Dubai is an oasis for real estate projects under the most recognizable global brands. Read more for why branded housing with a well-known logo on the facade is in priority between property buyers.
Dubai has the highest number of branded residences globally, and a popular brand-associated properties demand a premium of an average of 31 per cent over non-branded units, according to Knight Frank’s Branded Residences Report 2019. This concentration of branded real estate is giving the emirate a strategic advantage, not just within the niche market, but across different segments.
“A well-distinguished brand, which is highly regarded internationally. Especially for new investors, who feel safer to invest into a brand they can easily relate to and its standards,” said Firas Al Msaddi, CEO of one of the Dubai real estate brokerages.
Moreover, Niall McLoughlin, senior vice-president of corporate communications and marketing at Damac Properties, says branded residences have not only commercial, but also personal value, luring HNWIs and international investors used to a premium lifestyle and having an affinity for luxury brands.
“Investing in luxury branded apartments does guarantee a high return on investment (ROI) because they are associated with a certain level of exclusivity, on-time delivery and high-quality project management,” said Ma Guolong, CEO of real estate developer behind Oriental Pearls, a joint venture with Italian luxury brand Tonino Lamborghini, which will deliver nearly 8,000 premium branded apartments in Dubai’s
After the first branded Armani Residences operated by Emaar opened in Dubai in 2010, other UAE developers have also started looking for cooperation with global fashion brands. Enshaa launched the Palazzo Versace, Meraas launched
Hotel and resort operators such as Kerzner International, The Address, The W, Jumeirah and Bvlgari have also entered the branded residence marketplace in Dubai.
Moreover, besides the evident investment opportunities, branded residences also usually offer designer’s finishing, high-class amenities and breathtaking views. For example, Palazzo Versace boasts hand-laid Italian marble and mosaic flooring, while the Armani Residences has stone, zebrawood and leather wall coverings in its ineriors.
Similarly, the glamorous Just Cavalli villas at Damac’s Akoya Oxygen in Dubailand embody the Italian brand’s daring approach to design. By combining prestige, cachet and convenience, branded residences offer a sense of exclusivity to buyers. But there’s more to these properties than exclusivity.
“By associating with some of the most well-known and trusted brands in the world, these developments present a secure choice of investment, especially for international buyers,” said McLoughlin.
IMEX Real Estate has a wide range of brand luxury real estate offers from various developers in Dubai. Contact us, and we will reveal for you all the benefits of investing in such real estate and tell you about convenient payment plans for the off-plan luxury housing under well-known brands. Our contacts:
Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)
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IMEX REAL ESTATE BROKER LLC, UAE
Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE
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