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 residences will be one of the highlights of the Dubai property market in 2023.
