In 2016, the UAE appointed a Minister of Happiness, and became the first country to formally include “happiness” as one its key goals. As outlined in “Dubai’s Time to Shine”, the well-being of its people is at the heart of the government’s agenda; and has helped it become a destination of choice for the world’s elite. This people-centric approach weaves its way through all facets of its society, and has helped create a real estate market that is heavily tailored to the needs of both residents and investors, whether local or international.
As outlined in “Creating the Ultimate in Luxury Living”, Dubai has experienced an influx of high-net worth individuals into the Emirate in recent years, and a 48% surge in high-end property sales in 2021. Helping both spur and adapt to this growth, property developers have been adapting their offerings to cater to the needs of these buyers. As was explored in the above article, the emergence of fully bespoke luxury residences has been one major development. Another has been the increase in Branded Residences.
In simplest terms, Branded Residences are residential properties associated with a brand. Usually this includes a partnership between a brand and a property developer. Historically these affiliations have been with hotel brands which would attach private long-term residences as part of its hotel compound. More recently, Branded Residences have evolved to incorporate fashion, automobiles, jewellery, and other lifestyle brands that play a key role in designing and servicing these residential spaces.
There are a number of benefits to Branded Residences. These include the prestige of being associated with a high-end global company, turnkey support, high-end fit-out quality, attractive rental potential, and the strong assurance of high-quality service and amenities. As a result, Branded Residences achieve an average price premium over equivalent non-branded properties of approximately 30+% globally, and about 20-30% in the UAE.
Branded Residences are a natural fit for Dubai investors for a variety of reasons, not least because they give international buyers who may not be as familiar with the Dubai market the confidence and familiarity associated with well-known global brands and reputations. In addition, the high level of service provided at most Branded Residences give owners, particularly those buying second homes, comfort that their property will be well taken care of when they are travelling, and fully ready for them when they come into town.
This reality has encouraged several regional developers to collaborate with major global powerhouses, creating exclusive residences that are luxurious and recognisable, and incorporate brand touches and history to create a unique yet familiar experience.
Below are a few magnificent Branded Residences currently available in Dubai.
Newly arriving in Dubai, Six Senses, known for its wellness focus and luxurious offerings, is scheduled to open branded residences on Palm Jumeirah in 2024. Available exclusively through only select agencies such as Christie’s International Real Estate, Six Senses is offering162 ultra exclusive penthouses, villas and apartments. Its design is inspired by coral, with a cellular, outward looking design that offers both privacy and protection from the sun. The property aims to support sustainable development, while offering an extensive list of restaurants and traditional facilities, as well as specialized wellness amenities including tennis and padel courts, dedicated walking and running tracks, a micro farm, a longevity clinic and an IV lounge as well as an extensive gym and spa.
A brand almost synonymous with luxury, Italian goods retailer Bulgari has partnered with Dubai-based Meraas Holding to create the BV Residences. The residences are situated on a seahorse shaped island (connected by road to the Dubai mainland), with exquisite views of the Dubai skyline, and framed by lush gardens. The residences are designed in Bulgari’s signature style and elegance, and the property offers a private beach and marina, as well as a full range of luxury amenities. Services such as housekeeping, catering, butler services, personal shopper and a 24-hour concierge are readily available to residents.
Saudi mega-developer Dar Al Arkan is partnering with Pagani, one of the world’s most exclusive high performance automobile makers, to create the spectacular DaVinci Tower on the shores of the Dubai Canal. The tower consists of high-end apartments with private outdoor spaces, and a one-of-a kind penthouse, with exquisite interiors tailored by Pagani. Residents have access to a fully equipped gymnasium, swimming pool and a stunning sky garden, as well as a round-the-clock concierge and security service.
Company Name: Beth Hirshfeld
Contact Person: Beth Hirshfeld – Private Client Advisor
Email: Send Email
Phone: +971 55 211 9517
Address:P03, Bay Square 2, Business Bay P.O. Box: 25129
Country: United Arab Emirates