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Dubai's real estate market achieved historic highs in Q1 2025, with 45,474 transactions valued at AED 142.7 billion, reflecting a 22% increase in volume and a 30% rise in value year-over-year. Off-plan sales led the market, comprising 56% of transactions, while the ready property sector also saw record results. Abu Dhabi's market showed strong growth, particularly in existing properties, with a 75% value increase driven by commercial deals and demand for move-in-ready homes.
Metric has launched Max, the first AI-powered virtual CFO for small businesses, aimed at enhancing financial decision-making in emerging markets. With new funding, the company plans to expand its services in MENA, Pakistan, and Afghanistan, integrating AI-driven tools for better financial management.In a separate development, UAE's Wafeq has partnered with Comfi to provide SMEs with instant invoice-based funding, unlocking $5 million in financing to improve cash flow and operational efficiency. This collaboration aims to simplify financial operations and enhance liquidity for businesses in the region.
UAE-based fintech startup Metric has secured a seven-figure seed round to enhance its AI-powered financial services across MENA and South Asia. The funding will support the launch of Max, the first AI CFO for small businesses, and expand access to tailored financial products for entrepreneurs in underserved markets.In a separate development, Morocco's VOVE ID has received funding to grow its AI-driven identity verification platform, aiming to revolutionize KYC processes in emerging markets. Meanwhile, Wafeq and Comfi have partnered to provide SMEs in the UAE with instant invoice-based financing, unlocking $5 million to improve cash flow and operational efficiency.
Emirates is set to expand its air cargo operations following its most successful results to date in 2024. The airline aims to enhance its services and capacity to meet growing demand in the logistics sector, reflecting a strong recovery and growth trajectory in air freight.
Indian nationals in Gulf states, despite comprising only a quarter of the diaspora, contribute nearly 40% of India's bank remittances, sending home $118.7 billion in the fiscal year 2023-24. This trend is driven by the nature of their migration, as many work alone to support families back home, often through informal channels that may significantly increase actual remittance figures. Experts predict that Gulf migration will remain significant for the next 15 to 20 years, despite shifts in remittance patterns from other regions.
Indian nationals in Gulf states, making up just over a quarter of the diaspora, contribute nearly 40% of India's bank remittances, totaling $118.7 billion in the fiscal year 2023-24. The majority work alone, sending money home to support families, with actual remittances likely higher due to informal channels. Despite a shift in remittance sources, Gulf migration is expected to remain significant for the next 15 to 20 years.
Indian nationals in Gulf states, despite comprising just over a quarter of the diaspora, contribute nearly 40% of India's remittances, sending home $118.7 billion in the fiscal year 2023-24. This significant share is attributed to their focus on work and saving, as many live alone and send money back to support families. The actual remittance figures are likely higher due to informal channels, with Gulf migration expected to remain strong for the next 15 to 20 years.
KKR and I Squared Capital are among global firms bidding for Abu Dhabi's PAL Cooling Holding, valued at around $1 billion. The competitive auction includes interest from Investcorp, CVC, and Taqa, with binding offers expected next month. This move highlights the growing appeal of district cooling systems, which offer significant energy savings and align with the UAE's sustainability goals.
Homzly is set to revolutionize the UAE's off-plan real estate market with its innovative platform, debuting at the International Property Show 2025. Designed for a global audience, it offers verified listings, immersive 3D walkthroughs, and real-time market analytics, empowering investors with transparency and data-driven insights. By eliminating reliance on intermediaries, Homzly aims to create a level playing field for both local and international buyers.
The UAE Golden Visa is expected to attract new property investors, particularly as the market adapts to changes from Trump tariffs. With a focus on homes priced above Dh2 million, recent regulations now allow buyers to secure a 10-year residency without the previous minimum requirement of Dh1 million on a Dh2 million purchase.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
dubai real estate market reports record growth in first quarter of 2025
20:16 20.04.2025
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