Weekly Real Estate Rundown №38

Welcome to our weekly roundup of the latest real estate news and property transactions in Dubai. From notable launches to market trends, here's a recap of the most significant developments from the week of March 31st - February 4th, 2025. 

Recent Launches:

Address Villas Tiara
Location: The Oasis
Developer: Emaar

Address Villas Tiara is an upcoming luxury villa development by Emaar, situated in the prestigious new community of The Oasis. While specific details on starting prices and bedroom configurations have yet to be fully released, the project is expected to offer spacious contemporary villas designed with high-end finishes and exclusive access to community amenities. Ideal for families and end-users looking for tranquility just outside the city, this development is already attracting strong interest.

One B Tower
Location: Sheikh Zayed Road
Developer: Wasl Properties

One B Tower is a premium high-rise residential project by Wasl Properties, located along the iconic Sheikh Zayed Road. The tower features 1 to 4-bedroom apartments, duplexes, and penthouses with starting prices from AED 1.6 million. Units range from 676 sq. ft to over 4,700 sq. ft, many offering uninterrupted views of the Dubai Water Canal. With luxury amenities and a central location, One B Tower promises both investment potential and a stylish urban lifestyle.

Odessa
Location: Town Square
Developer: Nshama

Odessa is one of the latest additions to Nshama’s growing portfolio within the popular Town Square community. The development is expected to offer affordable, well-designed apartment options ideal for first-time buyers and young families. Surrounded by greenery, retail outlets, and leisure spaces, Odessa will benefit from the walkable, family-friendly lifestyle Town Square is known for. Details on starting prices and bedroom configurations are expected soon—interested buyers are encouraged to register early for updates.

Recent Market Trends This Week:

New Agreement to Streamline Property Ownership for Free Zone Companies: In a significant move toward simplifying real estate ownership, the Dubai Land Department (DLD) and the Ajman Free Zones Authority (AFZA) have signed a strategic Memorandum of Cooperation. The agreement enables companies registered in AFZA to obtain freehold ownership of property more efficiently within Dubai, aligning processes under a unified legal and regulatory framework.

This collaboration aims to enhance transparency, improve administrative processes, and create a more seamless experience for investors. By enabling greater regulatory flexibility and integration, the partnership is expected to boost investor confidence and strengthen the UAE’s position as a global business and real estate hub.

The initiative reflects ongoing efforts to enhance cooperation between government entities, while supporting the UAE’s broader economic goals of attracting foreign investment and fostering a dynamic, investor-friendly property landscape.

Record $50M Land Sale on Jumeirah Bay Island Underscores Booming Ultra-Luxury Market: Dubai’s ultra-luxury real estate sector continues to surge, with a standout AED 182 million ($50 million) residential plot sale on Jumeirah Bay Island. Spanning over 25,000 sq. ft., the transaction sets a new benchmark, reflecting growing demand for bespoke waterfront living among ultra-high-net-worth individuals.

Often dubbed "Billionaire Island," Jumeirah Bay has become one of the most coveted locations in the city, attracting elite buyers looking to design and build custom residences tailored to their personal tastes. This trend marks a shift away from off-the-shelf luxury properties toward highly personalised, one-of-a-kind homes.

The sale reinforces Dubai’s position as a leading destination for global investors, with its combination of prime real estate, strategic location, and investor-friendly policies continuing to draw in top-tier wealth from around the world.

Dubai Loop Set to Spark Fresh Wave of Real Estate Investment: Dubai’s upcoming Loop project—a high-speed underground transit system—is expected to drive a surge in real estate investment by improving connectivity across key districts. As with previous infrastructure milestones like the Dubai Metro Red Line, areas surrounding the new network are likely to see increased demand, rising rental yields, and long-term capital appreciation.

The first phase of the Loop will introduce 11 stations along a 17-kilometer stretch, offering electric transport at speeds up to 160 km/h. This enhanced mobility will make once-overlooked areas more accessible, allowing professionals working in hubs like Jebel Ali, Dubai South, and Expo City to consider lifestyle-driven communities such as Dubai Creek Harbour.

With major infrastructure projects historically boosting property values by up to 44%, the Dubai Loop is set to reshape residential preferences and redefine investment potential—further positioning Dubai as a global leader in innovation and urban development.

As the week comes to a close, Dubai's real estate market continues to showcase resilience, innovation, and investment opportunities. Stay tuned for more updates and insights as we track the dynamic developments in Dubai's property landscape.