Latest news with #EliteMeritRealEstate
Economy ME
12 hours ago
- Business
- Economy ME
Dubai real estate market poised for record-breaking summer with $40 billion in transactions: Report
Dubai's real estate market is set for its most active summer on record, with total transaction volumes anticipated to exceed $40 billion between June and August 2025. According to analytics reviewed by real estate agency Elite Merit Real Estate LLC , the market surged to AED142.7 billion ($38.9 billion) in Q1 2025 alone—marking a 22 percent year-on-year increase and laying the groundwork for summer spending in the AED150–160 billion ($41–44 billion) range. In comparison, Summer 2024 concluded with just over $33 billion in total transactions, positioning this year's forecast for a potential 25–30 percent seasonal increase. A key driver of this trend is the maturing development pipeline. Projects launched in 2023–24 are now entering their final construction stages, providing investors in Summer 2025 with a last-chance opportunity to secure units before completion-linked price increases take effect. Off-plan activity now comprises over 63 percent of all transactions—up from 54 percent last year—underscoring the growing confidence in the city's development trajectory. This surge in activity is unfolding against a favorable backdrop: sustained price appreciation, strong off-plan momentum, and improving macroeconomic conditions are combining to create what many perceive as a limited-time opportunity for global investors. Apartments are projected to appreciate by 6–9 percent year-on-year, while villa prices could increase by 7–10 percent, supported by tight inventory and ongoing international demand. Off-plan units in emerging areas such as Arjan and JVC are expected to yield capital gains of 15–25 percent by handover. Off-plan activity has grown to over 63 percent of transactions, reflecting rising confidence in Dubai's real estate market. Read more: Summer real estate boom in Dubai to drive record sales, rentals: Report New opportunities for buyers Historically a quieter quarter due to seasonal travel, Q3 now presents buyers with enhanced negotiation leverage. Developers are responding to this dynamic with attractive post-handover payment plans and limited-time summer incentives, particularly in the mid-luxury segment. 'Summer 2025 offers a compelling value window that we expect will close quickly by Q4,' said Elkhan Salikhov, CEO at Elite Merit Real Estate. 'We're seeing a convergence of factors—pricing still below peak, soft summer inventory pressure, and upcoming project handovers—creating an ideal moment for experienced buyers.'
Trade Arabia
02-03-2025
- Business
- Trade Arabia
BRICS Factor: Chinese, Russians driving Dubai's real estate boom
As Dubai continues to solidify its position as a global investment hub, the BRICS Factor - the expanding economic collaboration among Brazil, Russia, India, China, and South Africa - has become a key driver of foreign capital inflows, according to UAE-based Elite Merit Real Estate. The Chinese and Russian investors, in particular, are poised to dominate Dubai's luxury property market, capitalizing on the city's favorable tax policies, world-class infrastructure, and geopolitical stability, stated the real estate group in its report. Recent data indicates that Chinese and Russian investors are set to increase their share of Dubai's real estate market by over 30% in 2025. In particular, Chinese nationals have been actively targeting high-end properties, with a 15% increase in purchases in 2024 alone, making China the third-largest source of foreign investment in Dubai after the UK and India, said the report. Meanwhile, Russian investors have been actively seeking opportunities, with investment from the country surging by 20% in 2024 as demand for luxury homes in areas such as Palm Jumeirah, Downtown Dubai, and Dubai Marina continues to rise, it added. Elite Merit Real Estate pointed out that Chinese investors, traditionally known for focusing on luxury high-rises, have diversified their interest to include premium villas and waterfront properties, particularly in exclusive communities like the Palm Jumeirah and Emirates Hills. In contrast, Russian investors are increasingly purchasing larger, high-yielding properties, particularly those offering rental potential, as they look to secure stable returns amidst global uncertainties, it stated. With demand soaring, Dubai is set to complete nearly 28,700 new villas by 2025, while long-term projections indicate the need for 37,600 to 87,700 additional housing units by 2040 to accommodate its expanding population, said Elite Merit Real Estate in its report.
