Latest news with #AED18.8
Zawya
04-03-2025
- Business
- Zawya
Dubai property sales in February soar to $13.8bln
Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling AED51.1 billion ($13.8 billion), up 40% over last year, according to fäm Properties. The last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record, it stated. Data from DXBinteract shows that villa sales totalling AED18.8 billion climbed dramatically by 99.7% to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7% to 608. Apartment sales worth AED21.4 billion climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1% increase in volume over February 2024. The average price per sq. ft was up by 3.4% to AED 1,551, said the report. "The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years," said its CEO Firas Al Msaddi. "This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets," he added. Dubai property sales for the month of February have now risen by 449% in value over the last five years – from AED9.3 billion (4,100 transactions) in 2020, AED7.3 billion (3,700) in 2021, AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023 and AED36.5 billion (11,900) last year. The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million, said Msaddi. The most expensive apartment sold during the month went for AED116 million at The Rings - 1 at Jumeirah Second. Overall, first sales from developers were significantly greater than those of resales - 66% over 34% in terms of volume, and 62% against 38% in overall value, he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
04-03-2025
- Business
- Trade Arabia
Dubai property sales in February soar to $13.8bn
Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling AED51.1 billion ($13.8 billion), up 40% over last year, according to fäm Properties. The last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record, it stated. Data from DXBinteract shows that villa sales totalling AED18.8 billion climbed dramatically by 99.7% to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7% to 608. Apartment sales worth AED21.4 billion climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1% increase in volume over February 2024. The average price per sq. ft was up by 3.4% to AED 1,551, said the report. "The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years," said its CEO Firas Al Msaddi. "This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets," he added. Dubai property sales for the month of February have now risen by 449% in value over the last five years – from AED9.3 billion (4,100 transactions) in 2020, AED7.3 billion (3,700) in 2021, AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023 and AED36.5 billion (11,900) last year. The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million, said Msaddi. The most expensive apartment sold during the month went for AED116 million at The Rings - 1 at Jumeirah Second.
Mid East Info
04-03-2025
- Business
- Mid East Info
Dubai property market enjoys bumper month as February sales hit AED51.1 billion - Middle East Business News and Information
Villa sales soar by 99% as 16,099 overall transactions solidify city's status as top destination for property investment. Dubai, UAE, 4th March, 2025: Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling AED 51.1 billion, a 39.91% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record. Data from DXBinteract shows that villa sales totalling AED18.8 billion climbed dramatically by 99.7% to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7% to 608. Apartment sales worth AED21.4 billion climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1% increase in volume over February 2024. The average price per sq. ft was up by 3.4% to AED 1,551. 'The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years,' said Firas Al Msaddi, CEO of fäm Properties. 'This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets.' Dubai property sales for the month of February have now risen by 449% in value over the last five years – from AED9.3 billion (4,100 transactions) in 2020, AED7.3 billion (3,700) in 2021, AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023 and AED36.5 billion (11,900) last year. The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million. The most expensive apartment sold during the month went for AED116 million at The Rings – 1 at Jumeirah Second. Overall, first sales from developers were significantly greater than those of resales – 66% over 34% in terms of volume, and 62% against 38% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 25% below AED1 million, 19% between AED2-3 million and 15% between AED3-5 million. FEBRUARY 2025 – Top five performing areas in terms of overall sales volume Wadi Al Safa 5 1,297 units Jumeirah Village Circle 1,246 Dubai Marina 915 Business Bay 878 Dubai South 819 BEST-SELLING PROJECTS Off-plan apartments Units Value AED Franck Muller Vanguard 250 436.9m Golf Dale 162 297.4m Saria 139 395.2m Golf Acres 134 243.9m Skyscape 131 321.2m Off-plan villas La Tilia At Villanova Phase 2 205 678.7m La Tilia At Villanova Phase 1 195 647.2m Reportage Village 1 175 226m The Valley – Kaia 106 318.1m Nad Al Sheba Gardens Phase 7 90 455.1m Ready apartments Lakeside 51 19.7m P23 45 14.9m Falcon Tower 40 111.4m KhK 24 35 17.8m Sky Courts 33 20.7m Ready villas Nad Al Sheba Gardens Phase 7 63 889.5m Reem – Mira Oasis Community 16 46.1m Reem – Mira Oasis Community 3 11 35.7m Greenview 2 10 27.6m Reem – Mira Oasis Community 2 9 26m Ends
Arabian Business
04-03-2025
- Business
- Arabian Business
Dubai real estate market sees record February with $13.9bn in sales, up 40%
Dubai's property market recorded AED51.1 billion in sales during February 2025, marking a 39.91 per cent increase compared to the same period last year, according to data released by fäm Properties. The market update showed 16,099 transactions last month, representing a 35.5 per cent rise in volume over February 2024, making it one of the strongest months on record for Dubai real estate. Villa sales reached AED18.8 billion with 3,679 transactions, a 99.7 per cent increase from February 2024. Plot sales totalled AED9.6 billion across 608 transactions, rising 74.7 per cent in volume year-on-year. Apartment sales generated AED21.4 billion through 11,364 transactions, up 21.3 per cent in volume, while commercial property sales amounted to AED1.2 billion from 447 transactions, a 40.1 per cent volume increase. The average price per square foot increased 3.4 per cent to AED1,551. Dubai real estate thrives 'The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years. This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets,' Firas Al Msaddi, CEO of fäm Properties said. The February 2025 figures represent a 449 per cent increase in value compared to five years ago. Sales have risen from AED9.3 billion (4,100 transactions) in 2020, falling to AED7.3 billion (3,700) in 2021, before climbing to AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023, and AED36.5 billion (11,900) in 2024. February's highest-value transaction was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid, selling for AED140 million, while the most expensive apartment sold for AED116 million at The Rings – 1 in Jumeirah Second. First sales from developers dominated the market, accounting for 66 per cent of total volume and 62 per cent of overall value, compared to 34 per cent and 38 per cent respectively for resales. Properties priced between AED1-2 million represented 31 per cent of total sales, with 25 per cent below AED1 million, 19 per cent between AED 2-3 million, 15 per cent between AED3-5 million, and 9 per cent above AED5 million. Wadi Al Safa 5 led the market with 1,297 units sold, followed by Jumeirah Village Circle (1,246), Dubai Marina (915), Business Bay (878), and Dubai South (819). Top off-plan and ready sales In the off-plan apartment segment, Franck Muller Vanguard topped sales with 250 units worth AED436.9 million, followed by Golf Dale (162 units, AED297.4 million), Saria (139 units, AED395.2 million), Golf Acres (134 units, AED243.9 million), and Skyscape (131 units, AED321.2 million). For off-plan villas, La Tilia At Villanova Phase 2 led with 205 units valued at AED678.7 million, followed by La Tilia At Villanova Phase 1 (195 units, AED647.2 million), Reportage Village 1 (175 units, AED226 million), The Valley – Kaia (106 units, AED318.1 million), and Nad Al Sheba Gardens Phase 7 (90 units, AED455.1 million). Among ready apartments, Lakeside led sales with 51 units (AED19.7 million), followed by P23 (45 units, AED14.9 million), Falcon Tower (40 units, AED111.4 million), KhK 24 (35 units, AED17.8 million), and Sky Courts (33 units, AED20.7 million). For ready villas, Nad Al Sheba Gardens Phase 7 topped sales with 63 units (AED889.5 million), followed by Reem – Mira Oasis Community (16 units, AED46.1 million), Reem – Mira Oasis Community 3 (11 units, AED35.7 million), Greenview 2 (10 units, AED27.6 million), and Reem – Mira Oasis Community 2 (9 units, AED26 million).
Zawya
04-03-2025
- Business
- Zawya
Dubai property market enjoys bumper month as February sales hit AED51.1bln
Dubai, UAE: Dubai's real estate market has continued its strong start to 2025, with property sales in February totalling AED 51.1 billion, a 39.91% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 16,099 transactions also represented a 35.5% increase in volume over February 2024, making it one of the best ever months on record. Data from DXBinteract shows that villa sales totalling AED18.8 billion climbed dramatically by 99.7% to 3,679 compared with February last year, while plot sales worth AED9.6 billion also soared in volume by 74.7% to 608. Apartment sales worth AED21.4 billion climbed 21.3% in volume to 11,364, while a total of 447 commercial property transactions amounting to AED1.2 billion represented a 40.1% increase in volume over February 2024. The average price per sq. ft was up by 3.4% to AED 1,551. 'The data once again highlights the robust nature of Dubai's real estate market and the steady growth it has experienced over the past few years,' said Firas Al Msaddi, CEO of fäm Properties. 'This reinforces Dubai's position as a safe and reliable hub for real estate investment, further boosting investor trust and attracting attention from local, regional, and global markets." Dubai property sales for the month of February have now risen by 449% in value over the last five years – from AED9.3 billion (4,100 transactions) in 2020, AED7.3 billion (3,700) in 2021, AED15.4 billion (6,200) in 2022, AED27.1 billion (9,400) in 2023 and AED36.5 billion (11,900) last year. The most expensive individual property sold in February was a luxury villa at Hadaeq Sheikh Mohammed Bin Rashid which fetched AED140 million. The most expensive apartment sold during the month went for AED116 million at The Rings - 1 at Jumeirah Second. Overall, first sales from developers were significantly greater than those of resales - 66% over 34% in terms of volume, and 62% against 38% in overall value. With properties worth more than AED5 million accounting for 9% of total sales, 31% came in the AED1-2 million range, 25% below AED1 million, 19% between AED2-3 million and 15% between AED3-5 million.
