Time of al Arab

Category: Property

  • Business Bay, JVC, and Downtown Top Dubai’s Property Market in 2025

    Business Bay, JVC, and Downtown Top Dubai’s Property Market in 2025

    Business Bay, JVC, and Downtown Top Dubai’s Property Market in 2025

    Business Bay has become one of the most popular areas for property buyers in Dubai. Its central location, busy business scene, and steady supply of new projects are attracting strong interest, especially from buyers in India, the UK, and the Gulf region.

    Key market trends

    Jumeirah Village Circle (JVC) is also seeing strong demand. Many Indian and British buyers prefer it for its lower prices, good rental returns, and growing number of off-plan projects, according to a new report by Bayut, Dubizzle, and Driven Properties.

    For luxury apartments, Downtown Dubai and Dubai Creek Harbour remain top choices. Al Furjan is popular with middle-income buyers who want affordable homes with good access and community facilities.

    Technology is also shaping the market. Tools like Bayut’s TruEstimate, which uses AI to give accurate property values and verified data, are making the process more transparent—especially for overseas buyers.

    Global investor interest

    Dubai continues to attract a wide range of international investors. Driven Properties’ data shows that Indian buyers lead the market, followed by buyers from the UK, Pakistan, Canada, and Lebanon. These five groups account for more than half of all sales.

    Canadian buyers, though fewer in number, are making some of the biggest deals—like a recent $12.53 million (AED 46 million) purchase in Al Wasl.

    Overall, demand is rising from South Asian, North American, and European investors, with many focusing on new off-plan communities.

    Apartments and villas

    Apartments dominate the market, making up over 91% of all transactions in the first half of the year. Indians, Britons, and Pakistanis are the most active buyers.

    Villas and townhouses, though fewer in number, are attracting wealthy buyers—mainly from the UK and France—who want bigger homes in planned communities such as Al Furjan and Dubai Hills Estate. Prices for villas continue to rise, with strong sales in areas like Arabian Ranches 3 and Dubai South, driven by both investors and families looking to move in.

    Published: 20th August 2025

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  • Dubai Completed $1.2 Billion Worth of Property Projects in First Half of 2025

    Dubai Completed $1.2 Billion Worth of Property Projects in First Half of 2025

    Dubai Completed $1.2 Billion Worth of Property Projects in First Half of 2025

    Dubai finished 24 real estate projects worth $1.2 billion (AED 4.5 billion) in the first half of 2025. This shows the city’s property market is still growing fast, according to the Dubai Land Department (DLD), as reported by Emirates News Agency (WAM).

    Strong Real Estate Growth

    Dubai’s property market continues to grow quickly. Right now, 726 real estate projects are under construction across the city, showing strong interest from both developers and investors.

    Between January and June 2025, developers added 90,337 new real estate units. These homes are being built to meet rising demand for ready-to-move, eco-friendly housing with modern amenities.

    During the same time, 75,347 real estate units were sold for a total of $41.1 billion (AED 151 billion). This shows that buyers still have strong confidence in Dubai’s real estate market.

    Villa sales were especially good, with 7,167 villas sold for over $7.6 billion (AED 28 billion).

    The rental market also stayed strong. In the first half of 2025, 465,738 lease contracts were registered, with a total value of $11.4 billion (AED 42 billion)—a 5% increase from the same time in 2024.

    Easier Path to Buying a Home

    In July, Dubai introduced the First-Time Home Buyer Program, created by the Dubai Land Department and the Dubai Department of Economy and Tourism. It’s designed to help more Emiratis and expats buy their first home.

    The program gives buyers early access to new projects, better prices, and special mortgage deals. It supports the Dubai Real Estate Strategy 2033, which aims to increase homeownership and boost the property sector’s role in the UAE economy.

    Big developers like Emaar, DAMAC, and Nakheel are offering early deals on off-plan homes priced up to $1.4 million (AED 5 million). Banks including Emirates NBD, Dubai Islamic Bank, and Mashreq are offering custom mortgage plans for first-time buyers.

    Published: 5th August 2025

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  • Kering in Final Talks to Sell Milan Luxury Property to Qatari Royal Family

    Kering in Final Talks to Sell Milan Luxury Property to Qatari Royal Family

    Kering in Final Talks to Sell Milan Luxury Property to Qatari Royal Family

    French luxury company Kering is close to reaching a deal to sell most of its stake in a company that owns a top property on Via Montenapoleone in Milan, one of the most famous shopping streets in the world. This news was reported by Italian newspaper Corriere della Sera.

    About the property

    The building, from the 18th century, was bought by Kering in April 2024 for $1.5 billion (€1.3 billion) from Blackstone. It hosts luxury stores like Yves Saint Laurent, Prada, Cova, and Le Coultre.

    According to the report, Kering plans to sell the majority of the company that owns the building. The value of the deal is said to be close to what Kering paid for the property.

    The buyer is reportedly linked to Hamad bin Jassim bin Jaber Al-Thani, a well-known Qatari investor and former prime minister.

    Why is Kering selling?

    Kering is selling this property to reduce its debt, which rose to $12.1 billion in 2024 after several expensive purchases, including this Milan property.

    The luxury market has slowed down, and Kering’s main brand, Gucci, saw a 26% drop in sales in the first half of 2025. As a result, Kering’s overall revenue fell 16% to $8.8 billion, and its profit was cut in half to $547.2 million.

    Kering has already raised €800 million from selling other properties in cities like Paris, Tokyo, and New York. The company’s CFO, Jean-Marc Duplaix, said they expect more sales by early 2026.

    What’s next?

    This sale comes as Kering prepares for new leadership. Luca de Meo, the former CEO of Renault, will become the new CEO in mid-September. He will replace Francois-Henri Pinault, who will stay on as chairman.

    De Meo will focus on turning Gucci around and making decisions about future deals. One possible move is for Kering to buy the remaining 70% of Valentino from Qatar’s Mayhoola in 2026. Kering already owns 30%.

    Qatar has invested heavily in Italian real estate, spending over $5.8 billion through its wealth funds. They already own Milan’s Unicredit Tower. The Via Montenapoleone building is in high demand, as rents there have jumped 30% in the past two years, making it a very attractive investment.

    Published: 4th August 2025

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    Also Read:

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