Latest news with #residentialsales
Zawya
15-07-2025
- Business
- Zawya
Dubai's Residential Real Estate Market surges in Q2 2025: Transaction volumes and average prices see notable growth
Dubai, UAE – Dubai's property market is showing no signs of slowing down. The city has posted its highest-ever second quarter in terms of residential sales volume and value, reaffirming its global standing as a prime real estate destination. According to the latest market report released by Provident Estate, Q2 2025 witnessed 49,606 residential sales transactions, up by 22% from Q2 2024 and a striking 82% surge compared to Q2 2023. This explosive growth reflects a sustained appetite from both local buyers and global investors looking to secure assets in one of the world's most dynamic property markets. Total sales reached a staggering AED 147.6 billion, climbing from AED 103.9 billion in Q2 2024 and AED 70.2 billion in Q2 2023. The average sale price also saw an impressive rise to AED 2.97 million, while the price per sq ft increased to AED 1,823, signaling strong confidence in the city's long-term real estate value. 'These numbers are more than just market growth, they represent a shift in how the world views Dubai real estate,' said Laura Adams, Secondary Sales Director at Provident Estate and the author of the report. 'Buyers are not just investing in properties; they're investing in a lifestyle, in security, in the future of one of the fastest-growing cities globally.' Key Highlights from the Q2 2025 Report: The surge is being driven by continued demand for both off-plan developments and high-quality secondary market homes, fueled by Dubai's business-friendly environment, world-class infrastructure, and tax-efficient living. This quarterly report, curated and analyzed by Laura Adams, leverages proprietary sales data and market intelligence from Provident Estate, offering a trusted lens into real-time property trends across the emirate. 'We're not just reporting data, we're shaping strategy. This insight empowers investors, developers, and homeowners to make smarter decisions in one of the most competitive markets globally,' Laura Adams adds. Provident Estate offers full-spectrum property services across residential, commercial, and off-plan sales. With a reputation for integrity, transparency, and expertise, Provident continues to set the benchmark for excellence in Dubai real estate. Discover what these numbers mean for your next investment. About Provident Estate: Pursuing excellence since 2008. Provident Estate is a one-stop shop for all things real estate. With a resolution to always offer 5-star service to their clients, Provident Estate are here for property requirements and queries. At the crux of the business, Provident Estate work relentlessly to provide hassle-free tailored real estate advice and consultancy for investors and families alike who are looking to find the perfect home. Provident Estate takes pride in the diverse portfolio of not just services but also the team members behind the company. With over 22 different nationalities speaking 25+ different languages, all are ready to answer property-related questions. Provident are available to help with buying and leasing as well as property management all the way through to looking for the correct financing options or even finding a perfect holiday home. The company pride themselves in being transparent, honest and professional to deliver the best results to clients.
Zawya
14-07-2025
- Business
- Zawya
Qatar: Residential sales transactions witness 13.2% increase in Q1
Doha: Qatar's real estate market remained stable in the first quarter (Q1) of this year. The residential sales saw a substantial rise as the transactions witnessed a 13.2 percent surge on quarterly basis (QoQ) and 67.1 percent annually (YoY) in Q1 2025. The median ticket size for housing units was QR2.7m showing an increase of 3.8 percent quarter-on quarter but a decline of 3.6 percent on yearly basis, according to ValuStrat real estate research for Q1. The highest transaction activity was recorded in Doha and Al Dayeen. The Pearl Island and Al Qassar saw sales value surge by 54.3 percent, while transaction volume climbed 39.8 percent QoQ . Regarding residential supply in Q1, the research noted that the total residential stock during Q1 2025 was 401,542 units, comprising 253,513 apartments and 148,029 villas. An estimated 2,000 apartments were delivered during the quarter. The key additions included 690 units at Gewan Island (The Pearl), 377 in Shahad Tower (West Bay), and 676 across Lusail Marina's FJ Residence, Venice Tower, and Nayef Tower. Qatari Diar, in collaboration with Dar Global, announced a new development under the Simaisma coastal project, featuring Trump-branded villas and an international-standard golf course. SAK Holding launched the Usool Al Mansoura Compound, comprising of two towers with around 500 units ranging from studios to three-bedroom apartments. The project, with a total built-up area of 62,218 sqm, is offered under a leasehold structure. Tameer Properties acquired seven seafront plots on Qetaifan Island North to develop luxury residences and branded hotel-serviced apartments, with Carlton House announced as the first project. The median monthly rent for a residential unit held steady quarterly but fell 1% YoY to QR8, apartment lease values stabilised at QR6,000 since the previous quarter while reflecting a 2 percent annual drop. For one-bedroom apartments the median monthly lease rate was QR5,500, for two-bedrooms QR6,250, and for a three-bedroom QR7,500. The rents in Lusail remained stable QoQ, while rates in Al Mansoura recorded an increase of up to 2 percent. In contrast, Al Sadd experienced a 2 percent decline compared to the previous quarter. Over 18,000 apartment rental contracts were signed in Q1, marking a 15 percent increase both quarterly and yearly. A slight softening in tenant churn was observed, as new lease agreements accounted for 82 percent of total contracts in Q1 2025. Al Wukair, Al Mashaf, and Al Thumama cumulatively were the top contracted areas with 5,319 leases, measuring an increase of 17.5 percent quarterly. The median rent for villas was QR11,000, stable QoQ but increased by 1 percent annually. The quarterly adjustments in key areas were minimal, showing only a 1 percent rise or fall QoQ. The median monthly rent for a three-bedroom villa was QR11,500, for a four-bedroom villa QR12,000, and for a five-bedroom villa QR14,000, the research further said. It added, around 6,048 villa lease contracts were signed during Q1 2025 reflecting an increase of 10 percent QoQ and 13.7 percent YoY. New tenancies accounted for 83 percent of the total agreements The cumulatively, Soudan, Aziziya, Ghanim, and Murrah were the top rented areas with more than 664 contracts, an increment of 4 percent since fourth quarter last year. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
20-06-2025
- Business
- Zawya
Dubai South Properties ready to launch tenders for South Square
Dubai South Properties is preparing to launch the tendering process for its upcoming South Square development, CEO Nabil Al Kindi told Zawya Projects. 'Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard,' he said. The project, located close to new Al Maktoum International Airport terminal, is scheduled for completion in the fourth quarter of 2028. 'On-time delivery is more than a goal — it's embedded in our operational DNA,' he said Al Kindi stated that minor price corrections are part of a healthy real estate market but emphasised that his outlook remains firmly optimistic. Interview excerpts What market factors have compelled you to launch South Square? Since its inception, Dubai South has been envisioned by our wise leadership as the city of the future — a hub offering long-term investment opportunities for both residents and businesses. Over the years, we have witnessed a consistent rise in demand for residential properties within Dubai South, which has steadily gained traction as a preferred destination. This is largely due to its world-class infrastructure, strategic accessibility, modern amenities, diverse offerings, and proximity to key transport hubs such as Al Maktoum International Airport. In 2024 alone, Dubai South recorded a 155 percent year-on-year growth in residential sales, with total sales exceeding 19 billion UAE dirhams - a testament to the area's growing appeal. In response to this surge in demand, we remain committed to launching meticulously planned developments that align with our government's broader vision of attracting one million residents to Dubai South upon the airport's completion. South Square was launched as a direct response to this demand. Its design, location, and features were carefully crafted to meet the needs of today's buyers, which are convenience, wellness, and connectivity. The market's response was impressive, with the first tower of the development sold out entirely within just three hours of launch. This exceptional demand reaffirms Dubai South's position as a sought-after residential community and reflects the strong trust buyers place in our developments. What is the construction cost of the project? We are currently in the tendering phase; however, we anticipate that the construction cost will align with market benchmarks for high-quality developments. Given the ongoing development activity across the city, we work closely with our contractors to ensure the timely and cost-effective delivery of our projects. What is the tendering timeline for South Square? We follow a meticulous process when selecting partners who share our vision and commitment to excellence. Beyond technical capabilities, we seek alignment in values and a demonstrated dedication to quality. This approach is key for a development like South Square, where our objective goes beyond constructing homes — we aim to build a thriving community that delivers long-term value for investors and an exceptional living experience for residents. We are currently in the process of issuing the tender for the project, with an anticipated delivery to our customers by the fourth quarter of 2028. Like all our projects, we follow a structured and transparent process to ensure we bring in partners who can deliver to the highest standard. What is your project's USP in terms of design? We typically work with local and international consultants to bring a diverse and elevated design perspective to each development. Our design approach is rooted in thoughtful planning, ensuring every detail, from layout to functionality, meets the evolving needs of modern residents. We don't see our projects as just structures; we are creating homes and spaces where people live, grow, and thrive. Spacious layouts, smart design, and a focus on liveability are what truly sets our developments apart. What was the biggest challenge in terms of the design of the project? We have extensive experience in delivering large-scale developments comprising thousands of residential units. Our successful track record includes landmark projects such as The Pulse, The Pulse Beachfront, and the soon-to-be-completed South Bay. With this depth of expertise, designing South Square came naturally. What makes this project particularly exciting is its strategic location — just minutes from the new terminal at Al Maktoum International Airport and with direct access to Sheikh Mohammed Bin Zayed Road, ensuring seamless connectivity and strong investment potential. South Square is centered around meaningful connections — with nature, people, and convenience. It includes landscaped outdoor areas, seed farms, walking trails, scenic water features, a yoga deck, multi-age fitness and leisure zones, essential retail and dining outlets, and co-working spaces — all designed to enrich residents' lives. When do you intend to hand over the project? South Square is scheduled for completion in the fourth quarter of 2028. On-time delivery is more than a goal — it's embedded in our operational DNA. We consistently strive to deliver our projects ahead of schedule, ensuring that investors and end-users can begin enjoying the benefits of our thoughtfully designed communities without delay. What is your outlook on the real estate market in the UAE, particularly Dubai, over the next two years? Dubai has firmly established itself as a global city, on par with the world's leading metropolises. The real estate sector is poised to continue its upward trajectory, driven by the city's key strengths, such as its visionary leadership, robust government initiatives, world-class infrastructure, and a solid legal and regulatory framework, among others. The numbers speak for themselves, with a growing number of millionaires and billionaires choosing Dubai as their home. At Dubai South, we are fully aligned with the government's vision. We are actively launching projects to meet the rising demand for residential units, while ensuring our communities offer modern amenities that support an enriched lifestyle. As is typical of any healthy market, minor price corrections may occur from time to time. However, my outlook remains firmly optimistic. (Reporting by P Deol; Editing by Anoop Menon) (
