Springfield Properties

✨ Eid Mubarak from ! ✨ May this Eid bring joy, peace, and endless blessings to you and your loved ones. Wishing you a day filled with love, laughter, and sweet moments.

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DUBAI'S NEW RENTAL INDEX IS BASED ON STAR RATINGS FOR BUILDINGS

Dubai's new rental index will be based on a rating system for each building, and landlords may have to renovate or upgrade their properties to justify rent increases.

The Dubai Land Department on Thursday launched a new smart rental index with a classification and a rating system from one to five stars for residential buildings, based on more than 60 criteria including its location, sustainability factors, building security, age and amenities.

The DLD's new rental index is a “transformative milestone for the emirate’s real estate market”, said Farooq Syed, chief executive of Springfield Properties. “This policy ensures market stability by tying rental values directly to property quality, providing tenants with fairer pricing while encouraging landlords to invest in improvements. Such measures foster tenant satisfaction and enhance the overall quality of the rental market.”

Read the full article in www.thenationalnews.com/business/property/2025/01/02/dubais-new-rental-index-to-be-based-on-building-rating-system/

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DUBAI’S REAL ESTATE MARKET CLOSES LAST YEAR WITH EXCEPTIONAL RESULTS

Dubai’s real estate market closed 2024 with exceptional results, further establishing the city as a beacon of innovation, luxury, and strategic investment in the global property sector. According to Springfield Properties’ Q4 2024 Dubai Real Estate Market Report, total sales transaction values reached AED 116.5 billion, reflecting a 31.1% year-on-year increase, with transaction volumes surging 51.8% to 46,844 closed deals.

At the heart of this growth lies the off-plan market, which contributed over half of the total transaction value, as well as Dubai’s thriving luxury property segment, which continues to attract high-net-worth individuals and institutional investors worldwide. Established communities like Palm Jumeirah, Downtown Dubai, and Dubai
Marina remain dominant, offering a blend of exclusivity, lifestyle appeal, and long-term value.

Commenting on the results, Farooq Syed, CEO of Springfield Properties, stated: “Dubai’s real estate market continues to demonstrate remarkable strength and global appeal, underpinned by strategic planning, visionary developments,
and investor confidence. This growth is the result of a deliberate focus on meeting evolving buyer preferences while setting new benchmarks in quality, innovation, and sustainability".

Read the full article in www.gulftoday.ae

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Dubai's real estate market closed the year with impressive results! Explore our Dubai Real Estate Report 2024.

Dubai’s real estate market ended 2024 on a high note, achieving total sales transaction values of AED 423,366,734,135 and volumes of 168,407, marking a 42.4% year-on-year growth. Off-plan sales dominated, driven by innovative payment plans and high investor demand, while ready properties performed strongly in luxury and emerging areas. Population growth and infrastructure developments fueled demand across all segments, setting a robust foundation for 2025 and beyond.

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DUBAI REAL ESTATE SALES HIT $31.7BN IN Q4; PALM JUMEIRAH CLAIMS HIGHEST AVERAGE PRICE

The Dubai real estate sector saw total sales transaction values of AED116.5bn ($31.7bn) in Q4 2024, reflecting a 31.1 per cent year-on-year increase, according to a Springfield Properties report.

At the same time, transaction volumes surged 51.8 per cent to 46,844 closed deals. The numbers reflect a year of exceptional results and further establish the city as a beacon of innovation and strategic investment in the global property sector.

At the heart of the growth lies the off-plan market, which contributed more than half of the total transaction value, as well as Dubai’s thriving luxury property segment, which continues to attract high-net-worth individuals and institutional investors worldwide.

Read the full article in www.arabianbusiness.com/industries/real-estate/dubai-real-estate-sales-hit-31-7bn-in-q4-palm-jumeirah-claims-highest-average-price

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