Latest news with #ArabianRanches
Khaleej Times
5 hours ago
- Khaleej Times
Dubai: Traffic diversion on Al Qudra Road from June 22
Starting June 22, a temporary traffic diversion will be in place at the Arabian Ranches Junction, Dubai's Roads and Transports Authority (RTA) announced. The diversion will be implemented for 5 months as part of improving intersections on Al Qudra Road. The authority will carry out bridge construction works to enhance traffic flow. Some changes include: Road users should "plan trips in advance, head out early, and avoid peak hours," RTA added.
Khaleej Times
2 days ago
- Business
- Khaleej Times
Arabian Ranches 2 villa renovated by DMDC sold for a record-breaking Dh14.5 million
A newly renovated luxury villa in Arabian Ranches 2 has set a new benchmark, selling for Dh14.5 million – the highest recorded property transaction in the community. The villa has been fully renovated by leading construction and design firm DMDC, following a premium aesthetic of modern minimalism and further reinforcing the area's status as a sought-after destination. The six-bedroom property sits on an expansive 7,543 plot and features walk-in wardrobes, en-suite bathrooms, two spacious living rooms, a state-of-the-art German Hacker kitchen, a dining room for formal occasions, and a dedicated office space. Outdoor amenities include lush landscaping, a private swimming pool, a fully equipped outdoor kitchen, and a leisure area designed for entertaining guests. This combination of features is a rare find in the community, contributing to the home's evident appeal. The transformation aligns with the growing trend of investing in properties, renovating them, and reselling at a premium price. This approach continues to shape Dubai's luxury real estate market, with investors focusing on high-end refurbishments to maximise property value. 'We are pleased to have renovated this stunning villa. Our team envisioned a modern, minimalistic space that embodies exclusivity, and we're thrilled to see our efforts translate into a record-breaking sale. This milestone reinforces our commitment to delivering exceptional living experiences,' said Raji Daou, CEO of DMDC. Since its inception in 2021, DMDC has evolved into a team of over 700 professionals dedicated to transforming residential, office, and retail spaces. By merging cutting-edge technology, creativity, craftsmanship, and sustainable building practices, they deliver tailored solutions with uncompromising quality. Market reports for Q1 2025 indicate sustained demand for properties in Arabian Ranches 2, with limited stock and rising prices further enhancing its investment potential. Industry experts emphasise the community's long-term value and stability, positioning it as a prime choice among end users and investors alike.
Zawya
4 days ago
- Business
- Zawya
Arabian Ranches 2 villa renovated by DMDC sold for a record-breaking AED 14.5mln
Dubai, UAE: A newly renovated luxury villa in Arabian Ranches 2 has set a new benchmark, selling for AED 14.5 million – the highest recorded property transaction in the community. The villa has been fully renovated by leading construction and design firm DMDC, following a premium aesthetic of modern minimalism and further reinforcing the area's status as a sought-after destination. The six-bedroom property sits on an expansive 7,543 plot and features walk-in wardrobes, en-suite bathrooms, two spacious living rooms, a state-of-the-art German Hacker kitchen, a dining room for formal occasions, and a dedicated office space. Outdoor amenities include lush landscaping, a private swimming pool, a fully equipped outdoor kitchen, and a leisure area designed for entertaining guests. This combination of features is a rare find in the community, contributing to the home's evident appeal. The transformation aligns with the growing trend of investing in properties, renovating them, and reselling at a premium price. This approach continues to shape Dubai's luxury real estate market, with investors focusing on high-end refurbishments to maximise property value. 'We are pleased to have renovated this stunning villa. Our team envisioned a modern, minimalistic space that embodies exclusivity, and we're thrilled to see our efforts translate into a record-breaking sale. This milestone reinforces our commitment to delivering exceptional living experiences,' said Raji Daou, CEO of DMDC. Since its inception in 2021, DMDC has evolved into a team of over 700 professionals dedicated to transforming residential, office, and retail spaces. By merging cutting-edge technology, creativity, craftsmanship, and sustainable building practices, they deliver tailored solutions with uncompromising quality. Market reports for Q1 2025 indicate sustained demand for properties in Arabian Ranches 2, with limited stock and rising prices further enhancing its investment potential. Industry experts emphasise the community's long-term value and stability, positioning it as a prime choice among end users and investors alike.
Khaleej Times
03-06-2025
- Business
- Khaleej Times
Dubai homeowners renovate villas, townhouses as prices double in 3 years
Sellers in Dubai are renovating their older villas and townhouses to take advantage of strong demand as the average price has nearly doubled in the past three years. 'Since May 2022, the average villa and townhouse prices have skyrocketed by a remarkable 92 per cent, climbing from Dh3.475 million to Dh6.682 million in just three years. Even within the last year alone, these properties have seen a significant 35 per cent increase in sales price across villa and townhouse communities. This is a clear indicator of sustained demand, limited supply, and growing investor confidence in villa and townhouse communities in Dubai,' said real estate agency Allsopp and Allsopp, quoting Dubai Land Department (DLD) data. 'The Dubai real estate market is not just growing; it's redefining investment benchmarks, especially for villas and townhouses. Imagine nearly doubling your investment in just three years; that's the reality for villa and townhouse owners in Dubai. "The under-supply of quality homes, particularly ready and upgraded villas, continues to fuel this growth. Buyers want space, established communities, and turnkey homes they can move into immediately which is exactly what communities like Arabian Ranches, Jumeirah Golf Estates and Victory Heights have,' said Lewis Allsopp, chairman of Allsopp & Allsopp. Upgrading older villas, townhouses Dubai's property market has seen massive demand, especially for bigger units such as villas and townhouses soon after the outbreak of the pandemic. The restrictions on the people's movement by the authorities to contain the pandemic prompted residents to look for bigger units, pushing demand and prices of villas substantially higher. Dubai Land Department (DLD) reported Dh54 billion in property sales transactions in May, an impressive 11 per cent increase from the previous month. According to Asteco's latest data, 6,375 villas were handed over in 2024 and 2,750 in the first quarter of 2025. It is expected that 14,600 villas will be handed over by the end of 2025. The real estate agency noted that sellers are increasingly recognising the potential in renovating older properties, as these modern homes within their community now command significant prices. 'We're now seeing more sellers upgrade and list their homes as the demand for bigger, newly renovated properties grows. Many of Dubai's older homes offer unmatched space, with buyers opting for modernised and renovated homes rather than taking on the time and effort of upgrading themselves,' said Lewis Allsopp.
The National
03-06-2025
- Business
- The National
My Dubai Salary: ‘I use my Dh140,000 monthly salary to support children's charities'
Patrick Doyle donates the majority of his earnings in children's charities. As chief executive of a goods and service company dedicated to serving embassies, consulates, NGOs and military bases, he believes he is very fortunate and tries to use his income to support the needy. The 60-year-old Irish national, who has lived in the UAE for the past six years, also invests in property and other companies. The Dubai resident lives with his wife, an entrepreneur, and their three children, Emily, eight, Eleanor, six, and Olivia, four. 'We've always lived in Arabian Ranches in Dubai but recently sold our house and bought another property in the community, which we are refurbishing. We are renting in Tilal Al Ghaf for a year, while we wait for our house to be ready,' he says. Mr Doyle left school at 16 and did a diploma at the Chartered Institute of Export and International Trade in the UK. What was your first job and salary? My first job as a messenger earned me £40 ($54) a week. I would take documents from my company to other businesses in London or go to shipping lines to pick up packages. I did that for six months and then moved into the office as a junior staffer. That was at the age of 17, and by 21, I was shipping manager of one of the biggest companies in the world. Tell us about your current role. What is your salary now? My role is chief executive of a company called International Diplomatic Supplies. We supply duty-free goods, groceries and frozen foods to embassies in 85 countries. My average monthly income is Dh140,000 ($38,121). I started the company in 1997 in the UK. I was then paying myself £27,000 a year, which is less than what I earn a month now. But my main earning now is the dividend from company profits. I'd prefer not to say how much that is. Do you have considerable savings? I wouldn't say I have considerable savings. I have available money and investments in a couple of companies. I've an investment in a UAE-based tea company called BRW Society and own a UK-based non-alcoholic gin company called Sea Arch. My wife also has access to the family money to use for her company, Drink Dry. We've just invested in an off-plan property in Al Marjan Island, Ras Al Khaimah. So, rather than saving, I tend to put my money into things that might get a return. What asset classes do you invest in? I put a lot of money into children's charities. My wife and I always say: 'God is watching.' We're very lucky, fortunate in the success we've had, and we try to help children. I'm vice chairman of The Sparkle Foundation, a UAE-based charity, and we, as a company, and my wife and I also support an organisation in Ethiopia called Shamida, which provides daily meals for children and staff at an orphanage and women's refuge centre in Addis Ababa. We put amounts of money into it that we've never spent on ourselves. Have you purchased property here? We bought a villa in Arabian Ranches for Dh15 million three years ago. With the property market going up, we were able to sell it for Dh25 million, pay off the mortgage and bought another five-bedroom villa for Dh12 million, free of mortgage. We're now putting in a swimming pool, new kitchen, new bathrooms and redesigning it to move there next March. We also purchased a two-bedroom apartment (with study) in Ras Al Khaimah for Dh3.8 million. I know that Al Marjan Island is going to be an up-and-coming destination and a good investment. It has a very convenient payment plan. Do you have any debt? I haven't got any debt. We pay our credit cards in full every month, so we use it as a convenience rather than to run up debt. Have you ever inherited a sum of money? We didn't come from money. My father was a bus conductor. When he died, my mother gave me £1,000 that my father had left to give each of his children. She also gave me an emotional letter from him. I kept it in a drawer in an envelope with the letter. We had some decorators come into our UK house. We went away and when we got back, the envelope with the note and the money had been taken. Missing the note really hurt, not the money. Growing up, were you taught how to handle your finances? Not at all. There were no finances in my house for anybody to handle. My wife manages money decisions in the family. When I had money, I bought three racehorses. If my wife has money, we invest it wisely and buy properties. What are your major monthly expenses? I've got three racehorses in the UK that need to be trained, their medical bills, vet's bills, that's a big expense. A significant amount of our money goes to the charities we support. Having three children, they always need something, and then the running of the house. Have you started saving for retirement? My company is successful, so I can either continue to work beyond 60 or 65 years and earn good dividends or no longer work and still earn dividends. Or I sell the business. Running the company has been the greatest career you could possibly imagine. I've enjoyed it. I've earned a huge amount of money. We also have a house in the UK, so we have assets. I don't necessarily need to retire. I love my job. So, I could either work for another 10 years or retire tomorrow. Do you have an emergency fund? We probably keep about Dh500,000 for emergencies. What do you spend your disposable income on? Travel. My wife likes to go shopping and I like to buy her things. Plus, I've three racehorses and they are very expensive. I don't advise anyone to ever buy one. Do you worry about money? No, I don't. I worry about other people's lack of money and how I can help them. What are your financial goals? My goals are to secure my children's future. I've a 23-year-old son from my previous marriage. My children would possibly end up being adults in the UK where the housing market is ever more difficult for people to get on to as prices get out of control and bear no relation to salaries. What is your idea of financial freedom? What I have now. I've cash, assets and a successful business. I'm very, very fortunate.
