Umm Ziyaad

Mr. Eight Development unveils Villa del GAVI, its second project on Dubai Islands

Two-bedroom units start at Dh3.6m, three-bedroom at Dh6.4m and four-bedroom at Dh9.5m

Mr. Eight Development, a European property developer with more than two decades of expertise, has launched its second residential project in the UAE – Villa del GAVI, located on Dubai Islands. Building on the success of its debut project, Villa del DIVOS, which has seen remarkable demand with almost 80 per cent of its units already sold out, Villa del GAVI continues the brand’s mission to redefine beachfront living through timeless design and curated luxury.

To celebrate the launch, Mr. Eight Development hosted a private unveiling event at the Atlantis The Royal on May 3. The exclusive gathering welcomed Hollywood celebrities, industry visionaries, investors and VIP guests, offering a first look at one of Dubai Islands’ most anticipated developments.

Perfectly positioned on Dubai Island’s first coastline and just steps from pristine waters, Villa del GAVI offers 87 bespoke residences, ranging from spacious two- to four-bedroom apartments, including three-bedroom + maid configurations. Every home of the 12-floor residential tower is designed to capture the tranquillity of the Arabian Gulf through expansive floor-to-ceiling windows, open-concept living areas and private balconies with breathtaking water views.

Villa del Gavi – luxurious beachfront living with unparalleled amenities

Villa del GAVI showcases exceptional interior craftsmanship and design collaborations. Residences are outfitted with Italian Silver Travertine Stone Romano, Calacatta Viola marble, Fabel Casa kitchens and wardrobes from Italy, high-end SMEG appliances and bespoke bathroom fixtures by acclaimed British designer Tom Dixon.

“Following the overwhelming success of Villa del DIVOS, we are delighted to introduce Villa del GAVI to the Dubai Islands,” said Emils Daujats, Director at Mr. Eight Development. “This new project is the natural next step in our commitment to crafting exceptional living spaces in Dubai’s most sought-after locations.

“Villa del GAVI offers a unique opportunity to experience luxurious beachfront living with unparalleled amenities and we have already had considerable interest in the project with 38 per cent of our units already reserved prior to the official launch. Notably, Villa del GAVI will stand out by offering exclusively two-bedroom residences and above. There will be no one-bedroom units in this development, as we are focused on creating more spacious, livable homes.”

Villa del GAVI is crafted to provide not only a luxurious home but an immersive lifestyle. Residents will enjoy two infinity-edge swimming pools, a state-of-the-art Technogym fitness centre, a private residents’ clubhouse and an artfully curated lobby showcasing furniture by Cassina, Minotti and lighting by Tom Dixon, FLOS and ZONDA. Signature accents like Lalique crystal installations and LASVIT glass artworks elevate the shared spaces into environments of elegance and inspiration.

The development is also conveniently located just 20 minutes from Downtown Dubai, the Dubai International Financial Centre and the iconic Dubai Mall, ensuring seamless access to the city’s business and entertainment hubs. The surrounding neighbourhood includes private beaches, two championship golf courses, a high-end shopping mall and access to world-class healthcare.

Priority Club membership

Residents of Mr. Eight’s Dubai Island developments will be granted membership to an exclusive Priority Club, which includes access to chauffeur-driven Rolls-Royce cars, a luxury Riva motorboat with captain, private golf carts and a menu of à la carte services—from in-residence spa treatments and personal training to housekeeping, childcare and 24-hour emergency maintenance.

To maintain its world-class standards, Mr. Eight Development has also established a dedicated service management company, overseeing every aspect of the resident experience with precision and care.

Residences at Villa del GAVI start at Dh3.6 million for a two-bedroom unit, three-bedroom units from Dh6.4 million and Dh9.5 million for four-bedroom layouts.

The project handover is scheduled for the fourth quarter of 2027. Mr. Eight Development is also offering a flexible payment plan, allowing buyers to pay 35 per cent during construction and the remaining upon handover.

Philly2dubairealtor,……………….

Re-Blogged Via Gulf News

Dubai estate agents describe ultra competitive sales market

Those seeking their fortune in emirate’s expanding housing market face fierce competition

Dubai’s booming property market has created a hyper-competitive industry where commissions can reach six figures for high-end, luxury property sales.

Increasing numbers of developments are drawing global interest from super-rich buyers and creating an influx of ambitious real estate agents eager for a slice of the fortune.

As more brokers come to Dubai, experts say competition will become even tougher.

“I would say only 20 per cent of brokers here are really doing well,” said Firas Al Msaddi, chief executive of Fam Properties.

“When a deal is done, three to five other brokers have lost out and there are no salaries for brokers who survive on commission. They won’t last more than six months without making any sales.”

According to data from property intelligence portal DXB Interact, Dubai had 1,240 real estate agencies and 4,500 registered brokers who oversaw 38,600 sales worth Dh78.8 billion ($21.4 million) in 2019.

Six years later and there are 7,900 agencies with 27,000 brokers. So far in 2025, a total of 45,485 property transactions have completed, worth Dh142.7 billion.

On May 16, a real estate summit at Coca-Cola Arena will share the latest trends, rules and regulations for brokers and agents, in partnership with the Dubai Land Department.

Sink or swim

Rami Wahood has been selling homes in Dubai since the beginning of 2013 and said it remains a difficult market to break into.

“Some developers only deal with respected and reputable agencies, while others work with anybody and everybody,” he said.

“Developers pay anywhere from 2 per cent to 6 per cent. I’ve heard stories of brokers giving back all their commission, just to get in the good books of the developers.

“That gives them a higher ranking in their sales, so they are banking on getting future access to more projects or bigger bonuses in the future.”

Aida Mateu, from Spain, arrived in Dubai three months ago to take the plunge in real estate after switching her career from adolescent psychology in Barcelona.

She works for a company formed only nine months ago on a commission-only deal, so does not earn a salary.

“What is making it difficult is that it all depends on our networking and proactivity, we have to do all the legwork,” she said.

Typically, commission paid for selling off-plan property is about 5 per cent of its value. How this is split between agents and agencies varies depending on the company. Some agents claim 40 per cent of the sum, while the agency is paid the remaining 60 per cent, whereas other agencies split profit 50/50 regardless of where business originates from.

Ms Mateu, 29, is focusing her efforts on attracting buyers from Spain and Latin America through social media.

“For now, I have not closed any sales, although I am actively working on it,” she said. “The beginning is hard, especially because it is a very competitive industry, where you have to learn a lot in a short time.

“If you don’t sell, you don’t get paid. Even so, I’m motivated and I’m constantly training to get my first deals.”

Booming population

Consultants ValuStrat said about 90,000 new residents arrived in Dubai in the first quarter of 2025, edging the emirate’s population closer to the milestone four million mark.

In record transactions last year, Dubai’s housing market surpassed annual sales of Dh500 billion ($136.1 billion) for the first time.

Top performing areas were Jumeirah Village Circle, Business Bay, Dubai Hills Estate, Dubai South and Motor City.

The emirate is home to thousands of registered property brokers looking to cash in on the surging demand for villas, townhouses and apartments in a fast-growing city.

Mr Al Msaddi said he expects Dubai’s housing market to continue outperforming other cities around the world.

“People ask, ‘there’s so much supply − why are prices not going down?,’” he said. “Dubai has outperformed every area of London, New York and Singapore.

“All these cities have been growing steadily for the last 10 years but in Dubai the demand is insane. Yes, the market is sentimental, but people have built a lot more resilience than before and have a lot more faith in Dubai’s resale market, despite the global uncertainties.”

Mr Al Msaddi said Dubai’s runaway housing market has changed considerably in a decade. Tighter regulations for developers − and brokers − mean the market is more resilient and unlikely to suffer from global shocks such as the 2008 banking crisis that caused the value of homes to plummet, he said.

Big business

Some of the most luxurious Dubai properties can be the hardest to sell.

Asad Khan, chief executive of Invest Dubai Real Estate, lost almost everything in the 2008 property crash.

Since paying off his debts, he has rebuilt a property portfolio and is the registered agent to sell the Dh180 million Burj Khalifa Palace − the world’s highest penthouse.

Despite plenty of interest, the 21,000-square-foot apartment on the building’s 108th floor remains unsold.

“I remember very clearly how prices just crashed overnight in 2008,” said Mr Khan. “It’s one of those things − you fall down, you get up and learn from your mistakes. Back then, regulation was minimal.”

Mr Khan used commission from his property sales from 2003 to 2008 to fund off-plan investment apartments in International City. When the market crashed he lost most of his capital and was forced to return to the UK.

Dubai’s stricter regulatory laws have reinforced investor confidence, he said, and encouraged his return.

“Before the crash, most developers were heavily reliant on debt and with weak capital structures,” said Mr Khan, who sells mainly to British clients.

“The government has made transactions a lot more digital, everything’s online now so it’s very fast and transparent. Due to golden visas and the amount of people moving in, Dubai will be able to sustain a crash but we are seeing a lot of bigger investors being more cautious.

“When I started to work on the Burj Khalifa penthouse, I had a huge amount of interest but the market is a little bit more volatile now. It’s a sign the ultra-high-net-worth individuals are looking for a deal now, or will wait to see what happens.”

Philly2dubairealtor,……………….

Dubai Real Estate Transactions For The Week Of May 5th 2025

Transactions reached a total of 16.4 Billion AED in the week of May 5th 2025 in both Offplan and secondary market sales

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If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912

Philly2dubairealtor………..

Will Dubai Residential REIT’s IPO be the next big draw for new investors to DFM?

New Dubai IPO creates win-win formula for investors

The Dubai property boom continues. As one of the biggest names within it, Dubai Holding backed IPO offers investors another route to plug into the growth.

Dubai: As the first Dubai IPO of 2025 gets rolling, more investors – and especially non-UAE ones – are ready to sign up to trade on the Dubai Financial Market (DFM).

Dubai Holding is putting up its substantial residential portfolio through the REIT (real estate investment trust) IPO, it is a chance for newer investors – and for existing investors to keep cashing in. Because the Dubai Residential REIT IPO offers the best of both worlds:

* Access to another of Dubai’s bluest of blue-chip entities; and

* Another chance for investors to ride the Dubai property market wave. (Even one that’s showing signs of growth rates stabilizing at elevated levels.)

“Investors are getting a win-win with the latest pure-play real estate IPO,” said an analyst. “In much the same way the previous such one – from Tecom Group – did.”

According to Samer Deghaili, Co-head of Investment Banking for MENAT markets at HSBC, “IPOs have been enjoying strong, often record-breaking demand bringing in local, regional and international investors.

“Structural developments, such as the introduction of stabilisation mechanisms and an increasing awareness from issuers of the dynamics between IPO valuations and aftermarket performance are key to continued success.”

DFM keeps pulling in more

Going by the sign ups during the first three months of 2025, a lot of them have already done so. In Q1-2025, there were 19,366 new investors, of whom a staggering 86% were foreign nationals.

“Over the past three years, Dubai has witnessed an influx of foreign investors from across the investment spectrum opening offices in the emirate,” says a new report issued by HSBC on Dubai’s capital markets growth.

Foreign investors, in fact, accounted for half of all trading on the DFM at the end of 2024.

“The number of total market investors registered on DFM has now surpassed 1.2 million,” says the HSBC report.

“Some 138,262 investors registered with the exchange in 2024 and more remarkably, 85% of these were foreign, demonstrating the appetite and focus Dubai has from the global investor community. This followed an inflow of 62,676 the previous year when 73% of registrants were foreign.

“In 2022, the equivalent number was 167,332.”

To keep investors coming in for more, this is where offerings such as the Dubai Residential REIT’s come in handy. Because as has been clear from the listings made since April 2022, starting with DEWA, Dubai Government backed privatization moves have clicked big-time with investors.

“We believe the combination of a healthy IPO pipeline with growth in secondary market offerings will help to continue enhancing DFM’s liquidity,” said Nabeel AlBloushi, Head of Markets and Securities Services for the MENAT markets at HSBC.

“A strong share price performance in the months and years post-IPO opens the door for selling shareholders to monetise additional shares, boosting liquidity and free float.”

Philly2dubairealtor,…………….

Re-Blogged Via Gulf News

Brand New Handover Building In Arjan Dubai | Beverley Boulevard

Luxury units | Infinity Pool | Fitted Kitchen

Apartments for sale in Beverly Boulevard, Arjan

Units: studio-2 Bedroom
Size: 398 sqft – 1,109 sqft
Price: 750k AED-1.9 M AED

Premium Studios in Beverly Boulevard, Arjan, Dubai, UAE

PROPERTY FEATURES and AMENITIES:

Studio description –

398 square ft.
Luxury Studio
1 Bathroom
Elegant style balcony
Infinity swimming pool and sun deck for relaxation.
A state-of-the-art gym and fitness center.
Dedicated spaces for yoga and other wellness activities.
BBQ areas and outdoor lounges for socializing and leisure.
Kids’ play areas and lush green spaces for families.
24/7 security and smart home systems for enhanced safety and convenience.

Accessibility:
Around 10-15 minutes drive to Dubai Hills Estate and Mall of the Emirates.
A short distance to key business hubs like Dubai Internet City and Dubai Media City.
20-25 minutes drive to Downtown Dubai and Dubai International Airport.

Completion date September 2024

If you are searching for residential properties to buy either offplan or ready Properties in the UAE, we will give you options to suit your budget.

Be sure to join our investor contact list to be notified about prelaunch and first launch deals to ensure you get first advantage buying.

Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912

Soaring population increases Dubai real estate demand

Around 1,000 residents a day were added to Dubai population in Q1 2025 and they need somewhere to live…

2025
Villa rents rise by 5.1% and apartment rents surge by 10% annually, ValuStrat report finds

Dubai’s rising population is sending up demand for real estate in the city, according to ValuStrat analysis.

Housing demand in Dubai has reached unprecedented levels as a growing population continues to drive absorption of supply in the residential market, according to real estate consultancy ValuStrat.

By the end of March, Dubai’s population had risen to 3.92 million, with 89,695 new residents added in just the first three months of the year, an average of approximately 1,000 people per day. The net population increase for 2024 was 170,478 people, averaging less than 500 per day, ValuStrat said in a new report.

“Securing an affordable home to buy or rent is becoming more difficult in an increasingly unaffordable market,” said Haider Tuaima, managing director and head of real estate research at ValuStrat.

“There has been consistent annual growth in capital values across all segments, according to the ValuStrat Price Index, which tracks the residential market. Apartment prices have risen by 21.4 per cent, while villa prices have increased by 30.3 per cent. Rents have also surged, with villa rents up by 5.1 per cent and apartment rents rising by 10 per cent.”

The number of people seeking to buy or rent outstrips the volume of available properties. An earlier report issued by ValuStrat said that 27,000 new homes were completed in 2024, which the consultancy said was the lowest figure for six years. Meanwhile, the emirate’s population continued to grow, meaning demand was significantly outstripping supply.

Dubai’s property market has been benefiting from government initiatives, such as residency permits for retired and remote workers, expansion of the 10-year golden visa programme and overall growth in the UAE’s economy on diversification efforts.

Around 61,580 new homes are estimated to be delivered in Dubai this year, 70 per cent being apartments, and 30 per cent villas/town houses. Of these, 19 per cent, nearly 12,000 apartments and villas, were completed in the first quarter alone, ValuStrat found.

“This is not unexpected, considering that just over half of last year’s projected deliveries were ultimately handed over,” Mr Tuaima said.

ValuStrat estimated that 141,404 apartments and 29,649 villas and town houses are actively under construction, with handovers promised by 2029. Of these projects, 12 per cent is located in Jumeirah Village Circle, with another 7 per cent located in Business Bay followed by Jumeirah Lakes Towers with 5 per cent, the consultancy found.

Off-plan Oqood (contract) registrations declined by 8 per cent in the first quarter compared to the previous three months, but were 37.5 per cent higher annually, representing investments totalling Dh77.3 billion. The first quarter recorded 12,396 secondary ready home transactions, up 5.8 per cent year-on-year but down 7 per cent quarter-on-quarter, equivalent to investments worth Dh33billion, the data showed.

“ There has been consistent annual growth in capital values across all segments

The Dubai real estate market registered 9,388 mortgage transactions across all asset classes in the first three months of 2025, compared to 14,386 cash transactions of ready properties. The total sales value attributed to mortgage transactions stood at Dh21 billion, with cash transactions totalling Dh33 billion.

“The only downside this quarter was the decline in residential sales, both off-plan and ready properties, as well as a decrease in mortgage applications, though this is only when compared to the previous quarter. This trend is neither unprecedented nor unexpected and may be attributed to a mismatch between supply and demand, potentially leading to a market correction at some point,” according to Mr Tuaima.

On average, most apartment communities remain 8.1 per cent below their capital values from a decade ago. Notable exceptions include Palm Jumeirah, The Greens and Jumeirah Beach Residence. In contrast, villa valuations in Dubai are, on average, 59.9 per cent above their previous market highs from 10 years ago.

During the first quarter, villa capital gains recorded a 30.3 per cent annual and 6.2 per cent quarterly increase. The most significant yearly growth was observed in Jumeirah Islands, Palm Jumeirah, Emirates Hills and The Meadows, while Mudon recorded the lowest gains, ValuStrat found.

Apartment values posted a decelerated annual increase of 21.4 per cent and quarterly growth of 3.8 per cent. The highest capital gains over the year were seen in The Greens, Dubailand Residence Complex, Palm Jumeirah, Town Square and The Views.

Villa asking rents remained stable quarterly but were up 5.1 per cent annually. Apartment asking rents increased by 1.6 per cent quarterly and 10 per cent yearly, the consultancy said.

Philly2dubairealtor,………………

Re-Blogged via The National

Dubai to be divided into ‘urban’ and ‘rural’ zones to boost security, response times

The announcement was made through Dubai Police’s official X account and their website

Dubai Police on Saturday announced a major new initiative to divide the emirate into “urban” and “rural” zones, with the goal of improving security and response times. The announcement was made through the authority’s official X account and their website.

This strategic division will optimise the allocation of resources, including patrols and personnel, and incorporate cutting-edge smart technologies and artificial intelligence into each zone.

This reorganisation will ensure a more efficient distribution of specialised personnel across security, traffic management, and other critical services, according to Major General Khalil Ibrahim Al Mansouri, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police.

Brigadier Turki bin Faris also underscored the importance of this shift, noting that the reorganisation will boost the overall efficiency of Dubai Police operations.

He added that it will lead to faster response times, particularly in emergency situations, and improve security coverage across the entire emirate. The division of zones will also help in achieving the long-term goal of ensuring the safety, security, and happiness of the community through quicker and more effective police interventions.

The initiative is in line with the Dubai Urban Plan 2024, designed to enhance the city’s infrastructure and public safety. It is expected to significantly improve response times to incidents and emergencies, further cementing Dubai’s position as one of the world’s safest cities.

Philly2dubairealtor,……………….

Re-Blogged Via Khaleej Times

Mansory enters real estate with Dubai debut in partnership with Amaal

Germany-based luxury car modification firm to apply design approach to high-end residences

Dubai: German luxury car customisation firm Mansory has announced its entry into the global real estate sector through a partnership with UAE-based developer Amaal. The collaboration marks Mansory’s first venture into property development and will debut in Dubai.

The move aligns with forecasts positioning Dubai as the world’s leading luxury residential market in 2025, driven by increased demand from international buyers and a strong macroeconomic outlook.

Known for its high-end automotive customisation, Mansory aims to apply its design approach to real estate, with a focus on high-end residential projects. The company, which specialises in bespoke conversions of brands including Rolls-Royce, Lamborghini, and Ferrari, will extend its design ethos to architectural and interior spaces in collaboration with Amaal.

No project details have been disclosed yet, though both companies stated that more information will follow soon.

Kourosh Mansory, Founder and CEO of Mansory, said the partnership represents a brand evolution aligned with Dubai’s position as a global innovation hub. Amaal Chairman Abdulla Lahej described the collaboration as a move to elevate standards in the luxury real estate sector.

The partnership is expected to add to the growing number of luxury lifestyle brands entering Dubai’s property market, as developers seek to cater to high-net-worth individuals seeking exclusive, design-driven residences.

Philly2dubairealtor,……………

Re-Blogged via Gulf News

DAMAC partners with Chelsea FC for first football-themed luxury residences in Dubai

Dubai developer to feature on club’s shirts as 1,400-unit seafront project launches in Maritime City

Dubai luxury real estate developer DAMAC Properties has formed a new global partnership with Chelsea Football Club to launch the first-ever football-themed branded residences project, the companies announced on Wednesday.

The long-term partnership centres around “Chelsea Residences by DAMAC,” a luxury development in Dubai’s Maritime City featuring more than 1,400 residential units with seafront views and Chelsea-branded amenities focused on health, fitness, and wellbeing.

As part of the agreement, DAMAC’s logo will appear on Chelsea’s men’s and women’s team shirts for the remainder of the 2024-25 season, debuting at Thursday’s UEFA Conference League semi-final against Djurgården.

The partnership represents a significant expansion of Chelsea FC’s global brand presence, particularly in the Middle East where DAMAC has established itself as a leading luxury real estate developer over the past two decades.

“This launch marks the first of an elite collection that celebrates not just the passion of Chelsea FC but its enduring legacy, innovative spirit and relentless pursuit of excellence,” said Amira Sajwani, Managing Director of Sales & Development of DAMAC Properties. “This initiative goes beyond celebrating the beautiful game; it sets a new benchmark for those who expect nothing less than the exceptional, every time.”

The development aims to integrate Chelsea FC’s brand throughout the property’s design and services. According to the announcement, the club’s “famous brand” will be “woven into the fabric” of the residence, from its concierge service to high-performance spaces, reflecting “the very best of Chelsea FC both in terms of high-end style, commitment to excellence and vision for the future.”

“DAMAC are world-renowned in building luxury properties, and we are thrilled to be working with the industry leader to bring to market a first of its kind branded Chelsea FC residence in Dubai. With the club located in the heart of London, the collaboration will bring Chelsea to life in Dubai, supporting our continued growth on the global stage,” said Jason Gannon, President and COO of Chelsea Football Club.

DAMAC Properties, established in 2002, has delivered more than 48,000 homes across the Middle East and internationally, with another 50,000 in planning and development phases. The company has previously collaborated with luxury brands including Versace, Roberto Cavalli, and de GRISOGONO on branded residential projects.

The Chelsea Residences by DAMAC is expected to “take its place in the Dubai skyline,” though specific details regarding construction timeline and pricing were not disclosed in the announcement.

Philly2dubairealtor,……………..

Re-Blogged via Arabian Business

Dubai’s real estate sector saw $4.9 billion in transactions last week, highlighted by a $17 million apartment sale on Palm Jumeirah

The Dubai real estate sector recorded $4.9 billion in transactions and 4,662 property sales last week

Last week, the Dubai real estate market generated AED17.99 billion ($4.9 billion) in transactions, according to Land Department figures.

Sales transactions topped the results, totaling AED13.52 billion ($3.7 billion), according to Land Department data.

There were a total of 4,662 sales transactions recorded between April 14 and April 18.

Dubai real estate this week

Among the most expensive sales transactions listed on the Dubai Land Department’s website were:

•An apartment at The Alba Residences in Palm Jumeirah sold for AED61.3 million ($16.7 million).

•An apartment at Address Grand Downtown in the Burj Khalifa sold for AED51.6 million ($14.1 million).

•An apartment at The Alba Residences in the Palm Jumeirah neighborhood sold for AED51.6 million ($14 million).

Last Monday, the Land Department showed mortgage sales for AED3.66 billion ($996.5 million).

In the same year, gift transactions totaled AED805.4 million ($219.3 million).

Philly2dubairealtor,……………..

Re-Blogged Via Property News