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The National
a day ago
- Business
- The National
Why Abu Dhabi is becoming more attractive for millionaire investors
Millionaire investors are looking towards Abu Dhabi for long-term investments, according to government data that shows the capital is home to the highest number of luxury property on sale in the UAE. Analysis by real estate developers Bloom Holding found the highest property price growth between 2020 and 2025 was in Abu Dhabi, with the capital having 352 homes for sale valued above $1 million, compared with 343 in Dubai. Abu Dhabi recorded year-on-year growth of 202 per cent in the last five years, with 8,490 properties on sale increasing in value. The capital has 352 homes for sale valued above $1 million, compared with 343 in Dubai. Low taxes and substantial sovereign wealth, along with high living standards, were cited as significant factors in attracting ultra-high-net-worth individuals to choose Abu Dhabi for long-term property investments. Out of the top ten areas in the Emirates reporting the most significant five-year price growth, seven are in Abu Dhabi. While Naseem Villas in Sharjah recorded the highest national property price growth with a staggering increase of 243.27 per cent, Abu Dhabi has two areas in the top three. The first is Remah in Al Ain, which is ranked second with a 241.62 per cent increase, while Zone 12 in Mohamed Bin Zayed City follows in third with 237.90 per cent. A bright future Asad Khan, chief executive of Invest Dubai Real Estate, said Abu Dhabi is becoming a more attractive option for investors. 'With all the government bodies based there, as well as sectors like technology, healthcare, finance and renewable energy all setting up, the bigger players are coming into Abu Dhabi,' he said. 'There's a lot of investment coming into the area, not only from the government but also from the private sector. 'I feel that the future is very, very strong in terms that the entry price is a lot lower in Abu Dhabi – even within the luxury market.' According to the Bloom Holding report that analyses data from online property portals and the Dubai Land Department, Umm Al Quwain has the most expensive average property price in the country at $619 per square metre, followed closely by Dubai at $450 per square metre. 'Abu Dhabi is getting more people coming into that space only because, the entry price is a lot lower,' said Mr Khan. 'You're getting a lot more for your money, both on the commercial side and also on the residential side.' The most expensive place to live, however, is in Abu Dhabi – with Zone 8 of Mohamed Bin Zayed City taking top spot. The capital also has two areas in the top three for property growth. The first is Remah in Al Ain, which is ranked second with a 241.62 per cent increase, followed by Zone 12 in Mohamed Bin Zayed City, which follows in third with a rise of 237.90 per cent. Properties in Al Muroor, Abu Dhabi, have the most million-dollar listings in the UAE, followed by homes in Sheikh Khalifa Bin Zayed Street. Mushrif Villas and Seashore Villas in Rabdan are the other areas in the emirate with the most luxury properties up for sale. One UAE resident looking to invest in Abu Dhabi is Kevin Goodall, who lives in Dubai with his wife and four sons. Mr Goodall sold his IT business last February and moved to Dubai to rent a family villa in Arabian Ranches in August. He has already purchased off-plan in a luxury development in Dubai, but is now looking towards Abu Dhabi for opportunities. 'I will probably be looking to invest around Yas Island or anywhere near where Disneyland is being proposed,' he said. 'Investing in Abu Dhabi is more of a diversification tactic. Obviously it is very different to Dubai, and they've both got very different appeal. 'There are a lot of attractions there like the F1, theme parks and Disney which is definitely appealing. Investing there is more a strategic tactic.' Population growth In a decade, Abu Dhabi's population has grown 51 per cent, rising from 2.7 million in 2014 to over 4.1 million in 2024. In the first three months of 2025, total real estate transactions in Abu Dhabi grew by 34.5 per cent compared with the same period in 2024, climbing from Dh18.82 billion to Dh25.3 billion. Figures from the Abu Dhabi Real Estate Centre showed the number of property deals made in that quarter increased from 5,773 to 6,896. Mortgage transactions also recorded strong growth in Abu Dhabi, reaching Dh9.8 billion through 3,077 transactions – a 49 per cent year-on-year increase. 'Abu Dhabi Vision 2030 is a comprehensive long-term plan that aims to transform the emirate into a diversified, sustainable, and globally integrated economy,' said Arun Bose, director of the International Real Estate & Investment Show that takes place in Abu Dhabi in September. 'At the heart of this vision is real estate development, which plays a pivotal role in shaping the future of urban living, economic growth, and social infrastructure. 'The strategy focuses on creating vibrant, liveable communities supported by smart infrastructure, green spaces, and world-class amenities. 'With investments pouring into mixed-use developments, waterfront districts, cultural hubs, and high-tech business zones, Abu Dhabi is positioning itself as a real estate powerhouse in the region.'
Gulf Business
14-03-2025
- Business
- Gulf Business
Latest pictures: See how RAK's Wynn Al Marjan is shaping up
Image credit: Supplied by Invest Dubai Real Estate (IDRE) Progress on the new Wynn Resort on Al Marjan Island, Ras Al Khaimah, is steadily advancing as per recent images that Gulf Business has obtained. Read more: Wynn Al Marjan Island is located 50 minutes from the Dubai International Airport in the emirate of Ras Al Khaimah and is all set for opening in 2027, according to recent statement from The latest update on the project, which was published last month, indicates that Construction on Wynn Resorts' casino began in early 2023 and will include 1,542 rooms and suites, including 22 private villa estates, a 15,000 sqm shopping esplanade, a five-star spa, and a 7,500 sqm meetings and event centre at a cost of around £3.1bn (Dhs12.4bn). The d The photos posted below reflect how far development on the project has come. Gulf Business has received the latest pictures of the project's progress from Invest Dubai Real Estate (IDRE). Image credit: Supplied by Invest Dubai Real Estate (IDRE) Image credit: Supplied by Invest Dubai Real Estate (IDRE) General Commercial Gaming Regulatory Authority in UAE The The entity was established by Federal Law by Decree and is headquartered in Abu Dhabi. It is the executive authority that holds exclusive jurisdiction to regulate, license, and supervise all commercial gaming activities and facilities in the UAE. The authority also states that any GCGRA's mandate for the casino, which comes under the umbrella of land-based gaming facilities, includes physical establishments that offer a variety of commercial gaming games, such as slots, roulette, blackjack, baccarat, craps, and more. Residential development at the Al Marjan Island The Al Marjan Island in Ras Al Khaimah will also feature around 20 residential developments, according to a statement from IDRE. The brokerage says the stock is set to include off-plan studios, as well as one, two, and three bedroom apartments to be launched from April 2025 onwards. IDRE says at launch of one-bedroom apartments under its portfolio, some of these will be listed at £475.64 per square feet (Dhs2,220) with a final cost of £368,621 (Dhs1,705,000). 'Wynn Al Marjan Island is one of the most exciting building projects happening in the UAE, and IDRE is delighted to be leading the sales of a number of the main residential developments in the area,' Asad Khan, CEO of IDRE, said. 'Every lot was sold months ago because people recognise that Wynn Al Marjan Island has the potential to be the new jewel in the crown of the UAE for aspirational people to work, live, and invest,' Khan added. Highlighted below are concept images from Wynn Resort's Instagram page which shows how it is intended to look once completed. Image credit: wynnalmarjanisland/Instagram Image credit: wynnalmarjanisland/Instagram Image credit: wynnalmarjanisland/Instagram
Express Tribune
11-02-2025
- Business
- Express Tribune
World's highest penthouse in Burj Khalifa listed goes on sale for $51 million
Listen to article Dubai's luxury real estate market has introduced a once-in-a-lifetime opportunity with the listing of the world's highest residence: a 21,000-square-foot duplex penthouse in the iconic Burj Khalifa. The penthouse is now available for $51 million, offering an unparalleled lifestyle with panoramic views of the Dubai skyline, the Arabian Gulf, and the vast desert beyond. Exclusively listed by Invest Dubai Real Estate, this full-floor duplex is the largest residence in Downtown Dubai. The main level boasts 14,000 square feet, while the upper level spans an additional 7,000 square feet. The penthouse features floor-to-ceiling glass windows, providing 360-degree views of the surrounding cityscape. Perched more than 1,300 feet above the ground, it offers one of the most sought-after vantage points in the city. The penthouse is presented as a shell-and-core unit, giving the buyer a blank canvas to create their dream home. With abundant space for luxurious bedrooms, lavish entertaining areas, and custom amenities. Notably, the penthouse includes the only private lift in the Burj Khalifa, providing exclusive access to this extraordinary residence. In addition to the private lift, the penthouse also features a private swimming pool, offering a unique way to enjoy the views while relaxing. Residents of the building will have access to a range of exclusive amenities, including a lounge, fitness centre, Japanese gardens, a spa, fine dining options, and 24-hour concierge services. The property appeals to global investors, royalty, and high-net-worth individuals looking for a unique investment opportunity and a lifestyle unlike any other. Invest Dubai Real Estate, the agency handling the listing, has built a reputation for curating rare and off-market properties. Asad Khan, Founder and CEO of Invest Dubai Real Estate, stated, 'This penthouse is a testament to exceptional luxury and architectural excellence. Owning a residence in the Burj Khalifa is not just about having a home; it's about becoming part of history itself.'
Khaleej Times
10-02-2025
- Business
- Khaleej Times
World's highest penthouse in Burj Khalifa hits Dubai market for $51m
A woman takes a picture of the Dubai skyline with Burj Khalifa, the world's largest building from Creek Harbour on February 5, 2025. — AFP file An extraordinary opportunity has emerged in the realm of luxury real estate: The world's highest residence, a stunning 21,000 square-foot duplex penthouse in the iconic Burj Khalifa, is now on the market for an impressive $51 million. Exclusively listed by Invest Dubai Real Estate, this penthouse represents the pinnacle of opulence and sophistication, offering unparalleled panoramic views and architectural brilliance. Perched over 1,300 feet above the bustling cityscape, this unique full-floor duplex provides breathtaking 360-degree vistas of Dubai, the Arabian Gulf, and the expansive desert. With 14,000 square feet on the main level and an additional 7,000 square feet on the upper level, it holds the title of the largest residence in Downtown Dubai. The penthouse features floor-to-ceiling glass windows, a private swimming pool, and the distinction of being served by the only private lift in the tower. Presented as a shell-and-core unit, this residence offers a blank canvas for potential buyers to create their dream home. With abundant space for lavish entertaining, luxurious bedrooms, and custom amenities, the possibilities for personalization are endless. As the exclusive listing agent, Invest Dubai Real Estate specializes in off-market properties, catering to a discerning clientele that includes global investors, royalty, and high-net-worth individuals. The firm has established a reputation for curating some of the rarest and most sought-after properties, making this penthouse an exceptional offering for those seeking an unrivalled lifestyle in the heart of Dubai. 'This penthouse is a testament to exceptional luxury and architectural excellence,' said Asad Khan, Founder and CEO of Invest Dubai Real Estate. 'Owning a residence in the Burj Khalifa is not just about having a home; it's about becoming part of history itself.' Dubai's luxury real estate market continues to captivate global investors, with demand for ultra-premium properties soaring amid wealth migration, tax advantages, and a growing population of high-net-worth individuals. This penthouse is not merely a residence; it embodies a unique blend of privacy, security, and world-class amenities. Residents will enjoy exclusive access to a lounge, fitness centre, Japanese gardens, spa, fine dining options, and dedicated 24-hour concierge services—all within one of the most prestigious addresses in the world. While record-breaking properties exist around the globe, the Burj Khalifa penthouse stands apart due to its unmatched height and iconic status. This architectural marvel is not only a living space but a globally recognized landmark, making it one of the most coveted properties on the market. At a price tag of $51 million, the penthouse reflects an extraordinary combination of location, luxury, exclusivity, and investment potential—a true masterpiece for those who aspire to live at the very top. issacjohn@
Gulf Business
10-02-2025
- Business
- Gulf Business
Living in the clouds: Dubai's $51m penthouse hits the market
Image credit: Getty Images The world's highest penthouse in the Burj Khalifa is now available for $51m. Located in the world's tallest tower, this penthouse sits 13,000 feet above Dubai. It is an exclusive full-floor duplex with 360-degree views of Dubai, the Arabian Gulf, and the vast desert beyond. Image credit: Supplied photo Report: 'This penthouse is a testament to exceptional luxury and architectural excellence, offering an extraordinary living experience in one of the world's most iconic buildings,' said Asad Khan, Founder and CEO of Invest Dubai Real Estate. 'To own a residence in the Burj Khalifa is not merely about having a home; it's about becoming part of history itself.' Key features of the Burj Khalifa penthouse The main level spans 14,000 square feet, with an additional 7,000 square feet on the upper level. Important: This penthouse is the largest residence in Downtown Dubai, featuring floor-to-ceiling glass windows, a private swimming pool, and the only private lift in the tower. Image credit: Supplied photo This luxurious prospective home is being offered as a shell-and-core unit, providing buyers the opportunity to customise it to their personal tastes. With expansive space for grand gatherings, luxurious bedrooms, and expansive living areas, this 'residence in the clouds' comes with amenities tailored to its future residents. Must attend: While there are many exceptional properties around the world, this Burj Khalifa penthouse stands apart due to its unparalleled height and location in one of the most iconic towers globally. The penthouse would also offer its buyer access to an exclusive lounge, fitness centre, Japanese gardens, spa, fine dining, and dedicated 24-hour concierge services, all within one of the most prestigious addresses in the world.
