A May ValuStrat Price Index (VPI) analysis of Dubai property values revealed that strong demand lessened the effects of flooding brought on by April’s record rainfall. Analysts at ValuStrat found that while apartment valuations grew quicker than in April, villa capital values grew at similar monthly rates. The VPI increased by 2.1% monthly and by 27.2% annually in May, hitting 174.4 points. Against a baseline of 100 points set in January 2021, villas scored 221.2 points and apartments 144 points. Read this also: Shurooq has finished the first stage of the development of Najd Al Meqsar in Khorfakkan. As per JLL Mena, Q1 2024 saw robust growth in the residential sector of the United Arab Emirates. Annual increases in Dubai’s rental and sale prices typically amounted to 21%. According to JLL’s Q1 review, sales prices in Abu Dhabi jumped by an average of 7.0 percent, while rental rates increased by an average of 4.0 percent during the same period. Data from Knight Frank indicates that in 2024, the average cost of a property in Dubai was Dh3.3 million. Depending on the kind, size, location, and amenities of the property, real estate prices in Dubai can vary significantly. Mid-range villas in suburban communities typically Dh2–3 million, while luxury penthouses or seaside mansions can easily cost more over Dh50 million. Older apartments in rural locations start at Dh400,000. Read this also: Dubai Hills Estate presents Soho’s hospitality-inspired homes. The first apartment complex to achieve so this month is Palm Jumeirah. The ValuStrat Price Index analysis states that most established villa communities in Dubai have surpassed their prior capital value peaks starting in 2024. Apartment prices increased by 1.8% per month in May, 0.2% more than in April, for a record 22.4% annual gain. The apartment capital gains from the previous year were highest in Al Quoz Fourth (29.1%), Palm Jumeirah (30.9%), The Greens (32.6%), Discovery Gardens (34%), and The Views (28.1%). Read this also: “We want to be opportunistic with new investments,” says Al Hashimi, CEO of Eshraq. In April, villa capital gains were 2.4%, while year-over-year gains were 32.5%. Villas in coveted communities including Palm Jumeirah (41.7%) and Jumeirah Islands (41.1%), Dubai Hills Estate (37.5%), Emirates Hills (32.5%), and The Lakes (32.1%) are noteworthy top achievers each year. Off-plan home contract registrations rose by 76.3 percent annually and 41.6 percent monthly, peaking at almost 10,000 transactions per month and accounting for 69.4 percent of total residential sales. In the meantime, there have been 45.9% more ready-to-move-in transactions since April, up 8.1% from the year before. Read this also: In May, Dubai real estate reaches record highs. Marina, Jumeirah Bay Island, Emirates Hills, and District One that were valued at more than Dh30 million in the premium house market. The developer sales rankings for May were headed by Emaar (16.6%), Azizi (8.5%), Sobha (8.2%), Damac (7.9%), and Nakheel (3.6%). Projects in Jumeirah Village Circle (10%), Ras Al Khor (9.5%), Meydan One (9.4%), and Dubai Hills Estate (7.7%) were the most popular off-plan locations transacted. In the meantime, Jumeirah Village Circle (8.3%), Business Bay (6.6%), Dubai Marina (5.9%), Downtown Dubai (5.3%), and Jumeirah Lake Towers (3.9%), saw the highest percentage of ready residences sold. The records held by Dubai Hills Estate and Discovery Gardens for the most off-plan homes traded in a single month were surpassed.

The Sharjah Investment and Development Authority (Shurooq) has announced the soft launch of the first phase of the “Najd Al Meqsar” project. The Sharjah Collection manages this project, which is a premier luxury hospitality and heritage tourism destination in Khorfakkan, located in the eastern region of the Emirate of Sharjah. Read this also: Dubai Hills Estate presents Soho’s hospitality-inspired homes. Phase 1 of the project includes features that promise an immersive and enriching experience for both local guests and international visitors. Accommodations include seven meticulously restored units within a house that is over a century old, each with breathtaking mountain views. Offering guests an amazing experience, the 17,210 m² property features a restaurant, reception area, and trail leading to the 300-year-old Al Meqsar Fortress. establishing an intimate connection with nature. In addition to taking in the expansive views of Khorfakkan from the walking trails, adventurers can travel a dedicated track to reach Al Rafisah Dam and experience the village’s rich history. Read this also: “We want to be opportunistic with new investments,” says Al Hashimi, CEO of Eshraq. ESG norms guided the asset’s conception, design, and construction. Shurooq’s unwavering dedication to safeguarding Sharjah’s historical and cultural heritage while facilitating global access to it is evident from this. This historic village is being developed and restored as part of a larger restoration project in the area in partnership with the Sharjah Infrastructure Development Authority (Mubadara). Great care has been taken to ensure that the finest materials are used, not only to honor the architectural legacy but also to complement the surrounding natural environment and create destinations that appeal to modern travelers. Read this also: In May, Dubai real estate reaches record highs. In the future, Phase 2, expected to be finished in the first quarter of 2026, should further enhance the visitor experience. The 16,500 m2 of additional apartments with common areas and valley views will offer a comprehensive experience. Visitors will be able to meaningfully reconnect with the region’s roots by reliving the nostalgic charm of the historic neighborhood. To safeguard and maintain the original foundation, the project is being constructed in two phases. When finished, the heritage-inspired project will provide easy access to the Wadi Wishi archeological site, trails, and other amenities for visitors. “The opening of Najd Al Meqsar marks an important moment in our pursuit to safeguard and celebrate Sharjah’s illustrious history,” said Ahmed Obaid Al Qaseer, CEO of Shurooq, while discussing the project’s potential effects on Sharjah’s tourism portfolio. In keeping with the inspirational guidelines of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, the ruler of Sharjah and a member of the Supreme Council, this endeavor marks another significant step toward remembering our history. Read this also: In Makkah, work on ten upscale residential complexes has started. Al Qaseer continued, saying, “We highlight the diversity of offerings within our emirate and continue to reinforce Sharjah’s regional and global standing in the investment and tourism sector by meticulously preserving our heritage while crafting diverse, immersive, and sustainable guest experiences.” We cordially invite visitors to embark on a voyage of exploration, camaraderie, and enlightenment among the scenic splendor and cultural diversity that characterize Sharjah as we look forward to Phase 2 and beyond. The region around Najd Al Meqsar is a living example of a vast past that spans thousands of years. The center of “Wadi Wishi” is home to the ancient Al Rafisah Fort, popularly referred to as the “Sulailat Fort.” The “Al Hanateeb tribe” formerly lived on this territory. They resided close to Wadi Wishi, a rich water source that supplied the “Afalaj” irrigation system and irrigated the surrounding area.

The Berkeley, the first completely furnished home with a hospitality theme within the Dubai Hills Estate development, has been unveiled by Soho Development, a residential real estate developer with headquarters in the United Arab Emirates. The Berkeley offers distinctive parkfront living in one of the most sought-after neighborhoods. Read this also: “We want to be opportunistic with new investments,” says Al Hashimi, CEO of Eshraq. According to the developer, the Berkeley, which was created by the esteemed LW Design Group and XBD Collective, radiates refinement for its occupants with upscale finishes that denote a singularly sophisticated way of life. Every element, it claims, is created to redefine modern life, and each element has been painstakingly chosen to guarantee a smooth living environment. The Berkeley offers a wealth of outstanding modern amenities in a lively neighborhood. The lounge is a place to relax, and the blue pool is a peaceful haven for fun and pleasure. Read this also: In May, Dubai real estate reaches record highs. To enhance outdoor life, a large, opulent sun deck offers the perfect spot for lounging and taking in the vast views. In Dubai Hills Park, family can spend quality time together while the playhouse offers a secure and creative space for kids to study, play, and develop. Completing The Berkeley’s dedication to a holistic luxury lifestyle, the wellness studio offers state-of-the-art equipment for individuals seeking physical and mental balance. It is a great addition to the residents’ leisure facilities. The upscale Dubai Hills Estate project, which offers expertly designed residential suites tastefully outfitted with custom furniture, has selected Devmark, a top UAE real estate project sales and marketing firm, as its master agent. The developer claims that the Berkeley symbolizes Soho’s shift from beachside to parkfront real estate, providing a posh lifestyle akin to affluent New York City apartments among Dubai’s serene surroundings. Read this also: In Makkah, work on ten upscale residential complexes has started. Soho is introducing its first build-to-sell project that incorporates park life, expanding on its illustrious record of creating nine luxury villas on Palm Jumeirah and “Soho Palm,” a well-liked residential structure designed for rental purposes. The CEO of Soho Development, Sahil Khosla, said, “We are thrilled to announce our new project in Dubai Hills, marking another significant milestone for Soho Development.” “We’ve seen a growing desire for a lifestyle where luxury blends with the charm of park life after our success with coastal residences, which is why we’re introducing The Berkeley. This emphasizes even more our dedication to building residences that capture the spirit of hotel life while incorporating design and innovation,” the speaker said. “Our partnership with Devmark has been essential to achieving our goals, highlighting the significance of working with individuals that have the same values as Soho. Together, we’re thrilled to present The Berkeley, which will redefine residential living, he continued. Read this also: With the vast Dubai Hills Park serving as a background, The Berkeley is ideally situated in the peace and quiet of Dubai Hills Estate. “These residences will offer an unmatched personalized living space, echoing modern aesthetics and a hotel-inspired lifestyle that are hallmarks of Soho’s properties,” said Khosla. “They will reveal panoramic views of lush greenery and create an oasis within the bustling cityscape.” The Berkeley offers a wide variety of roomy residential alternatives, including studios, one-bedroom, and two-bedroom flats, with an always-available director of residences exclusively dedicated to offering an unparalleled sense of security and comfort. He continued, “Every apartment is painstakingly designed with chic interiors, the best fixtures and fittings available, private balconies, and are fully equipped with access to superior amenities, guaranteeing that each resident has a unique and personalized living space.” “Our partnership with Soho on The Berkeley residences embodies a shared commitment to crafting exceptional living experiences,” stated Sean McCauley, CEO of Devmark. Our network of investors and buyers has responded enthusiastically to The Berkeley’s innovative idea of parkfront, hospitality-inspired living, which will raise the bar for residential developments. He continued, “We anticipate strong demand for the residences that cater to modern homeowners’ preferences, especially with Dubai Hills emerging as one of Dubai’s top five transacted areas.”