Since the introduction of the first branded residences in Dubai, demand for these opulent properties has not slowed down.In fact, this niche market has expanded in Dubai over the years, attracting luxury and high-end brands from different industries to establish branded residence schemes for wealthy consumers and investors.leading Dubai to become the world's capital of branded residences. When property developers realized it was a winning formula and began to capitalize on it more than ever before, we decided to take a strategic approach by providing investors, property developers, and brands with a one-of-a-kind report to offer them a spot-on first-hand benefit of this booming sector and to provide them with verified data to assist them in bringing their vision to life and optimizing this asset class.
As of the end of the first half of 2022, there were a total of 58 branded residential developments in Dubai. 46% of these high-end developments are under construction, while 54% are completed. Among the many types of branded residences, residential developments adjacent to hotels were the most popular, accounting for 36% of the total number of branded residences in the emirate. The average price per square foot for branded residences in Dubai was AED 2,721 (USD 740), reflecting a 37% price premium over non-branded developments in the same neighborhoods. During the first half of the year, 3,324 transactions totaling 16.3 billion AED were registered. Compared to the first half of 2021, the number and value of branded residence transactions have increased by 141% and 185%, respectively.
56% of transactions were primary market (off plan) transactions, demonstrating that property developers are becoming increasingly interested in the concept and that investors are eager to buy these properties, since the majority of the new developments sold out within days of their release.
The average price per square foot for an under-construction branded property was 29% higher than the price per square foot for a completed branded residence, indicating investors' optimism about the segment's future.
The downtown St. Regis Residences was the most sought-after development during the first half, when 516 properties were purchased for a total of AED 1.85 billion.
Ava Dorchester Collection at Palm Jumeirah, Bulgari Residences at Jumeirah Bay, and Mr. C Residences at Jumeirah 2 are the three most expensive branded residences in Dubai.
Dubai has become a hub for branded residences over the past decade, and it will continue to dominate international real estate markets due to the significant increase in demand from buyers all over the world, aligned with the developers' consistently seeking collaborations with brands to introduce unique schemes that will boost the city's prestige.We also anticipate an increase in eco-friendly luxury schemes Additionally, we may witness the birth of tech-branded residences in the city, bringing cutting-edge technology to residences.
Even though investing in Dubai's real estate market has tremendous potential and the price of prime real estate remains considerably lower than in other metropolitan cities , not all branded residences will maintain their value as the market matures.
In certain mature markets, branded residences sell for less than premium residences without a brand name.To avoid falling for projects with excessive hype, clients are advised to stay up to date on all market trends and to be well-versed in the industry.
Ritz Carlton Residences
- Location: Creek Harbour
- Type: Stand Alone Residential Development with Brand Association
- Developer: Mag Lifestyle Development
The Ritz-Carlton Residences is a brand-new, ultra-luxurious development on Dubai Creek. MAG Group is developing the first Ritz-Carlton Residences in the UAE in collaboration with Marriott International. The Ritz-Carlton Residences will feature apartments with two and three bedrooms, penthouses, and a total of 12 mansions. The Ritz-Carlton will fully furnish and manage all real estate. Residents of the luxurious waterfront development will experience personalized services from The Ritz-Carlton, one of the world’s leading luxury hotel brands. A la carte services include translation services, notary public services, child care services, Michelin-starred fine dining, and more.
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- Location: Palm Jumeirah
- Type: Residential development adjacent to a hotel.
- Developer: Select Group
Six Senses, one of the world’s most recognizable hotel and spa brands, is set to open the Six Senses Residences on Dubai’s famed Palm Jumeirah. This magnificent residential building places a premium on health and relaxation and is designed to mirror the feel of a resort. The development will be positioned on the Palm’s West Crescent, providing a panoramic view of the Dubai Marina skyline, JBR, Bluewaters Island, Ain Dubai, and the Emaar Beachfront cruise docks. Additionally, it has a private beach with unobstructed sea views and a 61-room hotel. The Six Senses’ residential choices are ideal for families of any size. There are 114 two-to-four-bedroom penthouses, seven Royal Penthouses with four bedrooms (two of which are bigger units known as Imperial Penthouses), 32 Sky Villas with three-to-four-bedroom duplex configurations, and nine unique Signature Beachfront Villas with five bedrooms. Each house has a fully integrated branded kitchen, a study, and an Amir’s quarters. The Royal Penthouses and Villas include private pools, while the Signature Villas, of course, provide direct beach access.
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One & Only Private Homes
- Location: Za’abeel
- Type: Residential development adjacent to a hotel.
- Developer: Investment Corporation of Dubai (ICD).
One & Only One Za’abeel private homes are located in the prestigious Za’abeel neighborhood, in the pulsing heart of the world’s most active metropolis. Soaring 60 storeys into the sky In a city distinguished for its architectural styles, One Za’abeel raises the standard to new heights. It is a stunning piece of modern architecture. created to take advantage of this desired location. The serviced homes have a variety of one-, two-, and three-bedroom units, all of which are intelligently designed to provide panoramic views of the cityscape from every point of view. Each abode has been tailored for discerning homeowners, combining modern comfort with exquisitely fashioned interiors that balance contemporary sophistication, originality, and exuberance. As a One&Only Private Home Owner, you gain access to a coveted network of privileges, here at One&Only One Za’abeel and across the One&Only world. From exclusive events and priority bookings to preferential rates and special savings, you can enjoy more of what you love, right on your doorstep and beyond.
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- Location: Business Bay
- Type: Residential developments with hotel management.
- Developer: Select Group
The Jumeirah Living Business Bay provides its inhabitants with the solitude and premium service of a five-star hotel, in addition to an elevated riverfront lifestyle replete with unrivaled lifestyle services. Jumeirah Living Business Bay provides two, three, and four-bedroom homes; five-bedroom simplex and duplex penthouses; and a full-floor master penthouse on the top level, all of which are equipped to a superior grade of quality, raising the bar for branded properties. Inspired by the marine lifestyle and nautical features of its location, Jumeirah Living Business Bay straddles the gap between art and architecture. Ongoing conversation with the glistening light and the shimmering waters of the Dubai Canal Designed to be an attractive focal point of the 35-story skyscraper, Downtown Dubai’s skyline offers a variety of 82 large homes beautifully crafted and adorned with refined details,combined with tailored brand services and facilities. Each development within the master community has been meticulously planned to offer unimpeded vistas,maximizing Peninsula’s unique waterfront location on the doorstep of Downtown Dubai. With superior finishes, ultra-premium appointments, and a design that provides the most breathtaking views of the Dubai Canal and Downtown Dubai skyline, the exquisitely crafted four-and five-bedroom simplex and duplex penthouses are destined to elevate living in the sky to an entirely new level of abundance.
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