Latest news with #secondaryMarket
Arabian Business
a day ago
- Business
- Arabian Business
Dubai real estate: Secondary property market soars 46% as villa demand outstrips supply
Dubai's real estate market has completed AED 260 billion worth of sales transactions in the first half of 2025, marking a 35 per cent increase compared to the same period in 2024, a new report finds. The secondary market has emerged as the standout performer, significantly outpacing the off-plan segment across key indicators. Secondary market dominates Dubai real estate Sales transaction value in the secondary market surged by 46 per cent year-on-year, whilst the off-plan segment recorded a 25 per cent increase. Average sales prices in the secondary market rose by 15 per cent, compared to just 5 per cent for off-plan properties. This trend reflects a shift in buyer demand towards ready, quality stock, driven primarily by the ongoing shortage of available villas and townhouses across Dubai. The Dubai Land Department (DLD) reported a 55 per cent increase in total villa and townhouse sales transaction value during the first six months of 2025, compared to a 22 per cent increase for apartments. 'We have seen a remarkable shift in buyer focus towards the secondary market. With fewer new villas and townhouses entering the market, many buyers are now willing to pay a premium for high-quality, renovated properties in prime communities. In the five to ten million dirham price bracket, we've seen a 50 per cent increase in sales volume in the first half of the year. Even more impressively, the ultra-luxury segment, above ten million dirhams, has recorded a 113 per cent increase in sales volume,' Lewis Allsopp, Chairman of Allsopp & Allsopp said. 'This level of activity is a clear sign of growing investor confidence and high-net-worth individuals choosing Dubai not just for lifestyle, but for long-term capital growth and return on investment. The secondary market is proving its strength, especially in the villa and townhouse space, where demand continues to outstrip supply,' he added. Allsopp & Allsopp data corroborated this trend, recording a 79 per cent rise in total transaction value for villas and townhouses, and a 30 per cent increase for apartments. Apartments accounted for 78 per cent of secondary market transactions by volume, with villas and townhouses making up 22 per cent. However, villas and townhouses significantly outperformed in terms of price growth and value contribution, reflecting strong buyer appetite for family homes and the limited supply available in the market. The demand has directly driven price increases, with Allsopp & Allsopp reporting a 49 per cent rise in the average sales price for villas and townhouses compared to H1 2024. Communities such as Jumeirah Golf Estates, Arabian Ranches, and Tilal Al Ghaf have led transaction activity, highlighting the enduring appeal of well-established neighbourhoods that offer privacy, space and lifestyle-led amenities. The shortage of newly built villas and townhouses has encouraged both investors and homeowners to renovate existing properties. These upgraded homes are achieving premium resale values, with turnkey, move-in ready properties becoming increasingly popular among both end users and investors seeking strong return on investment.
New York Times
4 days ago
- Business
- New York Times
Depth NHL free-agency targets: The 12 best players on the secondary market
In the flat cap era, the secondary free agent market was a robust source of talent that clever NHL teams mined systematically to flesh out their depth. Under general manager Bill Zito, of course, the Florida Panthers became the poster team for this strategy. Year after year, Zito's Panthers made a point of scooping up bought-out talent (Oliver Ekman-Larsson, Nate Schmidt, Alexander Wennberg) and aggressively targeting non-tendered restricted free agents (Anthony Duclair, Rasmus Asplund, Jesper Boqvist) in unrestricted free agency. These additions haven't always been needle-moving difference-makers for the back-to-back Stanley Cup champions, but they've filled useful roles and deepened the Panthers' lineup over the years. Advertisement The Panthers, of course, aren't the only team that's benefited from trawling the secondary market for depth value. The Dallas Stars (Sam Steel), Washington Capitals (Dylan Strome), and Boston Bruins (Morgan Geekie) are among the teams that netted surplus value with clever, bargain-bin shopping in this aisle of the free-agent supermarket. This year, the secondary market is mirroring the overall 2025 free-agent class. There were fewer buyouts in the first window this June than there regularly were during the flat cap era. With more cap space in the system, meanwhile, there were far fewer high-profile restricted free agents who didn't receive qualifying offers by Monday's deadline. The result is that this 2025 secondary market class is a shallower group than we've seen in previous seasons. That's likely to be a trend going forward in the cap growth era. There are still, however, some interesting names that will now be headed to the open market on July 1. Here are 12 of the top secondary market options for NHL teams to consider in the free-agent frenzy. The Philadelphia Flyers declined to tender 24-year-old forward Jakob Pelletier his qualifying offer ahead of Monday's deadline. A skilled playmaker and 2019 first-round pick for the Calgary Flames, Pelletier crushed the QMJHL in the two years that followed his draft season and had a successful showing for Canada at the World Junior championship in 2021. Then Pelletier turned professional and absolutely dominated the AHL level as a 20-year-old. At that point, he looked poised for future stardom. Pelletier's progress, however, has stalled over the past few seasons. Not only has Pelletier struggled to translate his production to the NHL level, he's been used sparingly at centre (his natural position). There's a real chance now that Pelletier tops out as a tweener: a dynamic AHL scorer who lacks the speed to win in transition and on the perimeter at the NHL level, and lacks the size and gumption to produce in the dirty areas of the ice. Advertisement Pelletier, however, is still young enough to have some developmental runway remaining. He'll need to be more consistent and more willing to pay the price in front of the net to stick at the NHL level, but he remains a worthwhile, affordable gamble in unrestricted free agency based on his hockey IQ and connective playmaking ability alone. Jones is a talented puck-moving, left-handed defender with some actual bite to his game, despite being somewhat undersized. Just 24 years old, he dominates at the AHL level and has been serviceable in sheltered minutes across 115 NHL games with the New York Rangers. Jones wasn't tendered his qualifying offer on Monday, so he'll be headed to the open market in search of a new opportunity this week. He's a worthwhile bet for a team that needs mobility on the back end. In fact, Jones' only real drawback is based on his profile. Jones is 5-foot-11 in a league that prizes size on the back end, and he isn't dynamic enough offensively to be a first-unit power-play quarterback on a high-end team. There just aren't many left-handed defenders playing top-four minutes around the league that aren't star offensive producers, and the exceptions — Samuel Girard and Matt Grzelcyk, for example — are standout defenders in a way that Jones hasn't proven at the NHL level in his career. Kaliyev is a one-dimensional scoring winger with a rocket of a shot. He can beat goalies clean from a distance, which is a valuable skill, but the rest of his game can be frustrating. Kaliyev is a subpar skater, below-average defensively and doesn't contribute much when he isn't scoring. He profiles as a tweener: he isn't talented enough to stick in an NHL team's top six, and doesn't have the foot speed, defensive acumen, forechecking or physicality that teams look for in a bottom-six contributor. Advertisement However, Kaliyev is young enough that he could still be worth taking a chance on. Injuries hindered him this past season, but he scored 14 goals with the Kings as a 20-year-old rookie, and 13 goals and 28 points in 56 games as a 21-year-old sophomore in 2022-23. Perhaps Kaliyev could follow a similar path to Daniel Sprong, a similar one-dimensional sniper, who scored in the 18-20 goal range for two seasons for Seattle and Detroit. Those teams leaned on him as a heavily sheltered bottom-six scorer who could help on the power play. At 38, Vlasic is no longer the shutdown beast he was in his prime. You'd have to go back to pre-pandemic times to find the last evidence of him playing competent top-four minutes. Making matters worse is that he's dealt with injuries over the last couple of years. With that said, perhaps there's still a world where Vlasic can be a depth No. 7 defender. A fresh start on a non-lottery team could rejuvenate his game. He can still kill penalties and could also be a valuable leader and mentor for younger defensemen. And his next contract will likely be so cheap that if it doesn't work out, you can always bury him in the minors without any salary-cap implications. Traded as part of the Andre Burakovsky cap dump to the Seattle Kraken, and then bought out at a one-thirds rate due to his age, Joe Veleno will hit the open market as a 6-foot-1, 201-pound center who is a very strong skater with decent defensive instincts. Veleno only has 81 career points in over 300 career NHL games, and at this stage of his career, he's unlikely to have even a middle-six offensive ceiling. Given his combination of size, athletic traits and positional versatility, however, Veleno could be an interesting, low-risk gamble for a center-needy team. It's wild how quickly Kurashev's stock fell in Chicago. After scoring 54 points in 75 games riding shotgun with Connor Bedard in 2023-24, the Blackhawks decided to shift Kurashev to center and have him lead the second line to start this season. The 2C experiment was a total failure. Kurashev looked a step behind at center; he couldn't produce offensively away from Bedard, nor could he reliably defend. Chicago later tried reuniting Kurashev with Bedard, but that didn't work either. The Blackhawks were outscored 34-14 and controlled only 41 percent of expected goals during Kurashev's five-on-five shifts. By all accounts, this was a disastrous season. Advertisement With all that said, Kurashev has shown enough flashes earlier in his career that a team could be willing to roll the dice on him as an inexpensive bottom-six winger. Klim Kostin is a big-bodied forward with real one-shot scoring skill. Despite his massive frame and deceptive finishing skill, Kostin has an inconsistent defensive motor and isn't quite as physical and assertive as he could be given his frame. In San Jose last season, Kostin battled through a lower-body injury that cost him much of the second half of the season. He wasn't tendered a qualifying offer by the Sharks, and will be able to test the open market. At the end of the day, despite the fact that Kostin hasn't managed to continue to develop after his promising stint with the Edmonton Oilers a few years ago, there aren't too many 6-foot-4, 230-pound wingers that can shoot the way Kostin can. That makes him intriguing at a low dollar amount, at the very least. Sheary has thrived as a complementary scorer for most of his career. The diminutive 5-foot-8 winger possessed the speed, energy and intelligence to complement top-six players. Before arriving in Tampa Bay, he was a consistent bet to chip in with 15ish goals and 35-40 points, with nearly all of that production at even strength. Sheary struggled after signing with the Lightning for 2023-24, scoring just 15 points in 57 games. He was waived to the AHL this past season, but that doesn't necessarily mean he's completely washed up. Sheary lit up the AHL with 61 points in 59 games — he scored 21 points more than the second-highest scoring Syracuse forward. He could be worth a cheap, one-year contract. Jacob Bernard-Docker is a right-handed, defensive-minded third pair defender. His defensive impact is legitimate and consistent, provided he's used in sheltered minutes at five-on-five. Bernard-Docker, who also has first-round draft pedigree, has the sort of profile teams are typically keen to bet heavily on. The issue, however, is that he's not especially big, not an especially high-end skater and while he's a genuinely useful defender at even strength, he's yet to really be tested or accomplished as a penalty-killing specialist. If Bernard-Docker had that penalty-killing element to his game he'd profile as a classic third-pair defensive specialist. Advertisement He's a free dart throw for a down-lineup contributor for somebody, and could pay real dividends if he can diversify his defensive game in the right situation. Yamamoto once looked like he'd be a long-term middle-six solution for the Oilers. He had a three-year stretch from 2019-20 to 2021-22 (his age 21-23 seasons), during which he scored 88 points in 160 games, translating to a 55 points per 82-game pace. Edmonton cut bait with him after a disappointing 2022-23 campaign, and he's since bounced around, including this past season, where he spent most of the year in the AHL. It's clear Yamomoto's early career production was inflated by playing with the Oilers' stars, but he has enough tools to contribute as a bottom-six forward. The 26-year-old is small, but he has slick hands, a relentless compete level, wins a surprising number of board battles at his size and has decent two-way metrics. Overall, he's a serviceable depth player who can hold his own playing up the lineup in a pinch. Pontus Holmberg is just a good, solid fourth-line center. The 26-year-old Swedish pivot has been a mainstay in Toronto's bottom six across the past three seasons, and has consistently had a solid defensive impact while pitching in only a little bit offensively in a classic fourth-line role. He's also improved somewhat year-over-year in the faceoff circle. Holmberg isn't the most physical player, but he's got prototypical size for a bottom-six center and is a strong skater. He's also a reliable two-way presence, even if he's not exactly a driver and has some legitimate offensive limitations. Teams in the market for a bargain-bin bottom-six center could do an awful lot worse than Holmberg given how the market is shaping up for July 1. At first glance, Nielsen seems an unusual inclusion for this list. He's a 25-year-old career AHLer who hasn't even produced at an elite level in the minors. However, we've watched him closely within the Canucks organization over the last few years and see the potential for him to be a diamond in the rough as a depth NHL forward. Advertisement Nielsen is a relentless ball of energy. He's fast and tenacious on the forecheck. He's only 5-foot-10, but is built thick and is a physical wrecking ball. Nielsen regularly throws thunderous open-ice hits and probably has more offensive upside than he's shown lately, too, as he was playing further down the lineup on a stacked Calder Cup-winning Abbotsford Canucks team. He has some similar qualities to Antoine Roussel, who carved out a similar against-all-odds NHL career. The Canucks are overflowing with depth forwards vying for NHL roster spots, so Nielsen never got a big-league look. But it wouldn't surprise us if he can develop into an identity fourth-liner. (Photo of Jacob Bernard-Docker and Pontus Holmberg: Timothy T. Ludwig / Imagn Images)
Zawya
21-05-2025
- Business
- Zawya
Whitewill's Q1 market report reveals AED114.1bln in Dubai real estate transactions
Dubai, UAE: Whitewill, the international luxury real estate agency for developers and partners operating across the UK, USA, and UAE markets, has published its latest Dubai Real Estate Market Overview, offering insights into both off-plan and secondary residential sales trends for Q1 2025. Based on transaction analysis conducted by Whitewill, the report tracked activity across apartments, villas, and townhouses from January to March 2025. It reveals that Dubai recorded over 42,000 real estate transactions with a combined value of AED 114.1 billion during the quarter, based on Whitewill's analysis, underscoring the market's strength across both primary and resale segments. Throughout Q1 2025, the market demonstrated strong resilience, with nearly 25,000 off-plan sales contributing AED 53.9 billion in value. March alone saw more than 8,766 off-plan deals, making it the quarter's peak month. The secondary market also maintained healthy momentum with almost 17,500 resale transactions contributing AED 60.2 billion in value, driven by strong demand in well-established communities and high-performing developments. Across all three months, one-bedroom apartments and three- to four-bedroom villas and townhouses were the most popular housing formats among buyers, highlighting the appeal of practical, investment-friendly layouts. Olga Pankina, Chief Operations Officer at Whitewill Dubai, said: 'Dubai's real estate market continues to show strength across both off-plan and secondary segments. At Whitewill, we're witnessing consistent demand from end-users and investors for quality projects across the emirate. The city's infrastructure, business environment, and lifestyle offering continue to attract a global audience. At the same time, the city's luxury properties are increasingly drawing the attention of ultra-high-net-worth individuals seeking flagship assets in prime waterfront and branded locations. We expect this positive trajectory to continue into the next quarter.' Apartments The report highlights 21,675 off-plan apartment deals in Q1 2025, with transaction volumes rising steadily month-on-month. Jumeirah Village Circle (JVC) led as the top-performing district throughout the quarter, accounting for over 2,200 apartment sales in March alone. Other high-transaction areas included Business Bay and Dubai Residence Complex. Apartments priced between AED 1 million to 1.5 million remained the most in-demand in the off-plan segment, followed by units in the AED 500,000 to 1 million range. In contrast, units priced above AED 5 million consistently represented less than 3% of all off-plan apartment transactions. In the secondary market, JVC, Business Bay, and Dubai Marina were among the most active districts for ready apartment transactions. One-bedroom and two-bedroom apartments remained the top choice for resale buyers. Most secondary transactions occurred in the AED 500,000 to 1.5 million price range, reflecting steady demand for mid-range, high-liquidity properties with attractive rental yields. Villas and Townhouses The report also notes strong performance in the villa and townhouse segment, with over 3,200 units sold off-plan in Q1 2025. Sales momentum remained particularly high in communities like The Valley and Villanova. In February, The Valley alone recorded 400 deals, while in March, it crossed 300. Villas and townhouses priced between AED 3M and 5M continued to attract the highest number of buyers, with four-bedroom units being the most sought-after. The secondary market for villas and townhouses saw strong interest in communities like DAMAC Islands, DAMAC Hills 2, and The Valley. Family-sized homes with three to four bedrooms led transactions across Q1. Most buyers opted for properties priced between AED 2 million and 5 million, with limited activity in the higher-end AED 5 million to 10 million bracket. This trend highlights the continued appeal of mid-range, spacious homes for long-term residents and investors seeking stable returns. Top Performing Areas in Dubai Jumeirah Village Circle retained its position as the top district for apartment buyers, combining accessibility, affordability, and modern living standards. The area recorded 903 off-plan apartment deals in March, the highest of any district that month. In the villas and townhouses segment, The Valley emerged as a favourite across all three months. In January, Villanova led the segment with 220 deals, while Emaar South and Reportage Village also registered notable activity throughout the quarter. On the resale side, DAMAC Islands topped villa transactions each month, followed by DAMAC Hills 2 and Palm Jumeirah. For apartments, Business Bay and Dubai Marina continued to attract investor interest due to their central locations and high rental performance. Trends to Watch In the apartment market, emerging buyer behaviour continues to reflect a strong split between value and prestige. Communities like JVC, Town Square, and Al Furjan remain favourites among buyers seeking affordability, while waterfront areas like Palm Jumeirah and Dubai Harbour consistently top price-per-square-foot rankings. Luxury demand made headlines in February with a landmark AED 116 million sale of a seven-bedroom apartment on Dubai Water Canal, signalling Dubai's enduring appeal among global elites. For villas and townhouses, mid-market properties in communities like The Valley and Villanova cater to family-oriented buyers looking for space, privacy, and community infrastructure. World Islands had the highest square footage, with DAMAC Hills 2 and The Valley topping the affordable sector. Meanwhile, standout deals such as the AED 115 million villa sale on Palm Jumeirah highlight the ongoing strength of Dubai's ultra-luxury segment and its ability to attract high-net-worth investment alongside everyday end-user demand. About Whitewill Real Estate Agency Whitewill Real Estate Agency, founded in 2016 by Oleg Torbosov, has swiftly ascended as a high-end leader in the real estate market, focusing on people and technology to achieve unparalleled success. With over 500 dedicated employees worldwide, Whitewill specialises in the sales of apartments and villas within modern housing developments, particularly in Dubai, working alongside prominent developers like Emaar Properties and Damac Properties. The agency boasts over 450 residential sites in its portfolio, over 150 brokers, and a comprehensive approach that includes a unique training system for brokers, an internal quality control department, and a robust partner network of more than 6,000 agents globally. Whitewill's commitment to innovation, quality, and customer satisfaction has positioned it as a pivotal player in international real estate, catering to high-net-worth individuals with a diverse range of services, from property sales to comprehensive after-sale support.
Zawya
20-05-2025
- Business
- Zawya
Whitewill's Q1 market report reveals AED 114.1bln in Dubai real estate transactions
Dubai, UAE: Whitewill, the international luxury real estate agency for developers and partners operating across the UK, USA, and UAE markets, has published its latest Dubai Real Estate Market Overview, offering insights into both off-plan and secondary residential sales trends for Q1 2025. Based on transaction analysis conducted by Whitewill, the report tracked activity across apartments, villas, and townhouses from January to March 2025. It reveals that Dubai recorded over 42,000 real estate transactions with a combined value of AED 114.1 billion during the quarter, based on Whitewill's analysis, underscoring the market's strength across both primary and resale segments. Throughout Q1 2025, the market demonstrated strong resilience, with nearly 25,000 off-plan sales contributing AED 53.9 billion in value. March alone saw more than 8,766 off-plan deals, making it the quarter's peak month. The secondary market also maintained healthy momentum with almost 17,500 resale transactions contributing AED 60.2 billion in value, driven by strong demand in well-established communities and high-performing developments. Across all three months, one-bedroom apartments and three- to four-bedroom villas and townhouses were the most popular housing formats among buyers, highlighting the appeal of practical, investment-friendly layouts. Olga Pankina, Chief Operations Officer at Whitewill Dubai, said: 'Dubai's real estate market continues to show strength across both off-plan and secondary segments. At Whitewill, we're witnessing consistent demand from end-users and investors for quality projects across the emirate. The city's infrastructure, business environment, and lifestyle offering continue to attract a global audience. At the same time, the city's luxury properties are increasingly drawing the attention of ultra-high-net-worth individuals seeking flagship assets in prime waterfront and branded locations. We expect this positive trajectory to continue into the next quarter.' Key Highlights: Apartments The report highlights 21,675 off-plan apartment deals in Q1 2025, with transaction volumes rising steadily month-on-month. Jumeirah Village Circle (JVC) led as the top-performing district throughout the quarter, accounting for over 2,200 apartment sales in March alone. Other high-transaction areas included Business Bay and Dubai Residence Complex. Apartments priced between AED 1 million to 1.5 million remained the most in-demand in the off-plan segment, followed by units in the AED 500,000 to 1 million range. In contrast, units priced above AED 5 million consistently represented less than 3% of all off-plan apartment transactions. In the secondary market, JVC, Business Bay, and Dubai Marina were among the most active districts for ready apartment transactions. One-bedroom and two-bedroom apartments remained the top choice for resale buyers. Most secondary transactions occurred in the AED 500,000 to 1.5 million price range, reflecting steady demand for mid-range, high-liquidity properties with attractive rental yields. Villas and Townhouses The report also notes strong performance in the villa and townhouse segment, with over 3,200 units sold off-plan in Q1 2025. Sales momentum remained particularly high in communities like The Valley and Villanova. In February, The Valley alone recorded 400 deals, while in March, it crossed 300. Villas and townhouses priced between AED 3M and 5M continued to attract the highest number of buyers, with four-bedroom units being the most sought-after. The secondary market for villas and townhouses saw strong interest in communities like DAMAC Islands, DAMAC Hills 2, and The Valley. Family-sized homes with three to four bedrooms led transactions across Q1. Most buyers opted for properties priced between AED 2 million and 5 million, with limited activity in the higher-end AED 5 million to 10 million bracket. This trend highlights the continued appeal of mid-range, spacious homes for long-term residents and investors seeking stable returns. Top Performing Areas in Dubai Jumeirah Village Circle retained its position as the top district for apartment buyers, combining accessibility, affordability, and modern living standards. The area recorded 903 off-plan apartment deals in March, the highest of any district that month. In the villas and townhouses segment, The Valley emerged as a favourite across all three months. In January, Villanova led the segment with 220 deals, while Emaar South and Reportage Village also registered notable activity throughout the quarter. On the resale side, DAMAC Islands topped villa transactions each month, followed by DAMAC Hills 2 and Palm Jumeirah. For apartments, Business Bay and Dubai Marina continued to attract investor interest due to their central locations and high rental performance. Trends to Watch In the apartment market, emerging buyer behaviour continues to reflect a strong split between value and prestige. Communities like JVC, Town Square, and Al Furjan remain favourites among buyers seeking affordability, while waterfront areas like Palm Jumeirah and Dubai Harbour consistently top price-per-square-foot rankings. Luxury demand made headlines in February with a landmark AED 116 million sale of a seven-bedroom apartment on Dubai Water Canal, signalling Dubai's enduring appeal among global elites. For villas and townhouses, mid-market properties in communities like The Valley and Villanova cater to family-oriented buyers looking for space, privacy, and community infrastructure. World Islands had the highest square footage, with DAMAC Hills 2 and The Valley topping the affordable sector. Meanwhile, standout deals such as the AED 115 million villa sale on Palm Jumeirah highlight the ongoing strength of Dubai's ultra-luxury segment and its ability to attract high-net-worth investment alongside everyday end-user demand. Download the full reports here and visit for more information. About Whitewill Real Estate Agency Whitewill Real Estate Agency, founded in 2016 by Oleg Torbosov, has swiftly ascended as a high-end leader in the real estate market, focusing on people and technology to achieve unparalleled success. With over 500 dedicated employees worldwide, Whitewill specialises in the sales of apartments and villas within modern housing developments, particularly in Dubai, working alongside prominent developers like Emaar Properties and Damac Properties. The agency boasts over 450 residential sites in its portfolio, over 150 brokers, and a comprehensive approach that includes a unique training system for brokers, an internal quality control department, and a robust partner network of more than 6,000 agents globally. Whitewill's commitment to innovation, quality, and customer satisfaction has positioned it as a pivotal player in international real estate, catering to high-net-worth individuals with a diverse range of services, from property sales to comprehensive after-sale support.
