Latest news with #DubaiMarket
Khaleej Times
09-07-2025
- Business
- Khaleej Times
Time to buy? Dubai gold prices trending lower as 24K trades below Dh400 per gram
Gold prices continued to trend lower in Dubai as 24K was trading below Dh400 per gram, giving opportunity for the UAE shoppers to take advantage of the lower rates. On Wednesday morning, 24K was trading at Dh397.0 per gram while 22K, 21K and 18K were selling at Dh367.75, Dh352.5 and Dh302.25 per gram, respectively. Precious metal prices had been trending above Dh400 per gram in the previous weeks, thereby providing an opportunity for UAE residents looking to buy precious metals when prices slip below Dh400 per gram. Spot gold was trading at $3,294.19 per ounce, down 0.47 per cent in the morning trade. Ole Hansen, head of commodity strategy, Saxo Bank, said a lack of fresh bullish catalysts has raised the risk of a deeper correction, especially after recent signs of buyer fatigue. "Gold notably failed to rally alongside silver and platinum or attract a safe-haven bid during the brief Israel-Iran conflict. At the same time, surprisingly strong US economic data has postponed rate cut expectations without triggering a significant gold selloff – another sign of underlying resilience,' he said. Dilin Wu, research strategist at Pepperstone, said the market focus has shifted to developments in US trade policy and related comments from US President Donald Trump, which could serve as key short-term catalysts for gold this week.
Khaleej Times
05-07-2025
- Business
- Khaleej Times
Look: Giant red onion, size of baby's head, arrives in Dubai
An onion the size of a baby's head and weighing nearly 1kg has caught the attention of shoppers and restaurant owners at Dubai's Al Awir Market. Priced at Dh2.5 per kg, this massive onion is being sold at Bloom Market in Al Awir. 'I have been working in Al Awir for 18 years, and I have never seen an onion this big,' said longtime vendor Mohammed Yaseen, holding one up with both hands. 'It's almost the size of a face.' The giant onion, imported from China, is almost triple the size of regular onions that usually weigh between 100 to 200 grams. 'People come here out of curiosity. They look at it, take pictures, buy one, and then come back to take more,' Yaseen. 'Some just can't believe it's real until they touch it.' According to Yaseen, the onion has a high water content and a slightly different taste compared to regular onions. 'It's sweeter and milder. When people cut it, they don't cry,' he said. Because of its large size and juicy texture, the onion is gaining popularity among restaurant owners too. 'Chefs and restaurant buyers are buying it in bulk,' said Yaseen. 'They say it gives salads a better taste and works well for gravy too.' The unusual vegetable has turned into a bit of a local attraction at the market. 'One customer told me it reminded him of his childhood when vegetables were bigger and tastier,' Yaseen added. While not officially confirmed as the world's largest onion, it's certainly the biggest most Dubai shoppers have seen. And at Dh2.50 a kg, it's also turning out to be a good deal. 'It's not just the size. People love it because it tastes good and stands out,' Yaseen said.
Zawya
04-07-2025
- Business
- Zawya
Dubai Real Estate Transactions reach AED144.7bln in Q2 2025 as off-plan market leads performance
Overall sales volume reached 48,519, up 14.8% from Q1. Rental income topped AED 9.4 billion, supported by demand in villa-led communities. Dubai: Dubai's real estate market recorded AED 144.7 billion in transactions during Q2 2025; a 26.8% increase from the previous quarter and a 39.7% rise year-on-year. A total of 48,519 transactions were registered, with demand concentrated in infrastructure-linked zones and well-established master-planned communities. The quarter also saw a notable uptick in foreign capital flows, driven by currency-based affordability and growing trust in the local regulatory framework. Off-plan performance led the market, contributing AED 98.4 billion in transaction value - an 82.7% increase from Q1. A total of 31,699 off-plan units were sold, while the ready market accounted for AED 46.4 billion across 16,820 transactions. Rental income reached AED 9.4 billion, with high absorption recorded in districts such as Arabian Ranches, DAMAC Hills, and Jumeirah Golf Estates. 'This quarter reflects a decisive shift in buyer strategy,' said Farooq Syed, CEO of Springfield Properties. 'We're seeing strong alignment between investor confidence, infrastructure delivery, and the long-term fundamentals that continue to underpin Dubai's real estate market'. The report highlights several forces shaping market behaviour this quarter. Areas linked to the new Dubai Metro Blue Line are seeing early pricing momentum. International buyers from the UK, Europe, and India are capitalising on currency arbitrage to secure AED-denominated assets. Digital platforms, particularly those powered by AI, are accelerating buyer decision-making across financing and location filtering. Meanwhile, off-plan launches continue to dominate investor sentiment, with flexible payment plans and early access to infrastructure-led communities driving transaction volumes.
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
Zawya
03-07-2025
- Business
- Zawya
93% rise in luxury deals signals Dubai's new era of strategic wealth
With 13,000 new millionaires relocating to Dubai in 2024 and transactions of properties valued at AED 10M+ nearly doubling in 2025, Dubai is fast becoming the world's go-to market for discerning, long term capital and record deals are proving it. Dubai, UAE: A sharp rise in demand for high-end, spacious residences is reshaping Dubai's luxury real estate market, as global investors prioritise stability, strategic growth, and long-term value over short-term speculation. This shift is exemplified by a record AED 168 million luxury five-bedroom full floor residence deal closed by haus & haus Off Plan Director, Paul Sharland, now one of the top 10 most expensive apartment sales ever recorded in Dubai. While global markets grapple with uncertainty, Dubai's ultra-prime segment continues to attract confident capital. 'There's a gap between perception and reality,' said Sharland. 'The clients I work with aren't pulling back, they're being more selective, yes, but they're doubling down on Dubai and thinking big.' The AED 167M sale was one of three major acquisitions concluded by Sharland in Q2 2025 on behalf of the same international buyer, following an AED 30M villa on Palm Jumeirah and a subsequent AED 52M purchase – reinforcing haus & haus's reputation for facilitating high-level deals with discretion and expertise. According to Sharland, the market's surge reflects a shift in how serious investors assess opportunity: 'Investors are clearly focused on fundamentals: policy, infrastructure and where the city's putting its money. For serious capital, this isn't a numbers game anymore. It's a value game. The New Migration of Wealth UBS data from their Global Wealth Report 2025 reinforces Dubai's momentum. In 2024, the UAE saw the second highest global increase in USD millionaires, a 5.8% rise that added 13,000 new millionaires in just one year. According to Henley & Partners' Private Wealth Migration Report 2025, that trajectory is only accelerating. A record 142,000 millionaires are expected to relocate globally this year, and the UAE is set to attract the largest net inflow, an estimated 9,800 high-net-worth individuals. That's more than any other country worldwide. By contrast, the UK is forecast to lose 16,500 millionaires in 2025 (the highest net outflow globally) while China (-7,800), India (-3,500) and Russia (-1,500) are also set to report major losses. The movement underscores a decisive shift toward jurisdictions offering legal certainty, tax optimisation and sovereign stability. 'Real estate is no longer just a lifestyle choice,' says Sharland. 'It's part of the new wealth architecture - a sovereign hedge that combines capital protection, mobility and legacy planning.' Bigger Homes, Bigger Bets haus & haus analysis of Dubai Land Department (DLD) transactions shows a 93% increase year-on-year (YoY) in transactions above AED 10 million between January and May 2025. This trend isn't anecdotal, it's measurable. Comparing January-May 2025 vs 2024: The number of AED 10M+ property transactions nearly doubled - up 93.2% YoY from 1,607 in 2024 to 3,105 in 2025. High-end transactions priced at AED 3,000–3,500/sq. ft rose by 19.9%, while ultra-prime sales over AED 3,500/sq. ft more than doubled, up 119.1%. Large-format homes are surging, with transactions for properties over 1,500 sq. ft up 47.9% YoY. 'This isn't speculative,' Sharland explains. 'It's data-backed confidence. Clients are chasing value and in Dubai, value still scales.' UBS's Global Wealth Report 2025 reinforces this trend, highlighting Dubai and the wider UAE as top-performing regions in millionaire expansion. The report also confirms the growing power of the EMILLIs (Everyday Millionaires), with over 52 million individuals globally holding USD 1–5 million in wealth. These investors are increasingly value-driven, strategic and focused on real estate as a legacy asset. UBS calls Dubai one of the world's 'most dynamic and resilient luxury markets', with prices still comparatively low versus global peers. The report notes that Dubai remains undervalued relative to London, New York and Singapore. 'When you factor in zero income tax, premium infrastructure and the lifestyle here, there's still incredible value per square foot,' Sharland explains. 'Investors see that. They're not flinching, they're moving strategically.' From Speculation to Strategy This shift from short-term flipping to long term portfolio building has redefined how investment advisors operate in the market. 'Client relationships like these don't come from pressure,' Sharland says. 'They come from honesty, consistency and a shared long-term view.' That mindset has helped grow the haus & haus Off Plan & Investment division to over 70 consultants and led the firm to develop The Dubai Investment Playbook, a strategic guide designed to help clients navigate the evolving market. 'A lot of investors we were speaking to didn't know who to trust,' Sharland recalls. 'The Playbook gives them a proper starting point. Then we build a custom strategy based on their goals, risk appetite and exit plan. In this market, there's no one-size-fits-all.' Looking Ahead As global capital continues to reposition itself, Dubai's appeal shows no signs of slowing. Whether driven by policy shifts in the UK, fiscal uncertainty in the US or demand for geopolitical stability, wealthy investors are placing strategic bets and Dubai's high-end real estate remains firmly on their radar. 'The panic buyers are already long gone," Sharland concludes. "What's left is strategic capital and it's recalibrating for long term gain. The most forward-thinking investors I know are already one move ahead and Dubai is their play.' Download the Playbook: About Paul Sharland With over 23 years in property and finance across London, New York, Marbella and Dubai, Paul Sharland leads the Off Plan division at haus & haus. Known for sharp insights and a straight-talking approach, he also co-hosts the haus & haus Dubai Real Estate Unplugged. About haus & haus Real Estate Group haus & haus is a multi-award winning real estate group founded in 2013 by UK property experts James Perry, Luke Remington and Simon Baker. The leadership team later welcomed Charlie Bannan as Managing Director. With over 400 specialists and thousands of verified 5 star client reviews, the company has grown into one of Dubai's most trusted and respected real estate names. With a client first approach and in-house specialist divisions, haus & haus offers an end-to-end ecosystem of services. These include long term and short term Leasing, property management, maintenance services, mortgages, currency exchange, conveyancing, and bespoke furnishing solutions. About haus & haus Real Estate Group haus & haus is a multi-award winning real estate group founded in 2013 by UK property experts James Perry, Luke Remington and Simon Baker. The leadership team later welcomed Charlie Bannan as Managing Director. With over 400 specialists and thousands of verified 5 star client reviews, the company has grown into one of Dubai's most trusted and respected real estate names. With a client first approach and in-house specialist divisions, haus & haus offers an end-to-end ecosystem of services. These include long term and short term Leasing, property management, maintenance services, mortgages, currency exchange, conveyancing, and bespoke furnishing solutions. Off Plan & Investment at haus & haus For off plan and property investment, haus & haus provides a full spectrum service tailored to investors, end users and first time buyers. The services include property sourcing and selection, financing guidance, yield optimisation and fully managed holiday rentals through haus & haus Holidays. With deep local knowledge and real-time market data, our consultants guide clients through every stage, from pre-launch opportunities to high-yield leasing and long term portfolio growth. Note: The correct name format for the company is haus & haus (lower case letters and '&').
