Explore the lucrative realm of branded residences in Dubai! Our detailed report showcases the impressive market growth and performance of branded residences in Dubai during the first half of 2024. As you explore the pages of this report, you will discover an abundance of carefully curated data, insights, and expert analysis gathered from a comprehensive network of reliable sources. This report provides a wide-ranging view of market performance, pricing trends, in-demand projects, and numerous other essential factors influencing the branded residences market. We invite you to immerse yourself in this wealth of information, equipping you with the knowledge to make well-informed decisions in the ever-evolving Dubai's Branded Residences Market. Our team of world-renowned consultants stands ready to serve you, offering unparalleled expertise and guidance to ensure your success in this vibrant sector.

KEY TAKEAWAYS

  • Record Sales Volume 5,592 branded residences sold, totaling 28.8 billion AED.
  • Significant Market Share Branded residences accounted for 7.2% of all property transactions and 12.6% of the overall transaction value in Dubai.
  • Year-on-Year Growth Transaction volumes increased by 44% and total value by 25% compared to the previous year.
  • New Developments 17 new branded projects launched, adding 7,262 units, with a total of 121 developments and 39,046 units as of June 2024.
  • High Premiums Buyers pay 69% more per square foot for branded residences than non-branded properties in the same locations.
  • Popular Locations Highest concentration of branded residences in Palm Jumeirah, Downtown Dubai, and Business Bay.
  • Beachfront Premiums Highest premiums observed in Umm Suqeim, JBR, and Pearl Jumeirah.
  • Villa Communities Lowest premiums (below 10%) in Dubai Hills, Jumeirah Golf Estates, and Arabian Ranches.
  • Under Construction Advantage Branded residences under construction cost 10% less than ready properties, highlighting strong demand and investment potential.
  • Top Brands Emaar's The Address is the most popular brand with 11 developments citywide.
  • Luxury Pricing Jumeirah Marsa Al Arab (13,300 AED/sq.ft), Bulgari Residences (11,380 AED/sq.ft), and Four Seasons Private Residences (9,257 AED/sq.ft) lead the luxury market.
  • Record Sale Most expensive property sold was a 47,700 sq.ft villa at The Ritz-Carlton Residences, Creekside for 165 million AED (45 million USD).

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