Consultants Project Dubai Branded Residences To More Than Double In Five Years
Experts predict that the number of branded homes in Dubai will more than quadruple over the next five years due to the solid economic growth and rising demand for highly luxurious real estate in the emirate.
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●? An Attractiveness For Global Capital
Dubai, the Middle East's hub for commerce, finance, and aviation, has drawn money from around the world looking to invest in branded real estate.
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●? Present Situation And Prospects
Dubai is home to 51 branded residential developments, with ambitions to open 70 more by 2028. These projects include newcomers from the automobile, fashion, and design industries and well-known hotel brands.
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●? Important Development Areas
Property consultant Global Branded Residential predicts that in the upcoming years, the bulk of branded residential projects will be located in Downtown Dubai, Business Bay, Dubai Marina, and JBR.
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●? Factors Influencing Adoption
The land's accessibility and the building industry's adaptability add to Dubai's allure for luxury homes. Large-scale new-build development execution is possible for developers, providing flexibility absent from older, more restricted markets.
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●? Investment And Lifestyle Segments
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The two main types of branded homes are investment and lifestyle. Certain developments target middle-class investors with various facilities and services, even as they appeal to wealthy consumers looking for luxury real estate.
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●? Gains For Developers
Developers make more from branded homes because they can charge customers a fantastic price, even after paying a premium to include brands. Globally, sales values usually rise by 25 to 35 percent.
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●? Dubai's Property Market Is Exploding
Dubai's real estate market is expanding quickly; in the previous year, top residential real estate costs increased by more than 16 per cent. Despite this, Dubai's price is still relatively low compared to other major international marketplaces.
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●? Adaptability To Market Circumstances
Branded homes have shown to be durable even in challenging market situations because of things like delivery security and safety and the financial stability of customers who do not usually take out loans to make purchases.
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●? Belief In Upcoming Development
Developers in Dubai and Sharjah are still optimistic about the future of branded homes; they anticipate more brand entry into the market in the upcoming years and are planning more expenditure in this area.
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