Entrepreneur Middle East Special Edition | Real Estate Leaders July 2025
A Groundbreaking Global Destination
The World Islands are an archipelago master-planned to mirror the world’s continents. A collection of manmade islands that form a singular expression of exclusivity, they are modern in design yet timeless in appeal.
Tokenization in Real Estate
Breaking barriers, building the future.
The Innovator
Abdulla Lahej’s flagship project at Mohammed Bin Rashid City in Dubai is already changing the game when it comes to redefining modern living. But it is just the beginning.
Qatar keeps rising Resilience, reform, and regional ambition.
A New Skyline Rising
How Egypt’s capital is becoming the epicenter of real estate transformation in the region.
The Rise of Social Housing
A global shift toward inclusive urban living.
Dubai Real Estate in 2025
Where to invest for maximum growth.
Enlighten Your Eternal Beauty, Inside and Out!
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Discipline is the bridge between goals and accomplishment.
Jim Rohn
A GROUNDBREAKING
GLOBAL DESTINATION
The World Islands are an archipelago master-planned to mirror the world’s continents. A collection of man-made islands that form a singular expression of exclusivity, they are modern in design yet timeless in appeal. This innovative development occupies a place beyond imagination—a collection of private islands where an unprecedented opportunity can be found that is almost as rare as the ambition required to envision it. This remarkable artificial archipelago has added nearly 232 kilometres of beachfront to Dubai’s coastline and offers unique opportunities for the development of exclusive leisure and residential projects.
Success is not final, failure is not fatal: It is the courage to continue that counts.
Winston Churchill
IN REAL ESTATE TOKENIZATION
Breaking Barriers, Building the Future
For decades, real estate has been a favored asset class for investors looking to generate stable returns, hedge against inflation, and diversify their portfolios. Yet despite its appeal, it has remained notoriously illiquid, costly to access, and laden with regulatory complexity. But that is changing fast. Thanks to the rise of blockchain technology, tokenization is transforming how we invest in and interact with property.
By turning bricks and mortar into digital tokens, this emerging financial model is unlocking new investment pathways—making real estate more liquid, inclusive, and efficient than ever before.
What Is Real Estate Tokenization?
In simple terms, real estate tokenization is the process of representing ownership of a property—or a share of it—using blockchain-based digital tokens. These tokens are secured by smart contracts and can be traded much like stocks or cryptocurrencies.
Unlike traditional real estate investment trusts (REITs) or crowdfunding platforms, tokenized real estate allows for fractional ownership in a fully digitized, decentralized, and often more transparent environment.
Imagine owning 0.01% of a luxury Dubai villa or a Manhattan office tower—all without the paperwork, middlemen, or massive capital outlay. That’s the promise of tokenization.
How It Works
The process begins with identifying a property and determining the structure—whether the token represents equity, debt, rental income, or a hybrid. Once the asset is legally prepared, it is digitized and recorded on a blockchain. This creates security tokens that can be offered to investors through a Security Token Offering (STO).
These tokens are stored in digital wallets and traded on licensed digital asset exchanges, giving investors a much easier route into the real estate market. Transactions are secured by smart contracts, eliminating many traditional frictions such as escrow delays and notary services.
THE GLOBAL RISE OF TOKENIZED ASSETS
Tokenization isn’t just a theory—it’s already happening. According to Boston Consulting Group, the tokenized asset market could reach $16 trillion by 2030, with real estate as one of its biggest segments. Early adopters include:
> RealT (USA) – Offers fractional ownership in Detroit and Chicago rental properties.
> Propchain (UAE) – Allows fractional investment in curated real estate opportunities in Dubai and Europe.
> Lofty AI (USA) – Sells tokenized property shares starting from as little as $50.
The popularity of these platforms signals a shift in investor appetite—especially among Millennials and Gen Z, who are digitally native and priced out of traditional markets.
BENEFITS OF REAL ESTATE TOKENIZATION
1. Liquidity
Traditional real estate is notoriously illiquid. Tokenization enables near-instant secondary market trading, unlocking liquidity in what was previously a “buy and hold” environment.
2. Accessibility
With fractional investment as low as $100 in some cases, tokenization democratizes access to prime real estate markets previously limited to institutional investors or high-net-worth individuals.
3. Efficiency
Blockchain technology reduces the need for intermediaries, minimizes human error, and speeds up transactions. Smart contracts automate payments, rent distribution, and even compliance checks.
4. Transparency
Every transaction is recorded on the blockchain, providing a tamper-proof ledger of ownership, transfer history, and financial performance.
5. Global Reach
Tokenized assets can be bought by investors anywhere in the world (subject to regulation), allowing developers and asset owners to tap into global liquidity without going public.
CHALLENGES TO WATCH
As with any emerging technology, tokenization has its hurdles.
1. Regulatory Uncertainty
Real estate tokenization intersects with securities law, property law, and cross-border taxation—all of which vary greatly by jurisdiction. While the U.S. SEC, EU regulators, and the UAE’s VARA are creating frameworks, the lack of global standardization is a bottleneck.
2. Infrastructure
Exchanges, custody services, and identity verification platforms are still maturing. Some markets lack licensed secondary trading platforms that can handle tokenized securities.
3. Legal Enforcement
While blockchain records ownership, actual legal enforcement (like eviction rights or title transfers) still depends on local laws and courts. Bridging the digital-legal divide remains a key task.
4. Education & Adoption
Many investors still don’t understand blockchain or tokenization. Platforms must invest in user education, regulatory clarity, and user-friendly interfaces to attract mainstream adoption.
WHO’S INVESTING?
Tokenized real estate attracts a broad range of investors:
> Retail investors seeking diversification outside of stocks and crypto.
> Expats and diaspora populations looking to invest in their home countries remotely.
> Institutions and family offices entering the space cautiously via regulated platforms.
> Developers and asset managers looking to unlock equity in completed or underused assets.
The mix of these profiles is creating a dynamic secondary market that is more agile and inclusive than traditional property exchanges.
THE FUTURE: WHERE ARE WE HEADED?
In the next five years, real estate tokenization could become as common as online banking. Expect to see:
> National real estate registries adopting blockchain to issue tokenized titles.
> Hybrid investment products, blending traditional real estate with tokenized layers (e.g., token-backed REITs).
> AI-powered portfolio tools, allowing token holders to optimize returns across global property tokens.
> Cross-chain interoperability, enabling tokens to be traded across platforms and regions.
Governments, too, may begin using tokenization to monetize public assets, raise funds for infrastructure, or distribute social housing entitlements.
TOKENIZATION ISN’T JUST A TREND — IT’S A TRANSFORMATION
Critics may call it hype, but the fundamentals are clear: real estate tokenization is reshaping the market.
It’s not just about digitizing property. It’s about reimagining ownership, breaking down barriers, and making global real estate markets work for more people.
Whether you’re a first-time investor in your 20s, a developer seeking new capital channels, or a government trying to modernize its property systems, tokenization opens doors— literally and figuratively.
As the regulatory frameworks mature and blockchain infrastructure solidifies, tokenization won’t just be a niche—it will be the new normal.
The only place where success comes before work is in the dictionary.
Vidal Sassoon
THE INNOVATOR
Abdulla Lahej’s flagship project at Mohammed Bin Rashid City in Dubai is already changing the game when it comes to redefining modern living. But it is just the beginning.
I believe that increased competition fuels innovation, elevates standards, and ultimately benefits buyers by ensuring diversity, choice, and resilience in the market.
The Innovator | Abdulla Lahej
Why did you decide to create Amaal only two years ago?
I founded Amaal in response to the increasing demand for forward-thinking, community-focused developments that align with Dubai’s ambitious urban vision. Drawing on my extensive experience and Ayana Holding’s broad capabilities, I established Amaal as a dynamic force in the market—dedicated to redefining modern living while contributing meaningfully to the UAE’s ongoing real estate growth and innovation.
What gives you confidence there is room for a new player in Dubai’s booming real estate market?
Dubai’s ongoing real estate momentum and the influx of new developers reflect the strength and maturity of a healthy, competitive market. I believe that increased competition fuels innovation, elevates standards, and ultimately benefits buyers by ensuring diversity, choice, and resilience in the market. As a global destination, Dubai continues to attract a broad spectrum of investors, creating abundant opportunities for differentiated players to add meaningful value to the city’s evolving urban landscape.
How does Amaal differentiate itself from other developers?
Our approach goes far beyond traditional development
- we focus on creating vibrant, connected environments that prioritize livability, long-term value, and an elevated quality of life for both residents and investors. What truly sets Amaal apart is not just the integration of smart technology, but how we use it to enhance every aspect of the living experience. From intelligent energy systems and predictive maintenance to seamless community platforms and personalized digital services, our
developments are designed to be intuitive, efficient, and responsive to modern lifestyles.
We combine this with human-centric design - spaces that foster well-being, encourage connection, and reflect the evolving needs of our communities. At the heart of it all is a bespoke concierge offering that elevates every residence, delivering tailored, high-touch services that bring luxury, convenience, and hospitality into everyday life. This fusion of thoughtful innovation, precision design, and exceptional service defines the Amaal experience.
What
is the relationship with Ayana Holding?
Ayana Holding serves as the partner company of Amaal, giving us access to a comprehensive ecosystem of services - from architecture and master planning to interior design and beyond. This integrated structure enables us to deliver holistic, high-quality developments while leveraging Ayana Holding’s multidisciplinary expertise to ensure efficiency, creativity, and excellence across every stage of the project lifecycle.
What do you mean by “state-of-the-art sustainable practices and smart technologies”?
We focus on integrating advanced building materials, energy-efficient systems, and cutting-edge digital infrastructure—including smart home automation, security, and community management platforms. Our goal is to reduce environmental impact, elevate residents’ quality of life, and ensure our developments are future-ready in an increasingly connected world.
How will you promote active community engagement?
At Amaal, we design our developments to foster genuine connection - through thoughtfully planned shared spaces, engaging community events, and amenities that bring people together. We actively listen to our residents and value their feedback, ensuring our communities continue to evolve in line with their needs and aspirations.
Can you expand on current projects?
Amaal’s flagship project, Amaal 8 in Mohammed Bin Rashid City, represents the essence of our vision. The first phase sold out quickly, underscoring strong market demand, and we’re now proud to announce a landmark partnership with MANSORY for its first-ever branded residence - a bespoke Dh1.8 billion development. Meticulously crafted with MANSORY’s signature precision and design excellence, the project combines elevated luxury with smart living features to attract a global clientele. Scheduled for completion by the end of 2028, it sets a new benchmark for tailor-made, high-end living in Dubai.
How many further projects are planned?
Amaal has a strong and ambitious pipeline of projects underway, both in the UAE and abroad. We’re leveraging Ayana Holding’s broad expertise and network to deliver distinctive developments that reflect our long-term commitment to quality and innovation.
What is your long-term vision for Amaal?
I envision Amaal becoming a global benchmark for innovative, forward-thinking real estate - known not just for the quality of our developments, but for how we shape communities and redefine urban living. In ten years, I want Amaal to be synonymous with excellence, purpose-driven design, and lasting impact, contributing meaningfully to Dubai’s and the UAE’s position as a global leader in urban development.
Expected revenues for this year?
The strong sales performance of Amaal 8particularly the early sell-out of Phase 1 - speaks volumes. We’re seeing robust demand, driven by international interest and positive market momentum, and we fully expect to surpass our initial revenue projections as a result.
Partnership with Mansory - why and how does it enhance your projects?
The partnership with MANSORY is a natural alignment of values - bringing together their legacy of bespoke craftsmanship and design innovation with Amaal’s commitment to delivering distinctive, world-class living experiences. This collaboration allows us to offer a new standard of luxury that resonates with discerning buyers and sets Amaal apart in Dubai’s competitive high-end property market.
Is Dubai’s real estate market now stable and relatively immune to downturns?
Dubai’s real estate market has seen its share of cycles, but today’s landscape is significantly more stable and resilient. Investor confidence remains strong, driven by progressive regulatory reforms and the city’s enduring global appeal. What reinforces this momentum is the growing diversity of buyers and the market’s shift toward long-term, sustainable growth strategies that are redefining the sector for the better.
Why has Dubai been so successful in real estate?
Dubai’s growth is driven by visionary leadership, world-class infrastructure, and a forward-thinking regulatory environment that fosters innovation and global investment. The city’s 3.1% GDP growth in the first nine months of 2024 - led by real estate, transport, finance, and technology - reflects this momentum. Major infrastructure upgrades and the development of Al Maktoum International Airport further highlight Dubai’s future-focused planning.
Under the Urban Master Plan 2040, Dubai is targeting increased green spaces, improved mobility, and a 30% reduction in carbon emissions by 2030. Together, these efforts continue to position Dubai as a global model for innovative and resilient urban development.
Are you still surprised by Dubai’s growth?
Despite decades in the industry, I remain deeply inspired by Dubai’s relentless pace of progress and its ability to continuously redefine what’s possible. I’ve had the privilege of contributing to some of the city’s most iconic developments - landmarks that have helped shape the skyline and define Dubai’s global identity. From large-scale masterplans to transformative infrastructure projects, each milestone reflects the vision and ambition that make this city truly exceptional. For me, Dubai is more than just a place of opportunity - it’s a living canvas for innovation, and I’m proud that my journey continues to be part of its evolution.
Most memorable project at Emaar?
While I’ve had the privilege of leading many iconic developments, the projects that stand out most are those that have truly shaped Dubai’s skyline and enriched community life. My work on transformative destinations such as Downtown Dubai, including the Burj Khalifa and Dubai Mall, Dubai Marina, Dubai Hills, Creek Harbour, and Arabian Ranches reflect a philosophy I’ve carried throughout my career: to build lasting legacies, not just structures.
These developments were about more than architecture - they were about creating vibrant, connected communities that define how people live, interact, and experience the city. That same vision now drives my work at Amaal, where we continue to reimagine urban living with precision, elegance, and purpose.
What is key to success in real estate, and how important is the right team?
Long-term success isn’t just about having the right strategy - it’s about cultivating a mindset of innovation, resilience, and accountability. I believe in building teams that are not only talented, but also empowered to lead, take ownership, and challenge convention. Fostering a culture of excellence - where people feel inspired to perform at their best - is, to me, the most powerful foundation for sustainable growth.
Advice for young people who want to follow in your footsteps?
Young professionals thrive when they commit to continuous learning, embrace challenges as opportunities, and stay open to new ideas. Resilience, integrity, and hard work remain essential values, no matter how fast the world evolves. Surrounding oneself with passionate, talented individuals creates the right environment for growth, innovation, and meaningful contribution.
Business opportunities are like buses, there’s always another one coming.
Sir Richard Branson
Qatar
KEEPS RISING
Resilience, Reform, and Regional Ambition
In recent years, Qatar has emerged as a key real estate hub in the GCC, bolstered by sustained infrastructure investment, progressive ownership laws, and the global attention garnered during the FIFA World Cup 2022. As we move through 2025, the country’s property sector stands at an important
crossroads—adapting to a post-World Cup reality while embracing broader economic diversification goals under Qatar National Vision 2030.
The question on many investors’ minds is this: what does the future hold for real estate in Qatar?
A Post-World Cup Market: What Changed?
The 2022 FIFA World Cup was a turning point for Qatar—not just in terms of soft power and tourism, but also as a catalyst for real estate growth. Over $300 billion in public and private infrastructure was poured into projects like the Doha Metro, Hamad International Airport expansion, roads, ports, and real estate developments such as Lusail City, The PearlQatar, and Msheireb Downtown.
In the lead-up to the tournament, demand surged for both commercial and residential units, especially in premium zones. However, by mid-2023, there were early signs of cooling. With major infrastructure complete and the event concluded, supply began to outpace demand in some categories— particularly in high-end residential and hospitality segments.
Yet rather than contract, the market began to rebalance. The post-World Cup phase shifted attention toward long-term investment, sustainability, and local demand—anchored by reforms in ownership law, improved transparency, and strategic economic diversification.
Market Performance in 2024–2025
According to data from the Qatar Real Estate Center and industry sources like ValuStrat, the Qatari real estate market in 2024 experienced a modest overall price correction of 2–4% in residential sectors, while rental prices remained stable or increased in key locations like Lusail and West Bay.
Key figures:
> Residential sales prices (2025): Average price per sqm in Lusail stands at QAR 13,000–15,000 for apartments; villas in Al Waab and West Bay Lagoon range between QAR 9 million to QAR 15 million.
> Rental yields: Average 5.5%–6.8% for apartments; up to 7.5% for mid-tier properties in outer suburbs.
> Office sector: Sluggish post-2020 due to hybrid work trends, but Class A office spaces in Lusail and Msheireb see consistent demand from government-linked entities and international firms.
> Retail: Stabilizing, supported by tourism recovery and population growth. Demand highest in experiential retail (e.g., food halls, open-air plazas).
> Hospitality: Over 40,000 hotel keys delivered by end-2022; some consolidation underway. Luxury segment remains strong, boosted by events and luxury tourism.
The Lusail Effect
Lusail City—Qatar’s “city of the future”— continues to be a focal point. Spanning over 38 sq km, it includes residential, commercial, entertainment, and cultural districts. The city, which hosted the final match of the FIFA World Cup, has become symbolic of Qatar’s ambition to create modern, liveable urban spaces.
With projects like Place Vendôme, Crescent Tower, and the Marina District, Lusail is attracting both local and international investors. Its appeal lies in its master-planned infrastructure, waterfront lifestyle, and foreign ownership eligibility—an increasingly important driver.
The Pearl-Qatar & Msheireb Downtown: Lifestyle as a Differentiator
The Pearl-Qatar, a man-made island and freehold zone, continues to perform well in the luxury residential and hospitality segment. With Mediterranean-style architecture, high-end retail, and exclusive beach clubs, it remains a favorite among expats and high-net-worth individuals.
Meanwhile, Msheireb Downtown Doha is positioning itself as the most sustainable smart city district in the region. With solar integration, underground parking, temperature-sensitive architecture, and LEED-certified buildings, it appeals to green-conscious investors. Office leasing and boutique hospitality are the two topperforming verticals in this zone.
With Mediterranean-style architecture, high-end retail, and exclusive beach clubs, it remains a favorite among expats and high-net-worth individuals.
The Impact of Freehold and Ownership Reforms
One of the biggest transformations in Qatar’s real estate environment was the amendment of property laws in 2020, allowing non-Qatari individuals and companies to own real estate in more areas— including West Bay, The Pearl, and Lusail.
These reforms also introduced a residency-byinvestment mechanism, allowing property buyers of QAR 730,000+ to obtain residency permits without a local sponsor. For those investing QAR 3.65 million+, the permit extends to health and education benefits.
This legal clarity has been a game-changer. International buyers—especially from India, Iran, Turkey, Europe, and the UAE—have shown increased interest, and developers are responding with tailored packages, fractional ownership offers, and even crypto-payment gateways.
The Rise of Proptech & Tokenization
Qatar has also begun investing in proptech. In 2025, several local startups and government-backed initiatives are digitizing property listings, offering smart contract capabilities, and exploring real estate tokenization to increase liquidity.
The Qatar Financial Centre (QFC) has laid early groundwork for regulated digital asset exchanges and token-based fractional ownership. Developers like Qetaifan Projects and Ezdan have expressed interest in blockchain-backed sales models, potentially mirroring innovations seen in Dubai.
Though still early-stage, tokenization could democratize access to Qatar’s real estate market, especially for small and medium-sized investors in the region.
Government Support & Vision 2030
The Qatari government remains deeply involved in shaping the property landscape. Through its Qatar National Vision 2030, real estate is both a beneficiary and enabler of economic diversification.
Key initiatives include:
> Mega projects like Hamad Port Economic Zone and Industrial Cities.
> Qatar Tourism Strategy 2030, targeting 6 million annual visitors by 2030.
> Expansion of free zones through QFZA and Manateq to attract logistics, tech, and biotech companies.
> Public-private partnerships (PPPs) for housing and infrastructure, which open new channels for foreign investors.
In this context, real estate becomes a foundation for growth—not just a speculative asset.
Who’s Buying?
The typical buyer profile is evolving. In 2025, we see a mix of:
> Qatari nationals seeking lifestyle upgrades or second homes.
> Expats on long-term assignments, encouraged by residency benefits.
> Gulf investors, including Saudis, Emiratis, and Kuwaitis, looking to diversify regional portfolios.
> Asian and European investors, interested in taxfree capital gains and dollar-hedged assets.
> Institutional buyers, including regional funds and family offices, attracted by stable yields and government guarantees.
The Challenges Ahead
Despite the progress, challenges remain:
> Oversupply in luxury segments: Some areas, like high-end hotel apartments and branded residences, risk saturation unless aligned with demand.
> Transparency: While Qatar ranks well regionally, global investors still seek better data availability and valuation standards.
> Market diversification: Mid-income housing, student accommodation, and senior living remain underdeveloped sectors.
> Office vacancies: Remote work continues to reshape office demand, requiring adaptive reuse strategies.
Cautious Optimism
Looking ahead, the Qatari real estate market is expected to grow at a moderate pace of 3–4% CAGR through 2027. Residential and industrial segments are projected to outperform, while retail and hospitality stabilize post-World Cup.
Increased investor confidence, backed by clear legal frameworks, new asset types (e.g., co-living, smart homes), and digital infrastructure, make Qatar a strategic, longterm bet—especially as the country positions itself as a regional finance and tourism hub.
The rise of new urban nodes like Lusail, coupled with enhanced liveability and digitalization, signals that Qatar’s property sector is not just building homes—it’s building the foundation for the country’s next chapter.
Increased investor confidence, backed by clear legal frameworks, new asset types (e.g., co-living, smart homes), and digital infrastructure, make Qatar a strategic, long-term bet.
You can’t build a reputation on what you are going to do.
Henry Ford
A New Skyline RISING
How Egypt’s capital is becoming the epicenter of real estate transformation in the region
Cairo has always been a city of contrasts—ancient yet dynamic, chaotic yet captivating. But as we step into 2025, the Egyptian capital is no longer just a cradle of history; it’s fast becoming one of the Middle East and North Africa’s most exciting real estate frontiers.
Fuelled by record-breaking investments, ambitious national strategies, and a population craving modern urban living, Cairo’s property market is in the midst of a sweeping transformation. From sprawling gated communities and luxury towers to mixed-use smart cities, the skyline of this ancient metropolis is evolving at an unprecedented pace.
THE NEW CAPITAL AND THE RISE OF GREATER CAIRO
At the heart of Cairo’s development story is the New Administrative Capital (NAC)—the Egyptian government’s flagship project located 45 kilometers east of the current city. Envisioned as a solution to Cairo’s congestion and infrastructure challenges, the NAC is set to house ministries, embassies, financial districts, residential zones, and green spaces. Its goal? To redefine Egypt’s urban future.
Spanning over 700 square kilometers, the New Capital is expected to accommodate over 6 million people, featuring the Iconic Tower, now the tallest building in Africa, a presidential palace, and a central park twice the size of New York’s Central Park.
According to Egypt’s Ministry of Housing, over 500,000 residential units are already under construction across the NAC’s first phase. Demand for properties remains robust, especially among Egypt’s growing middle and upper-middle classes, Gulf-based Egyptian expatriates, and regional investors.
Image courtesy of Dennis Jarvis
KEY DEVELOPMENTS TO WATCH
The New Administrative Capital (NAC)
Major developers including City Edge Developments, Talaat Moustafa Group (TMG), and Misr Italia Properties have launched signature projects in the capital, such as:
> Al Maqsad by City Edge
> Il Bosco by Misr Italia
> Capital Gardens by Palm Hills Developments
These projects feature smart infrastructure, solar energy systems, and lifestyle amenities such as sports clubs, education hubs, and green corridors. Residential unit prices here range from EGP 1.7 million to over EGP 12 million, depending on size, location, and finish level.
Sheikh Zayed & West Cairo Expansion
West Cairo remains a favorite for affluent families seeking privacy, security, and spacious living. Sheikh Zayed City, 6th of October City, and the SODIC-led ZED project have all seen a surge in demand in 2025.
The ZED Towers, in partnership with Ora Developers, have become a benchmark in luxury high-rise living. Fully sold out Phase 1 units appreciated over 25% in value within two years of launch.
Palm Hills’ Badya, Egypt’s first “smart city”, is another game-changer. Spanning 3,000 acres, it’s powered by AI-driven traffic systems, energy-efficient buildings, and a digital backbone designed for tech-savvy youth.
East Cairo & New Cairo
East Cairo continues to thrive thanks to its proximity to business hubs and international schools. New Cairo is experiencing renewed momentum with:
> Mivida by Emaar Misr
> Katameya Dunes
> Fifth Square by Al Marasem
Emaar’s Cairo Gate, located on the Cairo–Alexandria Desert Road, is blending luxury villas, green parks, and premium retail experiences.
In 2025, the average price of luxury apartments in New Cairo has crossed EGP 45,000 per square meter, while villa prices in compounds like Mivida and Palm Hills are approaching EGP 20 million and above.
Mixed-Use Mega Projects
One of the standout trends in Cairo’s real estate is the surge in mixed-use, live-work-play developments. Developments like ONE NINETY by LMD, Uptown Cairo by Emaar, and Cairo Festival City by Al-Futtaim offer residential, commercial, hospitality, and retail spaces within integrated ecosystems.
These developments are drawing in both corporate tenants and lifestyle-focused residents who prefer minimal commute and maximum convenience.
MARKET PERFORMANCE AND INVESTMENT TRENDS
According to data from Colliers International and local brokerage sources:
> Cairo’s residential real estate prices grew 12.4% yearon-year in 2024, outperforming regional markets like Casablanca and Amman.
> Average rental yields in new compounds range from 6.5% to 8.2%, depending on the zone and asset type.
WHO’S BUYING?
Local demand continues to dominate the market. Cairo’s population now exceeds 22 million, and rising affluence among Egypt’s young, upwardly mobile demographic is fueling real estate sales.
But the city is also seeing increasing interest from:
> Egyptian expatriates working in the Gulf, Europe, and the US, drawn by the Golden License investment perks
> Sales activity has surged by over 30% since 2023, led by rising demand from young professionals, urban migrants, and returning expats.
Several developers have begun offering long-term payment plans, stretching from 8 to 12 years, a move that has opened the market to new segments of firsttime buyers.
and digital registration systems.
> Gulf investors seeking medium-term rental income and portfolio diversification.
> Institutional investors eyeing large-scale acquisitions of commercial, hospitality, and residential assets in the NAC.
REGULATORY AND INFRASTRUCTURE SUPPORT
Government reforms have played a crucial role in unlocking the market’s potential:
> Digital property registration and e-title deed issuance are increasing transparency.
> Major infrastructure projects like the Cairo Monorail,
CHALLENGES AHEAD
Despite the momentum, challenges remain:
> Inflation and fluctuating currency rates have impacted construction costs.
> Developers face pressure to differentiate in a crowded premium market.
> Affordable housing demand still far outweighs supply in central zones.
Metro Line 4, and ring road expansions are boosting accessibility.
> The Golden License initiative is attracting real estate FDI by offering streamlined procedures and land allocation.
However, the government’s public-private partnership (PPP) push and the upcoming Central Bank Mortgage Finance program are expected to balance supply-side gaps by 2026.
WHAT’S NEXT?
With the New Capital moving into its second phase and landmark launches like the Iconic Tower completion, Cairo is set to enter a new era of urban planning and luxury living.
Projects like Azailya by New Plan Developments, Entrada by Sorouh Developments, and Compound Vinci are poised to deliver thousands of units between 2025 and 2027. Simultaneously, the rise of co-living, branded residences, and digital nomadtargeted developments shows Cairo’s adaptability to global trends.
Cairo is rewriting its real estate narrative. 2025 marks not just a boom year, but a maturing phase for a market that once relied on volume but now focuses on value.
For investors, the message is clear: the Egyptian capital offers strong fundamentals, future-proof planning, and a market that’s increasingly transparent and globally relevant.
Whether you’re chasing ROI or a front-row seat to one of the region’s most exciting urban transformations, Cairo is more than ready — and rising fast.
Bill Gates
The Rise of SOCIAL HOUSING
A Global Shift Toward Inclusive Urban Living
In a world where skyrocketing property prices have outpaced wages and urban centers are increasingly unaffordable for everyday citizens, the importance of social housing has surged back into focus. Once seen as a solution for society’s most vulnerable, social housing is now being redefined as a fundamental pillar of sustainable and equitable city development.
From Europe to the Middle East, Asia to the Americas, governments and developers are reexamining what it means to provide dignified, affordable housing—and in many cases, they’re getting creative.
Understanding Social Housing: More Than Just Shelter
Social housing refers to homes that are subsidized, pricecontrolled, or publicly owned to ensure affordability for lowand middle-income groups. It’s often developed or managed by local governments, non-profit organizations, or public-private partnerships and can take many forms—from tower blocks to scattered-site housing.
Importantly, social housing is not just about roofs and walls. It’s about building communities, providing stability, and reducing inequality. Research consistently shows that secure housing plays a critical role in improving education outcomes,
employment opportunities, and even public health.
And in 2025, with housing affordability reaching crisis levels in many global cities, social housing has reemerged as an essential part of the solution.
The Affordability Crisis That Changed Everything
The shift didn’t happen overnight. Over the past two decades, cities around the world have experienced steep increases in property prices. In global capitals like London, New York, Dubai, and Hong Kong, even middle-income earners are being priced out of the housing market.
According to a 2024 report by the World Bank, more than 1.6 billion people globally lack access to adequate housing. At least 330 million urban households either live in substandard conditions or are financially overburdened by rent. For city planners, this reality is impossible to ignore.
The affordability crisis, exacerbated by the COVID-19 pandemic and ongoing inflationary pressures, has forced governments to reconsider market-driven housing models. The result? A surge in social housing investment and innovation.
Social housing refers to homes that are subsidized, price-controlled, or publicly owned to ensure affordability for low- and middle-income groups.
Europe Leads the Way in Modern Models
Europe has long been a leader in public and social housing, with countries like Austria, the Netherlands, and Denmark providing a blueprint for success.
In Vienna, for example, nearly 60% of the population lives in publicly owned or subsidized housing. Far from being stigmatized, this model is admired for its quality design, mixed-income integration, and long-term affordability. Developments like Seestadt Aspern—a 240-hectare smart city project—combine social housing, retail, education, and recreation, demonstrating how subsidized living can be at the forefront of urban design.
In France, the government has introduced a policy requiring cities to maintain at least 25% social housing stock, backed by strict enforcement and financial penalties for noncompliance. Paris’s suburbs are undergoing extensive regeneration with mixed-use developments that feature affordable rental units alongside market-rate apartments and cultural amenities.
The Middle East’s Evolving Approach
In the GCC region, social and affordable housing is taking on a more strategic role. Countries like the United Arab Emirates and Saudi Arabia have launched large-scale national housing programs to cater to their growing populations and support homeownership among nationals.
In the UAE, the Sheikh Zayed Housing Programme and Mohammed bin Rashid Housing Establishment are building thousands of subsidized homes for Emiratis. These programs include zero-interest loans, grants, and land allocations. Notably, they have shifted away
from one-size-fits-all villas toward community-based developments that integrate schools, parks, and job opportunities.
In Saudi Arabia, Vision 2030 has fueled a robust housing agenda, with the Sakani program delivering over 1.2 million housing solutions since its inception. New urban zones like NEOM and The Line also promise to integrate affordable housing as part of their long-term livability goals.
A New Model in North America
In the United States and Canada, the approach to social housing has long been fragmented, with underinvestment in public housing stock. However, there’s a noticeable shift.
In cities like Los Angeles, Toronto, and New York, rising homelessness and housing insecurity have triggered public outrage and political action. In response:
> New York passed a $25 billion housing plan to build 100,000 affordable units by 2030.
> California is investing in modular construction and adaptive reuse (converting old hotels and office buildings into social housing).
> In Canada, the National Housing Strategy is investing CAD 70 billion over 10 years to fund non-profit housing and rent-to-own schemes.
There’s also a wave of innovation: community land trusts, cooperative housing, and micro-housing are all being tested to keep costs down and foster resident ownership.
Asia’s Mega Cities: Scaling Up with Dignity
In Asia, the scale of urbanization is unmatched, making social housing not just a priority but a necessity.
Singapore remains a global benchmark, with over 80% of its population living in HDB flats—public housing that is well-maintained, mixed-income, and integrated with transit and amenities. Ownership is encouraged through
leasehold schemes, and flats are built with design quality and social cohesion in mind.
In China, a recent pivot from luxury development to “people-first” housing policies has led to a target of 6.5 million affordable rental homes between 2022 and 2025. Meanwhile, India’s Pradhan Mantri Awas Yojana aims to provide “housing for all,” targeting the construction of 20 million urban homes by 2025.
Private Sector Involvement: A Win-Win?
A newer trend gaining ground is the involvement of private developers in social housing delivery. Through public-private partnerships (PPPs), governments provide land, tax incentives, or financing in exchange for developers including a percentage of affordable units in their projects.
This model is especially prevalent in cities like London, Dubai, and Melbourne, where land scarcity and high construction costs make government-only solutions unsustainable.
Developers are increasingly aware that longterm profitability can coexist with affordability— especially in mixed-income, mixed-use developments. Additionally, ESG (Environmental, Social, Governance) standards are pushing real estate firms to contribute to social impact goals, with affordable housing projects often seen as flagship initiatives.
Technology and Sustainability: The Next Frontier Technology is also playing a key role. Modular construction, 3D printing, and prefabricated building systems have dramatically reduced construction costs and timelines for affordable housing.
Startups and architecture firms are creating smart, compact housing that is both dignified and efficient. Sustainability is front and center—solar power, green roofs, and low-carbon materials are being integrated into social housing across cities like Amsterdam, Copenhagen, and Dubai South.
In Africa, the combination of tech and microfinance is enabling low-income families to build homes incrementally, using digital platforms and mobile money.
Conclusion: Housing As a Human Right
The rise of social housing in 2025 is a reflection of a changing world—one that recognizes that urban success is not measured by skyscrapers alone, but by how inclusive, livable, and equitable cities are.
From mega-developments to micro-housing, from government-led schemes to private partnerships, the global housing ecosystem is adapting. While challenges remain—particularly around funding, land use, and community integration—the momentum is undeniable.
As cities face climate change, migration, and economic inequality, social housing has reemerged not as a charity, but as a necessity—a cornerstone of resilient, modern urban life.
In this new era, housing isn’t just about supply— it’s about values. And in a world where too many people still sleep without shelter, social housing offers more than real estate. It offers dignity, opportunity, and a place to call home.
From mega-developments to micro-housing, from government-led schemes to private partnerships, the global housing ecosystem is adapting.
Success usually comes to those who are too busy to be looking for it.
Henry David Thoreau
Where to Invest for Maximum Growth
in 2025 DUBAI REAL ESTATE
Dubai’s real estate market has long been a playground for international investors — and 2025 is proving to be one of its most dynamic years yet. As the emirate matures into a global lifestyle and investment destination, the city’s property market is evolving, offering a mix of luxury, affordability, and long-term potential. From iconic beachfront communities to emerging suburban hubs, Dubai presents investors with a landscape rich in opportunity.
So, where are the smart investors putting their money in 2025? Here’s a guide to the top-performing real estate hotspots in Dubai.
DUBAI CREEK HARBOUR
The Next Downtown
Developed by Emaar, Dubai Creek Harbour is one of the most talked-about investment destinations in 2025. Positioned along the banks of the historic Dubai Creek and set to be home to the now-resumed Dubai Creek Tower, the community blends nature, design, and connectivity.
With prices still competitive compared to Downtown Dubai, early investors are seeing appreciation of 8–10% year-on-year. Apartments start around AED 1.3 million, and with parks, marinas, and boardwalks now active, the area is attracting both end-users and short-term rental investors.
Why invest?
> Strategic location 10 minutes from Downtown
> Emaar’s track record of delivering lifestyle destinations
> Future home to Dubai’s next iconic tower
BUSINESS BAY
The Urban Revival
Once overshadowed by the neighboring Downtown area, Business Bay has found its stride as a mixeduse destination. New branded residences, trendy F&B outlets, and infrastructure improvements (like the Dubai Water Canal promenade) have driven both price and rental growth.
With luxury towers like Bugatti Residences, Jumeirah Living Business Bay, and ORLA setting new benchmarks, Business Bay is now a magnet for high-net-worth investors looking for city-living with river views.
Why invest?
> Central location with rising luxury appeal
> Canal-facing projects seeing strong capital gains
> High rental yields for short-term lets
DUBAI HILLS ESTATE
Green Living with City Access
This joint development by Emaar and Meraas has emerged as one of the strongest performers post2020. Dubai Hills Estate offers a mix of luxury villas, mid-rise apartments, schools, healthcare, and the massive Dubai Hills Mall — all within a masterplanned community.
With strong demand from end-users and families, capital appreciation has surged. In 2024, villa prices rose 18% YoY, and apartments averaged AED 1,500 per sq. ft. Investors are attracted by community stability, rental resilience, and long-term livability.
Why invest?
> High-quality infrastructure and schools
> Strong resale and rental demand
> Balanced mix of lifestyle and investment returns
PALM JEBEL ALI
The Rebirth of the Palm Palm Jebel Ali, relaunched by Nakheel in late 2023, is the emirate’s most ambitious luxury waterfront development since Palm Jumeirah. Twice the size of its older sibling, Palm Jebel Ali is expected to add over 35,000 residential units, beach resorts, and retail promenades.
Early sales for Phase 1 villas saw record demand, with beachfront mansions starting at AED 18 million. Investors are betting on longterm appreciation as infrastructure, marinas, and hospitality assets come online over the next 3–5 years.
Why invest?
> Future-ready smart city design
> Ultra-exclusive product with limited beachfront plots
> High long-term capital appreciation potential
JUMEIRAH VILLAGE CIRCLE (JVC)
Affordable, High-Yield Living
For mid-tier investors seeking rental returns, JVC continues to be a standout. With strong occupancy rates, an abundance of new supply, and average apartment prices under AED 1 million, the area is ideal for those eyeing passive income.
Annual rental yields hover around 7–8%, and with the influx of residents working in nearby communities like Media City and Dubai South, demand for affordable rentals continues to rise.
Why invest?
> High rental returns
> Steady price appreciation (6–8% annually)
> Strong infrastructure growth
DOWNTOWN DUBAI
The Legacy Investment
Downtown Dubai remains a stronghold for investors looking for prestige, stable appreciation, and global recognition. Anchored by the Burj Khalifa, The Dubai Mall, and the Opera District, this area is evergreen.
Prices have risen steadily over the past three years, and the launch of ultra-luxury developments like Il Primo and St. Regis Residences have introduced a new level of exclusivity. Expect capital appreciation and strong short-term rental income — especially in high season.
Why invest?
> Long-term value in a globally recognized district
> High ROI on short-term rental platforms
> Limited new supply = increasing resale value
DUBAI SOUTH
The Future of Logistics and Mobility
With Al Maktoum International Airport set to become the world’s largest, Dubai South is now a top investment pick for forward-thinking investors. Home to Expo City Dubai and major logistics zones, the area is expanding rapidly.
Communities like Emaar South and The Pulse by Dubai Properties offer villas and townhouses at relatively affordable prices. With massive government infrastructure investment underway, prices are expected to rise as more amenities and tenants move in.
Why invest?
> Expo legacy and new airport expansion
> Affordable entry points
> Long-term rental and appreciation upside
ARJAN & AL BARSHA SOUTH
The Underdog Performers
Often overlooked, Arjan and the nearby Al Barsha South are quickly gaining ground thanks to their location near Dubai Science Park, easy access to Umm Suqeim Road, and an influx of new residential and retail offerings.
Property prices are still under AED 1,100/sq. ft. on average, making them attractive to first-time investors.
Developers are also offering flexible payment plans and post-handover options.
Why invest?
> Entry-level affordability
> High tenant demand from nearby business zones
> Room for capital appreciation
MARKET OUTLOOK FOR 2025 AND BEYOND
Dubai’s real estate market in 2025 is shaped by several factors:
> Population growth (expected to surpass 4 million residents by 2027)
> Increasing foreign investor inflows from Europe, Asia, and the GCC
> Stable regulatory framework with 100% ownership and Golden Visa eligibility
> Ongoing shift to sustainability, wellness living, and smart infrastructure
According to Property Monitor, Dubai’s real estate prices grew 16% year-on-year in Q1 2025, with the luxury segment leading the charge. The Dubai Land Department expects another AED 500 billion in transactions by year-end — signaling continued confidence from both endusers and institutional players. Dubai’s real estate market continues to mature, diversify, and deliver. The emirate is no longer just a speculative playground — it’s a stable, investor-friendly ecosystem built for the long haul. And in 2025, the time to make your move is now.
Chris Grosser
Qatar launches world’s largest 3D-printed construction project with new schools
UCC Holding and Qatar’s Public Works Authority (Ashghal) have begun the printing phase of the 3D-Printed Schools Project, marking the start of the largest 3D-printed construction development ever undertaken globally.
The pioneering project involves the construction of 14 public schools, including two being fully built using 3D-printing technology, each covering 20,000sq m — a combined total of 40,000sq m.
3D-printed schools in Qatar
The developers say this makes the project 40 times larger than any existing 3D-printed building in the world, cementing Qatar’s leadership in construction innovation.
Each of the two 3D-printed schools is designed as a two-storey structure, situated on 100m x 100m plots, showcasing a scalable, sustainable model for educational infrastructure both in Qatar and across the region.
To achieve this scale, UCC Holding partnered with COBOD, a Danish global leader in 3D construction printing, to deploy two custom BODXL printers. Each printer is 50m-long, 30m-wide, and 15m-high— comparable to the size of a Boeing 737 hangar—making them the largest construction printers ever built.
Extensive groundwork preceded the launch, including site prep, equipment assembly, and more than 100 fullscale test prints. A dedicated UCC 3D construction team, comprising architects, engineers, material scientists, and printer technicians, worked for eight months at a Dohabased trial site to perfect the process.
They developed localised concrete mix designs, engineered custom print nozzles, and studied performance under extreme climate conditions.
In May 2025, the team completed intensive hands-on training with COBOD engineers, learning advanced techniques in print sequencing, structural layering, and real-time quality control.
Beyond the scale, the project offers significant environmental and operational advantages. Compared to traditional methods, 3D printing:
> Reduces raw material waste and concrete usage, cutting carbon emissions
> Minimises on-site noise, dust, and transportation needs
> Accelerates construction timelines with round-the-clock automated printing
To optimise performance and protect materials from Qatar’s intense daytime heat, printing operations are scheduled primarily at night, a move that also enhances energy efficiency and worker safety.
The schools’ architecture draws inspiration from Qatar’s desert landscape, with flowing, dune-like walls made possible only through 3D printing’s geometric freedom.
Such parametric, organic designs would be difficult or prohibitively expensive using conventional methods.
The schools are expected to be completed by the end of 2025, reinforcing Qatar’s commitment to sustainable urban development, advanced construction technology, and a smarter, greener future for public infrastructure.
Al Tareq Star officially launches Norah Residence in the heart of Jumeirah Village Circle, Dubai
Al Tareq Star, a leading real estate developer with a wide range of businesses and activities in Saudi Arabia, has announced strategic expansion plans in the United Arab Emirates. These plans include launching a portfolio of real estate development projects across key locations in the country.
As part of this expansion, the company has officially launched its first residential project in Dubai – Norah Residence – a smart and contemporary residential development in the heart of Jumeirah Village Circle, one of the city’s fastest-growing residential areas. The launch event was attended by key investors, industry stakeholders, and members of the media. The event showcased the project’s development vision, design philosophy, and unique features.
Located in Jumeirah Village Circle, Norah Residence enjoys a strategic position in the heart of Dubai, making it one of the most desirable residential destinations. The area is known for its high rental returns, increasing end-user demand, and strong appeal as a high-yield investment option for those seeking quality living, comfort, and community connection. The location also provides easy access to key highways including Sheikh Mohammed Bin Zayed Road, Al Khail Road, and Hessa Street, ensuring strong connectivity to Dubai’s main destinations. The neighbourhood offers a growing mix of restaurants, cafés, retail centres, wellness and fitness facilities, and is home to popular hospitality destinations such as FIVE JVC.
Norah Residence was developed in collaboration with the award-winning architectural firm NAGA Architects, renowned for its distinguished design work. The project includes 183 carefully designed units ranging from studios, one-bedroom, two-bedroom, two-bedroom duplex, and three-bedroom duplex apartments, catering to a wide variety of lifestyle needs.
The development combines smart home technologies with refined interior designs and provides a distinctive lifestyle experience. Residents enjoy access to recreational facilities including a cinema lounge, café, gym, yoga hall, and a children’s play area. The units offer peaceful views overlooking the pool, Halfa Park,
and the panoramic skyline featuring the iconic FIVE JVC hotel.
Unit prices start at AED 650,000, with a special 40/60 payment plan, offering an attractive investment opportunity for both residents and investors seeking long-term value in Dubai’s real estate market. The project is scheduled for handover by the end of Q2 2027.
Mrs. NORAH BINT TAREQ BIN ALI AL TAMIMI, Vice Chairperson of Al Tareq Star, said:
“At Al Tareq Star, we believe that housing goes beyond walls and structures. It creates a complete environment that supports growth and wellbeing. With Norah Residence, we were committed to delivering an urban model that reflects a modern quality of life. This project embodies our vision and mission to build contemporary communities.”
With a strong legacy of over 80 years of combined experience in Saudi Arabia, Al Tareq Star continues to lead as a developer that merges cultural depth with innovation in modern design. Norah Residence marks the company’s latest milestone and its debut project in Dubai.
Ellington joins new tokenization trend
Ellington Properties, Dubai’s leading design-led real estate developer, has announced its support for the emirate’s second tokenized property initiative, reinforcing its commitment to innovative real estate solutions. As part of this milestone project, Ellington has contributed a residential unit at Kensington Waters, a premium development located in Mohammed Bin Rashid City, enabling fractional ownership through secure, blockchain-based digital tokenization.
The initiative marks a significant step forward in democratizing real estate investment. With investment entry points starting from AED 2,000, tokenized shares of the unit at the Kensington Waters offer broader, more inclusive access to Dubai’s thriving property market. Moreover, each share is backed by official certification and powered by blockchain technology, ensuring transparency and security.
Joseph Thomas, Co-Founder of Ellington Properties, said: Supporting this transformative national initiative
reflects our commitment to innovation and to making design-led real estate more accessible. We believe real estate tokenization is a major leap forward in reshaping how people interact with and invest in property, and we are proud to be among the first developers in Dubai to embrace it.”
This collaboration not only reinforces Ellington’s forward-thinking approach but also supports Dubai’s broader vision of solidifying its position as a leading hub for the world’s most thriving digital economy. By supporting the integration of blockchain technology with real estate, Ellington Properties aims to redefine property ownership models and expand opportunities for a new generation of tech-savvy investors.
The selected property, Kensington Waters, exemplifies Ellington’s commitment to thoughtful design and modern living. Recently handed over, the development is inspired by the natural elements of water, echoing wellness, health, and happiness, offering a haven of beauty in the heart of Mohammed Bin Rashid City.
Blue Line to transform Dubai’s urban economy, turn infrastructure into ‘wealth generator’
The Dubai Metro Blue Line will transform Dubai’s urban economy, as connectivity becomes the new currency of real estate in the city, turning infrastructure into a wealth generator, a leading property expert says.
Firas Al Msaadi, CEO of fäm Properties, said the Blue Line expansion will advance Dubai’s future as a global, liveable, and investable city, bringing massive implications for real estate.
“This is not just a metro expansion, this is a game-changer for Dubai’s urban economy,” says Al Msaadi. “The moment you cut commute time you raise the productivity of the entire city.
“Transportation is not about movement - it’s about time, opportunity, and value creation. With the Blue Line, Dubai is not only connecting nine key districts, it’s connecting people to possibilities.
“Property values in and around the Blue Line - especially Dubai Creek Harbour, Academic City, and Dubai Silicon Oasis - are bound to see a clear upward shift. Connectivity is the new currency of real estate.
“But the impact will be citywide, even for those who never use the metro. Less traffic, smarter logistics, higher efficiencythat’s how infrastructure becomes a wealth generator.
Construction on the megaproject began last week with the laying of the foundation stone for the first station at Dubai Creek Harbour, and Al Msaddi said: “Once completed, this will be one of the most advanced, modern, and high-impact transportation networks in the world.
“But it’s not just about stations - it’s about shaping the future of Dubai as a global, liveable, and investable city. The Blue Line is the foundation of a faster, more productive, more connected Dubai, and the implications for real estate are massive.”
Metro and other transit projects have had a positive impact on residential properties in many major cities. “Dubai will be no different,” says Al Msaadi. “In fact, it may see an even greater impact, because its productivity is impacted by traffic like any global megacity.
“When you reduce commute times, you unlock economic output. People arrive earlier, businesses operate smoother, areas become liveable. You expand the map of investable zones.”
Among the consequences he identifies are:
> More demand for housing in connected districts
> More investor attention to undervalued areas like Academic City, Dubai Silicon Oasis, and International City
> Premium uplift in prime projects near metro lines, with Creek Harbour already in motion
> Higher rental yields for units within walking distance to stations
> Developers will rethink their masterplans with ‘metro-first’ logic
“Transportation is the one thing that benefits everyone, even those not using the metro,” says Al Msaadi. “When others take the train, you drive with less traffic. When a city becomes more fluid, your asset appreciates.
“This is how global capital flows follow infrastructure, and this is exactly the type of move that positions Dubai for longterm competitiveness in global liveability and investment benchmarks.”
In the business world, the rearview mirror is always clearer than the windshield.
Warren Buffett
IS IT TIME TO END COMMISSION ONLY CONTRACTS FOR REAL ESTATE BROKERS?
Nobody can doubt the sheer scale and size of the real estate brokers industry in Dubai. At the last count, there are 5,933 active real estate brokers and 2,285 registered brokerage offices, according to the Dubai Land Department. These numbers reflect the dynamic nature of Dubai’s real estate market, which attracts both brokers and investors.
It’s hardly surprising: In the last week of June, the Dubai real estate sector recorded AED17.73bn ($4.8bn) of transactions last week, according to data from the Land Department. In total there were 4,109 sales transactions recorded between June 23 and June 27.
Among the most expensive sales transactions listed on the Land Department website were: an apartment in Balqais Residences in Palm Jumeirah sold for AED29m ($7.9m); an apartment in The Royal Atlantis Resort and Residences in Palm Jumeirah sold for AED11.3m ($3.1m); an apartment in Bayview Apartment in Dubai Harbour sold for AED11m ($3m).
So it’s obvious why literally thousands of people –many from abroad – are flocking to Dubai for a slice of the action. Real estate brokers have never been more active.
But are they getting a fair deal? Many brokers work on commission only – meaning zero salary. Given the competitive nature of the industry, many go several months without earning anything. That only makes them more desperate to close deals, not always acting in the best interests of their client.
Worse still, many brokerages now charge their employees (who don’t get a salary) a joining fee of over $1000. Others charge for the use of a desk and phone and other basic essentials. Never mind zero salary. I know many brokers who end up on negative income each month.
That is, we are told, part of the game. It’s the risk you take in the pursuit of earning big bucks. But
should it be this way? Isn’t it time the conversation is opening on whether new regulation is needed, and brokers are paid a minimum guaranteed salary?
I believe doing so would not only be in the interests of brokers, but ultimately of buyers and sellers.
Anil Bhoyrul
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ANANTARA SHARJAH RESIDENCES
A NEW CHAPTER OF LUXURY EXPERIENCES BY THE SEA
Bringing luxury seaside living to Sharjah for the first time, owners at the Anantara Sharjah Residences enjoy access to the Anantara Sharjah Resort’s world-class amenities, including an infinity pool, five distinctive restaurants, an Anantara Spa and a state-of-the-art gym.
As an investment, owners can enjoy the benefits of a rental management scheme operated by Anantara Hotels, Resorts & Spas, allowing them to maximize their returns when they are not resident in the property.
