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The demand for luxury branded homes is rising in the Dubai real estate market. The reason, as per the analysts, is the influx of extremely wealthy individuals. Investors choose branded properties due to their exclusivity, opulent interiors crafted by world-leading designers and hotel-style amenities. For example, an apartment by Six Senses on Palm Jumeirah sold for AED 26 million (USD 7.1 million). At the moment, Dubai has the greatest amount of branded residential complexes in the world—both move-in-ready and non-completed. This May had the greatest number of projects at different development stages compared to all the other markets in Europe, the Middle East and Africa. What’s more, by 2030, this number is forecast to surge by 72%. Experts believe that branded...

In the second quarter of the current year, a 4.1% growth is forecast in the Dubai property sector. Analysts predict that the number of transactions is expected to increase by 46% compared to 2022. Experts believe that the price growth in Al Yufrah 1 will reach 13.1% in the above period due to its prime location, extensive facilities and numerous amenities. Communities such as Jumeirah Beach Residence, Jumeirah Golf Estate and Wadi Al Safa 2 will also be in demand. The prices there are expected to rise by approximately 6.8-7.1%. Prices of Dubai residences in general increased by 20-40% over the past 12 months. In districts such as Palm Jumeirah and Trade Centre First, the growth reached an impressive 59% and 210%, respectively.

The construction of the Marsa Al Arab Hotel shaped like a super yacht will be completed in Q2 of 2023. It will complete the Ocean Trilogy in the prestigious district of Jumeirah, home to the wave-shaped Jumeirah Beach Hotel and the legendary sail-shaped Burj Al Arab. The hotel will include 386 rooms and suites, 83 hotel apartments and four penthouses, one of which has become the most expensive in the emirate. An anonymous buyer has recently purchased this ultra-luxurious residence for AED 420 million (USD 114 million). On the premises are wellness areas, private gardens, infinity pools, a spa, a huge fitness centre and restaurants run by international-level chefs. A marina for super yachts with over 80 berths, which inspired the entire project, is also located nearby.

A penthouse in the off-plan Marsa Al Arab Hotel was recently bought for AED 420 million (USD 114 million), becoming the most expensive residential property in the entire history of Dubai. This ultra-luxurious residence, spanning 2,288 square metres, will be located on the top level of the hotel. It’ll include a 1,579-square-metre outdoor area with a private pool and staggering views of the ocean, as well as a private lobby and two elevators. The Marsa Al Arab Hotel will comprise only four penthouses, 386 rooms and 83 apartment suites. Over 10 bars and restaurants, private gardens, green terraces, cabanas, swimming pools and spa facilities will be available in the vicinity.

Car manufacturer Bugatti, in collaboration with developer Binghatti, will be building a skyscraper in Dubai with opulent amenities and private car lifts. The futuristic Bugatti Residences will be located in Business Bay, Dubai’s business hub. The impressive, curved tower will comprise a total of 171 apartments with elegant designs and 11 premium penthouses with private pools. Residents will be able to relax on the Riviera-style beach, exercise at the ultra-modern fitness club, order haute-cuisine dishes from a chef and use valet, chauffeur and concierge services. There will also be car lifts leading from the garage straight to the penthouses.