It’s Christmas in July as auctions heat up around the capitals
Cashed up buyers will have more property options to choose from this weekend
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Winter is the new spring in Australian property circles, with scheduled auctions once again increasing this weekend, CoreLogic data shows.
Auctions across combined capital cities are up 16.7 percent week on week at a time of year when the market traditionally slows down.
Sydney leads the numbers race, with 736 properties to be put to market this weekend, representing an impressive 21.5 percent increase. The figures also represent a 9.2 percent increase on the number of homes sent to market this time last year.
Brisbane has contributed significantly to the winter listing trend, with 172 homes ready for market this weekend, a 67 percent increase on the previous week. CoreLogic data notes that this has been heavily influenced by 29 properties set to be auctioned at an in-room event on Saturday. Adelaide buyers will also have more to choose from, with 115 properties listed for this weekend, a 12.7 percent rise on the previous week’s numbers.
It’s a less dramatic upswing in Melbourne, with 689 properties set to be auctioned, up 6 percent from the previous week when 650 homes were listed. However, Melbourne recorded the highest clearance rate of all the capitals last weekend at 68.8 percent. Adelaide was not far behind at 68.6 percent, followed by Sydney on 67.5 percent. Perth had the lowest clearance rate at 40 percent.
The increasing number of properties entering the market come on the back of concerns about rising levels of mortgage stress among borrowers. However, data indicates that levels of mortgage arrears are still relatively low buoyed by historically high levels of employment.
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 project provides flexible payment options, including crowdfunding
2 min
Andalusia Group, a pioneering real estate developing company based in Dubai, announced the launch of Bottega Nove Premium Residences, an epitome of Italian- inspired luxury living in Dubai, against a cost of AED 210 million.
This architectural marvel spans nine stories, crafted entirely from exquisite Italian materials, reflecting the pinnacle of modern Italian design. Located in the vibrant & mixed-use area of Majan, in Dubailand, Bottega Nove promises residents a lifestyle of unparalleled opulence.
In a landmark partnership, Kandy Real Estate Brokers will serve as the exclusive brokers for Bottega Nove. Their expertise is entirely crucial in aligning the project with discerning buyers and investors who appreciate refined living spaces.
Saleh Tabakh, CEO of Andalusia Real Estate, commented on the launch of Bottega Nove, and said: “We are inconceivably glad for the launch of this project, which represents our steadfast dedication to establish a premium brand synonymous with sophisticated luxury living, as we are committed to deliver innovative concepts that will set a new benchmark in Dubai’s real estate market”.
“The project offers our clients exceptional investment opportunities, while provides flexible payment options, including crowdfunding, to involve a wider pool of investors who seek to be a part of this luxurious project”, Tabakh stated.
He underlined the fact that Dubai no longer competes in local & regional markets only, but in the global ones also. “After COVID-19, the type of investors witnessed significant changes, a matter which helped Dubai strengthen its attractiveness to UHNWIs”, he mentioned.
Tabakh noted that the attractiveness of Dubai is an essential factor in the success and growth of its real estate sector. “The economy of Dubai is robust and appeals to global investors, let alone its advanced infrastructure and high-end utilities. Consequently, all these boons make Dubai an ideal destination for living & business”, he underscored.
“Dubai’s cultural diversity & vibrant lifestyle are favorable to a huge international audience. In the meantime, we cannot overlook the role of supportive policies & legislations and the governmental interventions which facilitate the launch of new business in a manner which strengthens the status of Dubai as a global hub”, Tabakh told.
“The real estate sector also benefits from the sustainable tourism & and yearlong events that Dubai is famous for”, he added.
“Dubai boasts numberless advantages, including its dynamic economy & cultural richness, which support the growth of real estate developers. Andalusia Group leverages its investments in Dubai, thanks to the potential of the Emirate & constant pursuit to strengthen it international real estate status through luxuriousness & innovation “, Tabakh concluded.
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
Bayut, the leading property portal in the UAE, has released its Abu Dhabi Annual Property Market Reports for 2024.
5 min
Bayut, the leading property portal in the UAE, has released its Abu Dhabi Annual Property Market Reports for 2024. The reports reveal significant growth across both the affordable and luxury sectors.
Abu Dhabi Residential Property Sales Analysis
- Al Reem Island stood out as the premier choice among potential homebuyers looking for affordable yet upscale apartments in Abu Dhabi, with Al Reef and Al Ghadeer also emerging as popular options for buying affordable apartments in the capital city.
- Average price per square foot for properties for sale in the affordable apartment sector have generally trended upwards, with most areas recording increases between 2% and 20%. Al Ghadeer has shown the most significant price growth at 19.8%, suggesting rapid development and increasing popularity. Baniyas has been the only area with a price decline (-1.92%), which could potentially present favourable investment opportunities moving forward.
- Al Raha Beach has been the most searched location for buying luxury apartments. Other areas that have captured investor interest when it comes to upscale apartments include Yas Island and Saadiyat Island. Sales prices for luxury apartments in popular areas have recorded price increases of between 5% and 32%. The most prominent appreciations have been recorded in Saadiyat Island, where prices grew by 32.4%.
- Al Reef has emerged as the most popular community for buying affordable villas in Abu Dhabi. Other preferred areas include Khalifa City and Abu Dhabi Gate City. The average price-per-square-foot for affordable villas has increased by between 6% and 18%, with Al Ghadeer recording rises of 4% in property prices. However, Khalifa City and Abu Dhabi Gate City have witnessed marginal declines of under 2%.
- Yas Island has been the undisputed favourite for luxury villa purchases during 2024, with Al Raha Gardens and Saadiyat Island also making it to the list of popular areas. Prices for luxury villa sales have increased by between 2% and 23%, with Yas Island reporting the highest price surge at 1%.
Return on Investment (ROI) Trends for Properties for Sale in Abu Dhabi
- Al Reef has offered the highest average ROI of 64% for budget-friendly apartments in the UAE capital, making it an attractive option for investors. Al Ghadeer isn’t far behind, yielding 8.41% returns in the affordable apartment category.
- Those interested in luxury apartment purchases have been inclined towards Yas Island, which has an ROI of 07%. Al Raha Beach, with an ROI of 6.09%, has also presented a solid choice for buying high-end apartments.
- Hydra Village reported the highest ROI of 8.09% for budget-friendly villas. With 53%, Al Ghadeer has also offered handsome returns for investors in the affordable villa market.
- Investors and HNWIs looking for luxury villas have favoured properties in Yas Island, which recorded an ROI of 6.28%. Al Raha Gardens’ solid ROI of23% also represented a favorable investment option.
Abu Dhabi Sales Property Market Report 2024 – Popular Off-Plan Projects Making the Mark
Abu Dhabi’s off-plan property market has remained attractive, appealing to investors and homebuyers in the affordable and luxury segments.
The following off-plan projects have emerged as the most prominent developments in 2024:
Apartments
- Affordable Segment: City of Lights on Al Reem Island, Al Reeman 1 in Al Shamkha and the eco-friendly Royal Park in Masdar City have been the top picks for savvy investors in the affordable apartment category.
- Luxury Segment: Luxury apartment seekers have shown significant interest in Yas Bay on Yas Island, Saadiyat Island’s Cultural District, and the breathtaking Al Maryah Vista on Al Maryah Island.
Villas
- Affordable Segment: For budget-conscious buyers searching for villas, Reem Hills on Al Reem Island, Bloom Living in Zayed City and Al Reeman 2 in Al Shamkha all offer favourable opportunities to own desired real estate at competitive price points.
- Luxury Segment: For upscale off-plan villas, those looking for luxury have chosen the opulent Saadiyat Lagoons on Saadiyat Island and the magnificent Yas Acres on Yas Island.
Abu Dhabi Rental Property Market Trends 2024
- Bayut’s analysis of the Abu Dhabi rental market reveals that in 2024, Al Reem Island, Khalifa City, Al Khalidiyah, Al Muroor and Al Shamkha remained the top choices for renting affordable apartments.
- The Abu Dhabi rental market has shown strong growth, particularly in affordable areas for apartments, with most locations experiencing double-digit price increases between 10% and 20%. The highest value appreciations, all exceeding 18%, have been recorded for studio and 1-bedroom apartments in Al Reem Island, studio apartments in Al Muroor, and 1-bedroom flats in Al Khalidiyah.
- Al Raha Beach, Corniche Area, Saadiyat Island, Yas Island and Corniche Road have been the top choices for high-end apartment rentals, as revealed in Bayut’s 2024 Abu Dhabi Annual Property Rental Market Report. Luxury apartment rentals in Abu Dhabi have recorded upticks of between 8% and 26%. The most significant price increases, exceeding 25%, have been recorded for 1-bedroom units in Saadiyat Island and Yas Island, showcasing its growing appeal among luxury seekers.
- With strong growth indicators across all unit types, Khalifa City has been the most searched choice for those seeking affordable villas. Mohammed Bin Zayed City (MBZ City), Madinat Al Riyadh, Shakhbout City and Al Reef also attracted tenants looking for affordable houses in the capital city. Rental costs for affordable villas in popular areas of Abu Dhabi have witnessed surges of up to 14%, with the 3-bed villas in Khalifa City recording the highest appreciation at 13.5%.
- Yas Island has continued to captivate high-end renters on the luxury front. Al Bateen has also appealed to those seeking luxury villa rentals in Abu Dhabi. Prices for luxury villa rentals in Abu Dhabi have increased by between 1% and 20%. Overall, 6-bed luxury villas have seen the most significant appreciation, particularly in Al Bateen and Al Mushrif, where rental costs have grown by 19.9% and 10.7%, respectively.
Abu Dhabi’s real estate market is thriving, driven by transparency, innovation and strategic foreign investment. With its world-class attractions and family-friendly lifestyle, the emirate attracts both local and international buyers. The market also benefits from strong investor confidence, supported by government initiatives and ongoing developments.
Commenting on the findings, Haider Ali Khan, CEO of Bayut and Head of Dubizzle Group MENA, said: “2024 has been an incredible year for Abu Dhabi’s real estate market. At Bayut, we’ve witnessed over 15.2 million visits to Abu Dhabi property listings, showing the robust demand the capital has experienced throughout the year. The growing interest in high-end properties also reflects Abu Dhabi’s evolution into a global city that offers an unparalleled quality of life, while the increasing availability of affordable options ensures the city remains inclusive and accessible.
As we look ahead to 2025, both the off-plan and ready markets appear set for an exciting year. With many new projects in the pipeline in the island communities and a significant number of handovers from late 2024 carrying into the new year, Abu Dhabi is well-positioned to further solidify its reputation as a premier destination for investors and residents alike.”
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 collaboration heralds a new era of luxury living, seamlessly integrating high-fashion aesthetics with unparalleled lifestyle experiences
2 min
In an exciting new chapter, UAE-based Mira Developments and the ARAV Group, the driving force behind the high-fashion brand John Richmond, are thrilled to announce an exclusive global partnership.
This collaboration heralds a new era of luxury living, seamlessly integrating high-fashion aesthetics with unparalleled lifestyle experiences. The partnership will bring John Richmond’s bold and edgy ethos to life through fully furnished residences, five-star hotels, and elegant cafes.
The first projects will grace prime destinations across the UAE, such as Dubai, Abu Dhabi, and Ras Al Khaimah.
THREE CITIES – ONE VISION OF STYLE AND SOPHISTICATION
Each development will combine John Richmond’s distinctive design philosophy with Mira Developments’ expertise in delivering fully furnished luxury homes, exceptional hotel-style services, and thoughtfully designed community spaces.
Every John Richmond-branded property will embody the brand’s globally celebrated aesthetic, inspired by the rebellious energy of rock ‘n’ roll and a profound exploration of street culture. These residences will showcase bold designs, premium materials, and innovative details that define the brand’s signature style.
Art installations and upscale furnishings, developed in collaboration with FormItalia Luxury Group, will further enhance the environment, seamlessly blending fashion and interior design.
John Richmond commented: “When I was sixteen, I was accepted at Manchester University to study architecture. At the last minute, I changed my mind and went to London to study fashion. I never lost my love of architecture, and to be involved in this venture is like all my dreams come true.”
“We are thrilled to bring John Richmond’s distinctive aesthetic to the world of luxury living,” said Mena Marano, CEO of ARAV Group and proprietor of the brand. “This partnership marks an exciting milestone, showcasing how fashion and lifestyle can converge to redefine sophistication.”
Tamara Getigezheva, Co-founder of Mira Group, stated: “Mira Developments is delighted to partner with John Richmond and the ARAV Group, bringing the brand’s distinctive fashion-forward vision to our luxury properties. Together, we will create spaces that seamlessly blend rebellious energy with refined elegance and exceptional craftsmanship.”
PROPERTIES SET TO STUN
With new properties in Dubai, Abu Dhabi and Ras Al Khaimah, Mira Developments continues to redefine luxury living with its unique approach to fully furnished branded properties and premium services like complimentary valet parking and free housekeeping.
Stay tuned for the unveiling of these prestigious developments, which will set a new standard for branded lifestyle offerings in the region.
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.
Naya at District One prioritizes the well-being of residents with a wealth of amenities
2 min
Meydan, a member of Dubai Holding Real Estate, has awarded an AED 529 million contract to Bhatia General Contracting Co. (L.L.C) for the construction of Naya at District One. Nestled in the prestigious Mohammed Bin Rashid Al Maktoum City, this resort-inspired residential development combines tranquil lagoon-side living with sophisticated design and curated amenities.
Naya at District One comprises three green-roof residential towers featuring 456 spacious one-, two, three-, and four-bedroom apartments and lagoon villas. Bhatia General Contracting Co. (L.L.C), an award-winning independent contracting and construction company with over four decades of experience in the region, will undertake the construction of Tower 1 (G+20), Tower 2 (G+12), and Tower 3 (G+16), along with amenities. The project is scheduled to be completed by Q3 2027.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “With its sophisticated design and curated amenities, Naya at District One sets a new standard for master-planned residential developments in the UAE. Here, residents can connect with nature, enjoy resort-style amenities and experience the very best of upscale living. We are pleased to partner with an experienced company like Bhatia General Contracting Co. on this project to turn our vision for Naya into reality and further enrich Dubai’s vibrant real estate landscape.”
Ajay Bhatia, Chairman, Bhatia General Contracting Co. (L.L.C), said: “We are honored to work with Dubai Holding Real Estate for the construction of Naya at District One and bring our expertise and innovation to a project that epitomizes luxury and precision. Our decades of experience and unwavering commitment to quality will ensure timely delivery of this exceptional development, reflecting our shared vision for excellence.”
Naya at District One prioritizes the well-being of residents with a wealth of amenities, including a state-of-the-art gym, sports courts, sprawling green spaces and a rooftop lounge. Families can enjoy dedicated children’s play areas and pools. Direct access to the 35-hectare Crystal Lagoon and its beaches offers endless opportunities for kayaking, paddle boarding and other water sports. Located in District One, Naya is just 4 kilometers from the heart of Downtown Dubai, 10 minutes from Meydan Racecourse, and 20 minutes from Dubai International Airport.
Located in one of Dubai’s most prestigious areas, District One is a master-planned community that seamlessly blends luxury and nature. District One is designed for indoor-outdoor living, with 60% of the area dedicated to open green spaces, it offers over 8 kilometers of cycling and running tracks as well as 14 kilometers of pristine shoreline living, redefining modern indoor-outdoor lifestyles.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The company aims to design spaces for a community of creatives and ambitious individuals
2 min
Kleek Developments launched its operations in Egypt’s real estate market, leveraging over 20 years of accumulated experience and ambitious investment plans. The company is set to unveil its first real estate project soon, which promises to be exceptional and distinguished in east Cairo.
Walid Soliman, Chief Commercial Officer of Kleek Developments, stated that the company is built on solid expertise stemming from a partnership between Emaar El Delta for Real Estate Investment and Style Home Development. Both companies are shareholders in Kleek Developments and bring decades of experience in construction and real estate development in the Egyptian market.
Soliman said that Kleek Developments is launching with a robust and ambitious action plan aimed at leveraging its accumulated expertise and leaving a distinctive real estate mark in the Egyptian market.
He disclosed that the company will soon announce its first project, which will be located in a prime area and feature innovative investment activities that align with the needs of target customers. It will reflect the creativity, innovation, and quality that Kleek Developments is known for.
He added, “Experience is the driving force behind Kleek Developments. Our extensive experience allows us to truly understand the needs of our customers and transform them into sustainable projects. We specialize in maximizing space to create natural environments that embody the essence of our communities. Our aim is not merely to construct conventional properties, but to craft distinctive communities that blend innovation with environmental harmony, providing inspiring living spaces that nurture creativity, ambition, and connection. These spaces will enable individuals, families, and businesses to thrive together.”
He pointed out that the company aims to design spaces for a community of creatives and ambitious individuals, making choosing Kleek Developments not just about selecting a home or workplace, but a step closer to living in communities that inspire life. The company’s goal is not only to build structures but to create a lifestyle within them.
He concluded that the company has a strong expansion plan aimed at achieving significant diversity in its investment portfolio, meeting the expectations of clients seeking excellence in various new areas and cities. These clients are looking for projects that combine luxury and practicality, providing promising investment opportunities and a range of options that cater to different customer needs.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The strategic collaboration will offer financial engineering solutions to the Real Estate sector and introduce advanced tokenization solutions
2 min
Scintilla, a leading institutional-grade tokenization platform, and Verseprop, a digital platform specializing in tokenized real estate equity and debt, are reshaping the real estate investment landscape. The strategic collaboration will offer financial engineering solutions to the Real Estate sector and introduce advanced tokenization solutions that bring greater efficiency, transparency, and inclusivity to the market, alongside cost savings and distribution.
Verseprop, founded in 2021 by a former senior executive from CBRE and Savills, is a Financial Conduct Authority (FCA) Appointed Representative, headquartered in London, specializing in real estate debt and equity. Its current focus is short-duration, first and second-charge UK real estate debt, which grants strong investor protections at viable yields and is asset backed. Scintilla, licensed by Dubai’s Virtual Asset Regulatory Authority (VARA), brings a powerful tokenization engine and its broker/dealer license and services to the table, solidifying its reputation as a leader in digital asset innovation.
Verseprop, backed by some of the UK’s most influential real estate investors, provides access to opportunities across real estate debt and equity, utilizing its platform to list tokenized assets which digitizes the entire transaction process. It provides real estate owners access to state-of-the-art financial and tokenization services that also streamline the process for raising capital for equity, debt or a hybrid mix. Scintilla will deliver the core tokenization technology and broker/dealer services necessary to facilitate the distribution of these digital tokens in the UAE. For investors, this collaboration unlocks access to diversified real estate opportunities while enjoying the efficiency and lower costs provided by blockchain technology.
The strategic collaboration will look to redefine real estate financing and distribution models with a compliance-first approach aligned to global regulatory standards. The collaboration aims to deliver value for both asset owners and investors. In a recent transaction in London, Verseprop was able to demonstrate a 50% cost saving vs traditional businesses.
The UK and UAE Bridge
The collaboration between Scintilla and Verseprop bridges two dynamic markets: the United Kingdom and the United Arab Emirates. Leveraging the UK’s established, and highly sought after, trillion-dollar commercial real estate sector alongside Dubai’s pioneering approach to blockchain and digital assets, the partnership offers a unique synergy.
“Scintilla is delighted to join forces with Verseprop to redefine how real estate assets are tokenized and traded,” said Tim Popplewell, founder and CEO of Scintilla. “This collaboration marks a significant step in our journey to bring institutional-grade solutions to the digital asset space, opening up new avenues for investors and developers alike.”
“Verseprop is not just tokenizing real estate equity and debt; we are fundamentally reshaping how people access real estate and how asset owners think about distribution,” said Joel Coren, CEO of Verseprop. “Our platform offers a seamless, transparent, and digital way for investors to access high-quality real estate opportunities that were previously out of reach, and asset owners to reach them.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The emphasis is on creating spaces that embrace natural light and take advantage of the scenic vistas to offer residents a sanctuary of tranquility and exclusivity
4 min
Nakheel, a member of Dubai Holding Real Estate, has announced its collaboration with six locally and globally acclaimed architecture firms – WATG, SAOTA, Whitespace Architects, NAGA Architects, LOCI, and LW Design Group – to deliver a stunning 10 distinct architectural styles for the bespoke villas planned for the Beach Collection at Palm Jebel Ali.
Inspired by the island’s unique blend of oceanfront serenity, vibrant cityscape, and the colors and forms defining its landscape, the architects have crafted an exclusive collection of 10 homes that celebrates the iconic destination’s natural beauty and urban dynamism, delivering a collection of residences that seamlessly integrate indoor-outdoor living and infuse luxury into everyday living. From minimalist elegance to bold contemporary statements, the emphasis is on creating spaces that embrace natural light and take advantage of the scenic vistas to offer residents a sanctuary of tranquility and exclusivity, aligned with Nakheel’s vision for Palm Jebel Ali.
Situated on prime beachfront locations, the five- and six-bedroom villas from the Beach Collection range from 7,300 sq ft to 8,500 sq ft, offering unparalleled privacy and exclusivity. Each villa boasts a unique and contemporary façade, meticulously designed to complement the coastal setting. Grand entryways with double-height volumes lead to expansive living spaces, where floor-to-ceiling windows showcase captivating views of the Arabian Gulf.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “With its breathtaking oceanfront views and ambitious vision, Palm Jebel Ali has inspired some of the world’s leading architectural minds to design bespoke masterpieces for The Beach Collection. These unique villas embody luxury, sophisticated design and a seamless connection with nature, a testament to the success of our collaboration, showcasing the individual brilliance of each architect while capturing the essence of this extraordinary destination. This collaboration brings to life our vision for exceptional homes that cater to inspired tastes and lifestyles.”
The inspiration behind The Beach Collection
US-based global design firm WATG’s Baia Luna and Crystal Springs villas in Palm Jebel Ali embody three distinct philosophies – ‘Minimal’, defined by purity of form and simplicity with clean lines and open spaces; ‘Elegant’, balancing classic beauty and modernity; and ‘Dynamic’, with fluid architectural lines and daring structural expressions. Set on the family-friendly fronds, these five- bedroom residences effortlessly reimagine a luxury lifestyle for its discerning occupants.
The design inspiration for South Africa’s SAOTA and their Ocean Whisper and Bluejay villas respond to Palm Jebel Ali’s unique location at the intersection of the ocean, the metropolis of Dubai, and the desert landscapes. This is reflected in the use of subtle curves mimicking the form of the waves; a material palette of light plasters, soothing beige tones, and warm metals; and a contemporary and modern design approach aligned with Dubai’s future.
With open spaces, sustainable materials, and energy-efficient elements, Indigo Ocean residences reflect a seamless connection between architecture and nature. Designed by Whitespace Architects (WSA), an award-winning international, home-grown firm headquartered in Dubai, these villas embody a thoughtful balance of artistry and functionality. The design draws inspiration from Palm Jebel Ali’s unique landscape, harmonizing contemporary luxury with the surrounding environment.
Ranked in 2022 as one of the Top 10 Designers and Architects in the MENA region, NAGA Architects has designed Cyan Sky, Blue Horizon, and Pacific Breeze villas on Palm Jebel Ali. The homes embody the spirit of the sea and feature refined materials and finishes to enrich the island lifestyle. Envisioned as an oasis of calmness, the expansive family spaces in each villa invite light and flow while the open kitchens blend functionality with style.
Drawing inspiration from the local context, the Cobalt villas by Dubai-based LOCI are deeply informed by the region’s unique social, environmental, and material characteristics. Each design thoughtfully addresses these elements through a rhythmic composition and layering of spaces, creating a harmonious balance between openness and privacy, environmental protection, and shading, while maximizing breathtaking beach and sea views. The choice of materials reflects local characteristics, with an emphasis on both horizontal and vertical elements that enhance visual flow.
The design approach of LW Design for the Wave Crest villas focuses on sophisticated detailing and layering of the façades and follows three themes to harmonize the expansive views of the exterior with the exquisite interiors. ‘Nature’ villas have a minimal yet considered material palette with natural stone textures layered with warm timber tones; ‘Contemporary’ villas use refined materials and brass detailing for strong and bold contrasts; and the ‘White’ themed villas follow a neutral color palette with refined details, contrasting metals, and marble to enhance the perception of light.
Palm Jebel Ali’s seven islands span 13.4 kilometers, feature 16 fronds and over 90 kilometers of beachfront, and it marks the beginning of a new growth corridor in the Jebel Ali area, underlining the expansion of the emirate, in line with the Dubai 2040 Urban Master Plan and the Dubai Economic Agenda D33. The landmark development is designed with several mixed-use pedestrian-friendly neighborhoods offering panoramic views of the Arabian Gulf. Residents and visitors will enjoy an abundance of recreational spaces, catering to a diverse array of lifestyles and interests with a focus on smart city technologies and sustainable practices.
Nakheel’s projects form an iconic portfolio of master communities and residential developments that are pivotal to realizing Dubai’s vision.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
This landmark development embodies a new beginning in luxury living, rooted in sustainability and designed to foster community and connection.
3 min
Adanté Realty, the real estate arm of the Al Adrak Group, a leading conglomerate in Oman, announced the launch of its flagship project, Yenaier Residences, located at the heart of Sultan Haitham City, Oman’s first smart city.
The official launch of Yenaier Residences occurred on January 13, 2025, at the St. Regis Hotel, Muscat, attended by His Excellency Dr. Khalfan bin Said Al Shueili, Minister of Housing & Urban Planning and prominent guests from the government and private sector.
This landmark development embodies a new beginning in luxury living, rooted in sustainability and designed to foster community and connection. It is named in tribute to His Majesty Sultan Haitham bin Tarik, reflecting the significance of January, the month of his Accession. Yenaier aims to set new benchmarks in the Omani real estate sector as a Freehold project for all nationalities.
His Excellency Dr. Khalfan bin Said Al Shueili highlighted the project’s location within Sultan Haitham City and said: “Yenaier Residences, being located in the heart of Sultan Haitham City, is at the forefront of sustainable urban development, which aligns with the goals of Oman’s Vision 2040 and showcases the nation’s commitment to innovation.”
Yenaier Residences offers more than just an address; it’s a lifestyle destination for discerning homebuyers. Located within Sultan Haitham City in Al Seeb, Muscat, the project is part of a comprehensive transformation championed by the Ministry of Housing and Urban Planning (MoHUP). This eco-city spans 2.9 million square meters and integrates key features, including Green Spaces, Smart City Infrastructure, and Comprehensive Facilities: healthcare, schools, universities, mosques, commercial establishments, souqs, and cultural and daycare centers.
The Yenaier Residences feature six iconic towers interconnected by looping boulevards and greenspaces. The design philosophy is based on Contemporary Fluid Architecture, Eco-Friendly Principles, and Smart Living. The development includes a range of residences: loggia studios, loggia suites (1 BHK), sky residences (2 BHK), and sky villas (3 BHKs) and sky palaces (penthouses), with sizes ranging from 71 sqm to 462 sqm. Yenaier offers a range of amenities that promote an active and connected lifestyle, including Fitness and Wellness, Community and Social Hubs, Convenience, and Leisure.
Adanté Realty, as the development arm of the Al Adrak Group, brings 39 years of experience in the real estate sector in Oman and the UAE. This legacy ensures that Yenaier is built with a strong foundation and a commitment to high-quality materials and craftsmanship. Notably, Al Adrak Group’s expertise has been recognized by Ellington Properties in the UAE, where they are currently constructing two prestigious projects (EH3 and EH4), further solidifying their reputation for excellence. Adanté Realty’s vision is rooted in supporting Oman’s Vision 2040 and contributing to the nation’s infrastructure development.
Regarding Adanté’s entry into the premium real estate market in Oman, Dr. Thomas Alexander, the founder and the Chairman of Al Adrak Group, commented: “Adanté Realty is not just building properties; we are crafting legacies. Leveraging the Al Adrak Group’s 39 years of experience, we are setting new benchmarks for luxurious, sustainable living in Oman. Our commitment to quality and innovation is unwavering as we shape the future of urban spaces.”
Dr. Thomas Alexander added regarding the sustainable design and construction of Yenaier: “Yenaier Residences is a testament to our commitment to eco-conscious living. Through the use of sustainable building materials, innovative technologies, and green design, we are creating a development that is not only luxurious but also environmentally responsible.”
On the unique investment opportunity that Yenaier presents, Dr. Aadil Thomas Alexander, Executive Director of Al Adrak Group and the Chief Executive Officer of Adanté, said, “Investing in Yenaier Residences is not just about buying property; it’s about securing a prosperous future. Oman offers a stable and attractive investment environment, with freehold ownership, no taxes on personal income, property, or inheritance, and residency for investors and their families linked to the property ownership. We are proud to offer a prime opportunity for both local and international investors.”
Dr. Aadil further highlighted the focus on community and lifestyle: “At Yenaier, we are creating a place where people can connect, thrive, and create lasting memories. Our focus on sustainability, community spaces, and premium amenities reflects our commitment to enhancing the quality of life for our residents. The integrated community is a place designed for a ‘new generation’ while appealing to ‘more traditional lifestyles.”
Oman offers a stable and attractive environment for real estate investment, with zero taxes on personal income and 100% property ownership, promising a booming real estate market and supportive business laws. These benefits position Yenaier as a prime opportunity for both local and international investors.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
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’
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’
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’
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’
Alexandre de Betak and his wife are focusing on their most personal project yet.
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’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
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’
Self-tracking has moved beyond professional athletes and data geeks.
