Dubai property prices to double in the next five years
Dubai property prices could increase as far as double in the next five years, according to Abdullah Alajaji, CEO and founder of brokerage firm Driven | Forbes Global Properties who recently spoke to Gulf Business.
This prediction comes from the recent growth in real estate prices across the emirate. Dubai's real estate market saw 217,000 investments valued at Dhs526bn in 2024, which was an increase of 38 per cent in number of transactions and and 27 per cent in terms of value, according to data from the government of Dubai.
But Alajaji also said that there's still more room to grow as property prices in Dubai are still lower than counterparts such as New York and Singapore. He stated 'I would compare this time to pre-2008. Back then, every single area went up at the same level — you'd see 30 to 40 per cent increases in a single year, whether you were in JVC or Palm Jumeirah. But rental yields were much lower. Today, rents have gone up in tandem with prices, which suggests real demand.'
This comes after Rizwan Sajan, founder of Danube Properties, predicted a 10–20 per cent correction in rents in 2025. We know that one thing is for sure, timing is key when it comes to Dubai property prices.
> Sign up for FREE to get exclusive updates that you are interested in
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 days ago
- Khaleej Times
Standard Chartered unveils UAE's first sustainable escrow solution
Standard Chartered has launched the UAE's first Sustainable Escrow and Account Bank solution, enabling businesses to align their cash deposits with sustainability goals. The market-first offering allows funds held in escrow or designated accounts to be directly linked to the bank's portfolio of verified green and sustainable loans and projects, in accordance with its Green and Sustainable Product Framework. Available across the UAE, including through the Dubai International Financial Centre (DIFC), and in the UK, the new solution marks a major step forward in sustainable transaction banking. It is designed to meet the growing demand for ESG-aligned financial tools that support the transition to a low-carbon economy. 'The UAE is leading the region in sustainability, and we are proud to support that vision with practical solutions,' said Sandrine Jourdainne, global head of deposits, Liquidity and Escrow Solutions at Standard Chartered. 'Our new offering gives clients a credible and transparent way to align their liquidity with meaningful environmental and social impact.' Acting as an independent Escrow Agent and Account Bank, Standard Chartered will ensure client funds are earmarked against eligible ESG initiatives. This offers businesses enhanced transparency, accountability, and confidence in meeting their sustainability objectives. The new solution adds to the bank's growing portfolio of ESG-driven services, including ESG-linked cash accounts, sustainable trade finance, and sustainable trade loans for financial institutions. The launch also reinforces Standard Chartered's ongoing commitment to supporting the UAE's climate goals and helping clients embed ESG considerations into core financial operations.
Zawya
4 days ago
- Zawya
What socio-economic impact is the mining sector delivering?
The South African economy heavily relies on the mining and extractives industry, which, in turn, means it should improve the socio-economic conditions of the local communities where mining companies operate. Image credit: Israaeel Rahman on Pexels In 2025, Tshikululu Social Investments continues to partner with the Minerals Council South Africa on a series of dialogues to strengthen the positive impact of the mining industry. Mining's socio-economic impact These dialogues, which began in 2024, bring together sector stakeholders to encourage collaboration and knowledge sharing. On 4 April, Tshikululu and the Minerals Council successfully hosted the first dialogue of 2025. The session brought together sector leaders for a robust and forward-looking conversation centred on the theme for this year's dialogue series: what socio-economic impact is the mining sector delivering? To begin to answer this question, mining companies must be strategic about the impact they seek to deliver, and how they intend to measure it. Effectively developing, implementing and measuring the outcomes of social impact strategy requires companies to be proactive and think beyond regulatory requirements and harm mitigation. It also requires collaboration among stakeholders at all levels. In recognition of this, the dialogue in April explored how the sector can collaborate to create and support long-term, community-driven social and economic change that will empower communities beyond life of mine. It looked at examples of collaborative models that can be used to strengthen community resilience and address shared challenges – asset-based community development (ABCD) and collective impact – and the example of Sibanye-Stillwater's sustainability strategy for Southern Africa. Asset-based community development (ABCD) ABCD is an approach to sustainable, community-driven development based on the idea that communities have assets and can leverage them to create impact. As opposed to a deficit-based approach, which prioritises the identification of needs, an asset-based approach takes as a starting point the assets of individuals, groups and institutions within a community. It assumes that everyone has something to offer and that people care about their community and so they can be motivated to create change. The model relies on relationships, building on existing structures to achieve a community vision. The emphasis is on leveraging internal resources before seeking out external resources to fill gaps. Collective impact Collective impact is a structured approach to achieving social change where diverse actors from different sectors come together to address a complex social problem. It has five core principles: - Start with a common agenda. - Establish shared measurement. - Integrate participants' diverse activities to be mutually reinforcing. - Encourage continuous communication. - Have a strong backbone (a team dedicated to aligning and coordinating the work of the group). In the collective impact model, there must be a shared understanding of how all members stand to benefit from participation. This enhances accountability and motivation. By bringing stakeholders together with their diverse assets, skills, and networks, collective impact models have a multiplier effect, amplifying incoming resources. Collective impact is a promising approach to improving collaboration, not only between individual mining operations and their host communities, but among mining companies working in the same geographic areas. Sibanye-Stillwater's sustainability strategy Siyanda Siko, manager of sustainability programmes at Sibanye-Stillwater, presented the company's sustainability strategy for Southern Africa. The strategy emphasises how the company seeks to create sustainable shared value by working in an integrated way within the business and with a wide range of stakeholders. Sibanye-Stillwater's pathway to impact and its goal of sustainable socio-economic ecosystems beyond mine closure rely on working in partnership with stakeholders (local, regional, national and international) to create value from land and strengthen non-mining economies. Siko provided examples of coalitions and collaborative projects that have brought together very diverse stakeholders in support of shared goals, especially related to economic diversification. Models that prioritise collaboration can be challenging. Centring engagement with communities and joint efforts across companies means being open to a bottom-up approach to impact, which may not align with existing reporting frameworks and regulatory expectations. Collaborative models also depend on trust, and relationships between operations and their host communities are often contentious. However, effective collaboration is essential for the mining sector to deliver sustainable socio-economic impact. Sector leaders need to work together to develop and implement models that ensure sustainable and resilient local structures while building stronger, trust-based relationships with stakeholders. This dialogue series represents a step towards enhanced collaboration within the mining sector in South Africa. The session in April emphasised the importance of collaboration for scalable and sustainable development. The value of these events is not only in sharing expertise and experience, but in bringing together sector leaders and actively creating the space for them to forge collaborations. All rights reserved. © 2022. Provided by SyndiGate Media Inc. (
Tahawul Tech
4 days ago
- Tahawul Tech
Parsons' digital-first strategy shapes future of sustainable, resilient infrastructure
From data centers to giga projects, Parsons leverages AI and digital ecosystems to deliver intelligent, future-ready infrastructure. Parsons, a leading provider of technology-driven solutions focused on the defence, intelligence, and critical infrastructure markets, offers technical design, engineering services, and software products that address complex global challenges. With a legacy spanning over 75 years, Parsons is embedding digital intelligence across every phase of project delivery. Dr. Max Clark, SVP – EMEA CTO & Sector Manager at Parsons, discusses how the company accelerates deployment without compromising long-term value, integrates AI for predictive management, and builds strategic ecosystems to future-proof giga projects and connected communities. Interview Excerpts: How is Parsons approaching the rapid expansion of data centers, particularly in balancing deployment speed with long-term sustainability and resilience goals? Parsons leverages its master planning and project management expertise to strategically align data center placement, infrastructure, sustainability, and resilience. To meet client timelines, we prioritise speed-to-market through fast-track delivery methods, including modular construction, modern construction techniques and early contractor engagement. Real-time coordination monitoring using AI and PMIS across design, procurement and construction minimises schedule risks, while front-loading decision-making and managing critical activities proactively prevents delays. This approach ensures rapid deployment without compromising long-term asset reliability, regulatory compliance, or operational flexibility, enabling us to deliver efficient data centers that meet both immediate and future client needs. With digital transformation accelerating across infrastructure projects, how do you see emerging technologies redefining traditional workflows—from planning and design to long-term operations and maintenance? Through Parsons focus on innovation, we've dedicated ourselves to creating a digital ecosystem that encompasses every aspect of our work by ensuring the latest technology, tools, and solutions are seamlessly integrated throughout our operations. These innovations deliver comprehensive digital services throughout the entire lifecycle which includes: Using parametric tools to help master planners optioneer solutions for clients. Leveraging Digital Twins and 4D-6D BIM to support design and construction decision-making. Utilising RIMMS (Parsons' Asset Management tool) and Digital Twins to drive operations and maintenance decisions. Embedding secure AI solutions to streamline processes, freeing teams to focus on higher-value tasks. AI is often discussed in theory, but what are some real-world examples where Parsons has implemented AI to drive operational efficiency, resilience, or predictive infrastructure management? AI is inherent in every part of Parsons' portfolio. Our advancements garnered through AI improve efficiency, safety, and quality, and streamline operations to achieve exceptional results for our clients. Examples include: Transportation Asset Management System (TAMS), was used to help clients efficiently inventory, manage, and maintain assets by integrating Inventory Management, GIS Management, and Work Management into a single interface. Advanced Construction Supervision system (utilising OpenSpace) that integrates technologies to automate progress tracking, remote supervision, report generation, and BIM comparison, reducing rework, improving quality assurance and control, all while enhancing safety. Given the scale and complexity of Giga Projects in the Middle East and beyond, what strategies is Parsons adopting to ensure infrastructure is future-proofed against evolving risks like climate change, cybersecurity threats, and shifting ESG regulations? Parsons delivers giga projects that are future-proofed against evolving risks by embedding sustainability, resilience, and ESG compliance into every phase of delivery. Central to that success is robust information management to ensure visibility, centralised data, and proactive monitoring and management of evolving risks and regulatory requirements. Leveraging our experience, expertise, and advanced technology, we've adopted a comprehensive approach to sustainability and resilience by designing infrastructure to withstand extreme weather conditions. This approach integrates advanced materials, aims for international certifications, partners with clients to support ESG reporting, carbon credit registration, and biodiversity restoration, and aims to optimise performance across lifecycle. How should companies reframe their operations and partnerships to thrive in this next generation of intelligent, adaptive infrastructure? A robust digital foundation is essential for enabling more efficient, adaptive, and proactive business operations. By integrating technologies into everyday processes, businesses can enhance their capabilities and drive innovation. Collaboration is critical; fostering partnerships with technology providers, other industries and government entities to establish ecosystems will enable shared expertise, encourage open communication and promote the sharing and integration of data. We're doing exactly that in developing robust digital foundations for the technology-enabled giga-projects in Saudi Arabia designed to manage the entire asset base of the city and leveraging Digital Twins to integrate diverse data sources to provide actionable insights into assets, businesses, or processes.
