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GFS Developments, a Dubai-based real estate developer, inaugurated a new office in Frankfurt, Germany, aiming to connect European investors with Dubai's growing property market. The launch event featured discussions on Dubai's real estate trends, including increased transaction volumes, rising investor numbers, and a strong pipeline of off-plan projects. The company also showcased its latest residential project, Coventry Living, and emphasized Dubai's appeal due to tax advantages, investor protections, and infrastructure development.
GFS Developments, a prominent international real estate developer headquartered in Dubai, has expanded its European presence by opening a new office in Frankfurt, Germany. Located at Spaces Tower One, the office aims to serve as a bridge for investors seeking opportunities in Dubai's robust real estate market. Advertisement
The inauguration event, held recently, attracted investors and real estate professionals eager to gain insights into Dubai's dynamic property sector. Attendees were introduced to GFS Developments' latest residential project, Coventry Living, and provided with updates on the company's upcoming developments.
Michael John Collings, General Manager of GFS Developments, emphasized the strategic importance of the new office, stating that it would facilitate easier access for European clients to Dubai's investment landscape. He highlighted the company's extensive knowledge and network, now accessible in the heart of Europe.
Recent data presented at the event underscored the continued growth of Dubai's real estate market. In the first half of 2025, the total transaction volume reached 431 billion United Arab Emirates Dirhams (AED), marking a 25% increase compared to the previous year and setting a new market record. Additionally, the number of investors in the market rose to 1.3 million, including 59,000 new investors, reflecting a 22% year-on-year gain.
Collings attributed Dubai's appeal as a global investment hotspot to factors such as zero income tax, investor protection through property ownership, and an internationally competitive business environment. These elements contribute to sustained demand for both premium and affordable housing, further bolstered by world-class infrastructure, transparent regulatory frameworks, and ongoing population growth.
Market data shared at the event demonstrated that Dubai's population has surpassed 3.8 million, with forecasts predicting an increase to over 7.8 million by 2040. Real estate prices continue to see long-term gains, with the average price per square foot rising to AED 1,524 by the end of 2024, an 88.56% increase since 2009. Notably, 61% of transactions as of January 2025 were in off-plan projects, indicating strong investor confidence in Dubai's development pipeline.
Participants at the event learned that prime districts such as Jumeirah Village Circle and Dubai Hills are delivering rental yields of 7-10% for apartments, with market-leading returns and high liquidity. Meanwhile, demand for villas continues to grow, particularly among families and expatriates, supported by high-quality education, healthcare, and a stable, dollar-pegged local currency.
In closing, Collings commented that with robust economic growth projected at 3.7% for 2025, Dubai maintains its position as a top destination for high-net-worth individuals. Investors can expect continued opportunities as the city's transformation progresses.
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