Dubai’s Residential Resale Market Sees Continued Growth In 2024 As Transaction Values Increase To Over AED 155.72B
Dubai’s residential resale market continued its impressive performance in 2024, demonstrating resilience and strong growth across various segments, according to a new report by Metropolitan Premium Properties, a division of the Metropolitan Group. The report reveals total transaction value increased by 25.3% to over AED 155.72 billion, driven by a robust economy and sustained population growth. Despite global economic uncertainties, Dubai’s resilient real estate market remains attractive to both domestic and international investors. “Dubai’s real estate market has once again outperformed expectations and 2024 was no exception,” said Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Premium Properties. “The data clearly shows
haus & haus Named ‘Top Closer Of The Year 2024’ By Bayut
haus & haus is proud to announce that we have been honoured with the Top Closer of the Year 2024 Award and recognised as the 1st Runner-Up for Agency of the Year 2024 - Dubai Enterprise Award by Bayut, one of the UAE's leading property portals. The commitment of our agents in embracing Bayut's innovative products, particularly TruBroker, has been instrumental in our success. TruBroker highlights agents who uphold ethical practices in the market, and we are proud to have 125 TruBrokers across the business, reflecting our team's professionalism and industry-leading standards. This achievement has led to more tenants, buyers, and
International Buyers Driving Sharp Increase In The Value Of Dubai Villas
The latest market analysis from eXp Dubai has revealed that high demand for villas is driving market performance across the city, far outperforming the price increase seen for flats and across the wider market. eXp Dubai analysed the latest figures looking at the rate of real estate appreciation seen across the market in Dubai over the last year.* The figures show that, on an annual basis, the market as a whole has remained somewhat flat over the last year, with real estate values increasing by 0.3% across the market in its entirety. However, some areas of the market are performing at a far
MAG Receives ‘Hospitality Launch Of The Year’ Award For The Ritz Carlton Residences, Dubai, Creekside At The Bayut Awards 2024
MAG, the leading real estate developer in the UAE, has been honoured with the ‘Hospitality Launch of the Year’ award for The Ritz Carlton Residences, Dubai, Creekside development which is part of Keturah Resort at the Bayut Awards 2024. The accolade, presented by Haider Khan, CEO of Bayut, celebrates the project’s outstanding contribution to redefining luxury hospitality in Dubai. The awards, hosted by Bayut, acknowledge pioneering developments that have set benchmarks in design, innovation, and market impact. The winners were announced at an exclusive ceremony held at Atlantis The Royal on February 6, 2025, bringing together key industry leaders and visionaries. In
Azizi Developments Sells 99% Of Azizi Neila
Azizi Developments, a leading private developer in the UAE, has announced that Azizi Neila, located in the highly acclaimed growth corridor of Al Furjan, is now 99% sold. Among the 31 nationalities that have purchased units, Emiratis comprise the largest demographic at 20%. Investors from Western and European countries, such as the UK, US, and Canada, account for 45%, while those from South Asian nations represent 25%. Meanwhile, buyers from the MENA region, including Egypt and Jordan, contribute 9%. Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: “We are immensely proud of Neila’s extraordinary success, with 99% of
Kleindienst Group Launches Nine Luxurious Party Suites At voco™ Monaco Dubai At The Heart Of Europe On The World Islands
Kleindienst Group, a leading global business conglomerate and master developer behind The Heart of Europe on Dubai’s World Islands, is proud to announce the launch of the Party Suites at voco™ Monaco Dubai. Designed for those who seek the ultimate entertainment experience, these exclusive suites set a new standard for luxury hospitality, reinforcing The Heart of Europe as the region’s first party island and a premier leisure destination. Josef Kleindienst, Founder and Chairman of Kleindienst Group, said, “The Party Suites at voco™ Monaco Dubai mark a defining moment in our mission to transform The Heart of Europe into the city’s top
Deyaar Reports AED 505.4 Million Profit Before Tax, Up 14.68% YOY In Preliminary Unaudited Results For YTD Dec’2024
Deyaar Development PJSC (“Deyaar”), one of the leading real estate developers and service providers in Dubai, the United Arab Emirates (UAE), has today announced its preliminary unaudited financial results for the full year ending 31 December 2024. Deyaar posted a 14.68% increase in net profit before corporate tax,rising to AED 505.4 million in 2024 from AED 440.7 million in 2023.The total revenue saw a 20.61% increase, reaching AED 1,512.8 million in 2024 compared to AED 1,254.3million in 2023. The increase in revenue is attributable to a rise in Property Development revenue, which saw an increase of 25.6%, reaching AED 1,193.9 million in
Wasl Sets New Standard In Urban Luxury Living With The Launch Of Avenue Park Towers At Wasl 1
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 ParkTowers will appeal to both investors and end-users.Its proximity to Zabeel Park, ensures access to green spaces within an urban setting. Home owners 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
Palace Group Marks 25 Years With AED 36bln In Super Prime Developments
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
UAE: Mohammed Bin Rashid Reviews Progress Of Housing Project For Citizens
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of the Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project for Citizens in the Wadi Al Amardi area in Dubai. The project features 672 villas under construction at a total cost of AED1.4 billion, in addition to endowment markets, a mosque, a public park, and service facilities designed to meet the needs of Emirati families. The new residential project is directly overseen by H.H. Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of H.H. Sheikh Mohammed bin Rashid Al Maktoum.