Latest news with #RiyadMagdy
Arabian Business
08-07-2025
- Business
- Arabian Business
Abu Dhabi real estate: 5 trends driving the market as prices rise up to 35%
Abu Dhabi's real estate market has entered a pivotal phase in 2025, with residential property prices rising by up to 35 per cent and investor sentiment surging amid landmark infrastructure and lifestyle developments. According to Oia Properties, H1 2025 marked a 'defining chapter' for the emirate—one where vision has transformed into action. Riyad Magdy, Founder and Chairman of Oia Properties, said: 'While others talk about future potential, we feel strongly that the moment has presented itself. Whether it's new global partnerships, transport infrastructure, or sustainability-led communities, the vision is no longer abstract. It's concrete, funded, and under construction. 'Abu Dhabi has proven itself to be stable, secure, and increasingly sophisticated. These aren't speculative spikes, we're witnessing a market maturing in real time.' Abu Dhabi H1 2025 residential market highlights Price growth: Average price per square foot increased by 10–35 per cent year-on-year, driven by strong activity in communities such as Saadiyat Island, Yas Island, Al Reem, Al Raha Beach, and Al Hudayriyat Island Off-Plan Sales: Rose at a similar rate to ready property sales, signalling robust long-term confidence Oia Properties identified five trends reshaping Abu Dhabi's future real estate sector. From future transport to entertainment mega-projects these are the developments taking the city from vision and into execution. Disneyland Abu Dhabi: The first Disneyland in the Middle East will cement Abu Dhabi's status as a family-friendly lifestyle destination, driving demand for second homes and community-centric developments. Joby electric air taxis (eVTOL): Set to launch by 2026, these electric aircraft will cut travel time between Dubai and Abu Dhabi to just 20 minutes, creating new residential corridors and revolutionising commuter patterns Etihad Rail connectivity: The soon-to-be-completed Etihad Rail will connect Abu Dhabi to key UAE cities, making outer developments more accessible and attractive for residents and investors Rise of branded residences: Global luxury names like Ritz-Carlton, Nobu, and Six Senses are launching branded homes in Abu Dhabi, reflecting growing appeal among ultra-high-net-worth individuals (UHNWIs) Sustainability-led developments: Wellness-focused and ESG-compliant communities are outperforming traditional builds. Al Fahid Island, for example, has become the first island in the world to receive Fitwel certification and LEED Cities and Communities Platinum pre-certification
Zawya
08-07-2025
- Business
- Zawya
Oia Properties releases H1 2025 insights: H1 2025 marked 'Tipping Point' for Abu Dhabi real estate investment
The 'Future is Now' for investors with global partnerships, transport advancements and sustainability breakthroughs Oia Properties picks its best residential investment opportunities for summer 2025 Abu Dhabi, UAE – Abu Dhabi's real estate market has entered a defining chapter. As the Emirate closed H1 2025 with exceptional growth and visionary infrastructure announcements, Oia Properties, the capital's leading residential real estate agency, points to now as being the time for investors to act. H1 2025 witnessed strong demand across secondary, ready and off-plan residential sales, accompanied by major announcements over government-backed mega initiatives, and a growing appetite from regional and international investors. Abu Dhabi is now firmly in the spotlight, with future growth on the horizon. 'We believe H1 2025 marks a tipping point for Abu Dhabi,' said Riyad Magdy, Founder and Chairman, Oia Properties. 'While others talk about future potential, we feel strongly that the moment has presented itself. Whether it's new global partnerships, transport infrastructure, or sustainability-led communities, the vision is no longer abstract. It's concrete, funded, and under construction.' He continues, ''Abu Dhabi has proven itself to be stable, secure, and increasingly sophisticated. These aren't speculative spikes, we're witnessing a market maturing in real time.' H1 2025, Residential Real Estate Performance Recap: H1 2025 recorded a robust increase in residential transactions across key communities including Saadiyat, Yas Island, Al Reem, Al Raha Beach and Al Hudayriyat Island, with major new launches including Al Fahid Island. According to Oia Properties' data, average prices per square foot have risen between 10-35 %, year-on-year, while off-plan sales have also risen a similar level compared to H1 2024, signalling deep confidence in long-term real estate asset value. Rental yields remained strong, particularly in mid to high-end communities, as population growth and job creation continues across professional sectors. Average apartment and villa rental prices are expected to continue to grow in the second half of the year. Five Trends That Signal Abu Dhabi's Real Estate Future Has Arrived From future transport to entertainment mega-projects, Abu Dhabi has moved beyond vision and into execution. Oia Properties highlights five transformational trends redefining the investment landscape: Disneyland Abu Dhabi The announcement of Disneyland, the first in the Middle East, positions Abu Dhabi as the region's most family-focused destination and drives demand for second homes and lifestyle-led communities. Joby Electric Air Taxis Electric vertical take-off aircraft (eVTOL) will cut travel between Dubai and Abu Dhabi to 20 minutes by 2026, opening new residential corridors and reshaping commuter behaviour. Etihad Rail Activation With construction progressing steadily, Etihad Rail will soon link Abu Dhabi to the UAE's key economic hubs, making outer developments more accessible and desirable. Branded Residences on the Rise Luxury operators like Ritz-Carlton, Nobu, and Six Senses are entering Abu Dhabi, marking the city's growing appeal among global UHNWIs. Sustainability & Wellness Developments built around wellness, sustainability, and ESG credentials are outperforming their peers, including the recent launch of Al Fahid Island, the first island in the world to receive Fitwell certification and LEED Cities and Communities Platinum pre-certification. Projects to Watch: Where Smart Capital Is Moving This Summer Oia Properties identifies its pick of standout residential projects that reflect Abu Dhabi's investment momentum and future-forward planning: Al Fahid Island: A recent launch from Aldar with world-class eco credentials, with strong long-term potential as Abu Dhabi's next high-end enclave Saadiyat Lagoons: A flagship eco-luxury community surrounded by mangroves and designed for nature-connected living. Al Hudayriat Island: Fast emerging as the capital's active lifestyle destination, combining sport, wellness and waterfront living – with government-led infrastructure on the horizon Yas Golf Collection: Overlooking Yas Links, this development appeals to those eying strong rental return from the capital's tourism sector. Bayn by Ora: Bringing global design credentials and modern elegance to the residential scene, fast attracting discerning regional and international buyers. Nobu Residences Abu Dhabi: A first-of-its kind branded development combing culinary prestige with beachfront luxury.
ME Construction
01-07-2025
- Business
- ME Construction
Oia Properties expands presence with new Office in Abu Dhabi
Industry News Oia Properties expands presence with new Office in Abu Dhabi By Oia Properties' new office at Soho Square, Saadiyat, will enable its global client service by providing in-depth knowledge of the local real estate market, particularly in Saadiyat, it has also emerged as a hub for Foreign Direct Investment this year Oia Properties has opened a new office in Saadiyat, Abu Dhabi. The expansion marks the company's second location in the capital and its fourth in the UAE. Oia Properties has been a driving force in the real estate industry since its inception in 2021, and its success is evident in its growing team, which now exceeds 250, said the firm. The company's commitment is to provide clients with local insight and expertise in Abu Dhabi, particularly in Saadiyat. Saadiyat, Abu Dhabi's sought-after residential district, continues to attract significant foreign investment, the company explained. Oia Properties' new office at Soho Square, Saadiyat, will enable its global client service by providing in-depth knowledge of the local real estate market, particularly in Saadiyat. Saadiyat has emerged as a hub for Foreign Direct Investment (FDI) this year, with its growth projected to reach as much as 125% year-on-year, as reported recently. This growth is fueled by ongoing new developments, such as Al Fahid Island, and exciting cultural and leisure announcements, including the highly anticipated Disneyland, a statement from Oia Properties outlined. 'Our new office in Saadiyat will enhance our ability to connect clients with the best investment opportunities in this proven and highly popular area,' said Riyad Magdy, Founder, at Oia Properties. 'Saadiyat is not just a beautiful location, it represents a unique blend of luxury living, culture, and investment potential. We have been encouraged about the sharp rise in foreign and local investment into Abu Dhabi's real estate market over the past 12 months, which illustrates growing global trust in the capital's real estate policies, including Golden Visas, guaranteed ownership rights and regulatory transparency.' Saadiyat, known for its unique blend of luxury living and cultural richness, remains an attractive destination for investors seeking to capitalise on Abu Dhabi's growth. The ongoing and planned projects across mainstream and off-plan markets are fueled by demand, attracting both end users and investors. As part of its commitment to client success, the Oia Properties team has compiled a list of the top ten off-plan investment opportunities in Saadiyat, which are currently generating significant attention, the statement concluded.
Arabian Business
29-05-2025
- Business
- Arabian Business
Disneyland Abu Dhabi triggers real estate shift: Price moves, investor interest and new hotspots identified
Disney recently announced a theme park in Yas Island, Abu Dhabi, marking its seventh destination globally. According to real estate experts, the announcement is already positively impacting the capital's property market. While the project is years from completion, early signs point to growing investor interest, increased inquiries for off-plan units, and early price adjustment discussions. 'Even for an established, world-class tourism and leisure hub, Yas Island's recent announcement of Disneyland Abu Dhabi is a major touristic coup, and yet another reason why Yas is one of Abu Dhabi's most dynamic residential investment destinations. The news has put Yas firmly in the spotlight and immediately boosted investor confidence in this world-class destination,' Riyad Magdy, Chairman and Founder, Oia Properties, said in an exclusive interview with Arabian Business. Abu Dhabi real estate boom According to recent market data, Abu Dhabi real estate has already been on a growth trajectory prior to Disney's announcement, with April transactions up 15.7 per cent from March, reaching AED 2.9 billion (£615 million), however, a noticeable increase in interest was observed in the week following the announcement. 'There's definitely a growing buzz and a noticeable uptick in interest over the past week. and are confident in the short medium and long-term interest in Yas – and surrounding areas,' Magdy said. Amid rising investor interest in Abu Dhabi's real estate sector, the off-plan segment saw a significant boost. In April, the off-plan sector accounted for over 70 per cent of transactions in locations including Yas Island, Saadiyat Island, and Al Jubail Island. 'Disneyland will have a positive and far-reaching impact on Abu Dhabi as a whole, most notably lifting sentiment on Yas Island and boosting interest in off-plan projects, but also reaching into all surrounding areas in mainland Abu Dhabi. It will also add impetus to new emerging areas such as Zayed City,' Magdy explained. Additionally, the short-term and long-term rental market is also set to benefit from the uptick. In April, over 18,000 rental transactions totalling AED 1.3 billion was recorded. Experts anticipate that Disneyland Abu Dhabi will further boost this number. 'Yas has always been popular for residential investors looking for short-term rentals – the integration of premium residences, plus the existing exhilaration from Ferrari World and Yas Marina Circuit makes the island uniquely appealing, especially with limited hotel inventory. We are seeing increasing traction from those looking for ROI in short-term lettings and vacation rentals,' he said. . 'Disneyland will be a game-changer for Abu Dhabi's property landscape. We predict increased property demand on Yas Island and nearby areas, with buyers seeking high-quality, future-oriented homes,' said Nada Jaouhar, Abu Dhabi Branch Director at Betterhomes. According to the Savills Abu Dhabi Residential Market in Minutes – Q1 2025 report, the Abu Dhabi real estate market is supported by sustained demand, new supply and the emirate's growing international appeal. Average sales rates across the market increased from AED 14,100 ($3,840) per sqm in Q1 2024 to AED 16,200 ($4,410) per sqm in Q1 2025, a 13.4 per cent increase year on year. Although experts believe that it is still early to predict a significant shift in behaviour there is already visible attention from real estate enthusiasts. 'The news cycle has tended to favour Dubai in terms of scale and volume of real estate and tourism announcements, but Disney's endorsement of Abu Dhabi is a major milestone and one that reminds us all of the significant achievements the emirate has made with its own tourism ambitions and destination marketing campaign,' Magdy said. However, the impact is expected to scale beyond the real estate sector, experts believe that hospitality brands will also flock in to cater to the rising demand. 'I predict that hospitality brands will compete for a property on, or surrounding Yas, enhancing Abu Dhabi's hotel inventory, which is smaller when compared to the saturated nature of Dubai's,' he explained. Developments including Etihad Rail further support Abu Dhabi's increased recognition as an international hotspot, providing accessibility and convenience from all the Emirates. The rail's passenger service is expected to launch in 2026, slashing travel time between Dubai and Abu Dhabi to just 30 minutes. For investors looking to tap into Abu Dhabi's real estate market, experts advise consulting with trusted and experienced industry advisors. 'Consulting a trusted real estate advisor is essential for investors eyeing opportunities ahead of Disneyland Abu Dhabi's debut. A qualified expert can help analyse transaction history, price trends, and pinpoint high-growth zones like Yas Island, where property values are expected to rise significantly. They can also guide buyers and investors through off-plan options and projected rental yields to help structure their investment wisely,' Magdy concluded.
Gulf News
28-04-2025
- Business
- Gulf News
In Dubai property, first-time home buyers are driving growth in 2025
Dubai: First-time property buyers are making their presence felt in Dubai over the first four months –they could well be what the market needs to sustain the growth story through the rest of 2025. The first-timers' presence is showing up in developers' sales records, with data showing them to be younger and being residents in the UAE for 3-5 years before taking the decision to buy a home. 'Where it used to be 10-15 years before residents thought of buying a property in Dubai, newer residents are coming in much earlier,' said an estate agent. 'The 2021-22 Dubai property boom was set off by these long-term residents – now, the market is getting the 'short-termers' turning homeowners. In earlier times, you still had to convince many long-timers to buy a property here – these days, new residents in Dubai are thinking how long to wait before they buy.' (The same trend is visible in Abu Dhabi and Sharjah real estate too, market sources add.) With visionary policies, a dynamic economy, and unmatched quality of life, Dubai has created an environment where first-time buyers feel empowered to invest, live, and grow. Dubai's real estate evolution is giving first-time buyers more than just keys to a property—it's giving them ownership of a lifestyle and a future. Throw into the mix the steady stream of overseas investors wanting to park their investments in the UAE through property buys or other assets, it gives the Dubai and wider UAE property market the cushion to see off the geopolitical turmoil. And hopefully, add more fuel to the growth engine that's been the Dubai property market for five years now.) Developers have been quick to spot opportunities with first-time buyers. Their sales talk has been tweaked to give more emphasis to this group rather than just wait for investors wanting to buy a unit and then place it in the rental market. When it comes to the projects, developers are setting them up in emerging parts of the city. Attention is also being given to the apartment sizes and amenities within – if these buyers are not looking for bigger built-up areas, then so be it. More units around the 1,000-1,200 square foot built-up are available in the market. All that potential buyers need to do is look. These details also effectively lower the cost of entry for first-time buyers. (Developers are also going all in on the 'wellness' part of what they are offering beyond the actual buildings and homes too.) It seems to be paying off. Sweet spot on pricing "We've seen a noticeable surge in first-time buyers in their thirties (so far) this year, up by an estimated 25%,' said Riyad Magdy, Chairman of Oia Properties. '(They're') each investing between Dh1.2 million to Dh3 million. 'We put this trend down to increased access to home loans and growing confidence in the investment potential of the Emirates. 'These are residents who are now looking to build lives and families here - mainly Indians and Brits, with some Chinese and Egyptians starting to get in on the act.' Steady on the mortgages Apart from the developer incentives, the other major factor driving first-timers into the property market is the relative ease of access to mortgages. Sure, interest rates have not dropped as much as any had been expecting by now – but that's OK. 'Fixed mortgage rates in the UAE have remained largely stable over the past year, with current rates starting at around 4% for a 3-year fixed period,' said Haider Qureshi, Managing Director of Amity Mortgages. 'This rate stability is offering end-users financial predictability. In Q1-2025 alone, the total value of rental transactions rose by 19% quarter-on-quarter — a trend that's pushing many tenants to consider mortgages as a smarter long-term investment. 'Additionally, more lenders are now expanding their offerings to include mortgage products for non-resident buyers.' All of which adds up nicely in keeping the property growth rates going. Even if the numbers have stabilized from the turbo-charged levels of 2023-24. If the rest of 2025 sees first-timers as active as they were in the first four months, developers have the pool of buyers they need for the new launches and projects that are being delivered. 'Every year after 2021, the Dubai property market keeps asking how long can the growth last,' said the estate agent. 'Each year delivered its own dynamics, like the rush of end-users in 2021-22 and Golden Visas in 2023-24.
