Latest news with #realestatebrokerage
Zawya
11-08-2025
- Business
- Zawya
Dubai Land Department records over 4,000 new real estate activities in H1 2025
DUBAI: Dubai's real estate market recorded 4,049 new activities in the first half of this year, reflecting the emirate's growing appeal as a leading investment destination and the wide range of opportunities it offers investors and service providers in the sector. This growth has been enabled by an advanced regulatory framework that promotes the smooth conduct of real estate activities and strengthens market transparency. A key element of this framework is the Dubai Land Department's 'Trakheesi System,' the official platform for registering and activating a broad range of core sector activities. Registration in the Trakheesi System is mandatory to activate several types of real estate activities, including real estate brokerage for buying and selling properties, leasing brokerage, property management supervision services, valuation services, buying and selling land and real estate, management of jointly owned properties, real estate consultancy, mortgage brokerage, and mortgage advisory services. Pre-approval from the Trakheesi System is also required for conducting certain other types of real estate activities, such as real estate development, leasing and property management services for private and third-party properties, as well as activities of real estate service trustees and real estate promotion trustees. Real estate brokerage services for property sales topped the list of activities, with 2,301 recorded, followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector's expanding broker network and its vital role in meeting the needs of both tenants and property owners. A further 273 activities were registered for land and property trading. Other activities include: property management supervision services (43 activities), mortgage brokerage (43 activities), real estate consultancy (40 activities), leasing and property management services for private properties (24 activities) and for third parties (nine activities), property valuation services (14 activities), jointly owned property management services (nine activities), real estate development (11 activities), and mortgage advisory services (three activities). These activities highlight the market's professional diversity and underscore DLD's commitment to fostering a flexible environment that meets the evolving needs of investors and stakeholders across all segments of the real estate sector. This approach strengthens market competitiveness and supports the emirate's population growth and economic expansion. Furthermore, the H1 figures directly reflect the streamlined procedures adopted by the Dubai Land Department through an integrated digital ecosystem that enables clients to issue and renew licences with ease. This efficiency underscores DLD's commitment to strengthening the investment environment and fostering innovation in the real estate sector, in line with the Dubai Real Estate Strategy 2033, which seeks to enhance the emirate's appeal as a premier global real estate destination and ensure a flexible, secure business environment that supports sustainable growth and economic diversification.
Khaleej Times
10-08-2025
- Business
- Khaleej Times
Dubai Land Department records over 4,000 new real estate activities in H1 2025
Dubai's real estate market recorded 4,049 new activities in the first half of this year, reflecting the emirate's growing appeal as a leading investment destination and the wide range of opportunities it offers investors and service providers in the sector. This growth has been enabled by an advanced regulatory framework that promotes the smooth conduct of real estate activities and strengthens market transparency. A key element of this framework is the Dubai Land Department's 'Trakheesi System,' the official platform for registering and activating a broad range of core sector activities. Registration in the Trakheesi System is mandatory to activate several types of real estate activities, including real estate brokerage for buying and selling properties, leasing brokerage, property management supervision services, valuation services, buying and selling land and real estate, management of jointly owned properties, real estate consultancy, mortgage brokerage, and mortgage advisory services. Pre-approval from the Trakheesi System is also required for conducting certain other types of real estate activities, such as real estate development, leasing and property management services for private and third-party properties, as well as activities of real estate service trustees and real estate promotion trustees. Real estate brokerage services for property sales topped the list of activities, with 2,301 recorded, followed by leasing brokerage services, accounting for 1,279 activities, reflecting the sector's expanding broker network and its vital role in meeting the needs of both tenants and property owners. A further 273 activities were registered for land and property trading. Other activities include: property management supervision services (43 activities), mortgage brokerage (43 activities), real estate consultancy (40 activities), leasing and property management services for private properties (24 activities) and for third parties (nine activities), property valuation services (14 activities), jointly owned property management services (nine activities), real estate development (11 activities), and mortgage advisory services (three activities). These activities highlight the market's professional diversity and underscore DLD's commitment to fostering a flexible environment that meets the evolving needs of investors and stakeholders across all segments of the real estate sector. This approach strengthens market competitiveness and supports the emirate's population growth and economic expansion. Furthermore, the H1 figures directly reflect the streamlined procedures adopted by the Dubai Land Department through an integrated digital ecosystem that enables clients to issue and renew licences with ease. This efficiency underscores DLD's commitment to strengthening the investment environment and fostering innovation in the real estate sector, in line with the Dubai Real Estate Strategy 2033, which seeks to enhance the emirate's appeal as a premier global real estate destination and ensure a flexible, secure business environment that supports sustainable growth and economic diversification.
Arabian Business
12-07-2025
- Business
- Arabian Business
Dubai luxury property market hits record high in H1 2025 with 3,731 sales above $2.72m
Dubai's luxury real estate market has delivered its strongest half-year performance on record, with 3,731 properties sold above AED 10m ($2.72m) in H1 2025 — a 62.7 per cent increase compared to the same period in 2024. According to Engel & Völkers Middle East, the city is now outpacing global peers in scale, demand, and long-term investor confidence. The second quarter alone saw 2,388 high-end transactions, the highest ever recorded in a single quarter. Ultra-luxury now represents over 4 per cent of total market volume, up from just 1.1 per cent in 2020 — highlighting a structural shift in demand. Standout transactions in H1 2025 included a AED 425m ($115.7m) mansion sale in Emirates Hills and a AED 300m ($81.7m) beachfront villa on Palm Jumeirah. Engel & Völkers Middle East's performance reflects this surge in premium demand. The brokerage recorded a 48 per cent year-on-year increase in transactions and a 40 per centrise in net commission income (NCI) in the first half of 2025, driven by sustained activity across the luxury and upper mid-market segments. Daniel Hadi, CEO of Engel & Völkers Middle East, said: 'Dubai is no longer simply a hotspot for speculative investors but is now a permanent home for the world's elite. 'With 62 per cent growth in AED10m-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche, it is central to Dubai's real estate identity. 'From Emirates Hills to Palm Jebel Ali, we're seeing a structural shift in demand from global capital moving here for the long term.' Indian investors led the charge, followed by buyers from Germany, the UK, and Portugal. Additional demand came from Spain, Austria, and the Netherlands. Market-wide Dubai real estate growth highlights in H1 2025 Residential Sales Up 22.7 per cent YoY Transaction volume now six times higher than H1 2020 Off-plan Market 54,742 transactions, up 19.9 per cent Hotspots: JVC, Business Bay, Dubai Residence Complex Secondary Market 38,168 sales, up 26.8 per cent First H1 increase in share in years (41.1 per cent of total volume) Key areas: Dubai Marina, Downtown, MBR City Apartments 71,879 units sold, up 18.2 per cent Represents 79 per cent of all sales and over 50 per cent of total market value Villas 27.6 per cent growth in transactions Total value: AED78.3bn ($21.3bn), up 53.5 per cent Emerging villa hubs: The Oasis, Grand Polo Club, The Valley Townhouses Fastest-growing segment with 13,619 transactions, up 57.4 per cent Total value: AED42bn ($11.4bn), up 64.7 per cent Driven by launches in Damac Islands, Damac Hills 2, and The Valley The surge in ultra-luxury activity is mirrored by Dubai's broader economic trajectory. The emirate is on track to surpass 4m residents this year, its fastest population growth since 2018 (Dubai Statistics Centre). Simultaneously, the UAE is expected to attract 9,800 new millionaires in 2025, more than any other country, reinforcing its status as a premier wealth haven. This ongoing inflow is underpinned by favourable tax conditions, lifestyle advantages, and long-term economic policies aligned with global capital migration trends. Recent initiatives like the First Home Buyer Programme, US–UAE AI Acceleration Framework, and Dubai's top global ranking for entrepreneurship continue to draw global capital and talent. Hadi said: 'With no significant oversupply risks on the horizon and demand surging across every segment, Dubai's residential market is set to remain on an upward trajectory,'
Economy ME
11-07-2025
- Business
- Economy ME
Dubai real estate: Ultra-prime homes represent 4 percent of market volume in 2025
Dubai's luxury real estate sector continues to outpace global markets in both growth and scale, as Engel & Völkers Middle East has reported its strongest half-year performance to date. With 3,731 properties sold for over AED 10 million in the first half of 2025 — a 62.7 percent increase from the same period last year — Dubai is cementing its position as a global leader in ultra-prime living. The second quarter alone saw 2,388 high-end transactions, the highest quarterly total ever recorded. This premium segment now makes up over 4 percent of total market volume, compared to just 1.1 percent in 2020, highlighting a structural shift in the emirate's real estate landscape. Notable deals in H1 2025 included a record-breaking AED 425 million sale in Emirates Hills and an AED 300 million beachfront villa on The Palm Jumeirah. Dubai's residential property market saw a 22.7 percent year-on-year increase in sales during H1 2025 Read: Investor confidence fuels 38 percent rise in Dubai residential sales in H1 2025 Engel & Völkers Middle East achieves strong growth across key metrics Reflecting this surge in high-value activity, Engel & Völkers Middle East reported a 48 percent year-on-year increase in transaction volume and a 40 percent rise in net commission income (NCI) in H1 2025. Growth was driven by sustained demand across the luxury and upper mid-market segments, fueled by a global client base seeking exceptional properties. The brokerage also reported a shift in buyer demographics. Indian investors led the way, followed by buyers from Germany, the UK, and Portugal, with growing interest from Spain, Austria, and the Netherlands. Engel & Völkers' strong European network has enabled seamless service for clients relocating to or investing in Dubai. 'Dubai is no longer simply a hotspot for speculative investors but is now a permanent home for the world's elite,' observed Daniel Hadi, CEO of Engel & Völkers Middle East. 'With 62 percent growth in AED 10 million-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche, it is central to Dubai's real estate identity. From Emirates Hills to The Palm Jebel Ali, we're seeing a structural shift in demand from global capital moving here for the long term.' Investor appetite remained strong in Jumeirah Village Circle, Business Bay, and Dubai Residence Complex Market momentum underpinned by demographics and wealth inflows The luxury market's growth parallels broader economic trends. According to the Dubai Statistics Center, the emirate is on track to surpass 4 million residents this year, marking its fastest population growth since 2018. Meanwhile, Henley & Partners forecasts that the UAE will attract 9,800 new millionaires in 2025, more than any other country, reinforcing Dubai's status as a premier wealth hub. Residential market expands rapidly across all segments Dubai's residential property market as a whole saw a 22.7 percent year-on-year increase in sales during H1 2025. Transaction volume is now over six times higher than H1 2020, reflecting the emirate's rapid transformation. Off-plan sales rose 19.9 percent to 54,742 transactions Secondary market activity grew 26.8 percent to 38,168 transactions Apartments remained the core of the market, with sales volumes up 18.2 percent to 71,879 units, accounting for nearly 79 percent of all transactions and over half the total value. Investor appetite remained strong in Jumeirah Village Circle, Business Bay, and Dubai Residence Complex. The secondary apartment market showed notable growth, with its share of total transactions rising to 41.1 percent, a first-half high not seen in recent years. Demand remained concentrated in Dubai Marina, Downtown Dubai, and MBR City. Villas and townhouses lead high-value expansion Villa sales also soared, with transactions up 27.6 percent year-over-year and total value climbing 53.5 percent to AED 78.3 billion. Demand was particularly robust in the off-plan villa segment, especially in suburban communities that offer larger living spaces and family-oriented environments. New districts like The Oasis, Grand Polo Club, and The Valley led this growth. Townhouses emerged as the fastest-growing residential segment in H1 2025: Transactions surged 57.4 percent year-on-year to 13,619 Total value increased 64.7 percent to AED 42 billion Strong off-plan launches in Damac Islands, Damac Hills 2, and The Valley fueled demand, particularly among first-time buyers and resident families seeking a balance of space, value, and lifestyle. Daniel Hadi, CEO at Engel & Völkers Middle East Outlook: Positive momentum into H2 2025 Looking ahead, Engel & Völkers Middle East expects strong market momentum to continue into the second half of the year. The recently launched First Home Buyer Program, backed by leading UAE developers and banks, is expected to unlock demand from residents transitioning from renting to ownership. Factors supporting sustained growth include: Geopolitical neutrality Investor-friendly regulations Robust digital infrastructure Dubai's broader fundamentals remain solid. The emirate retained its position as the number 1 destination for entrepreneurship in 2025 (Global Entrepreneurship Monitor), while international initiatives such as the US–UAE AI Acceleration Framework reinforce its alignment with future-focused global trends. 'With no significant oversupply risks on the horizon and demand surging across every segment, Dubai's residential market is set to remain on an upward trajectory,' concluded Hadi. 'As Engel & Völkers, we are proud to support this transformation — not just as brokers, but as long-term partners to the world's most discerning buyers.' As the luxury property map expands and demand diversifies, Engel & Völkers Middle East remains at the forefront, facilitating access to Dubai's most sought-after homes and investment opportunities.
Zawya
11-07-2025
- Business
- Zawya
Dubai's Luxury Real Estate Market breaks record with 62.7% surge in AED10mln+ sales in H1
Engel & Völkers Middle East latest report shows Dubai continues to attract investors and high-net-worth individuals, reinforcing its position as one of the world's most desirable cities to live, work, and invest Dubai, UAE - Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, reported a record-breaking first half of 2025, as Dubai's luxury property market outpaces global peers in scale, growth, and momentum. With 3,731 properties transacting above AED 10 million in H1 — up 62.7% from the same period last year — the emirate continues to redefine the global standard for ultra-prime living. The second quarter alone saw 2,388 high-end transactions, the highest quarterly total ever recorded. This segment now accounts for over 4% of the total market volume, compared to just 1.1% in 2020, marking a structural evolution in Dubai's real estate profile. A landmark AED 425 million sale in Emirates Hills and an AED 300 million beachfront villa deal on Palm Jumeirah were among the standout transactions in the first six months of the year. Engel & Völkers Middle East's performance reflects this surge in premium demand. The brokerage recorded a 48% year-on-year increase in transactions and a 40% rise in net commission income (NCI) in the first half of 2025, driven by sustained activity across the luxury and upper mid-market segments. This growth reflects the company's ability to consistently serve a global network of clients seeking exceptional real estate. Engel & Völkers Middle East also reveals a shift in buyer nationalities. Indian investors emerged as the top purchasing group, followed closely by buyers from Germany, the United Kingdom, and Portugal, underscoring the growing movement of people and capital from Europe and South Asia. Activity from many European countries, including Spain, Austria, the Netherlands, and Portugal, gained momentum. These are markets where Engel & Völkers has a well-established presence, enabling seamless support for clients relocating to or investing in Dubai. 'Dubai is no longer simply a hotspot for speculative investors but is now a permanent home for the world's elite,' observed Daniel Hadi, CEO of Engel & Völkers Middle East. 'With 62% growth in AED 10 million-plus sales and a growing population of resident millionaires, the luxury segment is no longer a niche, it is central to Dubai's real estate identity. From Emirates Hills to Palm Jebel Ali, we're seeing a structural shift in demand from global capital moving here for the long term.' The surge in ultra-luxury activity is mirrored by Dubai's broader economic trajectory. The emirate is on track to surpass 4 million residents this year, its fastest population growth since 2018 (Dubai Statistics Centre). Simultaneously, the UAE is expected to attract 9,800 new millionaires in 2025, more than any other country (Henley & Partners), reinforcing its status as a premier wealth haven. This ongoing inflow is underpinned by favourable tax conditions, lifestyle advantages, and long-term economic policies aligned with global capital migration trends. Dubai's residential market recorded a 22.7% year-on-year increase in sales in H1 2025, with transaction volume now more than six times higher than in H1 2020, underscoring the scale and velocity of the city's real estate expansion. Off-plan sales grew by 19.9%, reaching 54,742 transactions, while secondary market activity surged by 26.8% to hit 38,168 sales. Apartments remained the cornerstone of Dubai's residential market in H1 2025, with sales volumes climbing 18.2% year-over-year to reach 71,879 units. This segment accounted for nearly 79% of all transactions and over half of the total sales value. The off-plan segment continued to lead activity, driven by investor appetite in areas such as Jumeirah Village Circle, Business Bay, and Dubai Residence Complex. Notably, the secondary market's share of total transactions rose to 41.1%, marking its first H1 increase in several years — a sign of growing maturity and confidence among end-users and investors alike. Secondary market apartment demand remained concentrated in the areas of Dubai Marina, Downtown Dubai, and MBR City. Villas recorded a 27.6% year-on-year growth in transactions, with the total value rising to AED 78.3 billion, which is 53.5% increase compared to H1 2024. Demand was particularly strong for off-plan villas in emerging suburban communities, driven by the rising appeal of family-oriented living and the availability of larger homes at competitive entry points. New districts such as The Oasis, Grand Polo Club, and The Valley led villa transaction growth, illustrating the shift in buyer preferences toward more spacious layouts and integrated community environments. As villa sales volumes continue to scale, Engel & Völkers Middle East notes a broadening of the luxury map, with high-end villas now extending well beyond traditional core zones. Townhouses emerged as the fastest-growing residential segment in H1 2025. Sales surged by 57.4% year-on-year to 13,619 transactions, while total value climbed 64.7% to AED 42 billion — the strongest half-year performance on record for the segment. This growth was powered by robust off-plan launches in Damac Islands, Damac Hills 2, and The Valley, catering to families and investors seeking a balance between value, space, and long-term livability. Engel & Völkers Middle East sees this trend as a strategic evolution, with townhouses bridging the gap between high-rise living and villa-style privacy — particularly attractive to first-time buyers and resident families. Looking ahead, Engel & Völkers Middle East expects momentum to continue into the second half of the year. The launch of the First Home Buyer Programme, backed by major developers and UAE banks, is expected to unlock fresh demand from residents looking to transition from renting to ownership. Meanwhile, ongoing geopolitical neutrality, investor-friendly regulations, and the UAE's strong digital infrastructure are expected to shield the market from global economic headwinds. Dubai's fundamentals remain compelling: a growing population, diversified economy, world-class infrastructure, and a clear strategic vision for innovation. The emirate retained its position as the world's #1 destination for entrepreneurship in 2025 (Global Entrepreneurship Monitor), and recent initiatives such as the US–UAE AI Acceleration Framework signal long-term policy alignment with global technology trends. 'With no significant oversupply risks on the horizon and demand surging across every segment, Dubai's residential market is set to remain on an upward trajectory,' concluded Hadi. 'As Engel & Völkers, we are proud to support this transformation — not just as brokers, but as long-term partners to the world's most discerning buyers.' About Engel & Völkers: Engel & Völkers is one of the world's leading service companies specialized in the brokerage of premium residential property, commercial real estate, yachts and aircrafts. For over 45 years now, the wishes and needs of private and institutional clients have had top priority, giving rise to the ongoing development of a range of services relating to all aspects of real estate. Sales and leaseholds, as well as consultancy for various investment opportunities in the real estate segment are among the core competencies of more than 16,700 people operating under the Engel & Völkers brand. The company is currently operating in over 35 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the company's success. Engel & Völkers develops digital tools and IT products on an ongoing basis in order to keep its service as efficient as possible. In doing so, the company is setting new standards in digital solutions for property brokerage. About Engel & Völkers Middle East: Established in 2014, Engel & Völkers Middle East has its offices in Dubai, United Arab Emirates. The team consists of over 200 trusted agents, each focusing on premium residential and commercial properties, serving as experts in their respective areas. The company recently established a separate entity for commercial real estate (Engel & Völkers Commercial Middle East). Engel & Völkers Commercial serves as an entry point to exceptional commercial real estate opportunities in Dubai, from attractive office spaces to industrial complexes. The Private Office provides services for affluent clients and has access to premium real estate globally. Whether you're in the market to rent, buy, or sell a property, Engel & Völkers Middle East is a perfect choice to achieve your real estate goals.
