Branded homes driving Dubai luxury property market, says expert

Knight Frank points to a slew of new branded residential operators entering the market, which is helping to satisfy demand from international buyers and investors for luxury homes in the city.

Jaidev Menezes, Regional Vice President of Mixed-Use Development (EMEA) at Marriott International said: “Marriott International operates three branded residences in Dubai across Bvlgari, St. Regis, and W. We have announced eight additional branded residences in Dubai which span the brands of The Ritz-Carlton, St. Regis, W, and Marriott, with more to come!”

“The growth of the branded residences portfolio is fueled by developer and purchaser demand for our well-established luxury and premium brands and our global portfolio of 225+ projects. We continue to see very strong demand across the UAE for standalone branded residences as well as mixed-use or co-located projects,” he stated.

Dean Foley, Associate Partner – Residential Project Sales & Marketing, said: “The branded residential sector has grown exponentially across Dubai over the last few years. Buyers are seeking out the best buildings with high levels of service and amenities and the stability and security offered by leading, recognised brands managing the residences.”


Read Full article: https://www.zawya.com/en/business/real-estate/branded-homes-driving-dubai-luxury-property-market-says-expert-yaaa4vuu

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