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Arabian Business
3 days ago
- Business
- Arabian Business
Dubai real estate sector recorded $6.25bn of transactions last week, including $45m Jumeirah apartment
The Dubai real estate sector recorded AED22.94bn ($6.25bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED18.39bn ($5bn), according to Land Department data. In total there were 4,638 sales transactions recorded between May 26 and May 30. Dubai real estate last week Among the most expensive sales transactions listed on the Land Department website were: An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED163.8m ($44.6m) An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED143.6m ($39.1m) An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED121.2m ($33.1m) The Land Department also showed mortgage deals worth AED3.47bn ($944m) last week. Gift transactions in the same period were valued at AED1.08bn ($294m).
Bloomberg
7 days ago
- Business
- Bloomberg
Dubai Ruler's $584 Million REIT IPO Surges In Debut
Dubai Holding 's $584 million residential real estate investment trust surged in its trading debut, as the city's property market boom continues to lure investors. Dubai Residential REIT rose more than 10% to 1.22 dirhams per unit on Wednesday morning. The deal was priced at 1.10 dirhams per unit, the top of its proposed range, giving the trust an implied market capitalization of around $3.9 billion.
Arabian Business
26-05-2025
- Business
- Arabian Business
Dubai real estate sector recorded $4.7bn of transactions last week, including $27m Jumeirah apartment
The Dubai real estate sector recorded AED17.4bn ($4.7bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED13.18bn ($3.6bn), according to Land Department data. In total there were 4,309 sales transactions recorded between May 19 and May 23. Dubai real estate last week Among the most expensive sales transactions listed on the Land Department website were: The Land Department also showed mortgage deals worth AED3.39bn ($923m) last week. Gift transactions in the same period were valued at AED825m ($225m).
UAE Moments
25-05-2025
- Business
- UAE Moments
Dubai's High-End Homes Attract Saudi and Indian Buyers
Dubai is still the top choice for the world's ultra-wealthy and it's showing in the city's red-hot luxury property market. Wealthy Saudi nationals and Indians are currently among the biggest investors in Dubai's high-end real estate scene. These are individuals with personal wealth of $20 million or more, and they're the driving force behind the sustained demand for super-luxury homes in the city. Join our FREE WhatsApp channel to dive into a world of real-time engagement! A standout example? Steel tycoon Lakshmi Mittal recently bought a villa in Emirates Hills for a whopping $100 million (around Dh367 million). And he's far from alone. According to Knight Frank, 71% of global high-net-worth individuals (HNWIs) now say Dubai is their preferred emirate in the UAE for buying real estate. The interest is strongest among Saudi nationals (80%), followed by British (74%), Indians (69%), and East Asian (61%) HNWIs. 'During 2024, Saudi, Indian and British nationals accounted for just over 50% of the homes we sold in Dubai,' said Will McKintosh, Regional Partner and Head of Residential, MENA at Knight Frank. Whether it's Bollywood stars, Hollywood celebs, or business moguls, the sentiment is clear, Dubai remains the place to buy a luxury home. Dubai Tops Global Rankings for Ultra-Luxury Sales In 2023, Dubai recorded 435 property sales priced at $10 million and above, almost matching the combined total of London and New York. And the momentum hasn't slowed down in 2025. In just Q1, there were 111 such sales, marking a new record for the January-to-March period. 'The super-rich remain laser-focused on purchasing luxury homes in the city,' said Shehzad Jamal, Partner – Strategy & Consultancy at Knight Frank. 'This unrelenting demand is why Dubai is the world's busiest market for $10 million+ home sales for the second year in a row.' Dubai Marina Tops the Wishlist When it comes to neighbourhoods, Dubai Marina continues to be the top choice among wealthy buyers, especially those with yachts and a taste for waterfront living. Despite growing competition from Palm Jebel Ali, Dubai Islands, and new luxury towers from Azizi, Sobha, Trump, and Binghatti, Dubai Marina holds strong. Knight Frank's data shows: Dubai Marina: 28% of HNWIs prefer it Dubai Hills Estate: 24% Emirates Hills: 23% Among those with a net worth over $50 million, the preference is even more pronounced: Dubai Marina: 43% Dubai Hills Estate: 30% Emirates Hills: 22% 'Dubai Marina is still the poster-child of the city's luxury property market,' said Jamal.
Yahoo
17-05-2025
- Business
- Yahoo
10 Small Cities in the South Where Homes Are Rapidly Gaining Value
A home is often considered a good investment because of its likelihood to appreciate in value over the years. Some areas see more radical upticks in value (and, with it, sales price) than others. Take La Crescenta-Montrose, a city in Los Angeles, with a livability score of 71 out of 100. The average home value in May 2025 was $1,351,730 — up 1.8% over the year prior. In just 365 days, the home appreciated by more than 24,000. Check Out: Read Next: Now, we tend to not see home values appreciate as rapidly in small Southern cities as we do in Los Angeles suburbs — but sometimes we do. In fact, sometimes we see far more substantial appreciation in just as short a window of time. GOBankingRates analyzed smaller towns to find the Southern cities where your home is on track to gain value. Home shoppers and real estate investors, it's time to put these baby metros on your real estate radar — and to keep your eye on Kentucky in general. Population: 1,977 2020 average home value: $94,407 2024 average home value: $147,178 2025 average home value: $163,573 Be Aware: Population: 3,536 2020 average home value: $89,185 2024 average home value: $131,897 2025 average home value: $149,031 Population: 3,820 2020 average home value: $92,424 2024 average home value: $136,325 2025 average home value: $154,251 Population: 2,218 2020 average home value: $92,090 2024 average home value: $139,493 2025 average home value: $156,925 Population: 1,998 2020 average home value: $52,117 2024 average home value: $66,327 2025 average home value: $78,249 Population: 3,211 2020 average home value: $92,480 2024 average home value: $150,522 2025 average home value: $168,140 Population: 2,628 2020 average home value: $133,782 2024 average home value: $235,868 2025 average home value: $259,071 Population: 2,672 2020 average home value: $66,190 2024 average home value: $112,995 2025 average home value: $127,071 Population: 1,948 2020 average home value: $78,370 2024 average home value: $123,222 2025 average home value: $141,848 Population: 1,488 2020 average home value: $67,385 2024 average home value: $109,772 2025 average home value: $125,579 Editor's note: Photos are for representational purposes only and might not reflect the exact locations listed in this article. Methodology: For this study, GOBankingRates analyzed smaller towns to find the cities where your home will gain value. Using the Zillow Home Value Index from February 2020, 2024 and 2025, the percentage change in home values was calculated. The cities with a larger increase than the national average were kept for this study. Using the U.S. Census American Community Survey, the total population can be sourced and cities with no more than 7,500 people were kept for this study. The 1-year and 5-year percent change in home values were calculated and were each scored with the highest score being the best. The cities were sorted to show the smaller cities where your home value will gain value. All data was collected on and is up to date as of March 28, 2025. More From GOBankingRates What $1 Million in Retirement Savings Looks Like in Monthly Spending 6 Hybrid Vehicles To Stay Away From in Retirement 5 Little-Known Ways to Make Summer Travel More Affordable 8 Common Mistakes Retirees Make With Their Social Security Checks This article originally appeared on 10 Small Cities in the South Where Homes Are Rapidly Gaining Value Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
