Latest news with #ChristopherCina
Arabian Business
5 days ago
- Business
- Arabian Business
Dubai real estate market hit $41.3bn in H1 2025 as prime sales surge 113 per cent
Dubai's property boom shows no signs of slowing down. In the first half of 2025 alone, real estate sales hit a record-breaking AED151.8bn ($41.3bn), driven by rising investor demand and surging prime market transactions. It marks a 46 per cent year-on-year surge in H1 2025, according to the Betterhomes Q2 2025 Dubai Residential Real Estate Market report. Transaction volumes climbed 25 per cent year-on-year, reaching 50,485 units sold, while quarter-on-quarter growth hit 33 per cent in value and 19 per cent in volume, underlining the emirate's enduring global appeal and robust investor sentiment. Dubai prime real estate growth The prime residential market stood out, recording a record 1,417 transactions in Q2, up from 851 in Q1—a 67 per cent quarter-on-quarter increase and an eye-catching 113 per cent year-on-year gain. This dramatic rise signals a booming appetite for ultra-luxury homes among global high-net-worth buyers. Christopher Cina, Director of Sales at Betterhomes, said: 'With approximately 20,000 new units delivered in the first half of 2025 and a further 70,000 expected by year-end, Q3 is shaping up to be an exciting phase for Dubai's property market. 'This upcoming supply is well-aligned with the city's growing population and strong investor appetite. Demand remains robust, particularly for apartments and ready villas, with healthy absorption of new launches. 'Both Q3 and the second half of 2025 are expected to reflect positive market sentiment, supported by a resilient economy, sustained end-user demand, and attractive rental yields.' More than 20,000 new residential units were completed in H1 2025, with a further 70,000 expected by year-end. More than 200,000 more homes are in the development pipeline through 2027. JVC led completions with 20 per cent, followed by Sobha Hartland (11 per cent) and MBR City (8 per cent). Dubai real estate prices Prices continue to edge upward, with the average price per square foot now AED1,582 ($431)—a 6 per cent increase compared to H2 2024, and 90 per cent higher than pandemic-era lows of AED833 ($227). Investor transactions rose to 58 per cent in Q2, up from 50 per cent in Q1, while end-user share fell to 42 per cent. The market also saw a significant shift towards cash purchases, now accounting for 52 per cent of all deals, up from 42 per cent in Q1. Mortgage-backed transactions dropped to 48 per cent, reflecting a liquidity-driven market led by global investors and faster deal cycles. The UK overtook India as the top buyer nationality, with a 56 per cent quarterly increase in activity. India and Pakistan held second and third positions respectively, while Poland entered the top five and Ireland debuted at sixth, replacing Russia for the first time in years. Dubai's market continues to draw a global and increasingly diverse buyer base, reinforcing its position as one of the world's most sought-after property destinations. Dubai real estate highlights H1 2025 Metric H1 2025 Change vs. 2024 Total sales volume AED 151.8 billion ($41.3 billion) Up 46% YoY Units sold 50,485 Up 25% YoY Prime transactions 1,417 deals Up 113% YoY Average price/Sq ft AED 1,582 ($431) Up 6% H2 2024, Up 90% since COVID lows New units delivered 20,000 70,000 more expected in H2 Top completion areas JVC (20%), Sobha Hartland (11%), MBR City (8%) — Investor share 58% Up from 50% in Q1 Cash transactions 52% Up from 42% in Q1 Top buyer nationality United Kingdom Up 56% Q2 vs. Q1
Gulf Insider
04-07-2025
- Business
- Gulf Insider
Luxury Real Estate Boom: Dubai Outshines London, Miami, Phuket
Dubai has officially cemented its position as the world's branded residence capital, leading a global shift in luxury real estate where lifestyle, prestige, and brand power now rival square footage and skyline views. According to a new report by Betterhomes, Branded Residences: Dubai vs The World , the emirate is experiencing a meteoric rise in branded residential developments, with over 140 branded projects set for delivery by 2031—more than any other city on the planet. That marks a 160% growth in the segment over the last decade. The numbers behind the trend are staggering. In 2024 alone, Dubai sold over 13,000 branded homes, generating Dh60 billion in transaction value—a 43% year-on-year increase. Buyers are paying 40% to 60% premiums on branded units compared to standard luxury homes, drawn in by the promise of concierge living, long-term capital appreciation, and the halo effect of globally recognized names. 'High-net-worth buyers are no longer just looking for property. They're investing in lifestyle, brand value, and long-term growth,' said Christopher Cina, Director of Sales at Betterhomes. 'Dubai offers all three, and that's why it's outperforming legacy markets like London and Miami.' Dubai's rise isn't just about quantity—it's about strategic positioning. While cities like Miami boast ultra-luxury residences (like the Aston Martin Residences fetching up to Dh25,000 per square foot), Dubai offers comparable brand appeal at more competitive prices. For instance, Bvlgari Residences are priced at around Dh10,500 per square foot, while Bugatti Residences command a 237% premium, yet remain within reach for global investors. Beyond price, Dubai trumps competitors in three key areas: Tax advantages over London More accessible pricing than Miami Stronger growth potential than Phuket or Spain In contrast, while London's OWO Residences reach Dh20,000 per square foot, tax burdens and red tape dampen investor enthusiasm. Thailand and Spain may offer luxury appeal, but they lack Dubai's liquidity, speed of execution, and investor-centric ecosystem. Once the domain of legacy hospitality names like Four Seasons or Ritz-Carlton, today's branded residence market is a kaleidoscope of luxury labels—from fashion houses to supercar brands. In Dubai, this diversification is on full display: Bugatti Residences by Binghatti Armani Beach Residences by Arada Six Senses Residences by Select Group Master developers like Emaar, Meraas, and Nakheel have also doubled down on brand-centric communities that blur the line between home and lifestyle destination. As the branded model gains traction, the MENA region is projected to hit 25% market share in branded residences by 2030, with Dubai leading the charge. Dubai's real estate surge isn't just about architecture or amenities—it's about experience. Buyers aren't just acquiring a home; they're aligning themselves with an identity. It's a Bugatti lifestyle, a Bvlgari vision, an Armani address. That emotional connection is translating into real-world value. With branded residences now representing 8.5% of Dubai's total real estate transaction value, the trend isn't slowing down—it's accelerating. As the global appetite for branded living grows, one thing is clear: Dubai isn't just keeping pace—it's setting the standard. With its unmatched blend of brand integration, investor-friendly environment, and lifestyle innovation, the emirate is not just building homes—it's building the future of luxury living. Dubai's branded residence market is no longer an emerging trend—it's a global benchmark. Investors, developers, and lifestyle brands alike are now looking to the city as the blueprint for high-end, brand-powered urban living.
Zawya
03-07-2025
- Business
- Zawya
Dubai tops global charts with 140 branded projects set for delivery by 2031
Branded residences have emerged as a powerful force in luxury real estate, combining elite living with the allure of globally recognised brands. At the epicentre of this trend is Dubai, which has seen a remarkable 160% growth in this segment over the past decade. According to a new industry report by Betterhomes, Branded Residences: Dubai vs The World, Dubai has emerged as the global capital of branded living. The city's market is projected to reach 140 branded developments by 2031, placing it well ahead of established luxury hubs such as Miami, London, and Phuket. 2024 was a record-breaking year, with over 13,000 branded home sales generating AED 60 billion in transaction value, a 43% year-on-year increase. Buyers are paying premiums of 40% to 60%, driven by the promise of elevated lifestyle experiences, exceptional services, and strong capital appreciation. 'High-net-worth buyers are no longer just looking for property. They're investing in lifestyle, brand value, and long-term growth. Dubai offers all three, and that's why it's outperforming legacy markets like London and Miami,' said Christopher Cina, Director of Sales at Betterhomes. The report positions Dubai as more competitive than its global peers, offering better value than Miami, a more investor-friendly tax landscape than London, and greater long-term growth potential than Phuket. While residences like Aston Martin's in Miami reach AED 25,000 per square foot, Dubai's Bvlgari and Bugatti-branded homes remain more accessibly priced, yet still command significant premiums and investor interest. Once dominated by hotel names like Four Seasons and Ritz-Carlton, the branded residence sector has evolved to include automotive, fashion, and entertainment brands. Dubai has embraced this shift, leading the global trend toward lifestyle-driven, brand-integrated living. With over 50 projects completed and another 130 in the pipeline, Dubai's momentum continues to reshape the future of global luxury real estate. Here's the full report for your reference: Branded Residences | Dubai vs. The World
Arabian Business
30-06-2025
- Business
- Arabian Business
Dubai real estate: Branded residences sales surge 43% to generate $16.3bn in 2024
Dubai has cemented its position as the world capital for branded residences, recording sales of over 13,000 units in 2024 and generating transaction values of AED 60 billion, a new report finds. The emirate experienced a 43 per cent increase in branded residence sales compared to the previous year, with the sector now representing 8.5 per cent of Dubai's total real estate transaction value, new research from Betterhomes revealed. The market demonstrates buyers' willingness to pay premiums of 40 per cent to 60 per cent per square foot for branded properties over non-branded counterparts in the same locations. Dubai leads global branded residences market with 160% growth 'High-net-worth buyers are no longer just looking for property. They're investing in lifestyle, brand value, and long-term growth. Dubai offers all three, and that's why it's outperforming legacy markets like London and Miam,' Christopher Cina, Director of Sales at Betterhomes said. The city's regulatory framework offers 100 per cent foreign ownership, zero income tax, and long-term Golden Visas for investors, creating conditions that attract high-net-worth individuals from across the globe. Dubai maintains 140 branded real estate projects scheduled for completion by 2031, positioning the city ahead of global competitors including Miami, New York, and Phuket in both completed developments and pipeline projects. The sector has evolved beyond traditional hospitality brands such as Four Seasons and Ritz-Carlton to include automotive marques like Mercedes-Benz, Bentley, and Bugatti; fashion houses including Armani and Missoni; and entertainment brands such as Cipriani. Developers have forged strategic partnerships with these global brands. Binghatti has partnered with Bugatti for Bugatti Residences, Arada collaborates with Armani for Armani Beach Residences, and Select Group works with Six Senses for Six Senses Residences. Master developers including Emaar, Meraas, and Nakheel have created brand-centric enclaves that define Dubai's luxury property landscape. Dubai's branded residences remain competitively priced compared to international markets. The research shows Dubai buyers pay an average premium of 157 per cent for branded residences, whilst Europe records 265 per cent, Thailand 270 per cent, and the USA nearly 500 per cent. Bvlgari Residences in Dubai commands AED 10,500 per square foot with a 166 per cent premium, whilst Bugatti Residences leads at a 237 per cent premium. In comparison, Miami's Aston Martin Residences reaches AED 25,000 per square foot with a 525 per cent premium. London's The OWO Residences are priced at AED 20,000 per square foot, but the research notes that high taxes and complex regulations reduce investor appeal in the UK market. The MENA region's branded residences are projected to reach 25 per cent market share by 2030, with Dubai leading the expansion. The research forecasts the number of regional projects will exceed 360 developments. 'Dubai outperforms global rivals, it is more affordable than Miami, more tax friendly than London, and offers a higher growth potential than Phuket,' the research concluded. The sector represents what researchers describe as 'a wider shift towards lifestyle-centric luxury real estate that redefines conventional notions of homeownership.'
Mid East Info
12-05-2025
- Business
- Mid East Info
Investor Appetite Grows as Dubai Property Sales Jump 23% in April - Middle East Business News and Information
Demand is high, investor confidence is steady, and the appeal of Dubai real estate, both to locals and global buyers, has never been stronger. Dubai Sales Soar in April: Off-Plan Leads, But Ready Homes Make a Strong Comeback Dubai recorded 15,213 property sales transactions in April, reaching a staggering AED 46.18 billion in value, a 23.1% month-over-month increase. While off-plan transactions made up 59% of the market, secondary sales gained ground, climbing to 41%, up from 38% in March. Average price per square foot rose by 2.05% to AED 1,730, further underscoring the city's steady price appreciation amid strong demand. Apartments were the hottest ticket, with studios and one-bedroom units making up over two-thirds of transactions. Meanwhile, villas and townhouses maintained strength, particularly in 4- and 5-bedroom layouts, reflecting a sustained appetite for space and community living. Top-performing communities for apartments included Motor City, Dubai Marina, and Dubai Land, while Dubai Hills Estate, Al Furjan, and Jumeirah Golf Estates led villa sales. 'April was another strong month for Dubai real estate. It's encouraging to see interest coming from both investors and end-users. It's not just about the big numbers; it's about consistent demand across a wide range of communities and property types. Communities like Dubai Hills Estate and Motor City are seeing real traction, which tells us people aren't just buying for investment. They're buying to live, to grow, and to stay,' said Christopher Cina, Director of Sales at Betterhomes Dubai Leasing Market Holds Steady: Strong Tenant Demand Despite Transaction Dip On the leasing front, Dubai recorded 29,423 rental transactions in April. While this was a 23% dip compared to March, tenant interest remained high, reflected in a 1.2% increase in leads at Betterhomes. This shows that while fewer contracts were signed, demand remains healthy and focused. Apartment rentals averaged AED 140,000 annually, with popular communities like Dubai Marina, Jumeirah Lake Towers (JLT), and Dubai Land leading the charts for tenant activity. Villas saw even higher interest, averaging AED 296,000 per year, with Tilal Al Ghaf, Dubai Hills Estate, and Jumeirah Village Triangle standing out for their strong family appeal. Townhouses also held their own, with an average lease price of AED 226,800. Damac Hills 2 led the segment with a 2.4% rise in rents, a reflection of growing interest in newer, master-planned communities.
