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Dubai real estate is telling a new story, and agents need to listen

Buyers today are far more diverse nationally, financially, and emotionally

Donna Lee-Elliott
Donna Lee-Elliott

06 August, 2025

Dubai real estate is telling a new story, and agents need to listen
Donna Lee-Elliott, chief of sales, OCTA Properties/Image: Supplied

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In the blink of an eye we have made it to the first half of 2025, and Dubai’s real estate market is not only outperforming expectations – it’s evolving with a deeper sense of purpose.

We saw nearly 99,000 property transactions in just six months, a record-breaking number that speaks volumes about investor confidence. But what fascinates me more than the data is the shift in mindset. Behind those transactions are people asking questions that go far beyond square footage and ROI. They’re asking about where to raise their children, how the healthcare system functions, and what kind of life they can build here. That tells me this market is growing in maturity, not just volume.

Buyers today are far more diverse nationally, financially, and emotionally. I’ve met families from across Europe – Germany, Portugal, Spain, France, the Netherlands – many of whom had never previously considered Dubai. What’s changed? It’s not just about opportunity anymore; it’s about lifestyle, stability, and the genuine intention to make Dubai a long-term home.

This shift isn’t confined to residential property alone. For the first time in nearly twenty years, I’ve had the opportunity to launch off-plan commercial buildings in Motor City, JVC, and Business Bay.

The response has been electric. Entrepreneurs are looking for practical, well-sized Grade A spaces to set up businesses here. It’s clear that Dubai’s reputation as a commercial hub is being translated into real, bricks-and-mortar investment.

The question that often follows such growth is whether prices will correct itself. My honest opinion? Yes, but modestly, and selectively.

Read: Investors are rushing to Dubai: Here’s why you shouldn’t wait

Prime and emerging areas will remain robust due to limited supply and sustained demand, especially as Dubai’s population nears the 4 million mark and continues rising. Where we might see softening is in less strategic locations or from developers who have failed to deliver on promised lifestyle value. There’s been some buzz about a slight dip in off-plan activity, but this is not a downturn – it’s a recalibration.

Not all families moving to Dubai are looking for ready homes – they’re taking the time to rent, understand communities, and buy with more clarity.

Meanwhile, off-plan options remain attractive to international buyers dealing with cross-border finance limitations, thanks to flexible payment structures. Both segments are strong, just driven by different needs.

Finally, the recently announced First-Time Home Buyer initiative is a game-changer. This new approach aims to make property ownership more accessible for residents by offering priority access to new launches, preferential pricing, and flexible payment plans. Eligible buyers – UAE residents over 18 who don’t own freehold property in Dubai – can also benefit from tailored mortgage solutions and interest-free installments on registration fees.

It’s a brilliant move toward encouraging homeownership among mid-income residents and cultivating long-term stability. I see this resonating not just with young professionals but with families exploring how to support their adult children onto the property ladder.

It’s another example of how Dubai is proactively shaping a market that’s resilient, inclusive, and ready for the future.

So yes, the numbers are thrilling, but the real story is quieter and more powerful – it’s the story of people choosing to stay, to build, and to belong. That’s what makes Dubai’s real estate scene in 2025 not just impressive, but profoundly meaningful.

UAE earthquake: 2.0 magnitude tremor strikes Khor Fakkan

The country remains under the influence of a weak surface low-pressure system extending from the east, accompanied by an upper air trough

Nida Sohail
Nida Sohail

06 August, 2025

UAE earthquake: 2.0 magnitude tremor strikes Khor Fakkan
Image credit: Getty Images

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A 2.0 magnitude earthquake was recorded in Khor Fakkan at 20:35 (UAE time) on Tuesday, August 5, 2025, according to the National Seismic Network of the National Centre of Meteorology (NCM).

As far as the weather conditions in the country is concerned, as the UAE steps deeper into August, the National Center of Meteorology (NCM) has released its five-day weather forecast, offering a glimpse into the atmospheric shifts expected from Wednesday, August 6 to Sunday, August 10, 2025, a WAM report said.

Read-UAE’s summer nears its end: Relief from extreme heat soon

The country remains under the influence of a weak surface low-pressure system extending from the east, accompanied by an upper air trough. This setup is expected to bring a mix of clear skies, cloud build-ups, and localised rain, alongside the more familiar summer heat and dusty breezes.

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The NCM also issued an alert on Tuesday, August 5, advising precautions during strong convective cloud activity associated with rainfall and strong winds over some eastern areas. Loose objects and weak structures may pose hazards due to strong winds and reduced visibility. Residents are advised to avoid areas with accumulated rain.

Hazy and hot midweek start

Wednesday, August 6, kicks off with generally fair to partly cloudy skies.

As the afternoon approaches, there’s a chance for convective cloud development, especially over eastern regions, potentially triggering brief showers.

Daytime winds, southeasterly to northeasterly, will be light to moderate, occasionally picking up speed and stirring blowing dust, particularly in inland and open areas. Wind gusts could reach up to 40 km/h, making for hazy conditions at times. On the coast and over the islands, wind speeds are expected to peak at 35 km/h.

Despite the atmospheric instability, sea conditions will remain slight, both in the Arabian Gulf and the Oman Sea.

Temperature-wise, it’s shaping up to be another scorcher. Inland regions could see highs nearing 49°C, with humidity dipping as low as 10 per cent.

Coastal and island areas will be slightly milder, ranging between 40°C to 45°C, though with higher humidity levels of up to 90 per cent. Mountain areas will offer some respite, with temperatures topping out around 39°C, coupled with moderate humidity.

Shifting skies and afternoon surprises

The days that follow carry a familiar rhythm, but with subtle daily shifts.

On Thursday and Friday, skies will remain fair to partly cloudy, with increased chances of convective cloud formation over the eastern and southern parts of the country. Afternoon rain showers are likely in these areas, providing brief but welcome relief from the intense heat.

Winds during these days will continue to blow from the southeast to northeast, ranging from 10–25 km/hr, but occasionally picking up to 40 km/h, especially during the hottest parts of the day. This may stir dust and sand, reducing visibility in some locations.

Sea conditions are expected to remain slight, offering safe navigation for coastal activities.

Weekend outlook: Cloud cover and light breezes

Heading into the weekend, Saturday and Sunday promise similar weather patterns, with skies remaining mostly clear to partly cloudy. There’s a continued possibility of convective clouds forming in the east by the afternoon, with chances of isolated rainfall persisting.

Winds will maintain their southeasterly to northeasterly direction, peaking around 35–40 km/hr, enough to stir up occasional dust without significantly affecting daily life. The sea remains slight, ensuring relatively calm waters for maritime activities.

What to expect and prepare for

While much of the UAE will experience typical summer heat, residents in eastern and southern areas should be on the lookout for sudden weather changes, especially in the afternoons. Scattered rain, even if brief, may affect driving conditions or outdoor plans.

Dusty winds may also reduce visibility during peak hours, particularly in open desert regions. It’s advisable to take necessary precautions if traveling during the hotter parts of the day.

The NCM continues to monitor the conditions closely and urges residents to stay informed through official updates, especially when planning outdoor or marine activities.

How AIR’s founder is building the future of real estate tech

Milad Monshipour’s AIR platform is using Dubai as a launchpad to build AI-native property journeys that eliminate inefficiency and friction

Rajiv Pillai
Rajiv Pillai

06 August, 2025

How AIR’s founder is building the future of real estate tech
Milad Monshipour, the founder and CEO of AIR/Image: Supplied

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Milad Monshipour, the founder and CEO of AIR (AI Realtor), is no stranger to disrupting established sectors. After leading mobility app TAPSI to a historic IPO, he has now set his sights on real estate. With AIR, he is introducing an AI-native brokerage model, designed not just to digitalise, but to fundamentally restructure how property transactions work in one of the world’s most dynamic real estate markets: Dubai.

“Unlike surface-level system integrations that merely layer AI-based features onto traditional systems, AIR is AI-native,” says Monshipour. “It has been designed from the ground up to employ artificial intelligence as the core engine driving the entire property journey.”

AIR comprises three proprietary tools—AIR Brain, AIR Match, and AIR Value—that guide the user journey, from discovery to closing, using Dubai-specific data sets. “AIR was trained specifically on Dubai’s real estate data with advanced algorithms, enabling a level of localisation and precision unmatched by generic global tools,” he adds.

Fixing a fragmented market

Monshipour believes real estate is the Middle East’s next big tech disruption—not fintech, not mobility. The reason is clear: property transactions across the region remain opaque, heavily manual, and fragmented. “AIR aims to fix this by streamlining discovery, automating admin-heavy tasks, and providing real-time information to both buyers and agents,” he says.

Dubai’s market conditions make it ripe for this transformation. It is highly digital, fast-growing, and backed by clear regulations and data transparency. Yet the industry still depends heavily on brokers navigating inconsistent, time-consuming workflows. “In a dynamic and fast-growing market like Dubai, it is the right time to rethink how real estate operates and to give buyers and brokers a smarter, faster, and more transparent experience.”

Built inside-out, not adapted top-down

Monshipour argues that startups in the region must build with local DNA. “In markets like the UAE, and Dubai in particular, the nuances are too complex for imported models to succeed without significant adaptation,” he says. “Dubai is, in many ways, ahead of the curve globally, with advanced regulation, data transparency, seamless digital processes, and a property market that far exceeds its population size in scale and dynamism.”

AIR’s foundation reflects that philosophy. “Our data models are trained exclusively on Dubai-specific datasets, making the platform naturally attuned to local demand, legal frameworks, and customer behaviour.”

That grounding in local insight doesn’t mean AIR lacks global ambition. The startup plans to expand to other markets, but only after proving itself in Dubai. “Our first focus is to perfect the Dubai model within 6–9 months,” he says. “From there, we see strong parallels in other high-growth, high-transparency real estate markets within the GCC region, and regulatory advanced markets—Australia and the UK.”

Not replacing brokers—empowering them

Unlike narratives around AI eliminating jobs, AIR is positioning itself as a broker-enablement platform. “AIR is designed not to replace brokers, but to supercharge them,” says Monshipour. “Our AI assumes control for tasks that machines can do best… so that agents can focus on where they deliver the most value: negotiations, personalised advice, and human connection.”

He explains how AIR dynamically adjusts its involvement. “The system steps back when a human touch is needed and steps in when efficiency is paramount.”

A smarter customer journey

AIR isn’t just about flashy tech. Its tools are built for utility. AIR Brain tracks user preferences from the first point of contact. AIR Match recommends listings in real time, and AIR Assistant manages follow-ups, CRM inputs, and even viewing schedules. Meanwhile, AIR Value helps agents negotiate with real-time pricing logic.

“All this happens in the background, ensuring a seamless experience journey for the client, while the agent stays focused on relationship building and strategy,” he says.

Consumers, Monshipour notes, are rarely resistant to such innovation. “They’re actively craving better experiences and are quick to recognise when a product like AIR delivers that.”

Lessons from TAPSI

As a second-time founder, Monshipour has approached AIR with a refined playbook. “At AIR, we’re building with global scalability in mind and not limiting ourselves to traditional growth trajectories—speed and ambition matter,” he says.

“Another key shift is rethinking conventional approaches. The real estate industry is full of legacy practices, and we’re intentionally challenging those by leveraging technology in new ways.”

He’s also more deliberate about team building. “I know that having top-tier talent from the outset can significantly accelerate execution and innovation.”

Enabling a new infrastructure layer

Monshipour is clear that AIR isn’t aiming to become just another listing platform or brokerage. “We’re not just building a unicorn; we’re reimagining the entire real estate ecosystem,” he says.

“Agents will remain essential, but their roles will evolve and be significantly augmented by AI. A few high-performing, tech-enabled firms will emerge as dominant players, delivering consistent, transparent, and superior customer service, often at lower costs.”

He envisions a future where listing platforms and brokerages blur, and AIR operates as the connective tissue powering both. “That’s where the real disruption lies… becoming a unicorn is simply the starting point.”

Why Dubai?

For AIR, Dubai isn’t just a launchpad—it’s the ideal testbed. “The real estate market is large, fast-moving, and supported by some of the most advanced regulations anywhere in the world,” Monshipour says.

Read: Dubai PropTech Hub launches at DIFC Innovation Hub

He also credits the UAE’s investment climate and growing appetite for tech talent. “From an investment perspective, the success of companies like Souq, Careem, Noon, and more recently, Tabby and Huspy, has shifted investor confidence towards tech ventures.”

AIR hopes to play a role in attracting top-tier AI talent to the UAE. “Our current team reflects that ambition, and we expect this trend to accelerate as the ecosystem continues to evolve.”

IHC posts Dhs10.8bn H1 profit on robust revenues, strategic bets pay off

IHC said it is well-positioned to benefit from emerging market opportunities, supported by a growing international footprint, long-term capital strategy, and operational resilience

Gulf
Gulf

06 August, 2025

IHC posts Dhs10.8bn H1 profit on robust revenues, strategic bets pay off
Image: IHC/ X

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Abu Dhabi’s International Holding Company (IHC) reported a 31.1 per cent rise in revenue for H1 2025, reaching Dhs54.7bn, with net profit climbing to Dhs10.8bn, driven by strong portfolio performance, disciplined investments, and a standout second quarter.

The second quarter was among the group’s strongest, with revenue up 22.5 per cent year-on-year to Dhs27.5bn and net profit rising 55.3 per cent to Dhs6.7bn.

“Our H1 2025 results reflect the continued strength of IHC’s diversified model and the disciplined execution of our strategic investment agenda,” said Syed Basar Shueb, CEO of IHC. “By delivering outstanding portfolio performance and enhancing operating leverage, we are unlocking value across sectors while deepening our impact across regional and international markets.”

Key segments such as real estate, marine and dredging, hospitality and leisure, and financial services led topline and margin growth.

Real estate and construction contributed Dhs22.6bn in revenue, up 47.8 per cent year-on-year and accounting for over 41 per cent of the group’s topline.

Marine and dredging posted Dhs14.1bn, rising 10.8 per cent, while hospitality and leisure saw revenue jump 72 per cent to Dhs4.9bn. Financial services and energy also posted solid growth, rising 21.4 per cent and 161.3 per cent respectively.

Earnings per share stood at Dhs2.49, with return on equity at 10.8 per cent.

Total assets climbed to Dhs436.9bn, up 8.7 per cent from the end of 2024.

IHC’s strategic activity included the launch of Gridora, a national infrastructure platform formed with ADQ and Modon, and RIQ, an ADGM-based global reinsurance platform developed in partnership with BlackRock and Lunate.

Read: IHC, RIQ form 10-year alliance, positions Abu Dhabi as key reinsurance hub

The group also collaborated with ADQ and First Abu Dhabi Bank on a UAE dirham-backed stablecoin, and led its subsidiaries to the 2025 World Economic Forum in Davos.

Looking ahead, IHC said it is well-positioned to benefit from emerging market opportunities, supported by a growing international footprint, long-term capital strategy, and operational resilience.

IHC H1 2025 highlights

  • Multiply Group acquired a 67.91 per cent stake in European fashion retailer Tendam.

  • Reem Finance stake acquisition (69.33 per cent) to expand financial services presence.

  • eFunder rebranded to Zelo, offering digital-first invoice financing for SMEs.

  • Dirham-backed stablecoin project with FAB and ADQ to promote blockchain innovation.

  • Modon entered UK real estate via a 50 per cent joint venture in London’s 2 Finsbury Avenue.

  • Al Ain Farms acquired Al Jazira Poultry Farm for Dhs255m.

  • Aldar expanded logistics footprint with Dhs530m ALMARKAZ acquisition.

  • NMDC Group acquired 70 per cent of Emdad, adding recurring oilfield service revenue.

  • Esyasoft bought UK-based Good Energy in a Dhs53m renewable tech push.

  • PureHealth acquired a 60 per cent stake in Hellenic Healthcare Group for $2.3bn.

IHC said it will continue to “connect innovative businesses with long-term capital and operational excellence”, aiming to deliver scalable value while playing an active role in shaping the economic ecosystems of tomorrow.

Qatar weighs in on global tokenisation rules with new policy report

The Qatar Financial Centre (QFC) has unveiled a new report outlining the regulatory and infrastructure priorities needed to unlock the potential of tokenising real‑world assets

Gareth van Zyl
Gareth van Zyl

05 August, 2025

Qatar weighs in on global tokenisation rules with new policy report
Henk J. Hoogendoorn, QFC’s chief financial sector officer. (Image: Supplied)

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Qatar is setting its sights on becoming a key player in global tokenisation frameworks as the market heads towards a potential $16tn by 2030.

The Qatar Financial Centre (QFC) has unveiled a new report, produced with Global Stratalogues and the Global Blockchain Business Council (GBBC), outlining the regulatory and infrastructure priorities needed to unlock the potential of tokenising real‑world assets.

The projection for a $16tn market comes from Boston Consulting Group and ADDX, which estimate tokenisation could represent around 10 per cent of global GDP by the end of the decade.

Drawing on insights from the inaugural Digital Assets Policy Roundtable held in Doha alongside the Qatar Economic Forum earlier this year, the report, entitled From Regulation to Realisation: Shaping the Future of Digital Assets, captures consensus among regulators, financial executives and industry experts from across multiple jurisdictions.

The findings highlight five priorities: align cross‑border regulations, invest in core infrastructure, embed financial inclusion, coordinate AI‑blockchain governance and establish public‑private “tokenisation labs” to validate real‑world use cases.

“Tokenisation can unlock real value by making assets more accessible and easier to transfer,” said Yousuf Mohamed Al‑Jaida, CEO of the QFC.

“To realise this potential, we need a clear system that combines robust regulation, secure custody and practical application. This will create a trusted environment that enables institutional adoption and drives sustainable market growth.”

Pragmatism before perfection

The report urges a measured, infrastructure‑first approach to tokenisation.

“Tokenisation must serve a purpose,” said Henk J. Hoogendoorn, QFC’s chief financial sector officer.

“It should democratise access and create real‑world value. Qatar is committed to making tokenisation of real‑world assets a success.”

Maha Al‑Saadi, head of regulatory Affairs at QFC and moderator of the roundtable, added: “Regulatory clarity is not a luxury, it is a prerequisite for scalable tokenisation. Our goal is to bridge global standards with local implementation to ensure digital assets can operate within a trusted and secure environment.”

Speakers at the Inaugural Digital Assets Policy Roundtable hosted by Qatar Financial Centre alongside Qatar Economic Forum. From Left: Patrick Tan (HELIX), Zane Suren (Zodia Custody), Shaun Swan (QFCRA), Mohammel Al-MXXX) Heinz Konzett (Lichtenstein), Henk J. Hoogendoorn (QFC), Arjun Vir Singh (ADL), Saloi Benbaha (XDC Network), Giovanni Everduin (CBI), Sandra Ro (GBBC), Jorge Carrassco (FTI), Tanvi Singh (GBBC), Michal Gromek (Global Coalition to Fight Financial Crime), Maha Al-Saadi (QFC), Oscar Wendel (Global Stratalogues), Bashir Kazour (Taurus).
Speakers at the Inaugural Digital Assets Policy Roundtable hosted by Qatar Financial Centre alongside Qatar Economic Forum. From Left: Patrick Tan (HELIX), Zane Suren (Zodia Custody), Shaun Swan (QFCRA), Mohammel Al-MXXX) Heinz Konzett (Lichtenstein), Henk J. Hoogendoorn (QFC), Arjun Vir Singh (ADL), Saloi Benbaha (XDC Network), Giovanni Everduin (CBI), Sandra Ro (GBBC), Jorge Carrassco (FTI), Tanvi Singh (GBBC), Michal Gromek (Global Coalition to Fight Financial Crime), Maha Al-Saadi (QFC), Oscar Wendel (Global Stratalogues), Bashir Kazour (Taurus).

Co‑author of the report and founder of Global Stratalogues, Oscar Wendel, said: “This report distils the collective intelligence of global thought leaders, financial experts and regulators. It is designed to help lay the policy foundations for inclusive and interoperable digital asset markets worldwide.”

Oscar Wendel, Founder & Chairman, Global Stratalogues and co-author of the report, closes the Inaugural Policy Roundtable in Doha.

Regional momentum

The Gulf is emerging as a testbed for tokenisation innovation.

In Dubai, the Virtual Assets Regulatory Authority (VARA) has introduced a regulated framework for asset‑referenced virtual assets, enabling tokenised real estate offerings. One recent example saw Prypco Mint sell out a Dh1.75 mn tokenised villa in under five minutes. The home was tokenized by 169 investors from 40 nationalities, with an average investment size of Dh10,355.

In January, Dubai‑based DAMAC Group signed a $1bn deal with blockchain platform MANTRA to tokenise real estate projects. Both initiatives reflect a broader shift in the region towards regulated, institution‑ready tokenisation models.

The QFC’s report, available online, positions Qatar to lead regional efforts in setting digital asset standards.

With a focus on clear rules, strong infrastructure and inclusion, Doha is making a play to turn tokenisation’s promise into a lasting pillar of Gulf and global finance.

India unites against US tariff threat over Russian oil trade

The trade tensions have caused concern about the potential impact on India’s economy.

Reuters
Reuters

05 August, 2025

India unites against US tariff threat over Russian oil trade

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India’s ruling party and main opposition condemned on Tuesday a threat by US President Donald Trump to raise tariffs on goods from India over its Russian oil purchases, in a show of political unity as a trade rift deepens with Washington.

Trump had already in July announced 25 per cent tariffs on Indian imports, and US officials have cited a range of geopolitical issues standing in the way of a US-India trade accord.

Manish Tewari, a member of parliament and leader of the opposition Congress, said Trump’s “disparaging remarks hurt the dignity and self-respect of Indians”.

“The time has come to call out this constant bullying and hectoring,” he added.

BJP Vice President Baijayant Jay Panda quoted Henry Kissinger — the most powerful US diplomat of the Cold War era — in a post on X: “To be an enemy of America can be dangerous, but to be a friend is fatal.”

India’s Foreign Ministry said the country was being unfairly singled out over its purchases of Russian oil, and highlighted continued trade between Moscow and both the United States and the European Union, despite the war in Ukraine.

“It is revealing that the very nations criticising India are themselves indulging in trade with Russia,” it said in a statement issued late on Monday.

“It is unjustified to single out India,” the ministry said.

It said the EU conducted 67.5 billion euros ($78.02bn) in trade with Russia in 2024, including record imports of liquefied natural gas (LNG) reaching 16.5 million metric tons.

The United States, the statement said, continues to import Russian uranium hexafluoride for use in its nuclear power industry, palladium, fertilisers and chemicals. It did not give a source for the export information.

The US embassy and the EU’s delegation in New Delhi did not immediately respond to a request for comment.

Both the United States and EU have sharply scaled back their trade ties with Russia since it launched a full-scale invasion of Ukraine in February 2022.

In 2021, Russia was the EU’s fifth-largest trading partner, with goods exchange worth 258 billion euros, according to the EU executive European Commission.

SUDDEN RIFT

India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million barrels per day of Russian oil from January to June this year, up 1 per cent from a year ago, according to data provided to Reuters by trade sources.

It has faced pressure from the West to distance itself from Moscow since Russia invaded Ukraine. New Delhi has resisted, citing its longstanding ties with Russia and economic needs.

India’s National Security Adviser Ajit Doval is likely to travel to Russia this week on a scheduled visit, two government sources said. Foreign Minister S Jaishankar is expected to visit in the coming weeks.

The sudden rift between India and the US has been deepening since July 31, when Trump announced the 25 per cent tariff on goods being shipped to the US and for the first time threatened unspecified penalties for buying Russian oil.

Trump has said that from Friday he will impose new sanctions on Russia as well as on countries that buy its energy exports, unless Moscow takes steps to end the war with Ukraine.

The trade tensions have caused concern about the potential impact on India’s economy.

The equity benchmark BSE Sensex .BSESN closed down 0.38 per cent, while the rupee dropped 0.17 per cent versus the dollar.

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