Price: From AED 2.9 million (US$789,600) to AED 9.6 millionĭeveloper/Architect: DAMAC Properties/Killa Design Sales of DAMAC Bay by Cavalli’s towers A and B were launched in January, while tower C kicked off sales in February. Many high-end restaurants and stores are also within walking distance. Synced to opera music, the enormous fountain provides a water show that can be enjoyed from residents’ homes or from miles away.įuture residents of DAMAC Bay will enjoy access to a white-sand private beach, an exclusive Cavalli-branded resident lounge, infinity pools and a water maze. The highlight of the project is a grand water fountain located in the central tower. All 736 units across the three towers offer sea views. The development boasts a marine theme with decors featuring seashells, pearls and zebrafish patterns, along with an exterior that pays homage to serene ocean waves. The project features interiors designed by Cavalli, an Italian fashion firm that is known for its bold design style. Located on the highly sought-after Dubai Harbour, DAMAC Bay by Cavalli is a 42-story, three-tower luxury residential project where residents will have views of the pristine Arabian Sea and the iconic man-made island Palm Jumeirah. That has led to steep price increases in those projects, he added.īelow are five luxury projects that have launched sales since the beginning of the year. “When it comes to prime real estate sales, we noted specific demand for high-end branded residences among ultra-high-net-worth individuals thanks to their globally recognizable, consistent and signature offerings,” said George Azar, CEO of Luxhabitat Sotheby’s International Realty. Seeing the trend, developers are pushing out more residences linked to a hotel chain or a luxury brand this year.īy the end of 2022, there were 71 branded residence schemes in Dubai with a further 42 branded residences currently under construction, Mansion Global previously reported.
“As a result, investor confidence has been on the rise, which is reflected in the volume of transactions we’ve seen.”Īmong all the luxury residential projects in Dubai, branded residences in particular have been attracting high-net-worth buyers.
Castley said, using the general term for investment-based residency. “Recently introduced legislative reforms make it easier than ever to own and set up a business in Dubai, with reduced buying thresholds to get the coveted golden visa,” Mr. “My prediction for 2023 is simple: The market will continue to go up on a steady incline,” said Mark Castley, CEO of Dubai-based brokerage.
0 kommentar(er)
