ongoing infrastructure developments and a commitment to becoming a global trade hub, these areas present lucrative opportunities for those keen on capitalsing on Dubai's thriving property market. In 2024, Dubai's real estate sector shattered records, achieving a remarkable Dh151 billion in total transactions — a 34 per cent increase from the previous year. This growth was largely fuelled by off-plan sales, which accounted for 60 per cent of all residential deals. Analysts predict that this momentum will carry into 2025, with property prices expected to rise by 5-8 per cent on average. Luxury hotspots such as Palm Jumeirah and Downtown Dubai may even see spikes of up to 10 per cent, reflecting strong demand and limited supply. Jumeirah Village Circle is currently the most active area of the market, with almost 12,000 existing and off-plan listings advertised across the market, according to the latest market analysis from eXp Dubai. More than one in 10 (11.3 per cent) of all homes currently listed across the market in Dubai are found within Jumeirah Village Circle, making it the most active segment of the Dubai real estate market at present. V. Sivaprasad, chairman of Condor Developers, said the market's momentum is expected to persist in 2025 on the back of strategic government policies, technological advancements, and an influx of foreign capital. 'The off-plan market, in particular, is becoming a vital engine for growth, offering developers and investors alike a wealth of opportunities. Areas like Dubai South and JVC not only offer competitive pricing but also promise long-term returns, making them attractive options for both investors and end-users alike,' V. Sivaprasad said. The resurgence of the off-plan segment is underpinned by attractive developer incentives and regulatory frameworks. Flexible payment plans, some requiring as little as 1.0 per cent upfront, have democratised access to real estate in Dubai. This accessibility is particularly beneficial for first-time buyers and those looking to escape rising rental costs. According to Anmoll D Shroff, founder and chairman of Elton Real Estate Development, these factors, coupled with high rental yields and capital appreciation potential, make Dubai's off-plan market an attractive proposition. 'Dubai's off-plan market will remain strong in 2025, driven by investor confidence, economic growth, and international demand.' Rohit Dubey, COO of Blanco Thornton Properties, highlights the bespoke luxury real estate segment as a focal point for significant changes. 'With flexible and affordable payment plans, Dubai is poised for a remarkable surge in both end-users and investors securing their dream properties,' he said. Emerging hotspots like Meydan, Dubai Islands, and Jebel Ali have already demonstrated strong capital gains this year, reflecting heightened interest and investment. Dubai South, often referred to as the 'next frontier,' offers apartments starting at Dh300,000, with rental yields averaging 6–8 per cent. MBR City, a hub for luxury villas and townhouses, recorded transactions worth Dh2.4 billion in 2024, driven by its proximity to Downtown Dubai. JVC has emerged as an affordable yet amenity-rich area, experiencing a 12 per cent surge in rental demand in 2024, with yields reaching 8.0 per cent. Dubai Creek Harbour, known for its waterfront properties, has appreciated by 15 per cent since 2023, bolstered by landmark developments like the Dubai Creek Tower.
