With London luxury real-estate prices on the slide and a collapse in high-end deal volume, it has been a tough year for prime central London real estate. But the prime rental market is thriving. People in need of a London base are increasingly opting to take the flexible, minimal-commitment housing option rather than buying, and paying Britain’s high taxes, in a stalled market. As a result, prime rents are escalating. House price analyst LonRes found that average prime rents in London increased 3.5% between December 2022 and December 2023. Average prime rents are now 29% above pre pandemic levels notched during the period of 2017 to 2019.
Separate research from estate agent Beauchamp Estates found that 63 London homes were rented out for $6,370 or more per week—about $330,000 per year—between January and June 2023. Buying agent Liam Monaghan, managing director of London Central Portfolio, said many of his prime tenants live a global, itinerant lifestyle. They include soccer players, actors and film producers and tech entrepreneurs.
“They can obviously afford to buy these properties, but perhaps they are on a short-term contract or are growing a business and have got a lot of wealth quite quickly and are jumping between lots of different countries and are still working out where they want to live,” said Monaghan. Nina McDowall, head of lettings at estate agent Strutt & Parker’s office in Knightsbridge, one of London’s most expensive neighbourhoods, said many of her renters are considering buying a London property but only when they find the perfect home at a great price. “There are a lot of people who are weighing up their options,” she said. “They might also be sitting tight to see if prices slide further.”
Others, such as Antonio Volpin, simply don’t see London property as a great investment opportunity. Volpin, who is Italian, moved to London for work in 2011, initially living out of hotels. When his wife and two sons joined him in London in 2012, the family started renting.

“We mulled the idea of buying a property, because the market was very strong, but I thought it could not grow forever, and with my work I am not sure where I will be next year,” said Volpin, 61, a consultant for asset and fund management firms.
The family’s decision to continue renting proved prescient, because prime central London’s house prices have stagnated for almost a decade. According to LonRes, average sale prices in prime central London increased by just 2.3% between 2013 and 2023 (from $2,130 per square foot to $2,180 per square foot). In 2016, Volpin’s job took him to Singapore, and now he and his university professor wife are based in Rome. Their two sons, aged 26 and 22, opted to remain in London so their parents, who visit regularly, have continued to rent a three-bedroom, three-level, apartment in the affluent, historic neighbourhood of South Kensington, 2 miles west of the city centre.

Volpin has signed a nondisclosure agreement prohibiting him from revealing his monthly rental costs, but a spokeswoman for his estate agent, Winkworth, said that a similar property would cost up to $191,000 per year.
“Certainly with that money I could buy, but the point is that at the moment it is more of a kind of holiday home,” Volpin said. “When I come, I want to be close to downtown and to the friends I made while living in London.”
McDowell believes that the reason top-end rental prices have accelerated while home sale prices are falling is simple: Demand for these types of rentals is high and there is a serious undersupply of high-specification, turnkey properties.
“They are as rare as hen’s teeth,” she said. “Super-prime tenants will not sacrifice or compromise on many things. The condition and functionality of the property has to be slick and beautiful, and they will pay big prices, or pay one or two years in advance, to secure the right property.”
But while rents are rising, prime-central London landlords still have to work hard to attract high-paying tenants who expect five-star standards. “I have had people who want walls to be ripped out or massive extension work,” said Sinead Conlon, head of corporate and relocation services at John D Wood & Co. estate agents. “Some of them want interior-design furniture packages costing about $32,000 to $127,000 per month. They are all looking for an add-on.”
In one memorable case, Conlon was able to rent a substantial house in the north London suburb of Primrose Hill to a tenant who wanted the toilets in the bathrooms, 17 of them, to be replaced with Japanese models with built-in bidets. The tenant, who paid around $70,000 per month to rent the house for a year starting in 2021, eventually settled for just 10 new toilets to be fitted.
“But they are around £25,000 [$32,000] a pop, so it was not exactly cheap,” said Conlon.
Another problem facing landlords is dwindling profit margins. Interest rates have jumped and, since 2020, landlords cannot deduct mortgage interest from their tax bills, said Becky Fatemi, executive partner of Sotheby’s Realty UK. The administration of renting a property is also not cheap. Fatemi said landlords should expect to pay their estate agent between 8% and 15% of the annual rent to find and install a tenant. Management fees, if required, add another 5% to the cost.
Vickram Mirchandani currently owns and rents out two prime London properties. He is painfully aware how hard it is to turn a decent profit even in a hot rental market. Mirchandani, 46, who is British, bought a five-bedroom family home in the upscale neighbourhood of Belgravia, about 10 years ago. They lived in the home full time, but he and his wife became increasingly disillusioned with life in Britain and left London in October, then moved to Dubai with their young family in January—they have one child and are expecting a second.

CREDIT:Vickram Mirchandani
Mirchandani has decided against trying to sell the property until London’s property market has revived. In October 2023, tenants moved into the 4,200-square-foot townhouse, paying just under $8,900 per month in rent.
“It was gone within a week, on the second viewing, for the asking price,” said Mirchandani, a renewable-energy developer. “In hindsight, I could probably have got a little bit more.”
Mirchandani also owns a second property, a three-bedroom penthouse in Belgravia, which he had originally hoped to flip. “The plan was to purchase it, develop it, and sell it at a handsome margin,” he said. “But after Brexit that handsome margin never materialized.” The apartment is also rented out, fetching $11,500 per month. “I actually got over asking price for that one because the tenant has a dog and I said, ‘Fine, but that will be an extra 10%,’ ” said Mirchandani. “I am very happy with the prices achieved.”
He is less happy with the yields his capital is earning. He estimates that after costs, including income tax, he is earning around 1.5% to 2%. England’s major banks are currently offering interest rates of around 4% to 5%. Longer term, Mirchandani is still weighing his options. “I could keep them in the hope that someday some miracle will happen and they will go up, but if we like it in Dubai we will probably sell the properties,” he said.
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 agreement, under the patronage of the Egyptian Embassy in Saudi Arabia, aims to foster collaboration between Dubleuse and RIVA Development.
Dubleuse, the leading real estate company, has proudly signed of a joint venture agreement with RIVA Development, the major Saudi Arabian company. The agreement, under the patronage of the Egyptian Embassy in Saudi Arabia, aims to foster collaboration between the two companies to develop diverse real estate projects in the Kingdom, with investments totaling SAR 2.5 billion and it spans 10 years.
The agreement was signed by Eng. Moaaz Wessam Al-Din, the Chairman of Dubleuse, and Eng. Mugbel AL Thukair, the Chairman of RIVA Development. The signing ceremony was attended by Mr. Diaa Hamad, Deputy Egyptian Ambassador to Saudi Arabia, officials from both companies including Mr. Ibrahim Moaaz Wessam Al-Din, Managing Director of Dubleuse, Dr. Jalal Sheikh, Director of Business Development at Dubleuse, and several of well-known Saudi businessmen.
This partnership echoes the long-standing relations between Egypt and Saudi Arabia across various sectors (political, economic, commercial, and social). Both parties expressed their enthusiasm with the fruitful cooperation and their eagerness to strengthen Egyptian-Saudi relations at all levels. This agreement marks a new breakthrough for excellence in the region’s real estate development landscape.
His Excellency the Ambassador Plenipotentiary, Mr. Diaa Hamad, Deputy Egyptian Ambassador to the Saudi Arabia Kingdom, praised the deep Egyptian-Saudi relations at all levels, which enhance joint investment visions and promote investment exchange between the two countries. He assured the continuation of these strong relation, supported by the political leadership of both countries.
Eng. Moaaz Wessam, the Chairman of Dubleuse, stated that: “the company aims to leverage its experiences to develop worthy projects in Saudi Arabia with global specifications and standards, combining Egyptian and Saudi expertise to deliver a top-notch real estate product. This contributes to the Kingdom’s current development and growth plan. That’s why we collaborate with RIVA Development, the leading company in developing distinguished projects. Moaaz highlighted the importance of a strong strategic partner who enhances his company’s expertise, sharing the same investment strength, vision, and ambition to implement flagship projects that will leave a fingerprint on the Saudi market. All market studies have been completed to understand the target projects and the Saudi market, ensuring a suitable real estate product for the target client.
Eng. Moaaz added, “The Egyptian real estate sector is experiencing a period of prosperity and growth, serving as a powerful engine for the Egyptian economy in recent years, following the significant support provided by the Egyptian government to the real estate sector and its sustainable development plan and comprehensive urban renaissance through the development of several new and smart cities, most notably the New Administrative Capital (NAC) and the New Alamein City. This confirms the alignment of vision between Saudi Arabia and Egypt regarding the significant of real estate sector as one of the most important pillars of economic development.”
Eng. Mugbel AL Thukair, the Chairman of RIVA Development, emphasized the importance of the joint cooperation with Dubleuse, stating, “We are pleased with the agreement concluded with one of the distinguished real estate companies in the real estate development field. We strive to work together and exchange expertise to provide diverse real estate projects that reflect the extent of development in the Saudi real estate sector, in line with Vision 2030 to achieve integrated urban development and attract more real estate investments within the Kingdom across various sectors.”
Dr. Galal Sheikh, Director of Business Development at Dubleuse, stated, “The company has strong and ambitious plans to operate in the Saudi market, especially after the partnership agreement with RIVA Development, which has all the factors for success, starting with the development of a portfolio of distinguished projects with significant investments. The investment alliance between the two companies aims to develop many leading and innovative projects in the coming years, ranging from commercial, administrative, residential, and hotel projects. This type of project requires strong expertise, successful previous work portfolio, and financial solvency, which are achieved through strategic partnerships.” Dr. Sheikh pointed to the depth of Egyptian-Saudi relations, which serve as a strong motivator for all real estate companies wishing to enter the Saudi market.
The agreement is part of Dubleuse’s ambitious plan for the upcoming period for increasing its land portfolio to 30,000 sqm and expand its projects inside and outside Egypt, utilizing the company’s expertise gained over more than 12 years in the field of engineering consulting and contracting, and developing various projects that have affirmed its leadership and ability to strongly compete in the local and regional real estate market.
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 funding marks a significant milestone in the progress of the AIDA project, reinforcing its position as a landmark destination that will redefine luxury living in Oman.
Dar Global, the London-listed luxury real estate developer, has secured financing from the National Bank of Oman (NBO) to support the development of AIDA, one of the most ambitious and transformative real estate projects in the region. The funding marks a significant milestone in the progress of the AIDA project, reinforcing its position as a landmark destination that will redefine luxury living in Oman.
A joint venture with Omran Group, Oman’s leading entity for tourism development, AIDA seamlessly blends luxury golf, residential, and hospitality experiences. With its opulent mansions, limited-edition villas, and sophisticated apartments, the project will further elevate Oman’s global standing as a premier destination for tourism, living, and investment.
Ziad El Chaar, CEO of Dar Global, commented: “As a milestone project AIDA is not only slated to elevate the luxury real estate offering of Oman but also deliver tangible economic growth by attracting investment, creating jobs, strengthening the tourism and related sectors. Designed to blend seamlessly with Muscat’s natural beauty and cultural heritage, the project will further enhance the country’s position as a premium global destination. Securing financing from NBO pronounces strong endorsement of AIDA’s potential, marking a crucial step toward its successful realization.”
Ghadeer Iqbal Al Lawati, Assistant General Manager – Head of Project Finance & Syndication at NBO added: “At NBO, we are committed to supporting transformative projects that drive economic growth and strengthen Oman’s position as a premier destination. We are proud to support Dar Global in bringing the AIDA project to fruition. This development is positioned to become a landmark destination, attracting tourists and investors alike, and contributing significantly to Oman’s Vision 2040 objectives. AIDA reflects our confidence in its vast potential to elevate Oman’s global appeal and contribute to the nation’s long-term prosperity.”
Strategically perched atop cliffs overlooking the Gulf of Oman, AIDA spans 3.5 million square meters, offering a blend of premium residences, world-class hospitality, and exceptional leisure amenities. Among its signature attractions is the USD 500 million Trump International Oman, featuring a 140-key luxury resort and an 18-hole championship golf course designed to global standards. Additionally, the master-planned community includes the Marriott Residences, a USD 100 million development that embodies the hospitality giant’s renowned standards of sophisticated living.
The first phase of the project, set for completion by 2027, involves the design and construction of critical infrastructure, including roads, water and electricity networks, utility installations, drainage, and sewage systems, as well as the development of the surrounding road network within AIDA. The Trump International Oman is scheduled to open in December 2028.
This financing agreement with NBO underscores strong confidence in AIDA’s vision and Dar Global’s expertise in delivering world-class developments that merge innovation, sustainability, and luxury. As the project progresses, AIDA continues to receive an overwhelming response from high-net-worth investors and discerning buyers seeking an unparalleled lifestyle in one of the Middle East’s most breathtaking locations.
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.
The latest figures, released by the Department of Land and Real Estate Regulation in Ajman, highlight more than 20% increase in real estate activity.
Ajman’s real estate sector has begun the year on a strong note, recording 1,321 transactions in January with a total value of AED1.57 billion. The trading volume reached AED1.26 billion across 1,044 transactions, reflecting growing investor confidence in the emirate’s property market.
The latest figures, released by the Department of Land and Real Estate Regulation in Ajman, highlight more than 20% increase in real estate activity compared to the same period in 2024. This growth underscores the emirate’s appeal as an investment hub, driven by a range of opportunities across its diverse regions.
Among the standout sales, the highest transaction value was recorded in Al Zahia, reaching AED50 million. Meanwhile, mortgage activity remained robust, with 175 transactions totaling AED257.7 million. The highest mortgage value was AED23.8 million in the Ajman Industrial 1 area, indicating continued demand for financing solutions in the market.
In terms of trading hotspots, Al Helio 2 emerged as the most active neighborhood, followed by Al Yasmeen and Al Zahia. On the project level, Emirates City led the list of the most traded developments, ahead of Ajman One and City Towers.
Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, emphasized that these figures reaffirm the strength of Ajman’s real estate sector. He noted that the consistent market performance signals a promising outlook, with attractive investment opportunities across the emirate continuing to drive interest.
With this positive momentum, Ajman’s real estate market appears well-positioned for sustained growth in 2025, reinforcing its reputation as a thriving destination for investors and homebuyers alike.
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 core of the platform is cutting-edge AI technology, making it easy and quick for users to find their ideal property.
GetProp, an innovative real estate marketplace powered by advanced technology and in-depth market expertise, has officially arrived to the UAE’s property sector. Headquartered in the heart of Dubai, the company aims to revolutionize how properties are bought, sold, and rented across the country.
At the core of the platform is cutting-edge AI technology, making it easy and quick for users to find their ideal property. An interactive chat allows home seekers to enter any preference – such as location, price range, views, and number of bedrooms – to generate a tailored list of matching homes in seconds.
The brand is also committed to simplifying operations for real estate agencies through unlimited free standard listings. In a bustling sector where agents’ businesses depend on getting their properties noticed, GetProp offers a favorable outlet with no sign-up restrictions or hidden fees.
Other innovative features include a built-in social media style video showcase called PropTok and its own AI-enhanced home visualization tool, enabling users to take a virtual tour and engage with the listings on a deeper level.
With a projected database of over 5,000 properties by the end of the month, GetProp offers the highest standards of reliability with only verified, authentic listings being admitted into the platform.
“We are very excited to introduce GetProp and help users simplify their property journey,” said co-founder and CEO Zaid Sidat. “While similar solutions are also present in the UAE, we are confident that GetProp will become the number one choice for buyers, tenants, sellers, and real estate agents.”
Saad Sidat, co-founder and Chief Strategy Officer, added: “After extensive research and market studies, our team has combined convenience, forward-thinking technology, and AI-powered features to bring a unique, all-encompassing platform to the sector.”
With visionary expansion plans already lined up, GetProp is poised to be a property search powerhouse in the UAE.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The residential tower, designed by Milan-based architects Gandolfi e Mura and developed by Vantage Developments and Vittoria Group, reimagines luxury living through the lens of Venere Group’s hypercar design philosophy.
In a milestone partnership uniting the worlds of luxury automotive design and high-end real estate, Vantage Developments and Vittoria Group announced a strategic alliance with Venere Group, a globally renowned Italian manufacturer. In late April, a milestone event will see Venere Group unveil its prototype Italian supercar while Vantage Developments introduces a new residential tower in Jumeirah Village Circle (JVC), Dubai, featuring exclusive Italian design elements from Venere Group.
The residential tower, designed by Milan-based architects Gandolfi e Mura and developed by Vantage Developments and Vittoria Group, reimagines luxury living through the lens of Venere Group’s hypercar design philosophy. With a Gross Development Value (GDV) of AED 185,000,000, the 140-unit tower draws inspiration from both the Miami skyline and Venere Group’s signature automotive aesthetics, featuring fluid, aerodynamic lines and materials synonymous with high-performance supercars. Each residence—ranging from apartments to penthouses—is fully furnished with Venere Group’s Italian-made furniture, blending avant-garde design with European sophistication. Starting at AED 800,000, the units cater to discerning buyers seeking a turnkey lifestyle underscored by smart home technology, energy efficiency, and a Green Building certification.
Positioned as a first-of-its-kind offering in Dubai’s real estate market, the tower bridges the gap between high-quality design and mid-market accessibility. Its standout amenities include a jogging track, coworking spaces, a private cinema, spa, sauna, dog park, and app-controlled smart home systems. The project also introduces Vantage Developments’ signature 24/7 concierge service, tailored for both long-term residents and short-stay guests.
Attendees at the launch event will witness the global premiere of Venere Group’s prototype supercar—a strategic choice to debut in the UAE, reflecting Dubai’s growing influence as a luxury innovation hub. Simultaneously, the event will showcase the tower’s show apartments, where Venere Group’s furniture line and hypercar-inspired design elements will be displayed for the first time. The partnership also solidifies Vantage Developments as Venere’s exclusive real estate branding partner, with plans to integrate their design ethos across future developments.
Kabir Joshi, Founder & CEO of Vantage Developments, emphasized the collaboration’s visionary scope: “This partnership represents an entirely new frontier in real estate. By integrating Venere’s hypercar vision into our architectural blueprint, we’re creating a lifestyle that’s both high-performance and elegantly livable setting a bold new standard for Dubai’s mid-market luxury segment.”
Stefano Asuni, Managing Partner at Venere Group, added: “Dubai’s ambition aligns perfectly with our brand’s ethos. Launching our supercar here, alongside Vantage Developments’ architectural marvel, symbolizes a new chapter where engineering, art, and lifestyle converge. This is more than a project; it’s a legacy.”
Beyond its design credentials, the tower emphasizes sustainability with energy-efficient systems and eco-conscious construction practices. Coupled with its prime location and investor-focused amenities, the project is poised to attract a niche audience of design-savvy buyers, expatriates, and investors seeking a unique blend of productivity and relaxation.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Palace Group has established itself as a market leader in ultra-luxury residential developments, from bespoke waterfront mansions to high-rise landmarks.
Palace Group, one of the UAE’s leading luxury real estate developers, celebrates its 25th anniversary, revealing a AED 36 billion portfolio spanning over 200 super-prime projects across the country.
Founded in 1999 by Wissam Damaa, Palace Group has played a defining role in shaping the UAE’s luxury real estate sector, delivering some of the most exclusive properties across Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah. With AED 20 billion in completed projects and AED 16 billion currently under development, the company continues to raise the bar for ultra-luxury living.
A Legacy of Innovation and Excellence
Over the past 25 years, Palace Group has established itself as a market leader in ultra-luxury residential developments, from bespoke waterfront mansions to high-rise landmarks. Notable projects include:
- 15 iconic beachfront mansions in communities like La Mer and Jumeirah Bay Island, designed to offer unparalleled privacy and exclusivity
- Aya, a tranquil oasis featuring 70 luxury residences in Dubai Gardens
- The Cliffs, a wellness-focused development along the Dubai Canal with panoramic skyline views.
- A landmark multi-billion-dirham project launching in early 2025, set to redefine luxury living in Dubai
“Our 25th anniversary is more than a milestone it reflects our commitment to redefining luxury real estate,” said Wissam Damaa, Founder and CEO of Palace Group. “Our robust portfolio is a testament to our enduring achievements and ongoing commitment to elevating standards in luxury real estate. We take immense pride in the product quality, which is the cornerstone of our business.”
Since 2016, Palace Group has integrated renewable energy solutions, hydrogen technology, and water desalination into its developments, aligning with the UAE’s Vision 2031. With every project managed in-house from concept to completion, the company continues to push boundaries in sustainability and ultra-luxury craftsmanship.
As Palace Group embarks on its next phase, it remains committed to expanding its global footprint, delivering record-breaking developments, and redefining the future of high-end real estate in the UAE.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The Project aligns with Dubai 2040 Urban Master Plan for sustainable urban living and supports the growing demand for luxury yet affordable high-rise living.
Wasl, one of the largest real estate management and development companies in the UAE, is launching Avenue Park Towers – a highly-anticipated luxury residential project – within the Wasl 1 development, near Zabeel Park.
Offering a unique balance of city and park living, and a strategic mix of residential, retail, and commercial spaces, Avenue Park Towers will appeal to both investors and end-users. Its proximity to Zabeel Park, ensures access to green spaces within an urban setting. Homeowners and investors can enjoy an address in a prime location, with seamless connectivity to Sheikh Zayed Road, DIFC, Dubai Metro, and other key landmarks.
The 1–3-bedroom luxury apartments and duplexes, and 3–4-bedroom penthouse-level residences at Avenue Park Towers will all be integrated with high-end finishes and modern design.
Mohamed Al Bahar, Director of Business Development, Wasl, said: “With Avenue Park Towers, Wasl continues its commitment to delivering premium residences that combine luxury, convenience, and a connection to nature. This project is a unique opportunity for residents and investors looking for a vibrant yet tranquil living experience in the heart of Dubai”.
He added: “At Wasl, we are continuously looking for ways to address buyer demand, especially the growing interest in sustainable and green urban living, in line with Dubai’s 2040 Urban Master Plan. Dubai’s real estate market insights highlight the demand for luxury mixed-use developments at an affordable price point. Avenue Park Towers will address the gap, as well as support growing foreign investor demand for spaces that prioritize residents’ well-being and foster community engagement.
All units will come equipped with the latest technology, including district cooling systems for energy efficiency, advanced security and access control, EV charging stations and e-bike facilities. With access to premium retail, F&B, and wellness facilities, Avenue Park Towers is a promising investment opportunity with high ROI potential.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Expo City Dubai is the only urban center in the Middle East and North Africa (MENA) region to achieve this combination of pre-certifications and first in the region to achieve WELL Community pre-certification.
The Expo City Dubai master plan has attained two pre-certifications of globally recognized social and environmental sustainability systems, testament to its commitment to developing an innovation-driven, people-centric community, maximizing social, environmental and economic impact, and advancing international best practice in the region.
Expo City Dubai is now pre-certified Platinum – the highest possible rating – in LEED Cities and Communities standard, which focuses on inclusivity, economic development and environmental preservation. LEED is the most widely used ‘green’ rating system in the world for real estate and the urban environment. The city also achieved pre-certification for WELL Community – a standard that emphasizes health and wellbeing and the leading international standard for a healthy built environment – and is targeting WELL Gold for its anticipated certification.
Expo City Dubai is the only urban center in the Middle East and North Africa (MENA) region to achieve this combination of pre-certifications and first in the region to achieve WELL Community pre-certification. The achievements, announced at the Cities in Action Forum taking place from 6-7 February, exemplify the city’s commitment to creating a healthier, more sustainable and equitable community for tenants, visitors and future residents and enhance its appeal to investors and developers.
Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai, said: “Expo City’s master plan is rooted in the principles of sustainable development, and we are proud to have this commitment globally recognized as we push forward on the master plan’s delivery. Our pre-certification in LEED and WELL community standards shows we are on track to meet our ambitious targets and reinforces our city’s robust position as a new urban center at the heart of Dubai’s growth corridor.
“The unique offering of our city – a vibrant, nurturing community where people connect, thrive and live in harmony with nature – is reflected in the incredible demand for every Expo City Dubai real estate project launched, including commercial leasing, residential developments and plots for sale.”
The pre-certifications underscore the unparalleled opportunity offered by Expo City’s forward-thinking, people- and environment-focused master plan that takes advantage of its prime location and world-class connectivity. The lynchpin of Dubai’s growth located in the rapidly expanding Dubai South area, Expo City Dubai is close to Al Maktoum International Airport, Jebel Ali Port and Dubai Exhibition Centre.
The master plan features five districts designed as an efficient grid system to ensure navigation, circulation and accessibility, while a network of green and blue spaces – from parks and fields, to small sikkas and urban water features – will permeate throughout.
It contains specific targets across areas including protecting and increasing biodiversity; reducing energy consumption and increasing the use of clean energy; reducing water consumption and increasing the use of alternative water sources; increasing the use of sustainable, lower carbon public transport options and creating spaces that encourage walking, cycling and micromobility; and facilitating economic opportunity and creating a quality work environment.
LEED Cities and Communities, managed by the US Green Building Council, addresses various factors that contribute to quality of life, including natural systems, energy, water, waste and transportation, as well as optimizing the operational aspects of a city through its design. Pre-certification is granted based on Expo City’s master plan information and associated data. Expo City Dubai, including Dubai Exhibition Centre and Expo Village, is already home to 123 LEED-certified buildings, and the master plan further sets the target of LEED Gold as a minimum requirement for all buildings.
Meanwhile, the WELL Community standard, created by the International WELL Building Institute (IWBI) gives pre-certification to real estate projects that demonstrate a commitment to health and wellbeing across 10 areas: air, water, nourishment, light, movement, thermal comfort, sound, materials, mind and community.
Reaffirming its role as a focal point on the 2040 Urban Master Plan as it becomes a hub for key sectors driving the delivery of the Dubai Economic Agenda (D33), Expo City will cover a total of 3.5sqkm, embracing a gradual phased development that will adapt to evolving needs and eventually welcome around 35,000 residents and 40,000 professionals.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Savills latest research highlights key trends shaping the market, including record occupancy rates and a surge in international interest.
Riyadh’s office market continued its upward trajectory in 2024, supported by Saudi Arabia’s ongoing economic diversification and strong demand for space from multinational companies. Savills latest research highlights key trends shaping the market, including record occupancy rates and a surge in international interest.
Riyadh’s resilience is underpinned by Saudi Arabia’s non-oil sector expansion, which grew by 4.5% in 2024 and is projected to rise by 5.8% in 2025. Strategic initiatives under Vision 2030, regulatory enhancements, and competitive tax incentives have cemented Riyadh’s position as a business-friendly city. Foreign direct investment (FDI) inflows reached SAR 16 billion in Q3 2024, while the Purchasing Managers’ Index (PMI) in November recorded its 50th consecutive month of readings above 50 signaling expansion – it came in at 59, underpinned by robust domestic demand and favorable policies.
By mid-2024, the Saudi Ministry of Finance announced that 517 multinational companies had established regional headquarters in Riyadh, exceeding the Vision 2030 target six years ahead of schedule. New entrants in Q4 included PMG, Snowflake, and CRU, reinforcing Riyadh’s growing status as a global business hub.
Ramzi Darwish, Head of Savills Saudi Arabia, commented: “Riyadh has firmly established itself as a key destination for global businesses looking to expand in the region. The combination of a proactive government approach, strategic investments, and a strong non-oil economy has created a vibrant and dynamic office market. With rising demand for Grade A spaces and new developments on the horizon, Riyadh is well-positioned to continue its impressive growth trajectory.”
Savills reported a surge in inquiries during Q4, with nearly half originating from US and UK companies. Demand was focused on flexible office spaces under 1,000 sqm, reflecting an increasing preference for adaptable workplace solutions. The Technology, Media, and Telecommunications (TMT) sector dominated leasing activity in Q4, contributing 37.5% of completed transactions. Other active industries included Banking, Financial Services, and Insurance (BFSI), Consulting and Legal Services, and IT/ IT Enabled Services. Notably, 62.5% of transactions involved businesses entering the Riyadh market for the first time.
Grade A occupancy rates reached an impressive 98% in Q4 2024, driven by a shortage of prime office spaces and sustained business confidence. Rental rates continued to climb with year-on-year growth of 10%. Zones A, which contains developments such as Business Lane Project, Nawafeth, and Zone B, home to Riyadh Business Gate and Granada Business Park, saw even sharper increases of 21% and 14%, respectively.
Over 550,000 sqm of new Grade A office space is expected to be delivered by the end of 2025, with flagship developments such as Diriyah Gate and Prince Mohammed Bin Salman Nonprofit City set to broaden tenant options. While this increase in supply may moderate rental price growth, demand for high-quality, ESG-compliant spaces is expected to remain strong, reflecting the priorities of businesses seeking sustainable and premium workplaces.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The architecture of City Walk Crestlane emphasises human-centric design, integrating seamlessly with the existing City Walk streetscape, with a metropolitan touch.
Meraas, a member of Dubai Holding Real Estate, has launched City Walk Crestlane, a premium residential development with panoramic water views in the heart of Dubai’s urban landscape. The initial launch comprises two mid-rise towers: City Walk Crestlane 2 and 3, offering 394 modern residences, set against a backdrop of water features, pools and lagoons.
With exclusive terraces, premium apartments and duplexes featuring double height living spaces, City Walk Crestlane offers a diverse range of living options. Each unit is crafted with high-quality finishes, boasting elegant kitchens, spacious bedrooms and luxurious bathrooms, ensuring comfort and style across every detail. With breathtaking views of the Dubai skyline or the serene shores of Jumeirah Beach, City Walk Crestlane seamlessly integrates the energy of urban living with the aesthetics of its design-led water features.
Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, stated: “City Walk Crestlane marks a significant milestone in Dubai’s luxury real estate sector, introducing waterfront living at the heart of the city. This development represents a harmonious blend of modern design, connectivity and community, responding to the growing demand for premium urban residences while setting new standards in sustainable community design.”
The City Walk Crestlane masterplan entails a mix of mid-rise and high-rise plots, set amidst lush parks, cascading streams and a wide range of amenities. It is thoughtfully designed as a place to enjoy the community’s vibrant, dynamic outdoor environment. Residents can unwind in the yoga studio, take a leisurely dip in the pool, play padel or tennis and immerse themselves in the soothing ambience of its cascading water features. The new residential development will also feature a state-of-the-art fitness center and wellness center, multiple swimming pools, playgrounds and outdoor sports facilities, complemented by scenic jogging and cycling tracks, creating an atmosphere of movement and connection with nature.
The architecture of City Walk Crestlane by Meraas emphasizes human-centric design, integrating seamlessly with the existing City Walk streetscape, with a metropolitan touch. The development’s thoughtful layout ensures a perfect flow between indoor elegance and outdoor vitality, enhancing the overall community experience.
City Walk Crestlane is strategically located in close proximity to City Walk itself, Downtown Dubai, DIFC, Dubai Airport and Jumeirah Beach. Residents will enjoy effortless access to these destinations via major highways and road networks, including Al Safa, Al Wasl, Al Enjaz, and Al Multaqa streets.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Listed exclusively by Invest Dubai Real Estate, this once-in-a-lifetime opportunity represents the pinnacle of luxury living, boasting unmatched panoramic views, architectural grandeur, and an address that defines global prominence.
The world’s highest residence, an ultra-exclusive 21,000 sq. ft. duplex penthouse in the Burj Khalifa, is now on the market for $51 million. Listed exclusively by Invest Dubai Real Estate, this once-in-a-lifetime opportunity represents the pinnacle of luxury living, boasting unmatched panoramic views, architectural grandeur, and an address that defines global prominence.
Living at the top. The highest residence, in the tallest tower in the world. Over 1,300 feet above the city, this one-of-a-kind full-floor duplex in the Burj Khalifa offers unrivalled 360-degree views of Dubai, the Arabian Gulf, and the vast desert beyond. Spanning 14,000 square feet on the main level and 7,000 square feet on the upper level, it is the largest residence in Downtown Dubai, featuring floor-to-ceiling glass windows, a private swimming pool, and the only private lift in the tower.
It comes as a shell-and-core unit and provides a blank canvas for buyers to craft a bespoke masterpiece, with ample space for grand entertaining areas, ultra-luxurious bedrooms, and custom amenities tailored to their vision.
As the exclusive listing agent, Invest Dubai Real Estate specializes in off-market properties and serves an elite clientele of global investors, royalty, and high-net-worth individuals. The firm has built a reputation for securing the rarest and most coveted properties, making this penthouse a prime offering for discerning buyers seeking an unparalleled lifestyle in the heart of Dubai.
“This penthouse is a testament to exceptional luxury and architectural excellence, offering an extraordinary living experience in one of the world’s most iconic buildings,” said Asad Khan, Founder and CEO of Invest Dubai Real Estate. “To own a residence in the Burj Khalifa is not merely about having a home; it’s about becoming part of history itself.”
Dubai’s luxury real estate market continues to attract global investors, with demand for ultra-premium properties soaring due to wealth migration, tax advantages, and a booming high-net-worth population.
This penthouse is more than just a residence—it offers a blend of privacy, security, and world-class amenities, including access to an exclusive lounge, fitness center, Japanese gardens, spa, fine dining, and dedicated 24-hour concierge services, all within one of the most prestigious addresses in the world.
While record-breaking properties exist worldwide, the Burj Khalifa penthouse stands apart due to its unmatched height and iconic location—an architectural wonder and a globally recognized landmark.
All these factors combined make the Burj Khalifa penthouse a highly coveted property, and the $51 million price tag reflects the extraordinary combination of location, luxury, exclusivity, and investment potential.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Designed to cater to modern living needs, VOLNA harmoniously blends functionality with aesthetic excellence, offering a holistic residential experience.
KASCO Developments, the real estate arm of the KASCO Group, and Evolutions, a leading real estate intelligence hub, have officially launched VOLNA in Al Jaddaf Waterfront, its third residential project in Dubai. Following the success of ONDA and VAL, this new development further strengthens KASCO’s presence in the UAE property market since its debut in September 2024.
Strategically located along Al Jaddaf Waterfront, VOLNA is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft), and three-bedroom apartments (up to 3,407 sqft). Designed to cater to modern living needs, VOLNA harmoniously blends functionality with aesthetic excellence, offering a holistic residential experience.
The construction of VOLNA is already underway, with handover expected in Q2 2026.
Mustafa Al Kaissi, Chairman of KASCO Developments, said, “Today marks another significant milestone for KASCO Developments as we proudly unveil VOLNA, our third project in Dubai, located at the picturesque Al Jaddaf Waterfront. This achievement is a testament to our unwavering commitment to delivering exceptional living spaces that blend functionality with aesthetic excellence. Each residence at VOLNA has been meticulously designed to cater to the diverse needs and aspirations of modern residents, ensuring an unparalleled living experience.”
Inspired by the rhythmic movement of waves, VOLNA embodies adaptability in design. Its prime location and thoughtfully curated amenities provide a perfect balance of vibrancy and tranquility. VOLNA has the benefit of being in a residential district that’s conveniently close to key locations such as Downtown Dubai, Business Bay, Dubai Festival City, and Dubai International Airport. The location is also well-connected with all major roads and transportation. Additionally, each residence at VOLNA will have a breathtaking view of the canal and the Dubai Creek Harbor, bringing a sense of serenity and connection to nature in a resident’s life.
VOLNA offers an array of premium amenities tailored to enhance residents’ well-being and comfort. These include a fully equipped fitness center, a serene swimming pool, a Jacuzzi, sauna, coworking space, and a dedicated sunbathing lounge, all designed to complement a balanced and fulfilling lifestyle.
Issa Abdul Rahman, CEO of KASCO Developments, said, “At KASCO Developments, we aspire to shape vibrant communities that inspire and uplift lifestyles. VOLNA is a shining example of this commitment. By seamlessly integrating design, innovation, and uncompromising quality, we ensure that our residents enjoy a truly exceptional living experience.”
Adham Younis, CEO of Evolutions, said, “Our strong partnership with KASCO Developments continues to grow, and the launch of VOLNA, our second project together, reflects our shared commitment to delivering high-quality residences that enhance the living experience and create valuable opportunities for buyers. Following the remarkable success of VAL, which sold out by Evolutions sales team in just two weeks, VOLNA is set to build on that momentum. With its prime location and flexible 40/60 payment plan, VOLNA offers an exceptional investment for those seeking a home that seamlessly combines convenience, well-being, and long-term value.”
With a vision to develop and sell 1 million square feet of residential projects by the end of 2025, KASCO Developments plans to introduce forward-thinking real estate concepts, incorporating modern design trends and technology to set new industry benchmarks making their projects an attractive option for investors.
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.
Globally celebrated for its enduring sophistication, impeccable hospitality, and culturally immersive ethos, The Chedi now brings its iconic legacy to life in Dubai.
Al Seeb Real Estate Development, in partnership with Devmark, UAE’s leading real estate project sales and marketing consultancy, proudly unveils The Chedi Private Residences, an exceptional addition to Dubai’s luxury living landscape. Perfectly situated along Sheikh Zayed Road, this visionary development marks a historic milestone as the world’s first standalone private branded residences under The Chedi name. Globally celebrated for its enduring sophistication, impeccable hospitality, and culturally immersive ethos, The Chedi now brings its iconic legacy to life in Dubai, transforming contemporary urban living with a fresh perspective on luxury and exclusivity. As the exclusive master agent, Devmark is proud to bring this prestigious project to market, offering discerning buyers a unique opportunity to invest in one of Dubai’s most anticipated residential developments.
A Legacy Elevated
In collaboration with GHM, the revered custodians of The Chedi’s illustrious heritage, The Chedi Private Residences in Dubai represents a distinguished addition to an acclaimed portfolio of global landmarks. This includes the iconic The Chedi Muscat in Oman — recently celebrated as the Number One Hotel in the Middle East by Condé Nast Traveller Readers’ Choice Awards—alongside the prestigious The Chedi Andermatt in Switzerland, The Chedi Luštica Bay in Montenegro and The Chedi Katara in Qatar. This groundbreaking development reflects The Chedi’s timeless commitment to understated elegance, bespoke service, and the ultimate in privacy and exclusivity, offering residents an unparalleled lifestyle of refinement and serenity.
Architectural Elegance and Masterful Design
Designed by the acclaimed Studio Bruno Guélaff, renowned for their expertise in blending bold modernity with timeless elegance, the 238.6-metre tower, distinguished by its sleek glass façade features a limited collection of residences, including expansive two to five-bedroom apartments, duplexes, and one triplex penthouse crowing the building. These homes feature villa-sized layouts, including 3.2-metre-high ceilings, discreet private entrances, and expansive terraces offering uninterrupted panoramic views of the Dubai skyline and Arabian Gulf. Every residence has been meticulously designed with interiors featuring premium finishes, ensuring a balance of functionality and modern elegance. Bathrooms are designed as spa-like retreats, boasting smart shower systems and high-end fixtures. Duplexes and penthouses elevate villa-style living to the sky, offering vast social terraces, private plunge pools, and serene retreats across multiple levels. The development also incorporates additional smart living features, including biometric access, energy monitoring systems, and automated lighting and acoustic settings.
Unparalleled Amenities
The Chedi Private Residences serves as a sanctuary, offering a comprehensive suite of world-class amenities that elevate daily living. Upon arrival, residents are welcomed into a luxurious lobby lounge opening onto landscaped gardens and a signature restaurant. At the heart of the development is a stunning 60-metre lagoon-style pool surrounded by lush greenery, sunbeds, and private cabanas, ensuring leisure moments for all ages. The rooftop infinity pool presents a mesmerizing vantage point for residents to enjoy Dubai’s iconic skyline.
For wellness and relaxation, the state-of-the-art fitness center is equipped with state-of-the-art equipment, spa treatment rooms and saunas to rejuvenate the body and mind. A private cinema and a multi-purpose event studio create opportunities for entertainment and socializing, while the vibrant young residents club inspires creativity in a safe and engaging environment. Dining options include an exclusive Omakase rooftop restaurant and gourmet in-residence services, complemented by an elegant bar with a walk-in humidor. Additional features include private padel courts, a 250-metre running track, a family activity, and a games deck, fostering a sense of connection and community among residents. Every detail of these amenities reflects the ethos of The Chedi brand—combining elegance, comfort, and functionality to create a sanctuary beyond traditional luxury living.
World-Class Services for Effortless Living
The Chedi Private Residences offers extensive personalized services, from 24-hour concierge support and butler assistance to tailored ‘away-from-home’ packages, ensuring every detail is attended to. Upon returning home, residents are greeted with stocked fridges, pristine housekeeping, and event planning services. Owners enjoy exclusive benefits such as a bespoke welcome pack featuring a luxury tea set, privileged access to global Chedi properties, and curated shopping experiences with celebrity designers.
The resident-exclusive app enhances daily convenience, providing solutions from bookings to concierge services. Additional offerings include valet services, limousine transportation, and comprehensive wellness programs with trusted well-being partners.
Mahesh Kalwani, Vice Chair of Al Seeb Real Estate Development, said: “We are thrilled to launch The Chedi Private Residences, a remarkable brand with an established rich heritage. We understand the growing appetite for branded residences and are fully committed to delivering a product that surpasses expectations in terms of luxury, design, and service.” He continued, “Collaborating with Devmark has been integral to this journey. Their unmatched expertise in successfully launching branded residences to the market, backed by an impressive track record, makes them the perfect partner for bringing this iconic project to life.”
Richard Aybar, Managing Director of Devmark, stated: “We are excited to partner with Al Seeb to introduce The Chedi Private Residences, a truly exceptional branded residential development. This project stands apart in the market, offering residents and buyers unparalleled amenities and bespoke services that redefine luxury living. The demand for hospitality-led branded residences is at an all-time high, and we are confident in leveraging our extensive knowledge, research and expertise in this sector to ensure the project’s successful sales and market positioning. With its extraordinary features and prime location, The Chedi Private Residences also represents an outstanding investment opportunity for discerning buyers.”
Aditya Jain, Vice President of Development, GHM, said: “We are thrilled to launch our first-ever standalone Chedi Private Residences, a landmark project that blends timeless elegance with modern luxury. This collaboration with Al Seeb has brought to life a residential experience that redefines exclusivity and sophistication, marking a defining milestone for both groups.”
Scheduled for completion in 2029, The Chedi Private Residences provides connectivity to Dubai’s most iconic landmarks, including The Palm Jumeirah, Downtown Dubai and premier cultural, retail, and entertainment destinations. Devmark is now showcasing the project at the Mondoir Art Gallery in Downtown Dubai from 6th February, where visitors can explore detailed renders, the project model, brand films, floor plans, and animations.
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.
A market update issued by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024.
Dubai’s real estate market has made a strong start to 2025, with property sales in January totaling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024.
Land sales for January showed the biggest increase, with 811 plots – a 151.9% month-on-month leap in volume – selling for AED8.6 billion.
Villa sales totaling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2 billion were up 7.1% in volume to 9,945.
A total of 363 commercial property transactions amounting to AED1.2 billion represented a 17.9% increase in volume over January 2024. While the average price per sq. ft was down slightly by 4% to AED 1,550, it still represents an 81.2% increase over the last five years, from AED855 in January 2020.
“The figures once more emphasize the strength of Dubai’s real estate market and the consistent growth seen in recent years,” said Firas Al Msaddi, CEO of fäm Properties.

“This underlines Dubai’s status as a secure destination for real estate investment which continues to build investor confidence and draw interest from the local, regional and international markets.”
Dubai property sales for the month of January have now risen by 822% in value over the last five years – from AED4.8 billion (2,700 transactions) in 2020, AED6.6 billion (3,300) in 2021, AED16.3 billion (5,700) in 2022, AED27.8 billion (9,700) in 2023 and AED35.8 billion (11,600) last year.
The most expensive individual property sold in January was a luxury villa at Dubai Hills Estate which fetched AED140 million. The most expensive apartment sold during the month went for AED57 million at Ava At Palm Jumeirah By Omniyat.
Overall, first sales from developers were significantly greater than those of resales – 65% over 35% in terms of volume, and 60% against 40% in overall value.
With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 27% below AED1 million, 20% between AED2-3 million and 14% between AED3-5 million.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Set for completion in 2026, Sweid One is set to transform the commercial landscape of JLT with its striking architecture and state-of-the-art design.
Sweid & Sweid has successfully secured an AED 460 million Amortizing Term Loan Facility from Arab Bank to finance the development of Sweid One, its flagship Grade-A office tower in Jumeirah Lakes Towers (JLT), Dubai. This milestone marks another chapter in the long-standing relationship between the two organizations, which also collaborated on the financing of the award-winning Banyan Tree Residences in Dubai, and The 47th Office Building in Cairo, Egypt.
“Sweid One represents an important addition to Dubai’s commercial landscape, and we are pleased to have secured the support of Arab Bank for this project,” said Maher Sweid, Managing Partner at Sweid & Sweid. “This facility reflects the strength of our relationship with Arab Bank and signals the market’s growing confidence in high-quality office developments, which will further Dubai’s position as a global business hub.”
Set for completion in 2026, Sweid One is set to transform the commercial landscape of JLT with its striking architecture and state-of-the-art design. Spanning 500,000 square feet, the project will feature a meticulously designed entry plaza with landscaped driveways, a grand double-height lobby, and four levels of secure underground parking. Tenant amenities will offer a 30,000 square foot fully-serviced business center and numerous F&B options – including JLT’s first-ever food hall.
“Arab Bank has always been committed to financing projects that contribute to Dubai’s economic growth and the development of key sectors,” said Ahmed Taha, Head of Corporate & Institutional Banking – UAE at Arab Bank. “Our relationship with Sweid & Sweid has been built on trust and track record. We look forward to seeing Sweid One come to life, adding to Dubai’s world-class commercial offerings.”
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.