"Unexpectedly
High: 22% Increase in Wealthy Households Ahead"
Dubai's property sector has
become a major draw for high-net-worth-individuals, leveraging luxury with
lifestyle living. It has now established itself as the world's leading
destination for branded residences, offering a range of luxurious amenities and
services to its discerning clients. The city is renowned for its diverse range
of residential offerings and provides a wide scope of options from ultra-modern
apartments to exceptional waterfront villas.
The launch of Armani Residences
in Burj Khalifa in 2010 marked the beginning of Dubai's branded residence
segment. Luxury developers and brands have since recognized the mutual benefit
of such a concept, leading to more branded residences being made available in
the city. These developments provide high-end services and amenities that
create an exclusive lifestyle experience for their residents, while also giving
the luxury brands further recognition and exposure.
In the first half of 2022, an
impressive number of transactions were recorded in the UAE. Specifically, over
3,300 transactions valued at AED160 billion were made within this 6-month
period. This is a significant milestone for the local economy and points to the
immense potential that lies ahead. The demand for branded residences has been
growing steadily and is showing no signs of slowing down in the foreseeable
future. This demonstrates great potential for the country's overall real estate
sector, and with the Qatar World Cup officially underway, there is even more
investment being poured into this sector. The combination of increased demand
and added investment will undoubtedly lead to a prosperous future for the real
estate industry in Qatar.
The branded residences segment
is among the beneficiaries of the real estate market in India. This segment has
seen a surge in demand as more and more people are opting for luxury residences
with premium amenities. Moreover, the introduction of technology-driven
services has further escalated the popularity of branded residences, making it
a preferred choice for many discerning customers.
Developing quality residential
and commercial real estate is one of the most important things a business can
do. It's important to make sure your property is well designed and built to
last. In addition, it is important to ensure that properties are affordable for
those who live or use them for 20 years under the banner of property developer
Shaikhani his group.
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