A significant 83% increase in home sales in Abu Dhabi
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The recent British real estate consultancy Savills’ report highlighted a significant 83% increase in home sales in Abu Dhabi, fueled by the arrival of digital nomads and expatriates.
The report mentioned that the capital of the UAE witnessed, in 2023, 11,200 property transactions, which represents a substantial rise from the previous year. This increase in sales of both villas and apartments has been attributed to several government initiatives, a flourishing economy, and the introduction of new residential projects.
Savills notes that Abu Dhabi’s appeal to expats and digital travellers has played a crucial role in this growth, positioning the emirate as the fourth most attractive location for executive travellers, according to the Savills Executive Nomad Index, trailing only behind Dubai, Malaga, and Miami.
The emirate has become a favorite among executive nomads from Northern Europe, thanks to its remote working visa and golden visas aimed at drawing property investors and skilled professionals in creative sectors, financial services, and startups.
The demand surge has prompted the launch of over 8,000 new housing units in the past year, observes Stephen Forbes, Head of Savills Abu Dhabi. He also mentions improvements in market transparency, which have made Abu Dhabi more attractive to a wider array of investors and end-users, including foreign nationals and the Emirati population.
In terms of property types, luxury villas and townhouses were in high demand in 2023, with 4,800 units sold, making up 43% of the year’s total sales. A significant majority of these, 84%, were off-plan purchases, with waterfront properties on Saadiyat Island, Yas Island, and Al Reem Island being particularly sought after.
Apartments, however, constituted the majority of transactions, representing 57% of all sales, with off-plan purchases accounting for 69% of apartment sales.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
The five-year floating-rate senior unsecured committed revolving credit facility is the largest syndicated sustainability-linked deal by a real estate company in the Middle East
2 min
Aldar Properties PJSC (“Aldar”) has successfully closed an AED 9 billion (USD 2.45 billion) sustainability-linked syndicated senior unsecured committed multi-tranche revolving credit facility (RCF). The facility represents the largest sustainability-linked, syndicated deal by a real estate company in the Middle East.
The transaction follows Aldar’s successful and inaugural AED 3.67 billion (USD 1 billion) hybrid notes issuance completed earlier this month. Together, these transactions reinforce Aldar’s capital structure, financial flexibility and resilience, ensuring the company remains well-positioned to execute against its ongoing growth initiatives as part of its ambitious growth strategy.
Showcasing Aldar’s ability to scale and execute complex and diverse capital solutions, the facility is six times larger than any other single bank financing the company has done in its recent history. Moreover, the facility, arranged at a historically tight credit spread for Aldar, reinforces balance sheet resilience, providing substantial committed liquidity at a time of rapid growth across the company’s property development and investment platforms.
Faisal Falaknaz, Group Chief Financial and Sustainability Officer at Aldar, said: “This syndicated facility is a significant milestone that underscores Aldar’s financial strength and our ability to attract funding from a wide range of high-quality institutional sources. It reflects the trust and confidence that global and regional banks place in our business model and trajectory of accelerated growth. This facility, together with our recent hybrid issuance, ensures we remain well positioned to drive our strategic initiatives, capitalize on emerging opportunities, and create sustainable value for all our stakeholders.”
Demonstrating Aldar’s strong market standing, credit profile, and growing reputation globally, the syndication attracted orders from 15 prominent international and regional financial institutions, including a number of new financiers to Aldar’s credit panel. Participating banks include Abu Dhabi Commercial Bank, Ajman Bank, Bank of China, Citi, Dubai Islamic Bank, Emirates Islamic Bank (P.J.S.C.), Emirates NBD Bank (P.J.S.C.), First Abu Dhabi Bank, HSBC, Intesa Sanpaolo, J.P. Morgan, Mashreq, National Bank of Kuwait, National Bank of Ras Al Khaimah, and Sharjah Islamic Bank.
The facility, which has a five-year tenor and incorporates both conventional and Islamic tranches across AED and USD currencies is both committed and revolving linked to a floating rate to capitalize on conducive market conditions. It supports Aldar’s operational and financial flexibility, providing additional financial firepower to support its growth ambitions.
This facility is also linked to sustainability-linked KPIs, showcasing Aldar’s firm commitment to measurable ESG targets and responsible business practices. By integrating sustainability into its financing framework, Aldar reinforces its position as a leader in sustainable growth while supporting its broader ambitions of creating long-term value for stakeholders.
In January 2025, Moody’s reaffirmed Aldar’s Baa2 credit rating with a stable outlook. The milestone facility enhances Aldar’s liquidity position further, with available liquidity of AED 26.9 billion (pro forma for this syndication) as of 30 September 2024, comprising free and unrestricted cash and bank balances totaling AED 9.5 billion and undrawn committed revolving credit facilities of AED 17.4 billion (pro forma for this syndication) with an average debt maturity of 5.2 years.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Wasalt has been witnessing significant growth in usage, boasting more than 750,000 registered users, and 100,000 monthly leads.
2 min
Wasalt—the most advanced digital real estate platform specializing in real estate services—has emerged as a transformative leader in Saudi Arabia’s PropTech landscape within a short period of 4 years, redefining the real estate ecosystem with cutting-edge technology, AI-driven solutions, and the recent launch of its innovative digital auction platform licensed by Infath, the Kingdom’s entrustment and liquidation center.
With an anticipated five-fold increase in revenue from 2025 to 2028, Wasalt has been witnessing significant growth in usage, boasting more than 750,000 registered users, and 100,000 monthly leads. Furthermore, through its new auction platform, it has transformed the traditional auction process, providing a seamless and secure experience for buying and selling properties.
Beyond auctions, Wasalt continues to lead the market in transparency with AI-driven verification protocols and an innovative valuation tool, enhancing user confidence. These tools allow users to create personalized property descriptions, generate social media content, access real-time property valuations, predict ROI, and receive quality leads within Saudi Arabia’s booming US$1.25 trillion real estate market.
Ziad El Chaar, Chairman of Wasalt, said: “With the Kingdom’s population surging and requiring 1.5 million new homes, Wasalt was established to modernize the real estate industry. Our rapid growth within four years of launch speaks volumes of our success in addressing the limitations of traditional real estate practices. This also reflects the platform’s ability to deliver value and convenience to the Saudi real estate community which enables brokers, developers, and buyers to focus on what truly matters—closing deals and growing their businesses. Simplifying the complexities of the real estate market by leveraging data analytics and providing users with tools for informed decision-making will be critical as the country braces for homeownership to increase from 47% to 70% by 2030.”
As Wasalt continues to evolve, the company has introduced verification and quality assurance measures to proactively address market gaps, ensuring that listings remain continuously updated and free from inaccuracies, while rolling out new features and services to strengthen the real estate landscape in Saudi Arabia and deliver unparalleled value and efficiency to its users.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Interior designer Thomas Hamel on where it goes wrong in so many homes.
This office will provide personalized investment services tailored to High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs).
2 min
Hassi Properties, a premier global real estate advisory firm known for its bespoke services and deep expertise in luxury real estate investments, proudly announces the opening of its new Private Office in Dubai. Strategically located in the heart of one of the world’s most dynamic property markets, this exclusive office will provide personalized investment services tailored to High-Net-Worth Individuals (HNWIs) and Ultra-High-Net-Worth Individuals (UHNWIs).
Dubai’s real estate sector continues to demonstrate remarkable resilience and exceptional growth, particularly in the luxury property segment. Hassi Properties’ Private Office aims to capitalize on this momentum by offering elite clientele bespoke advisory solutions, curated investment opportunities, and exclusive access to the region’s most prestigious properties.
“We are thrilled to expand our footprint with the launch of our Private Office in Dubai,” said Hassan Waqar, Chief Executive Officer of Hassi Properties. “This initiative underscores our commitment to delivering unparalleled service and tailored solutions to our discerning clients. Dubai’s status as a global hub for luxury real estate, combined with its business-friendly environment and lifestyle appeal, makes it the ideal location for this strategic expansion.”
Tailored Services for an Elite Clientele
The Private Office will specialize in:
- • Bespoke Property Advisory: Tailored consultations to identify and secure premium real estate investments, including luxury residences, waterfront properties, and iconic developments.
- • Exclusive Market Insights: Proprietary data and expert analysis to navigate the complexities of Dubai’s evolving real estate market.
- • Off-Market and Private Listings: Access to discreet investment opportunities and confidential listings.
- • Portfolio Diversification Strategies: Comprehensive solutions for building and managing diversified, high-yield real estate portfolios.
The Private Office will also focus on fostering long-term relationships with international investors, family offices, and private wealth managers seeking secure, high-growth assets within Dubai’s luxury property landscape.
Dubai: A Prime Destination for Global Investors
Dubai remains a magnet for affluent investors drawn by its world-class infrastructure, tax-efficient environment, and unparalleled lifestyle offerings. The city’s luxury real estate market has been characterized by robust demand for ultra-prime properties, with record-breaking transactions reflecting a growing appetite among HNWIs and UHNWIs for premium assets.
“With our deep market knowledge, global network, and bespoke approach, Hassi Properties’ Private Office will empower clients to make informed, strategic decisions that maximize their investment returns,” added Hassan Waqar, Chief Executive Officer at Hassi Properties.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
At the heart of this growth lies the off-plan market, which contributed over half of the total transaction value.
2 min
Dubai’s real estate market closed 2024 with exceptional results, further establishing the city as a beacon of innovation, luxury, and strategic investment in the global property sector.
According to Springfield Properties’ Q4 2024 Dubai Real Estate Market Report, total sales transaction values reached AED 116.5 billion, reflecting a 31.1% year-on-year increase, with transaction volumes surging 51.8% to 46,844 closed deals.
At the heart of this growth lies the off-plan market, which contributed over half of the total transaction value, as well as Dubai’s thriving luxury property segment, which continues to attract high-net-worth individuals and institutional investors worldwide. Established communities like Palm Jumeirah, Downtown Dubai, and Dubai Marina remain dominant, offering a blend of exclusivity, lifestyle appeal, and long-term value.
Commenting on the results, Farooq Syed, CEO of Springfield Properties, stated: “Dubai’s real estate market continues to demonstrate remarkable strength and global appeal, underpinned by strategic planning, visionary developments, and investor confidence. This growth is the result of a deliberate focus on meeting evolving buyer preferences while setting new benchmarks in quality, innovation, and sustainability”.
The report highlights the off-plan segment’s pivotal role in driving Dubai’s real estate success, with 30,388 transactions recorded in Q4, supported by innovative payment plans and a strong investor appetite for future-ready assets. Areas such as Dubai South and Jumeirah Village Circle emerged as growth hubs for mid-income buyers, while luxury off-plan developments in Palm Jumeirah and Dubai Hills Estate attracted a global audience seeking exclusivity and modernity.
Simultaneously, the luxury segment reinforced its position as a key driver of market value, with premium properties in Palm Jumeirah achieving the highest average sales price at AED 4,600 per square foot. These numbers underline Dubai’s ability to cater to the highest echelons of global demand, ensuring its status as a leader in the ultra-luxury market.
Syed added: “Dubai’s appeal to high-net-worth individuals is about delivering a seamless integration of lifestyle, security, and strategic value. Buyers and investors see Dubai as a city that not only offers world-class amenities but also understands their aspirations for long-term growth and stability”.
As Dubai’s population approaches 4 million in 2025, demand across all property segments continues to rise. Key areas such as Dubai South, with its focus on inclusivity and strategic infrastructure, are expected to complement the ongoing strength of luxury hubs like Palm Jumeirah and Downtown Dubai. The city’s alignment with the Dubai 2040 Urban Master Plan further highlights its commitment to building a sustainable, forward-thinking real estate ecosystem that appeals to both global investors and end-users.
“Dubai has positioned itself as a global real estate leader by continuously adapting to market dynamics and driving innovation,” Syed concluded. “As we move into 2025, the focus will remain on delivering value-driven projects that reflect Dubai’s unique ability to combine inclusivity with exclusivity, setting the standard for urban living in the years ahead”.
The Q4 2024 results highlight a pivotal year for Dubai’s real estate sector, showcasing its adaptability, resilience, and ability to capture global attention. As the city transitions into 2025, Dubai is uniquely positioned to continue reshaping the real estate landscape with its strategic developments, forward-thinking policies, and unwavering focus on excellence.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Ola Residences is thoughtfully designed to offer an exquisite blend of contemporary aesthetics, natural beauty, and world-class amenities.
3 min
Lacasa Living, the boutique development arm of Lacasa Architects & Engineering Consultants, announced the launch of Ola Residences at Al Marjan Island. This residential project, valued at AED 200 million AED is set to add to the rapidly growing demand for properties in Al Marjan Island Ras Al Khaimah. With an expected handover in Q1 2027, Ola Residences is thoughtfully designed to offer an exquisite blend of contemporary aesthetics, natural beauty, and world-class amenities, making it a true haven for residents seeking tranquility and elegance
With its stunning location on Al Marjan Island and its impeccable attention to detail, Ola Residences offers a lifestyle like no other, with ready-to-move-in apartments that combine the beauty of nature with the finest comforts of modern living. Ola Residences is a meticulously planned development featuring two basement levels, a ground floor, seven apartment floors, and rooftop amenities. The project comprises 96 fully furnished apartments, evenly split between studios and one-bedroom units. The average area for a studio is 390 sq. ft, leading up to one-bedroom apartments sized at 820 sq ft and the more plush one-bedroom apartments with a private pool spanning 1,289 sq ft. The prices start from AED 1.18 million, with a payment plan structured at 40% during construction and 60% upon completion. The anticipated handover is scheduled for the first quarter of 2027.
“We are very excited to launch Ola Residences, which will be our first project for boutique residential apartments. As architects we have always put precision and design at the heart of all our projects and Ola Residences brings the best of our creativity in every element. Each aspect of the space serves a purpose that inspires connection, belonging, and beauty, just as we believe is the core of Lacasa Living” emphasized Emad Jaber, Chairman of Lacasa Living.
Backed by the expertise of Lacasa Architects & Engineering Consultants, Lacasa Living brings over 400 professionals together to craft thoughtfully designed spaces that blend timeless aesthetics with innovative solutions. Ola Residences is a reflection of this dedication, combining superior craftsmanship with a commitment to fostering vibrant communities.
“As with all our projects, we conceptualized Ola Residences to be an epitome of design, destination and delight. We chose to be in Al Marjan Island as the location has a growing focus on tourism and opportunities for residential development, especially near coastal areas. It is perfectly tailored to every preference, whether you are chasing thrills, seeking relaxation, or creating family memories. The project’s design blends nature and artistry. Our amenities are crafted to elevate every aspect of life. Every detail, from the cohesive design to the inspired living experience, reflects our core philosophy of creating spaces that enhance human experiences,” says Eng. Ahmad Jaber, CEO, Lacasa Living.
The design philosophy seamlessly combines elegance and warmth. It imbibes the emirate’s natural beauty and reflects the rhythms of the sea and the majestic mountains. The reception area greets visitors with a striking water-drop feature, a magnificent chandelier adorned with ballerina figures, and a warm colour palette of pearl tones and burnt oranges, creating an inviting and serene ambiance.
Designed for both residents and investors, Ola Residences is equipped with short-term rental readiness, complete with locker storage. Residents can unwind with a host of thoughtfully curated amenities and features like at the rooftop infinity pool and bar, offering stunning vistas where the sea meets the sky. The state-of-the-art fitness centre with large ocean-facing windows, as well as sauna and steam rooms are perfect for wellness enthusiasts. Families can enjoy dedicated spaces such as a kids’ play area and pool, residents can avail co-working spaces, storage facilities, and in-house laundry services for added convenience and flexibility for all residents.
Lacasa Living has partnered with One Broker Group, an award-winning, developer-focused real estate agency to prioritize the sales interest of end users and investors for the newly launched bespoke Ola Residences. Looking ahead, Lacasa Living has outlined an ambitious growth trajectory, with six projects already designed and ready for development. The company projects AED 1.2 billion in project values for 2025, AED 2 billion for 2026, and AED 3 billion for 2027. Each project will emphasize ready-to-move-in properties that combine bespoke design and boutique living in a functionality, community-centric environment.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The announcement comes on the back of HRE’s recent partnership with Dubai Cares to support the education of youngsters in developing countries.
2 min
As part of its vision of ‘building with purpose’ and empowering citizens both in the UAE and internationally, HRE Development – a pioneering Dubai real estate company – has confirmed it is the main sponsorship partner of the ‘Fazza International Championships for People of Determination 2025,’ joining forces with Dubai Land Department (DLD), along with the Dubai Club for People of Determination and the Dubai Sports Council.
The championships, set to commence on 01 February 2025, will be held under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, Chairman of the Dubai Sports Council (DSC) and Chairman of the Higher Committee for the Protection of the Rights of People of Determination in Dubai
This announcement comes on the back of HRE Development’s recent partnership with Dubai Cares, part of Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI), whereby it extended a financial contribution of AED 30 million to Dubai Cares’ mission, ensuring that underprivileged children and youth in developing countries gain access to quality education.
As a developer, HRE has set itself a unique mission – Building with Purpose – which aims to give back at every opportunity.
The latest edition of the ‘Fazza International Championships’ features four major sports tournaments, including the 16th Fazza International Para Athletics Grand Prix, with the participation of 1,000 athletes; the first Fazza International Swimming Championship, welcoming 500 athletes; the 16th Fazza International Para-Badminton Championship, featuring 300 athletes; and the ninth Fazza Para Archery World Ranking Tournament, also hosting 300 athletes.
These events aim to create an inclusive competitive environment that brings together athletes from over 70 countries, nurturing values of excellence and inclusivity. Through these championships, which were first launched 16 years ago, Dubai seeks to reinforce its position as a city that is supportive of People of Determination, providing them with all the tools necessary to achieve success and unleash their creativity.
Wissam Breidy, CEO of HRE Real Estate Development, said: “We are honored to be the strategic partner of the Fazza International Championships, reinforcing our mission of purposeful building to leave a positive impact on the community. We are committed to creating spaces that empower individuals, foster inclusivity, and support resilience. By supporting the UAE team for People of Determination, our mission goes beyond constructing structures; it becomes about laying the foundation for dreams, aspirations, and communities where everyone has the opportunity to thrive. This mission aligns with the vision of Dubai, the UAE, and its wise leadership to create a positive impact and build a sustainable and prosperous future for all.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Property Finder reveals 2024 insights showcasing unprecedented growth and momentum across the region
3 min
UAE’s real estate market continues to soar as Property Finder, MENA’s leading property portal, reveals 2024 insights showcasing unprecedented growth and momentum across the region.
Dubai achieved record-breaking transaction volumes and values, totaling 180,987 transactions worth AED 522.5 billion. This marks a significant leap of 36.5% in volume and 27.2% in value compared to the previous market peak in 2023. The surge was driven primarily by off-plan sales, which accounted for 60.5% of total transactions, up from 43.6% last year.
Meanwhile, Abu Dhabi’s real estate sector demonstrated a moderate performance, with 14,662 transactions valued at AED 47.92 billion the market grew by 4% in terms of volume. Residential properties represented 66% of total transaction volume and 53% of total value, recording 9,707 transactions worth AED 25.6 billion
Key insights included:
Off-plan Market:
- Dubai:
- Off-plan sales in the Emirate demonstrated increased demand, with a year-on-year volume growth of approximately 60.5%, reaching around 109,527 transactions.
- This marked the highest volume of transactions for a year ever recorded. In terms of values, there was a year-on-year surge of around 43.5%, amounting to AED 228.03 billion, compared to AED 159 billion in 2023.
- The market also experienced a remarkable contribution to the total transaction, with its highest proportion for off-plan transactions in the past decade, reflecting a 61% increase.
- Abu Dhabi:
- The off-plan market registered approximately 5,385 transactions, accounting for 55.5% of the total in 2024.
- Values reached AED 16.34 billion, contributing to 63.8% of the total residential sales transaction value.
Existing/Ready Property Market:
- Dubai:
- Existing property related transactions showed a YoY increase of around 10.9% in volume, with around 71,460 transactions.
- This accounted for 39% of the total transactions in 2024. The market also experienced a changing hand for the off-plan market in which the new projects are more attractive to the investors and the home seekers.
- The value of these transactions surged by almost 16.9% YoY, reaching AED 294.5 billion, compared to AED 252 billion in 2023.
- Abu Dhabi:
- Existing property related transactions showed a significant YoY growth of 53.4% in volume, reaching approximately 4,320 transactions in 2024.
- These transactions accounted for 64% of total transactions volume.
- The total value of existing/ready transactions reached AED 9.27 billion, contributing 44.5% of the total sales transaction value in 2024.
- This represented a 34.7% YoY increase in transactional value.
Cherif Sleiman, Chief Revenue Officer, Property Finder commented, “2024 was a defining year for UAE’s real estate sector thanks to a record-breaking volume and value of transactions and it looks set to continue for 2025. It is an exciting time in the industry as momentum continues to grow in Dubai’s off-plan market, as well as in Abu Dhabi’s portfolio of properties. In a market hungry for further trust and transparency, the newly launched Smart Rental Index from Dubai Land Department is just one example of how the UAE constantly strives to raise the bar. We are fortunate to operate in a nation that champions economic diversification, attracts foreign investments and welcomes an influx of talent, creating sustained interest in the property market.
As a lighthouse tech company in the region, Property Finder will continue to spearhead innovation and empower our stakeholders with accurate data and insights to support both home seekers and our customers.”
Adding an external perspective, Mark Richards, Chief Executive Officer, The Network, noted, “Dubai’s real estate market is set for a strong performance in 2025, driven by sustained demand and limited supply in key segments. The emirate continues to attract new residents, with an annual influx of 50,000–60,000 people, reinforcing long-term market stability. Approximately 41,000 new residential units are expected to be delivered in 2025, but only around 5,000 of these will be villas and townhouses, highlighting a significant supply gap in this high-demand sector. These dynamics, combined with Dubai’s position as a global hub, suggest a highly optimistic outlook for 2025 and beyond.”
Sam McCone, Managing Partner, McCone Properties, said, “Private developers have consistently demonstrated their commitment to delivering high-quality real estate, often surpassing expectations. While the major players have focused on creating expansive master-planned communities, private developers have invested time and effort into refining the quality and craftsmanship of individual projects. As a result, buyers and tenants are beginning to raise their expectations. They now seek not only desirable locations but also properties that meet high standards of design, construction, and interior quality. This evolving demand is redefining the competitive landscape and setting new benchmarks across the market.”
Abdullah Alajaji, Managing Director, Driven Properties, highlighted, “In 2024, we saw affordable housing becoming increasingly sought after as rents continued to rise. There was also a noticeable shift toward smaller units in terms of size, which has been a defining characteristic of the market. We observed sustained demand in both the luxury property and off-plan markets, trends that we believe will persist into 2025. The growing interest in off-plan properties indicates strong investor confidence in future developments, a positive sign for the market in the coming year.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
A Year of Growth, Excellence and Giving Back
3 min
2024 was a record setting year for Dubai real estate, and a landmark year for LEOS Development, who solidified its position as a key player in Dubai’s property market. Driven by a strong portfolio of groundbreaking projects, strategic partnerships and a renewed commitment to sustainability, LEOS has set new benchmarks in design, innovation and community. Looking to build further momentum in 2025, LEOS is set to launch Weybridge Gardens 4 during Q1, marking the beginning of another dynamic year, bringing the total up to ninth projects.
Over the past 18 months, LEOS launched an impressive seven projects, including Hadley Heights, Weybridge Gardens (1,2, and 3), Cavendish Square, Knightsbridge, and Kensington Gardens. The company’s operational efficiency was exemplified when two projects were launched within a 10 day window. Achieving over 90% sales across all projects is a clear testament to market confidence and LEOS’ commitment to excellence.
LEOS is redefining Dubai’s real estate landscape with a portfolio of projects that offer timeless contemporary design, world class amenities and meticulously crafted interiors by British and European architects. Knightsbridge redefines wellness, with the first climate-adaptive community, located in Meydan District 11. In the serene community of Greenwood, Kensington Gardens, harmonizes sophisticated design with idyllic nature, perfect for families. In Jumeirah Village Circle, Cavendish Square and Hedley Heights are positioned in the sought after location for seamless city living. Weybridge Gardens 1, 2 and 3 delivering 683 modern apartments and excellent connectivity on Sheikh Mohammed Bin Zayed Road.
In July, LEOS expanded its presence by becoming the official sponsors of AFC Bournemouth who play in the prestigious English Premier League. This collaboration is grounded in shared values and a commitment to growth, aligned with the company’s broader vision of global expansion and community connection. Reinforcing its dedication to giving back, LEOS announced a pledge to donate profits from all future projects to Mr. Adel Alsweedi’s Dubai Charity Association. This milestone reflects the company’s long-term vision to create lasting impact and offer community support.
The UAE’s growing global stature is a key factor in LEOS’ success. Ranked seventh globally in the 2024 IMD World Competitiveness Yearbook, the UAE has seen significant foreign direct investment inflows of $30.7 billion in 2023, with Dubai emerging as a magnet for global investors. The Emirate’s proactive economic initiatives and advanced infrastructure have driven demand, in communities such as Jumeirah Village Circle (1,035 units sold) and Jumeirah Village Triangle (670 units sold), which topped sales transactions in November, according to the latest report from Engel & Völkers Middle East.
As demand for eco-friendly properties grows, developers are increasingly integrating sustainable design features into their projects. LEOS is at the forefront of sustainability. LEOS Knightsbridge development is Dubai’s first climate-adaptive wellness community. The project incorporates a host of eco-friendly features, including hydroponic vertical gardens, solar panels, rainwater harvesting systems, EV charging stations, energy-efficient lighting, and green roof irrigation systems. The demand for health-conscious, wellness-driven communities is intensifying. As residents become more focused on their physical and mental well-being, developers are responding by prioritizing wellness in their projects. Kensington Gardens offers crystal healing lighting, swimmable lagoon, wellness centers, gyms, yoga & meditation spaces and harvest gardens – to promote well-being and provide balanced, rejuvenated lifestyle.
As the real estate industry continues to evolve, 2025 is set to be a year defined by several pivotal trends, particularly in fast-growing and dynamic markets like Dubai. LEOS Developments, a key player in the city’s luxury real estate sector, is positioning itself to lead the charge, aligning its projects with these emerging industry shifts.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The emirate’s unique advantages and high competitiveness make it an attractive destination.
< 1 min
The real estate market in Ajman recorded transactions worth AED2.28 billion in December 2024, marking an impressive growth of 102 percent compared to the same period in 2023, according to the Department of Land and Real Estate Regulation’s latest Real Estate Report.
Omar bin Omair Al Muhairi, Director-General of the Department, shared that December witnessed 1,169 transactions, including 935 property trades valued at over AED1.86 billion. The highlight of the month was a property sale in Al Jurf 1, which fetched AED300 million.
Al Muhairi emphasized the remarkable performance of Ajman’s real estate sector, attributing its growth to the quality and diversity of investment opportunities. He noted that the market’s sustained expansion underscores its appeal to investors from various sectors and highlights Ajman as a competitive and attractive destination for business and investment.
The report further revealed that mortgage transactions played a significant role, with 148 deals valued at over AED252.8 million. Among these, the highest mortgage value of AED11.2 million was recorded in Al Jurf Industrial 3.
Ajman’s growing competitiveness continues to position it as a key player in the regional real estate market, offering a dynamic and lucrative environment for investors.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain.
2 min
Recording a milestone year, Dar Global, the London-listed luxury real estate developer, announced that it unveiled ten landmark projects in 2024, spanning Saudi Arabia, the UAE, Qatar, Oman, and Spain, with a combined value exceeding US$1.9 billion. These unique developments not only strengthen Dar Global’s position as a leader in redefining the global luxury real estate landscape but also presents projects that have high investment potential.
Dar Global’s latest launches highlight its continued partnership with the Trump Organization, including the Trump Jeddah Tower (US$530 million), which is set to become one of Jeddah’s tallest landmarks with luxury apartments and an exclusive members-only club. In Riyadh’s area next to Expo 2030, Neptune by Mouawad (US$230 million) offers 200 premium villas. In the UAE, The Astera (US$238 million) features Aston Martin-designed interiors on Al Marjan Island, including the exclusive Sky Villa (US$11 million) part of its exclusive 1 of 1 portfolio. In Spain, Marea Interiors by Missoni (US$108 million) introduces a gated community in Finca Cortesin, blending luxury living with Missoni’s iconic design.
Qatar’s The Weekend 2 by Elie Saab (US$75 million), located on Qetifan Island North, blends luxury living with premier recreational amenities. In Oman, the portfolio includes The Great Escape 2 (US$70 million), a residential complex in Aida, Muscat, as well as the Marriott Residences (US$100 million), exclusive beachfront properties in Aida, and the Trump International Hotel & Trump Cliff Villas (US$495 million), a premium mixed-use development spanning 3.5 million square meters. Additionally, the Trump Golf Villas (US$40 million), perched 130 meters above the Muscat Riviera, offer spectacular views and luxury living.
Ziad El Chaar, CEO of Dar Global, said: “Last year’s launches highlight our unwavering commitment to delivering world-class luxury properties in some of the most sought-after destinations. These projects reflect our ability to anticipate and meet the evolving demands of global investors, offering unmatched lifestyle and investment opportunities. As we look ahead, we are focused on further strengthening our global footprint.
Building on its momentum, Dar Global is gearing up for US expansion, with plans to invest in key international cities. The Company aims to partner with top-tier developers to create luxury residences, targeting both US and international buyers.
Since the Company’s establishment in 2017 and further listing on the London Stock Exchange in 2023, Dar Global continues to redefine luxury real estate with a track record of delivering high-quality projects across nine markets, and a portfolio that seamlessly blends innovative design, strategic partnerships, and unparalleled luxury across key global destinations. With a globally affluent clientele from over 100 nationalities, Dar Global remains a trusted name for exceptional investment and lifestyle opportunities.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The project will deliver 336 housing units and 36 ownership apartments.
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Bahrain’s Ministry of Housing and Urban Planning has announced the commencement of construction on 372 residential units in Phase I of the Khalifa City project. This milestone marks a significant step in addressing the nation’s housing needs.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sakan’s Q3 2024 report on Kuwait highlighted six key trends shaping the real estate market.
3 min
The Kuwaiti real estate market witnessed significant developments in the third quarter of 2024, with a noticeable balance achieved between residential and investment property sales, amidst a boom in housing and infrastructure projects, said GCC online real estate platform Sakan.
Sakan recently unveiled its latest Q3 2024 report about Kuwait, providing a comprehensive overview of the real estate market in Kuwait. The report highlighted 6 key trends shaping the market, namely:
- The rise of residential cities: Government housing projects, such as Al-Mutlaa City and South Saad Al-Abdullah City, contribute to the creation of modern urban communities and accommodate the growing demand for housing units.
- A golden age of infrastructure: Huge investments estimated at $32.6 billion to develop infrastructure, such as roads, airports and railway projects, contribute to boosting economic and real estate activity.
- Storage crisis and its impact on the market: The challenges facing the storage sector due to high demand and lack of licensed space highlight the need for more regulation and investment in this sector.
- Changes in property ownership for foreigners: New rules now provide GCC nationals with the same property rights as Kuwaiti nationals in Kuwait, while strict conditions are set for other nationalities to buy real estate.
- Gulf tourism wave: Expectations of an increase in the number of tourists to 7.4 million by 2028 boost demand for the hospitality and retail sectors, which will positively reflect on the real estate market.
- Offices: Flight to quality: With more options available, the office market is seeing a shift towards higher quality offices, catering to the needs of businesses seeking better working environments.
Real estate transactions
The Kuwaiti real estate market witnessed strong performance during the third quarter of 2024, with a balance between stability in the value of transactions and growth in the number of deals.
Although the value of real estate transactions remained stable at KWD 853 million, the number of transactions increased by 24%, indicating the market’s focus on smaller real estate transactions, especially in the residential and investment sectors.
Indeed, investment property sales grew by 49.5% in Q3 compared to the same period last year, according to government data. This increase reflects increased interest from buyers in investment apartments, compensating for a weaker commercial property performance.
Despite the challenges facing the commercial real estate sector, this expansion in residential investment reinforces the position of the Kuwaiti real estate market as a promising investment destination in the region.
Residential properties
Housing and infrastructure projects play a vital role in boosting the performance of the Kuwaiti real estate market, as highlighted in the Q3 2024 report. Ongoing major housing projects include Mutlaa City ($30 billion), Jaber Al-Ahmad City ($1.4 billion), and South Saad Al-Abdullah ($6.9 billion), contributing to the creation of sustainable housing opportunities and stimulating economic growth.
Apartment rental prices in Kuwait during the third quarter of 2024 showed clear disparities between governorates and regions, reflecting the diversity of housing options and demand for different properties.
The Capital Governorate topped the list of highest rents, with the average rent for a two-bedroom at KWD 643 per month and a three-bedroom apartment reaching KWD 888 per month. The capital is considered the most attractive due to its proximity to business centers and services.
The Hawalli Governorate came in second, especially in the coast-facing areas of Salmiya and Salwa, where rents reach KWD 550 per month for a two-bedroom apartment and KWD 693 for a three-bedroom apartment.
Investment yields for apartments based on median prices were estimated at 7.6% (two-bedroom) and 9.1% (three-bedroom) in the Hawalli-Salmiya area, and 6.9% (2-bedroom) and 8% (3-bedroom) in the Sabah Al Salem area.
The report also shows housing prices across Kuwait. The average house price in Kuwait was KWD 480,000, with the Capital Governorate leading the way with an average of KWD 750,000.
Commercial real estate
Meanwhile, the commercial real estate sector shows promising growth in the industrial front, where demand for warehouses has caused fluctuations in rates amid low supply.
In the office sector, the supply of competitively priced semi-fitted offices in Kuwait has been putting pressure on rents. Data from Sakan shows that semi-fitted offices averaged at KWD 11.3 per sqm per month in Sharq, KWD 10.1 in Qibla, and KWD 12.3 in Mirqab. In some cases, core & shell condition office spaces in younger buildings are more expensive than semi-fitted spaces.
Shops, on the other hand, commanded an average of KWD 23.6 per sqm per month in Sharq, KWD 23.9 in Qibla, KWD 23.5 in Mirqab, and KWD 25.3 in Hawalli. With retail sales forecasted to grow by 3.1% annually until 2028, the retail property sector is likely to see a positive performance in the coming years.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Alexandre de Betak and his wife are focusing on their most personal project yet.
Arisha Terraces is set to be handed over in 2027
2 min
QUBE Development, the renowned international real estate developer celebrated for their high-quality residential and commercial properties, and distinctive communities, announces the official groundbreaking of its visionary project, Arisha Terraces, in Dubai Studio City. With Phase 1 of the project already sold out, this ceremony marks a further significant milestone, as it celebrates the official commencement of construction, set to redefine community living in Dubai’s emerging investment hotspot.
Arisha Terraces, set for completion in 2027, will feature 414 residential units across four low-rise buildings. With starting prices at AED 698,000, the project offers a range of studio, one-bedroom, and two-bedroom apartments, catering to diverse needs, from young professionals to growing families. All apartments are fitted with Bosch appliances, integrated smart home systems featuring environmental sensors to promote energy efficiency, and also spacious balconies or terraces, with select apartments including pergolas for enhanced privacy and outdoor enjoyment.
The project reflects Dubai Studio City’s growing momentum as a sought-after residential and commercial hub, attracting professionals and families seeking high-quality living environments with easy access to key business districts. According to primary research conducted by QUBE Development, the area has seen a 31% increase in sales transactions over the past year, along with an average rental yield that rose from 7% in 2023 to 9% in nine months in 2024. With its strategic location and growing demand for well-designed properties, Arisha Terraces is positioned to be a significant contributor to the area’s continued growth.
Elio Badr, Sales Director at QUBE Development, commented “Breaking ground on Arisha Terraces is a proud moment for QUBE Development. It combines thoughtful design, modern amenities, and vibrant community spaces in the heart of Dubai Studio City. This unique offering helped make the selling out of Phase 1 of the development a reality. With high rental yields, increasing demand for affordable housing, and ongoing infrastructure improvements, the area presents strong potential for both short-term rental income and long-term capital appreciation.”
The project’s design is anchored around a central courtyard, offering spaces for social interaction and recreation. Additionally, the two-level community center will feature a cinema, co-working spaces, a library and a shared kitchen. Arisha Terraces exemplifies the balance between high-quality craftsmanship and a strong sense of community.
Dubai Studio City’s strategic location, and growing reputation as a vibrant creative hub, position Arisha Terraces as a cornerstone of this dynamic neighborhood. This announcement marks the start of a transformative journey for both QUBE Development and Arisha Terraces.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
The developer has recorded the sale of 10,229 units, representing a 15.8% increase compared to 2023, with a total sales value exceeding AED10 billion ($2.72 billion).
2 min
Azizi Developments, the UAE-based real estate giant, has wrapped up 2024 with impressive achievements, marking a remarkable year for the company in terms of project deliveries and sales performance.
The developer successfully completed thousands of units across 19 projects, staying true to the plans outlined in 2023. A total of 6,979 units were finalized across 25 projects this year, demonstrating the company’s commitment to meeting the growing demand for high-quality homes in Dubai.
Sales were equally remarkable, with Azizi recording the sale of 10,229 units, a 15.8% increase over 2023 figures. The sales volume exceeded AED 10 billion ($2.72 billion), underscoring Azizi’s ability to meet market demand and provide investors with exceptional returns.
Over the past 12 months, Azizi’s construction efforts have been equally remarkable, with over 8.4 million square feet of built-up area across more than 316 floors. This included pouring more than 387,329 cubic meters of concrete and contributing over 43.6 million man-hours to the company’s expansive projects in Dubai.
Notable achievements in 2024 included the launch and groundbreaking of the Burj Azizi, a new iconic development set to become the world’s second-tallest tower. In addition, the developer made significant progress on the Azizi Venice project, a Venetian-inspired waterfront community in Dubai South, as well as other key developments like Riviera in MBR City and Vista in Dubai Studio City.
Farhad Azizi, Group CEO of Azizi Developments, expressed pride in the company’s outstanding performance this year, saying, “2024 has been an extraordinary year for Azizi Developments. Surpassing 10,000 units in sales and achieving 19 project completions is a testament to our relentless pursuit of excellence and the trust our investors and end-users continue to place in us.”
Looking forward, Azizi emphasized the company’s continued dedication to contributing to the development of Dubai’s skyline and creating elevated living experiences for residents and investors alike.
With this strong momentum heading into 2025, Azizi is set to remain a key player in Dubai’s dynamic real estate market, shaping the city’s future with its world-class developments.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The findings reveal a sustained rise in property prices across popular neighbourhoods, driven by robust demand, a steady supply of new inventory and Dubai’s growing allure for high-net-worth individuals
4 min
Bayut, the UAE’s leading property portal, has unveiled its comprehensive report on Dubai’s most-searched real estate areas for 2024. The findings reveal a sustained rise in property prices across popular neighborhoods, driven by robust demand, a steady supply of new inventory and Dubai’s growing allure for high-net-worth individuals attracted by its economic prospects and favorable tax policies.
Trends in Property Buying in Dubai
- Bayut’s data has revealed significant price increases for both apartments and villas in popular Dubai neighborhoods, particularly for villas in Arabian Ranches, which saw rises of up to 56%.
- Buyers and investors interested in affordable property options have shown greater inclination towards areas such as Dubai Silicon Oasis, Dubai Sports City, DAMAC Hills 2 and Dubailand. For mid-range property, buyers have focused on neighborhoods such as Jumeirah Village Circle, Business Bay, Al Furjan and The Springs. Luxury investors have shown preference for Dubai Marina, Downtown Dubai, Dubai Hills Estate and DAMAC Hills.
- Transactional prices for affordable apartments in the most-searched-for areas have increased up to 26%, while villa prices showed upticks of over 100% with Dubailand recording the most significant spike due to an increased demand for budget-friendly homes and residential plots.
- In the mid-tier segment, transactional prices for both apartments and villas have risen by between 7% and 40%. The highest price movements were recorded in Jumeirah Lake Towers, where inventory is being priced at a premium to tackle the increased demand for centrally-located apartments.
- The luxury property market has seen consistent increases, with prices climbing by 7% to 31%, with the steepest hikes recorded in Dubai Hills Estate. Transactional prices for apartments in Palm Jumeirah have recorded an 8.4% decrease as per the DLD.
- As per Bayut’s Dubai Transactions data, derived from carefully analyzed information provided by the Dubai Land Department (DLD), there were over 169,000 property sale transactions recorded in 2024, valued at AED 488 billion until 10th December 2024. The ready segment accounted for over 67,000 transactions exceeding AED 274 billion, while the off-plan segment achieved over 102,000 transactions worth AED 213 billion.
Return on Investment (ROI) Trends for Dubai Properties
- Affordable apartments in areas such as Dubai Investments Park (DIP), Discovery Gardens and Liwan have offered the highest yields of 9% to 11%. Mid-tier communities such as Living Legends, Motor City and Al Furjan have recorded ROI percentages above 8.7%. Luxury apartments in Al Sufouh, Green Community and Al Barari have reported rental yields between 7% and 9%.
- For villas, Dubai Industrial City, International City and DAMAC Hills 2 have led the affordable segment with ROIs above 6%. Mid-tier villa communities, including Jumeirah Village Circle, Al Furjan and Jumeirah Village Triangle, offered returns of between 6% and 8%. Luxury villa communities including The Sustainable City, Al Barari and Tilal Al Ghaf recorded ROIs exceeding 6%.
Trends for Renting Properties in Dubai
- Bayut’s data has also indicated significant rental price hikes across all segments. Subsequent to increased demand, the rents for affordable apartments have risen by up to 48%, with the largest increase reported for 2-bedroom flats in Deira. Mid-tier apartment rentals have increased by up to 41%, highlighting the increasing demand for centrally-located properties, particularly in JLT. Luxury apartment rents have seen growth of between 5% and 25%.
- Villa rental prices have also experienced growth, with affordable villa rentals increasing by up to 44%. The mid-tier villa rental market has also recorded upticks of up to 45%, particularly for 4-bedroom units in Town Square, with more people desiring suburban properties in self-sustaining communities. With the demand for luxury properties at an all-time high, upscale villa rental have surged by up to 60%, with Jumeirah registering the highest increase for its larger 6-bedroom units.
- Popular areas for affordable rentals included Deira and Bur Dubai for apartments and DAMAC Hills 2 and Mirdif for villas. In the mid-tier market, Jumeirah Village Circle (JVC) and Business Bay have dominated apartment rentals, while JVC and Town Square were preferred for villas. Dubai Marina and Downtown Dubai have continued to be sought-after for luxury apartments, while Dubai Hills Estate and Al Barsha have topped the villa rental market.
- Transactional rental prices in affordable areas rose by between 5% and 19%, while mid-tier and luxury segments have recorded upticks of up to 16%.
Dubai’s real estate growth is driven by a combination of favorable government policies, a thriving economy and increasing global interest from high-net-worth individuals. Additionally, Dubai’s focus on sustainable and technologically advanced developments has further enhanced its appeal. The luxury property segment, affordable housing and high-demand off-plan projects present lucrative investment opportunities, delivering robust rental yields and significant potential for long-term capital appreciation. This dynamic environment positions Dubai as a prime destination for diversified real estate investments.
Commenting on the findings, Haider Ali Khan, CEO of Bayut and Head of Dubizzle Group MENA, said: “Dubai’s real estate market is buzzing right now and it’s easy to see why. Luxury properties in areas such as Palm Jumeirah and Dubai Hills Estate are breaking records, with buyers from Europe and Asia flocking to secure ultra-high-end homes. At the same time, we’re seeing tremendous interest in emerging areas such as Dubai South and Dubai Creek Harbour, driven by improved infrastructure and strategic locations.
With over 4 million expats expected to be residing in Dubai by 2025, the surging demand for housing is likely to continue apace. This presents exciting opportunities for everyone in the industry. Dubai is cementing its place as a global lifestyle and investment destination, and I feel the next few years are poised to redefine the market.
At Bayut, we’re leading this transformation with our innovative tools and features. TruBrokerTM connects buyers with trusted professionals, while Dubai Transactions provides transparency on market trends, and TruEstimateTM ensures accurate property valuations. These solutions are empowering buyers, sellers and agents to make informed decisions and to navigate Dubai’s evolving property landscape with increased confidence.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Self-tracking has moved beyond professional athletes and data geeks.
