Thursday December 26th, 2024
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Dubai to Lead Global Branded Real Estate Sector by 2031

Currently, there are 740 completed branded residences globally, with Dubai accounting for nearly 140 of these developments.

Scene Now UAE

Dubai to Lead Global Branded Real Estate Sector by 2031

Dubai is set to solidify its position as the global leader in branded real estate, with 140 branded projects expected to be completed by 2031. This announcement follows a study by Savills Global Residential Development Consultancy, which highlights the booming market for luxury branded residences.

Branded real estate, which includes high-end residences associated with renowned global brands, is a growing trend worldwide. Dubai’s dynamic property market, luxury lifestyle offerings, and world-class infrastructure have made it a prime location for these projects, with the emirate outpacing major cities like Miami, New York, Phuket, and London.

Currently, there are 740 completed branded residences globally, with a further 790 expected by 2031. Dubai alone accounts for nearly 140 of these developments, which include hotel-branded residences offering five-star amenities, as well as collaborations with leading designers.

With a forecasted 60 new brands entering the market over the next five years, Dubai is well-positioned to continue leading the charge. According to Savills’ experts, the city’s combination of luxurious amenities, innovative design, and high-quality services make it the ideal destination for branded living.

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