whatsapp
Published on 12/03/2024

Dubai’s Branded Residences Market Set for 20% Price Surge as Global Demand Grows

UHNWIs Drive Expansion of Branded Residences and High-End Properties

Dubai’s branded residences market is booming driven by high demand from ultra-high-net-worth individuals (UHNWIs) across India, Europe, Russia, China and the US. These investors view branded properties as both luxury living and smart investments. The market is expected to see price increases of 10-20% with some properties rising by as much as 25% depending on location and features.

3-CNN brsn

The city's rising wealth, new ultra-luxury projects and high rental income potential (predicted to grow 12% annually by 2026) are key factors fueling this demand. Developers are offering features like waterfront views, private beaches and smart home technology along with prestigious brands like Bulgari and Ritz-Carlton.

inner image (zawya)

Dubai’s appeal to UHNWIs is strengthened by its economic stability, tax advantages and government initiatives like the Golden Visa. Additionally, private islands, gated communities and exclusive cultural venues enhance Dubai’s appeal as a top destination for global elites. The city's ultra-prime real estate market looks set for continued growth, solidifying Dubai as a hub for luxury living.