Latest news with #Whitewill
Arabian Business
07-07-2025
- Business
- Arabian Business
Oman real estate: Whitewill expands into property market as foreign investment grows
International luxury real estate agency Whitewill has expanded its operations into Oman, establishing a presence in one of the Gulf's emerging property markets as the country attracts growing foreign investment. The firm first began building its operations in Oman in 2023 and established a dedicated office and team of brokers in Muscat by 2024 following increased investor demand. Luxury real estate firm enters Oman The expansion marks a strategic milestone in Whitewill's regional growth as it positions itself to serve investors and end-users seeking opportunities in Oman's developing real estate sector. The country's property market has gained attention from global investors as the country undergoes economic diversification supported by the government's Vision 2040 strategy. The nation's stable economy, increasing foreign investment, and policies allowing foreign nationals to acquire freehold property have contributed to this growth. Svetlana Politova, CEO of Whitewill Real Estate in Oman and Abu Dhabi, said: 'At Whitewill, we are proud to be at the forefront of introducing Oman's promising real estate market to global investors. Our focus on Muscat and Salalah reflects a deep understanding of what drives long-term value, combining solid economic fundamentals with exceptional lifestyle and tourism offerings.' Whitewill operates in Muscat and Salalah, the only regions in the Sultanate where Integrated Tourism Complex (ITC) zones permit full freehold ownership for foreign investors. Muscat attracts long-term investors seeking capital growth due to its modern infrastructure, administrative significance, and international connectivity. Salalah appeals to investors focused on lifestyle-driven, rental-yield properties with its landscapes and year-round appeal to Gulf and European tourists. Since entering the Omani market, Whitewill has sold hundreds of property units with an upward range of OMR 300,000. The firm's client base includes international investors, expatriates, and regional buyers, including high-net-worth investors from the GCC, Europe, and India. Demand remains strong for holiday homes, rental units, and investment properties in the Sultanate's waterfront and master-planned communities. The agency's portfolio in Oman includes over 30 projects from developers such as DarGlobal, SDIC, Muriya by Orascom, Eagle Hills, Saraya Bandar Jissah SAOC, and Al Mouj. The firm also collaborates with local developers including Alargan Towell, Maysan Properties, and Ideal Building Development. Many of these projects benefit from the involvement of Omran Group, the government's development arm. Projects include AIDA by DarGlobal, a master-planned community on a coastal plateau offering villas, townhouses, apartments, branded residences, hotels, and the Trump Golf Club. The Sustainable City Yiti, led by SDIC, is Oman's flagship eco-community, blending sustainable technologies with residential, hospitality, retail, and educational facilities. Upcoming projects include an ultra-luxury beachfront community on Yiti Beach and an ITC development in Muttrah, Muscat's historic centre, both expected to generate investor interest. 'By partnering with the most reputable developers and establishing a local presence, we ensure our clients gain exclusive access to Oman's best projects. Looking ahead, we are committed to helping shape the future of real estate in Oman, creating investment opportunities that respect its heritage while meeting modern expectations,' Politova added. Whitewill sees Oman as a long-term growth market for real estate. With the government expanding ITC zones and global developers entering the market, new opportunities are emerging in Muscat and Salalah, as well as in Musandam, Duqm, and the country's mountainous tourism hubs. The company plans to support this growth by advising developers, tailoring products to investor expectations, and promoting Oman internationally through roadshows, webinars, and targeted events in key global markets. With a multinational team, Whitewill positions itself to serve its international clientele and cement its role as a partner for investors seeking real estate opportunities in the Sultanate.
Zawya
07-07-2025
- Business
- Zawya
Whitewill expands operations to Oman, strengthening regional real estate presence
Muscat, Oman: Whitewill, the international luxury real estate agency, has officially expanded its footprint into Oman, marking a strategic milestone in the agency's regional growth. This positions the firm to meet the increasing demand from investors and end-users seeking opportunities in one of the Gulf's most promising emerging real estate markets. The decision to enter Oman comes as the country undergoes a period of accelerated economic diversification, supported by the government's Vision 2040 strategy. With a stable economy, increasing foreign investment, and progressive policies allowing foreign nationals to acquire freehold property, Oman has rapidly gained attention among global investors. Whitewill began building its Omani operations in 2023, and by 2024, investor demand had grown so significantly that the firm established a dedicated office and team of brokers in Muscat. "At Whitewill, we are proud to be at the forefront of introducing Oman's promising real estate market to global investors," said Svetlana Politova, CEO of Whitewill Real Estate in Oman and Abu Dhabi. "Our focus on Muscat and Salalah reflects a deep understanding of what drives long-term value, combining solid economic fundamentals with exceptional lifestyle and tourism offerings. By partnering with the most reputable developers and establishing a local presence, we ensure our clients gain exclusive access to Oman's best projects. Looking ahead, we are committed to helping shape the future of real estate in Oman, creating investment opportunities that respect its heritage while meeting modern expectations." Whitewill is already operational in Muscat and Salalah, the only regions in Oman where Integrated Tourism Complex (ITC) zones permit full freehold ownership for foreign investors. Muscat, with its modern infrastructure, administrative significance, and international connectivity, appeals to long-term investors seeking capital growth. Salalah, known for its lush green landscapes and year-round appeal to Gulf and European tourists, offers an attractive option for investors focused on lifestyle-driven, rental-yield properties. Since entering the Omani market, Whitewill has successfully sold hundreds of property units with an upward range of OMR 300,000. The firm's client base spans international investors, expatriates, and regional buyers, including high-net-worth investors from the GCC, Europe, India and more. Demand is particularly strong for holiday homes, rental units, and investment properties in Oman's premium waterfront and master-planned communities. The agency's portfolio in Oman includes over 30 projects from globally recognized and trusted developers such as DarGlobal, SDIC, Muriya by Orascom, Eagle Hills, Saraya Bandar Jissah SAOC, and Al Mouj. The firm also collaborates with respected local developers, including Alargan Towell, Maysan Properties, and Ideal Building Development. Many of these projects benefit from the involvement of Omran Group, the government's development arm, further enhancing investor confidence. Among the standout developments are AIDA by DarGlobal, a luxury, master-planned community perched on a coastal plateau offering villas, townhouses, apartments, branded residences, hotels, and the Trump Golf Club. The Sustainable City Yiti, led by SDIC, is Oman's flagship eco-community, blending sustainable technologies with residential, hospitality, retail, and educational facilities. Upcoming projects include an ultra-luxury beachfront community on Yiti Beach and an exclusive ITC development in Muttrah, Muscat's historic centre, both expected to generate significant investor interest. Looking ahead, Whitewill sees Oman as a long-term growth market for real estate. With the government expanding ITC zones and global developers entering the market, new opportunities are emerging not only in Muscat and Salalah but also in Musandam, Duqm, and Oman's mountainous tourism hubs. The company is committed to supporting this growth by advising developers, tailoring products to investor expectations, and promoting Oman internationally through roadshows, webinars, and targeted events in key global markets. With a multinational team, Whitewill is well-positioned to serve its international clientele and further cement its role as a trusted partner for investors seeking high-quality real estate opportunities in Oman. About Whitewill Real Estate Agency Whitewill Real Estate Agency, founded in 2016 by Oleg Torbosov, has swiftly ascended as a high-end leader in the real estate market, focusing on people and technology to achieve unparalleled success. With over 500 dedicated employees worldwide, Whitewill specialises in the sales of apartments and villas within modern housing developments, particularly in Dubai, working alongside prominent developers like Emaar Properties and Damac Properties. The agency boasts over 450 residential sites in its portfolio, over 150 brokers, and a comprehensive approach that includes a unique training system for brokers, an internal quality control department, and a robust partner network of more than 6,000 agents globally. Whitewill's commitment to innovation, quality, and customer satisfaction has positioned it as a pivotal player in international real estate, catering to high-net-worth individuals with a diverse range of services, from property sales to comprehensive after-sale support.
Web Release
07-07-2025
- Business
- Web Release
Whitewill Expands Operations to Oman, Strengthening Regional Real Estate Presence
Whitewill , the international luxury real estate agency, has officially expanded its footprint into Oman, marking a strategic milestone in the agency's regional growth. This positions the firm to meet the increasing demand from investors and end-users seeking opportunities in one of the Gulf's most promising emerging real estate markets. The decision to enter Oman comes as the country undergoes a period of accelerated economic diversification, supported by the government's Vision 2040 strategy. With a stable economy, increasing foreign investment, and progressive policies allowing foreign nationals to acquire freehold property, Oman has rapidly gained attention among global investors. Whitewill began building its Omani operations in 2023, and by 2024, investor demand had grown so significantly that the firm established a dedicated office and team of brokers in Muscat. 'At Whitewill, we are proud to be at the forefront of introducing Oman's promising real estate market to global investors,' said Svetlana Politova, CEO of Whitewill Real Estate in Oman and Abu Dhabi. 'Our focus on Muscat and Salalah reflects a deep understanding of what drives long-term value, combining solid economic fundamentals with exceptional lifestyle and tourism offerings. By partnering with the most reputable developers and establishing a local presence, we ensure our clients gain exclusive access to Oman's best projects. Looking ahead, we are committed to helping shape the future of real estate in Oman, creating investment opportunities that respect its heritage while meeting modern expectations.' Whitewill is already operational in Muscat and Salalah, the only regions in Oman where Integrated Tourism Complex (ITC) zones permit full freehold ownership for foreign investors. Muscat, with its modern infrastructure, administrative significance, and international connectivity, appeals to long-term investors seeking capital growth. Salalah, known for its lush green landscapes and year-round appeal to Gulf and European tourists, offers an attractive option for investors focused on lifestyle-driven, rental-yield properties. Since entering the Omani market, Whitewill has successfully sold hundreds of property units with an upward range of OMR 300,000. The firm's client base spans international investors, expatriates, and regional buyers, including high-net-worth investors from the GCC, Europe, India and more. Demand is particularly strong for holiday homes, rental units, and investment properties in Oman's premium waterfront and master-planned communities. The agency's portfolio in Oman includes over 30 projects from globally recognized and trusted developers such as DarGlobal, SDIC, Muriya by Orascom, Eagle Hills, Saraya Bandar Jissah SAOC, and Al Mouj. The firm also collaborates with respected local developers, including Alargan Towell, Maysan Properties, and Ideal Building Development. Many of these projects benefit from the involvement of Omran Group, the government's development arm, further enhancing investor confidence. Among the standout developments are AIDA by DarGlobal, a luxury, master-planned community perched on a coastal plateau offering villas, townhouses, apartments, branded residences, hotels, and the Trump Golf Club. The Sustainable City Yiti, led by SDIC, is Oman's flagship eco-community, blending sustainable technologies with residential, hospitality, retail, and educational facilities. Upcoming projects include an ultra-luxury beachfront community on Yiti Beach and an exclusive ITC development in Muttrah, Muscat's historic centre, both expected to generate significant investor interest. Looking ahead, Whitewill sees Oman as a long-term growth market for real estate. With the government expanding ITC zones and global developers entering the market, new opportunities are emerging not only in Muscat and Salalah but also in Musandam, Duqm, and Oman's mountainous tourism hubs. The company is committed to supporting this growth by advising developers, tailoring products to investor expectations, and promoting Oman internationally through roadshows, webinars, and targeted events in key global markets. With a multinational team, Whitewill is well-positioned to serve its international clientele and further cement its role as a trusted partner for investors seeking high-quality real estate opportunities in Oman.
Arabian Business
21-06-2025
- Business
- Arabian Business
UAE real estate: 6 major hotspots to invest in right now, delivering 9% returns
The UAE's real estate sector recorded transactions worth over AED 239 billion (approximately $65 billion) in the first quarter of 2024, according to official figures. Property consultancy Whitewill has identified six locations drawing investor attention during the summer period. According to the analysis, the market favours projects combining lifestyle, location, and financial returns. 1. Dubai Creek Harbour Dubai Creek Harbour continues to generate demand from buyers seeking waterfront properties with access to Downtown Dubai. The development features master-planned waterfront living with green spaces and views of the Dubai Creek Tower. Waterfront apartments in the area start at AED1.45 million, whilst luxury villas exceed AED5 million. The location delivers rental yields between 6 per cent and 6.8 per cent with consistent appreciation rates. The Albero at Green Gate development by AHAD represents a low-rise project within the high-rise zone, offering landscaped privacy and smart layouts designed for end-users. 2. Al Marjan Island Al Marjan Island in Ras Al Khaimah has experienced increased demand, particularly ahead of the upcoming Wynn Resort development. The resort will transform the area into a hospitality hub with gaming and entertainment facilities. Property prices begin at AED585,000 for apartments, with ultra-luxury homes reaching AED30 million and above. The location provides rental yields of 8 per cent to 9 per cent and above, with some areas recording over 20 per cent year-on-year appreciation. SORA by AARK exemplifies current developments with hotel-style amenities, sea views, and curated interiors. 3. Business Bay Business Bay continues attracting buyers focused on income-generating assets in central Dubai. The area combines proximity to the Dubai International Financial Centre and Downtown Dubai with access to the Dubai Canal. Studios and one to two-bedroom apartments average AED1.4 million, delivering yields between 6 per cent and 7 per cent with strong resale demand. The Waldorf Astoria Residences provides a branded address combining high-end services with practical living standards. 4. Abu Dhabi Yas Island Yas Island in Abu Dhabi draws buyers seeking leisure amenities alongside family appeal and short-stay rental opportunities. The island features theme parks, golf courses, marinas, and cultural attractions within a planned residential setting. Villas average AED 4.5 million, with apartments priced between AED1.2 million and AED3.8 million. Yields remain steady at 6.5 per cent to 7 per cent. The Waldorf Astoria Yas Island offers waterfront living backed by a hospitality brand. 5. Dubai South Dubai South attracts investors seeking affordability aligned with UAE infrastructure development. The location sits near the planned Al Maktoum Airport International Airport expansion, logistics hubs, and Expo 2020 legacy infrastructure. Off-plan units start at AED 800,000, with projected value growth of 15 per cent to 25 per cent by 2030 and rental returns between 6 per cent and 8 per cent. Al Waha in Expo City features a wellness-focused, car-free community design in the innovation hub. 6. Jumeirah Village Circle Jumeirah Village Circle (JVC) remains popular with buyers seeking strong yields without compromising lifestyle elements. The area provides rental income and resident satisfaction. Apartments begin at AED 650,000 and entry-level villas at AED 1.6 million, offering yields between 7 per cent and 8.6 per cent. Consistent rental demand makes the district suitable for first-time investors. Havelock Heights by HMB delivers boutique living with rooftop amenities and rental potential. 'While each area is unique, Al Marjan Island and Dubai South hold exceptional long-term promise. The former is becoming the UAE's entertainment capital with hospitality-led growth, while the latter is powered by airport expansion, creating a foundation for sustained capital growth and end-user migration. Both represent early-stage opportunities in rapidly maturing ecosystems—a perfect fit for investors with vision. While Dubai Creek Harbour and Yas Island remain strong lifestyle markets, the real long-term multiplier effect will come from assets in these high-conviction, underpenetrated districts where supply is still limited and strategic government investment is ongoing,' Whitewill said in a statement.
Khaleej Times
21-06-2025
- Business
- Khaleej Times
UAE: Top 6 property hotspots to invest in this summer
With the UAE temperature rising, so is the appetite for investors looking for real estate hotspots. The country's real estate market remains active all year‑round — with transactions reaching more than Dh239 billion in the first three months of 2024 alone, and investors looking for projects that combine lifestyle, location, and financial upside. Whitewill, a luxury real estate agency, shared with Khaleej Times a list of strategic locations that have long-term value, vision, and seasonal appeal — from branded beachfront escapes to smart city zones. Al Marjan Island, Ras Al Khaimah With more investors prioritising coastal living, Al Marjan Island is experiencing a surge in demand, especially with the upcoming Wynn Resort transforming the area into a hospitality hub. It has direct beachfront access and the rare opportunity to own a branded residence beside a future integrated gaming and entertainment destination. Apartments begin at Dh585,000, with ultra-luxury homes priced up to more than Dh30 million. Investors can expect between 8 and 9+ per cent rental yields and more than 20 per cent YoY (year-on-year) appreciation in some enclaves. It is good to note that Ras Al Khaimah International Airport recently announced significant expansion with a new 30,000 sqm terminal to boost tourism as the emirate eyes three million travellers. The expansion of the RAK Airport is seen by industry leaders as big boost to the emirates' tourism, especially those coming from India, China and Western Europe. Business Bay In a market where short-term rental returns drive demand, Business Bay continues to attract buyers looking for income-generating assets in the city centre. Its strongest draw is the fusion of location and luxury, with proximity to DIFC (Dubai International Financial Centre) and Downtown Dubai, with Dubai Canal weaving its way through. Studios and 1–2BR apartments average Dh1.4M, delivering 6–7 per cent yields and strong resale demand. Among standout offerings is the Waldorf Astoria Residences — a branded address that blends high-end services with everyday practicality. The project 'Gateway to Business Bay' was also recently announced, adding another striking new landmark to Dubai when the project is completed in 2029. The 48-storey Lumena Tower by Omniyat is a flagship commercial development strategically positioned on Sheikh Zayed Road, at the intersection of Business Bay and Downtown Dubai. It will have an open-air Sky Theatre, a first-of-its-kind entertainment and event space located at the top of a commercial tower. Dubai Creek Harbour Demand is consistently rising for communities that combine prestige, proximity, and waterfront serenity, and Dubai Creek Harbour checks all those boxes. The star feature here is its master-planned waterfront living, enhanced by green spaces and direct views of the Dubai Creek Tower. Waterfront apartments start at Dh1.45 million, while luxury villas exceed Dh5 million. With rental yields of 6–6.8 per cent and consistent appreciation, the area balances luxury with long-term potential. Dubai Creek Harbour is a favourite among buyers seeking a premium lifestyle with investment upside, noted Whitewill. Yas Island, Abu Dhabi In the Capital, investors are eyeing Yas Island for its unique blend of leisure, family appeal, and short-stay rental potential. The island's standout quality lies in its lifestyle proposition, from theme parks and golf to marinas and cultural hotspots, all within a well-planned residential setting. Villas average Dh4.5 million, with apartments priced between Dh1.2 million and Dh3.8 million. There is also Waldorf Astoria Yas Island that offers waterfront premium hospitality brand, making it an attractive asset for both use and investment. A big announcement early this year was made by Yas Waterworld Abu Dhabi with the introduction of new attractions this summer, including 12 new rides and slides, in addition to new dining offerings. Dubai South Investors are increasingly drawn to Dubai South for its affordability and alignment with the UAE's infrastructure vision. As a future-ready hub near the upcoming Al Maktoum International Airport expansion, logistics hubs, and the Expo 2020 legacy infrastructure, its core appeal lies in early-mover advantage and the opportunity to ride the wave of long-term growth. Whitewill noted there is a strong uptake in off-plan units starting at Dh800,000, with a projected 15–25 per cent value growth by 2030 and rental returns of 6–8 per cent. Industry experts earlier said, property prices in Dubai South are forecast to increase by a further 15-20 per cent in the near term, as the Dh128 billion ($35 billion) expansion of Al Maktoum International Airport in Dubai South is fuelling a major real estate boom in the area, data shows. According to data from Betterhomes, property transactions in the area have already exceeded Dh15 billion in the first five months of 2025. The neighbouring Expo City, meanwhile, exemplifies the area's appeal with a wellness-first, car-free community design in the city's innovation hub, tailored for a new generation of buyers. Jumeirah Village Circle (JVC) Known among residents as affordable, accessible, and increasingly design-driven, JVC remains a go-to for buyers seeking strong yields without compromising on lifestyle. The area's main pull is its ability to deliver rental income and resident satisfaction. Road access has also recently significantly improved. Apartments start at Dh650,000 and entry-level villas at Dh1.6 million, offering 7–8.6 per cent yields. The district's consistent rental demand makes it ideal for first-time investors.
