Key Features of Marbella Resort

Marbella resort is set to redefine luxury living with its 150 units, including villas and apartments, designed to offer the utmost in comfort and elegance. Some of the standout features include:

• Private Beach: Enjoy the tranquility and beauty of a private beach, perfect for relaxation and leisure.
• Spa and Fitness Center: Indulge in wellness and fitness with state-of-the-art facilities, ensuring a healthy and balanced lifestyle.
• Mediterranean-Inspired Design: The resort’s architecture and interior design draw inspiration from the stunning Mediterranean coast, creating a serene and beautiful environment.

Heart of Europe: A Vision of Innovation and Luxury

The Heart of Europe project is a testament to Dubai’s commitment to creating unique and sustainable tourism destinations. The project includes six themed islands, each offering a distinct cultural and architectural experience:

• Main Europe: The central hub of the project, featuring a blend of European cultures and styles.
• Sweden: Home to luxurious villas with designs inspired by Swedish architecture.
• Germany: Showcasing traditional German designs and craftsmanship.
• Switzerland: Offering a serene and picturesque environment reminiscent of the Swiss Alps.
• St. Petersburg: Bringing the charm and elegance of Russian architecture to Dubai.
• Venice: A floating island designed to emulate the iconic Italian city, complete with canals and gondolas.

Sustainability and Innovation

Kleindienst Group’s vision for the Heart of Europe is not just about luxury but also about sustainability and innovation. The project aims to create an environmentally friendly and self-sufficient destination, incorporating cutting-edge technologies and sustainable practices to minimize its ecological footprint.

Experience the Best of Dubai

Marbella resort and the Heart of Europe project are set to become premier destinations for tourists and residents alike, offering a unique blend of luxury, culture, and sustainability. This development reflects Dubai’s vision to be a leader in global tourism and innovation, providing exceptional experiences that attract visitors from around the world.

For more information about Marbella resort and investment opportunities at the Heart of Europe, contact Rama Swiss Real Estate:

Phone: +44 7393 286246
Email: info@ramaswiss.com

Rama Swiss Real Estate: Your trusted partner in Dubai real estate investments and luxury living.

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Overview of the New Fleet

The new fleet, to be delivered over 2024 and 2025, comprises various types of buses designed to meet different transportation needs:

• 450 City Service Buses: Manufactured by MAN and Zhongtong, these buses are built for city-wide service, ensuring efficient and reliable transportation.
• 76 Double-Decker Buses: Produced by Volvo, these buses are perfect for routes with high passenger volumes, offering spacious seating and superior comfort.
• 70 Articulated Buses: Developed by Isuzu Anadolu, these buses are ideal for busy routes, providing enhanced capacity and smooth rides.

Features and Amenities

The new buses are equipped with advanced features to enhance the travel experience and ensure safety and convenience:

• Driver Behavior Monitoring: Ensures safe driving practices and improves overall safety.
• Automated Passenger Counting: Provides accurate data on passenger numbers, aiding in route planning and optimization.
• Driver Identity Authentication: Enhances security by verifying the identity of the driver.
• Low Floors for Accessibility: Facilitates easy boarding for all passengers, including those with disabilities.
• Bike Racks: Promotes eco-friendly transportation options by allowing passengers to carry bicycles.
• Wi-Fi and Mobile Charging Points: Ensures passengers stay connected and their devices charged throughout their journey.

Environmental Impact

The inclusion of 40 electric buses represents a significant step towards reducing carbon emissions and promoting sustainable transportation in Dubai. These electric buses comply with European standards, ensuring low carbon emissions and minimal environmental impact. This initiative is a part of RTA’s broader strategy to increase the use of public transport and support the UAE’s commitment to environmental sustainability.

Strategic Goals

This acquisition is a crucial component of RTA’s strategy to:

• Increase Public Transport Use: Aim to elevate the share of public transport in Dubai to 25% by 2030.
• Promote Zero-Emission Vehicles: Align with the UAE’s goal of achieving zero emissions by 2050.
• Enhance Service Quality: Improve the overall quality of public transport services in Dubai.

Leadership Vision

The project reflects the visionary directives of the UAE leadership, emphasizing the importance of sustainable development and innovation. By investing in cutting-edge transportation solutions, Dubai continues to set a benchmark for smart and sustainable urban development.

Conclusion

Dubai’s RTA is making remarkable strides towards creating a sustainable and efficient public transport system with the acquisition of 636 new buses, including 40 electric buses. This significant investment not only enhances the quality and coverage of public transport in Dubai but also aligns with the city’s long-term sustainability goals. As Dubai continues to grow and evolve, such initiatives will play a pivotal role in shaping a greener, smarter, and more connected future.

For more information about Dubai’s public transport developments and real estate opportunities, contact Rama Swiss Real Estate:

Phone: +44 7393 286246
Email: info@ramaswiss.com

Rama Swiss Real Estate: Your trusted partner in Dubai real estate investments and luxury living.

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Unprecedented Demand in Dubai’s Real Estate Market

Recent industry reports highlight the phenomenal demand for property in Dubai. Top-tier developers such as Meraas, Dubai Holding, Emaar Properties, Nakheel, and Damac Properties are seeing their projects sold out rapidly. For instance, a Meraas project was reported to have sold out within 45 minutes, while Aldar Properties sold its project in Dubai within 72 hours. This is a clear indicator of the strong appetite for real estate in Dubai.

Key Factors Driving the Market:

• Brand Equity: Tier 1 developers possess strong brand equity, a proven track record, and prime locations, giving them a competitive edge.
• Broker Networks: These developers have extensive networks of brokers responsible for most sales.
• Unique Offerings: Projects that offer unique selling points stand out and sell quickly.
• Payment Plans: Attractive payment plans are crucial in the current high borrowing cost environment.

The Role of Expat and Overseas Buyers

Expat residents and overseas buyers are playing a significant role in the current market dynamics. According to industry studies, 83% of sales come from these groups, with Indian, Egyptian, and British passport holders leading the international markets. This diverse mix of international investors ensures a robust market that is not dependent on any single nationality.

Demographics of Buyers:

• First-Time Buyers: Nearly 90% of sales come from first-time buyers, highlighting the market’s appeal to new investors.
• Age Group: 56% of buyers are under the age of 45.
• Gender: Female buyers represent 28% of sales, while male buyers complete 72% of purchased units.

The Importance of Payment Plans

In a market where property values are at an all-time high, payment plans have become a critical factor for buyers and investors. The total ticket price per unit is becoming more significant than the price per square foot, making flexible payment plans an attractive feature for potential buyers. At Rama Swiss Real Estate, we understand the importance of offering competitive payment plans to meet the needs of our clients.

Why Choose Rama Swiss Real Estate?

At Rama Swiss Real Estate, we pride ourselves on our deep market knowledge and commitment to providing exceptional service. Whether you are a first-time buyer or an experienced investor, our team is dedicated to helping you find the perfect property in Dubai’s vibrant market.

Our Services Include:

• Expert Guidance: Our experienced team provides personalized advice to help you make informed investment decisions.
• Wide Range of Properties: We offer a diverse portfolio of properties from top-tier developers.
• Competitive Payment Plans: We work with developers to offer flexible payment plans that suit your financial needs.

Contact Us Today:

• Phone: +44 7393 286246, +44 7393 286246
• Email: info@ramaswiss.com

Explore the potential of investing in Dubai’s thriving real estate market with Rama Swiss Real Estate. Our experienced team is ready to assist you in finding the best property investment opportunities that meet your needs and align with your investment goals.

#DubaiRealEstate #PropertyInvestment #GreenAcresRealEstate #DubaiProperties #InvestmentOpportunities

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New Bus Routes: DH1 and DA2

The newly unveiled bus routes are part of RTA’s ongoing commitment to expanding Dubai’s public transportation network. Here’s a closer look at the new services:

DH1 Route: Dubai Hills to Equiti Metro Station

• Frequency: The DH1 bus will operate with one-hour intervals.
• First Trip: 7:09 a.m.
• Last Trip: 10:09 p.m. on weekdays; 12:09 a.m. on weekends (Friday to Sunday).
• Fare: AED 5 per journey.

DA2 Route: DAMAC Hills to Dubai Studio City

• Frequency: The DA2 bus will operate with two-hour intervals.
• First Trip: 5:47 a.m.
• Last Trip: 9:32 p.m. every day.
• Fare: AED 5 per journey.

Enhanced Connectivity and Convenience

The introduction of these bus routes is a strategic move to provide easier access to some of Dubai’s most popular residential and commercial areas. With the DH1 route connecting Dubai Hills to Equiti Metro Station, residents and visitors can enjoy a seamless commute to one of the city’s major transit hubs. Similarly, the DA2 route enhances accessibility between DAMAC Hills and Dubai Studio City, catering to the needs of professionals and residents in these vibrant communities.

Adel Mohammed Shakeri, Director of Planning and Business Development at the Public Transport Agency of RTA, emphasized the importance of expanding public transport services to meet the growing demand in Dubai. The addition of these new routes is a testament to RTA’s dedication to improving public transport infrastructure and making it more convenient for everyone.

Benefits of the New Bus Routes

1. Affordable Travel: With a fixed fare of AED 5 per journey, the new bus routes offer an economical option for daily commuters.
2. Reduced Traffic: By encouraging the use of public transport, these routes help in reducing traffic congestion on Dubai’s busy roads.
3. Environmental Impact: Increased use of public transportation contributes to a reduction in carbon emissions, supporting Dubai’s sustainability goals.
4. Improved Accessibility: Enhanced connectivity between residential areas and key metro stations facilitates easier and quicker access to various parts of the city.

Investing in Dubai’s Growing Communities

With improved public transport links, areas like Dubai Hills, DAMAC Hills, and Dubai Studio City become even more attractive for property investment. Rama Swiss Real Estate, a leading real estate agency in Dubai, is at the forefront of helping investors and homebuyers capitalize on these opportunities.

Why Choose Rama Swiss Real Estate?

1. Prime Property Listings: Rama Swiss Real Estate offers a wide range of properties in Dubai’s most sought-after communities.
2. Expert Guidance: Our team provides expert advice and personalized services to help you make informed investment decisions.
3. Commitment to Excellence: We are dedicated to ensuring customer satisfaction and providing top-notch real estate services.

Contact Rama Swiss Real Estate:

• Phone: +44 7393 286246, +44 7393 286246
• Email: info@ramaswiss.com

Explore the potential of investing in Dubai’s thriving communities with Rama Swiss Real Estate. Our experienced team is ready to assist you in finding the perfect property that meets your needs and aligns with your investment goals.

Conclusion

The introduction of the new DH1 and DA2 bus routes by Dubai’s RTA is a significant enhancement to the city’s public transport network. These routes not only provide affordable and convenient travel options but also contribute to the overall sustainability and connectivity of Dubai. With easier access to key areas like Dubai Hills, DAMAC Hills, and Dubai Studio City, now is the perfect time to consider investing in these vibrant communities. Contact Rama Swiss Real Estate today to discover the best property investment opportunities in Dubai.

#PublicTransport #DubaiHills #DAMACHills #DubaiStudioCity #GreenAcresRealEstate #DubaiNews

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The Autonomous Vehicle Trials: A Success Story

The trials were conducted within the Dubai South Logistics District, a hub for cutting-edge logistics solutions. They focused on validating the hardware, software, and reliability of the Evocargo N1 unmanned electric truck. This truck, designed to navigate autonomously, underwent rigorous testing to ensure its safety and efficiency in complex traffic scenarios.

Key Aspects of the Trials:

1. Autonomous Navigation: The Evocargo N1 truck was tested on a designated route, demonstrating its ability to navigate autonomously. This included managing various traffic conditions involving cars, trucks, and pedestrians.
2. Safety Emphasis: Safety was a paramount concern during the trials. The truck’s ability to detect objects, prevent accidents, and execute emergency maneuvers was thoroughly tested, with no reported failures or safety incidents.
3. Technological Reliability: The trials validated the reliability of the truck’s hardware and software, ensuring that it can be deployed effectively in the future.

The successful completion of these trials is a testament to Dubai South’s dedication to innovation and sustainability. By embracing autonomous technology, Dubai South is poised to revolutionize the logistics sector, enhancing efficiency and reducing environmental impact.

The Future of Logistics in Dubai

Dubai South’s achievement aligns with the broader vision of Dubai to become a global leader in innovation and technology. The integration of autonomous vehicles into the logistics infrastructure promises numerous benefits, including reduced operational costs, enhanced safety, and improved environmental sustainability.

As the logistics sector evolves, so too does the landscape of real estate in Dubai. The advancements in logistics infrastructure have a direct impact on the real estate market, making it an opportune time for investors to consider property investments in this rapidly growing region.

INVEST IN REAL ESTATE’s Future with Rama Swiss Real Estate

With Dubai South leading the charge in logistics innovation, there is a significant potential for growth and development in the surrounding areas. Rama Swiss Real Estate, a leading real estate agency in Dubai, offers a range of properties that align with the city’s vision for a sustainable and technologically advanced future.

Why Invest with Rama Swiss Real Estate?

1. Prime Locations: Rama Swiss Real Estate provides access to prime properties in Dubai South and other thriving areas, ensuring high returns on investment.
2. Sustainable Living: With the city’s commitment to sustainability, investing in properties that support green living is a wise choice for the future.
3. Expert Guidance: Rama Swiss Real Estate offers expert guidance and personalized services to help you make informed investment decisions.

Contact Rama Swiss Real Estate Today:

• Phone: +44 7393 286246, +44 7393 286246
• Email: info@ramaswiss.com

Explore the future of urban living and logistics innovation with Rama Swiss Real Estate. Invest in a city that’s setting new standards for sustainability and technological advancements. Contact Rama Swiss Real Estate today to discover the best property investment opportunities in Dubai South and beyond.

Conclusion

Dubai South’s successful autonomous vehicle trials with Evocargo mark a pivotal moment in the city’s journey towards a technologically advanced and sustainable future. This milestone not only enhances the logistics sector but also opens up new avenues for real estate investment. Rama Swiss Real Estate stands ready to help you seize these opportunities, providing access to prime properties and expert advice to ensure your investments flourish in this dynamic city.

#AutonomousVehicles #DubaiSouth #Evocargo #LogisticsInnovation #DubaiNews

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The Dubai Green Spine: A Sustainable Urban Oasis

The Green Spine, designed by UAE-based Urb, will turn the Sheikh Mohammed Bin Zayed Road into a lush, sustainable corridor. The project will feature elevated and ground-level pathways, multifunctional public spaces, and extensive greenery. Additionally, a large solar panel farm will be integrated to power the new infrastructure and tens of thousands of nearby homes.

Key Features of the Dubai Green Spine:

• 1 Million Trees: The project will plant one million trees, significantly improving air quality and reducing urban heat.
• Solar Power: Solar panels generating 300 megawatts of electricity will support the Green Spine and 130,000 homes.
• Sustainable Design: The corridor will use native plant species, xeriscaping, and advanced irrigation systems to minimize water use.
• Bioswales: These will capture and harvest stormwater runoff, addressing Dubai’s flooding challenges and promoting water conservation.

Enhancing Livability and Sustainability

The Dubai Green Spine is set to redefine urban functionality, shifting the city’s focus from car-centric to human-centric living. It aims to encourage walking and biking, reduce the city’s carbon footprint, and provide safe, attractive routes for commuting and leisure.

Urb CEO Baharash Bagherian emphasizes that the project challenges conventional infrastructure norms, proving that streets can enhance quality of life beyond facilitating car traffic. The Green Spine is designed to join a city divided by a highway, offering a practical enhancement to Dubai’s urban area.

Comparison with Other Projects

Unlike Saudi Arabia’s Neom, which includes the controversial 105-mile-long skyscraper known as The Line, the Dubai Green Spine is a feasible and sustainable project. The Line has faced criticism for its impractical design and significant mobility challenges. In contrast, the Green Spine focuses on enhancing an existing urban area, making it a more realistic and beneficial development.

A Model for Future Cities

The Dubai Green Spine is not without precedent. Projects like Madrid Rio in Spain have successfully transformed highways into green public spaces. However, the Green Spine’s scale and sustainability features set a new standard for urban development in arid climates. If successful, it could serve as a model for other cities worldwide, especially those facing extreme heat waves.

INVEST IN REAL ESTATE’s Future with Rama Swiss Real Estate

As Dubai continues to innovate and enhance its livability, it presents a unique opportunity for property investment. Rama Swiss Real Estate, a leading real estate agency in Dubai, offers a range of properties that align with the city’s vision of a sustainable and vibrant urban environment. Whether you’re looking to buy property in Dubai or invest in the city’s promising future, Rama Swiss Real Estate is your trusted partner.

Contact Rama Swiss Real Estate:

• Phone: +44 7393 286246, +44 7393 286246
• Email: info@ramaswiss.com

Explore the future of urban living and invest in a city that’s setting new standards for sustainability and quality of life. Contact Rama Swiss Real Estate today!

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The Innovative Startups and SMEs Fund (ISSF) has recently made a significant investment of $5 million into the Global Ventures Fund III, marking a pivotal moment for Jordanian startups and small to medium-sized enterprises (SMEs). This strategic investment contributes to the $98 million fund, which stands as the largest of its kind within Jordan. The ISSF, established to foster innovation and growth within Jordan’s entrepreneurial ecosystem, plays a crucial role in providing financial support and resources to promising startups and SMEs, thereby driving economic development and job creation in the region.

Global Ventures, a UAE-based venture capital firm, brings substantial expertise and reach to this partnership. Managing assets worth $300 million and having invested in over 60 businesses across 10 markets, Global Ventures has a robust track record of identifying and nurturing high-potential enterprises. The firm’s extensive experience and strategic insights are expected to significantly benefit Jordanian startups by providing them with access to capital, mentorship, and a broad network of industry connections.

The collaboration between ISSF and Global Ventures is strategically important for Jordan’s economic landscape. It aligns with national efforts to stimulate innovation, diversify the economy, and position Jordan as a hub for entrepreneurship in the Middle East and North Africa (MENA) region. The investment into Global Ventures Fund III not only underscores ISSF’s commitment to supporting the local startup ecosystem but also enhances the prospects for Jordanian entrepreneurs to scale their businesses on a regional and global stage.

Through this partnership, ISSF aims to leverage Global Ventures’ extensive resources and expertise to provide Jordanian startups with the necessary tools to succeed in highly competitive markets. This initiative is anticipated to foster a more dynamic and resilient economic environment in Jordan, ultimately contributing to sustainable growth and development.

Impact on Jordanian Entrepreneurs and the Economy

The ISSF’s $5 million investment in Global Ventures Fund III represents a transformative opportunity for Jordanian startups and SMEs. According to ISSF CEO Mohammed Al Muhtaseb, this strategic move aims to harness the untapped potential within Jordan’s entrepreneurial ecosystem. By providing both financial resources and strategic support, the fund seeks to empower local entrepreneurs, encouraging them to innovate and scale their businesses. This commitment underscores the ISSF’s broader mission to drive sustainable economic growth through the cultivation of homegrown talent.

Noor Sweid of Global Ventures echoed this sentiment, emphasizing the pivotal role that SMEs and startups play in bolstering economic development in Jordan. She noted that these entities are not only pivotal in creating jobs but also in stimulating technological advancements and enhancing the country’s global competitiveness. By backing innovative ventures, the investment is expected to catalyze a ripple effect, fostering an environment where new ideas can flourish and contribute to a robust economic framework.

Examples of Jordanian startups that stand to gain from this initiative include tech-driven companies like MadfooatCom and Tamatem, which have already shown significant promise in their respective fields. MadfooatCom, a fintech startup, has revolutionized the digital payment landscape in Jordan, while Tamatem has made strides in mobile game development. Both companies exemplify the type of innovation that the ISSF and Global Ventures aim to support, demonstrating how strategic investment can lead to substantial business growth and industry disruption.

The long-term economic benefits of this initiative extend beyond immediate financial gains. By fostering a culture of innovation and entrepreneurship, the investment is poised to generate new employment opportunities, particularly in high-tech and creative industries. This, in turn, could lead to an increase in overall economic productivity and a stronger position for Jordan on the global stage. As these businesses expand, they are likely to attract further investment, creating a self-sustaining cycle of growth and development.

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1. Real Estate Boom: USD2.6 Billion Investment

A major new player has entered Dubai’s real estate market with a pipeline of AED2.6 billion. QUBE Development aims to deliver 2.3 million square feet of new inventory by 2025, focusing on sustainable, high-quality communities.

2. Dubai South Real Estate Growth

Dubai South continues to attract significant investment, with Unique Properties reporting AED20 billion in sales. The area’s development is fueled by the $35 billion expansion of Al Maktoum International Airport, which aims to become the world’s largest airport.

3. Palm Jumeirah vs Downtown Spain: Real Estate Comparison

With $1 million to spend, investors are comparing real estate options in Palm Jumeirah and Downtown Spain. Both areas offer luxurious properties, but Palm Jumeirah is known for its waterfront residences and exclusivity, while Downtown Spain boasts iconic landmarks like Burj Khalifa and the Dubai Mall.

4. Business Setup Benefits in the UAE

The UAE continues to attract entrepreneurs with incentives like Golden visas, zero income tax, 100% ownership, and no minimum capital requirements. The country’s business-friendly environment has boosted its global rankings in business and investment attractiveness.

5. Dubai’s Best Schools Revealed

The Knowledge and Human Development Authority (KHDA) has announced the results of its latest inspections, revealing 23 private schools in Dubai have received the top ‘Outstanding’ rating. This highlights the high quality of education available in the city, ensuring diverse curricula and fostering environments that support both academic excellence and holistic development.

6. New UAE Petrol Prices for July 2024

Motorists in the UAE can expect new petrol prices to be announced soon. After a significant drop in June, the first decrease of the year, July’s prices are eagerly anticipated. This follows a trend of rising prices since January, with fluctuations in diesel costs.

7. $8.2 Billion Rain Drainage Plan

Dubai has approved a massive $8.2 billion rainwater drainage network project. The new system, named ‘Tasreef,’ will increase the city’s rainwater drainage capacity by 700%, enhancing its readiness to face future climate challenges and serving Dubai’s needs for the next century.

8. Weather Forecast: Rain, Fog, and Dust

The UAE is set to experience a range of weather conditions this week, including extreme heat, rain, fog, and winds of up to 40 km/h. The National Centre of Meteorology forecasts the likelihood of rain over the weekend, alongside seasonal humidity and dust storms.

9. Dubai Islamic Bank Resolves Platform Issues

Dubai Islamic Bank has resolved issues that arose after transitioning to a new banking platform. Despite initial disruptions, the bank is working to ensure customers receive their delayed salaries and improve service quality through ‘The Temenos Banking Cloud’ platform.

10. World’s Best Airlines 2024

Qatar Airways has been named the World’s Best Airline at the 2024 World Airline Awards, with Emirates, Etihad, and Saudia also making it to the top 20. The awards, known as the “Oscars of the aviation industry,” celebrate excellence in airline service and customer satisfaction.

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As the first half of 2024 concludes, Dubai’s property market continues to exhibit robust growth, with a significant influx of foreign buyers, absorption of existing inventory, and movement into suburbs, according to data released by real estate firms.

Post-New Year Stability and Rising Prices

Following what looked like post-New Year stability in early Q1 2024, property prices in Dubai’s most searched-for areas have risen again, countering any speculations of a slowdown. Despite the ongoing increase in property prices, Dubai remains highly affordable compared to other luxury real estate destinations worldwide, making it an attractive option for new and institutional investors, solidifying the city’s position as a global investment hub, as per Bayut’s latest report.

Areas of Interest for Property Buyers

Bayut’s report on H1 trends shows that prospective homebuyers and investors for affordable properties have shown heightened interest in areas such as International City, Dubai South, DAMAC Hills 2, and The Valley by Emaar. Additionally, individuals looking for mid-range properties have gravitated towards neighborhoods such as Jumeirah Village Circle, Jumeirah Lake Towers, Al Furjan, and The Springs.

Conversely, investors interested in luxury properties have focused on a range of options available in Dubai Marina, Business Bay, Arabian Ranches, and Dubai Hills Estate during H1 2024.

Record Growth in Sales Volume

In the first half of 2024, Dubai’s property sector saw a year-on-year volume growth of more than 30 per cent, as reported by Property Monitor. May 2024 marked a record-breaking month for sales transactions in Dubai. Property Monitor reported a 47.7 per cent month-on-month increase and a 45.9 per cent year-on-year rise in sales transaction volumes. Similarly, haus & haus also noted that May was their best performing month, possibly due to delayed transactions from April caused by unprecedented storms and flooding in Dubai.

Rising Demand for Villas

The demand for villas continues to surge as Dubai’s population grows and matures. Property Monitor’s H1 figures indicate significant volume growth for villas, driven by residents looking for family-friendly, long-term living options. In response, developers have launched 3,323 villas in H1, with many expected to be completed by 2028. Emaar has announced key master community projects such as The Oasis, The Heights Country Club and Wellness, and Grand Polo Club & Resort, which have garnered strong interest from investors.

High Demand for New Real Estate Projects

More than 80 per cent of new property units launched in Dubai since 2022 have sold out, highlighting the high demand for off-plan projects. Dubai Land Department data shows nearly 214 projects launched, with 148 currently active. Taimur Khan, head of research for CBRE in the Middle East, noted that despite concerns about an oversupply dampening prices, new stock absorption remains high, with at least 70 per cent of units launched since 2022 sold to date.

Trends for Buying Properties in Dubai

Bayut’s data indicates that sales prices for apartments and villas in prominent Dubai neighborhoods have recorded significant increases, with the highest increase reaching up to 17 per cent for villas in The Valley by Emaar, during the first half of 2024. In the mid-tier property segment, there has been a noticeable increase in average sales transaction prices for apartments, varying from 12 per cent to 40 per cent, with the most significant growth observed in Jumeirah Lake Towers.

Similarly, sought-after areas featuring mid-tier villas have observed increases in average transaction sales prices ranging from 4 per cent to 23 per cent. Most areas in the luxury property segment have consistently recorded increases in transactional prices, ranging from 5 per cent to 24 per cent.

Record Transaction Volumes

According to data from Bayut’s Dubai transactions, which leverages data from the DLD, the first half of 2024 saw a total of 43,075 property sale transactions. These transactions amounted to a combined value of Dhs122.9bn, covering both residential and commercial properties.

Shifts in Price Brackets

According to CBRE, there has been a notable shift in market dynamics. The sales numbers in the first half of 2024 have been marked by a shift in transaction price brackets. Transactions below Dhs1,000 per square foot declined by 19.3 per cent in May 2024 compared to the previous year. However, transactions in the Dhs1,000 to Dhs2,000 per square foot range grew by 64.1 per cent. The Dhs2,000 to Dhs3,000 per square foot bracket saw a significant increase of 154 per cent in activity. The higher-end segment, priced between Dhs3,000 and Dhs8,000 per square foot, experienced a 19.5 per cent drop in activity due to limited stock availability. Properties priced above Dhs8,000 per square foot accounted for just 0.2 per cent of total sales in May 2024, as per CBRE data.

Changing Buyer Preferences

Sales transactions have moved away from Dubai’s core and prime residential hubs, with buyers now exploring other areas. Tatiana El Bazi, senior research analyst at CBRE, noted that recent data indicates a trend of buyers shifting away from the city’s central and prime areas.

Trends for Renting Properties in Dubai

In terms of ROI based on projected rental yields for apartments, areas such as Dubai Investments Park (DIP), and Discovery Gardens, have emerged as top choices for potential investors seeking affordable properties, offering yields of up to 11 per cent. For mid-tier apartments, Dubai Sports City, Dubai Silicon Oasis, and Motor City are particularly attractive, with rental yields surpassing 9 per cent. Additionally, luxury apartment locations such as Green Community, Al Sufouh, and DAMAC Hills have shown impressive returns of up to 9 per cent, outpacing many global real estate markets.

Bayut’s analysis of ROI trends for villa communities also shows a positive outlook. Buy-to-let villas in International City offer an average ROI exceeding 7 per cent, making them attractive for investors. Areas such as DAMAC Hills 2 and Wasl Gate provide ROI percentages above 6 per cent. Mid-tier villas in Jumeirah Village Triangle, Jumeirah Village Circle, and Mudon have projected ROIs ranging from 6 per cent to 8 per cent. In the luxury villa market, The Sustainable City stands out with an ROI exceeding 7 per cent, due to the unique features of the properties and limited market supply. Additionally, communities like Tilal Al Ghaf and Al Barari, which cater to family needs, present strong ROIs of over 6 per cent.

Bayut said its data analysis indicates notable increases in advertised rental prices across various segments in popular areas. Affordable apartment rentals have seen surges ranging from 4 per cent to 31 per cent, with studio flats in Al Nahda reporting the most significant price hike. Mid-tier apartments have experienced upticks of up to 15 per cent. Luxury apartment rentals have generally increased by up to 7 per cent, although some units in Business Bay and Downtown Spain reported price decreases of under 6 per cent. Budget villa rentals have gone up by as much as 12 per cent. Mid-tier villa rentals have increased by up to 15 per cent, with certain bed types in Town Square seeing price decreases of under 1 per cent. Luxury villa rentals have surged by up to 27 per cent, with DAMAC Hills recording the highest increase for its limited inventory of 6-bed units.

For those seeking affordable accommodation, Deira and Al Nahda have become popular choices for apartments, while DAMAC Hills 2 and Mirdif have attracted interest for villas. In the mid-tier segment, Jumeirah Village Circle (JVC) and Bur Dubai apartments have remained in high demand among tenants, whereas properties in Town Square and JVC have appealed to those in search of villas. In the luxury category, Dubai Marina and Business Bay have maintained their popularity for apartment rentals, while Dubai Hills Estate and Al Barsha have been the desired destinations for high-end villa rentals.

Increase in Rental Prices

Transactional rental prices in affordable neighborhoods for both villas and apartments have generally increased by 2 per cent to 9 per cent. Mid-tier segment apartment and villa rentals have reported increases of up to 10 per cent. In the luxury real estate segment, transactional prices for both apartment and villa rentals have also risen by up to 10 per cent.

Commenting on the findings, Haider Ali Khan, CEO of Bayut and head of Dubizzle Group MENA, said, “Amidst the global economic slowdown and rising interest rates, we have noticed a pattern of investors worldwide turning to wealth-preserving assets. Dubai’s real estate sector has emerged as a standout choice in today’s economic climate, with prices and consumer interest continuing to rise even after a 24-month period of continuous growth.”

Who is Buying in Dubai?

As evident from the data, there has been a notable surge in demand for both apartments and villas, accompanied by significant increases in transaction prices and volumes. This rising trend in property prices reflects a dynamic market sentiment. Dubai’s high rental yields, easy real estate financing, and accessible residency visas are factors driving property ownership over renting.

A report by W Capital revealed that British investors were the top purchasers in Dubai’s real estate market during the first half of 2024. Other prominent nationalities included Indians, Chinese, Lebanese, Canadians, French, Italians, Dutch, Pakistanis, and Turkish buyers.

Rama Swiss Real Estate: Partnering with Dubai’s Growth

At Rama Swiss Real Estate, we are proud to be at the forefront of Dubai’s booming property market. As a leading company in selling off-plan properties, we provide our clients with expert guidance and exclusive opportunities in the most sought-after locations. Whether you’re an investor looking for high rental yields or a family searching for your dream home, Rama Swiss Real Estate is here to help you navigate the dynamic and rewarding landscape of Dubai’s real estate market. Contact us today to learn more about how we can assist you in making the most of Dubai’s property surge in 2024.

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Emaar Properties PJSC, a leading real estate developer based in the UAE, has recently adopted a virtual card solution provided by Visa and Mashreq. This strategic shift aims to digitize and transform Emaar’s B2B payment processes, reflecting the company’s forward-thinking approach to financial management. By integrating this virtual card solution with their enterprise resource planning (ERP) system, Emaar seeks to enhance payment efficiencies, optimize working capital management, and streamline operations.

The direct connectivity with the ERP system will allow Emaar Properties to leverage the full potential of the virtual card solution. This integration is expected to provide seamless and secure payment processing, reducing the complexity and time associated with traditional payment methods. According to Ahmed Al Matrooshi, a key executive at Emaar Properties, this adoption is not just a technological upgrade but a strategic initiative to improve supplier relationships and ensure the reliability of financial transactions.

One of the standout features of this virtual card solution is its ability to utilize card rails, which are known for their efficiency and security. This method significantly enhances transparency in reconciliation processes, providing Emaar with clear and accurate records of transactions. Moreover, the virtual card solution offers valuable insights that can be used for decision-making, cash flow forecasting, and comprehensive business planning. These insights will empower Emaar Properties to make informed financial decisions, thereby contributing to the overall stability and growth of the company.

The adoption of Visa and Mashreq’s virtual card solution is a testament to Emaar Properties’ commitment to embracing innovative technologies to drive operational efficiency. By shifting towards digitized B2B payments, Emaar is not only improving its internal processes but also setting a benchmark for the real estate industry in the UAE. This move underscores the importance of modernizing payment systems to achieve greater financial management and operational excellence.

Benefits and Features of Visa and Mashreq’s Virtual Card Solution

The virtual card solution from Visa and Mashreq is poised to significantly enhance Emaar Properties’ payment ecosystem by offering a host of benefits. One of the primary advantages is the seamless integration facilitated through application programming interface (API) connectivity. This integration with enterprise resource planning (ERP) systems allows for a digital transformation of traditional B2B payments, streamlining the entire process. This not only simplifies payment execution but also ensures automated and seamless reconciliation, which is crucial for efficient financial management.

Additionally, the virtual card solution enables Emaar Properties to make secure and efficient supplier payments, provided the suppliers accept card payments. This flexibility ensures that Emaar can leverage the full potential of digital payments, thus optimizing their payment workflows. According to Salima Gutieva from Visa, this collaboration is in line with Visa’s commitment to offering secure and efficient payment methods for businesses, further reinforcing the reliability and security of this virtual card solution.

Mashreq’s Kartik Taneja also emphasizes the optimization of working capital and the efficiency gains that can be achieved through card-based B2B payments. By utilizing the virtual card solution, Emaar can better manage its cash flow, ensuring that working capital is used effectively and that payment processes are streamlined. This is particularly advantageous in a corporate setting where timely and efficient financial transactions are paramount.

Since the partnership between Visa and Mashreq was established in 2021, several digital solutions have been introduced, including a corporate expense platform and a rapid seller onboarding program. These initiatives underscore their dedication to supporting corporate clients with comprehensive and secure financial tools. Through this collaboration, Emaar Properties stands to benefit from a robust, secure, and efficient payment system that enhances their overall financial operations.

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