UAE Business: Dubai’s branded residences market posts solid growth – Gulf Digital News

UAE Business: Dubai’s branded residences market posts solid growth – Gulf Digital News

Dubai’s branded residential development sector continues to flourish, even rivalling major global markets such as Miami and New York for completed and pipeline projects, spurred by the investor demand for fully integrated service offering, complete with a personalised concierge service in a landmark setting, said an expert.

Following a record-breaking post-lockdown year in 2021, the real estate market in Dubai continues to perform fantastically well in 2022, especially in the prime and super-prime markets, within which Dubai’s branded residential development sector continues to flourish, as the emirate’s love affair with branded residential real estate continues, remarked Dean Foley, the head of Residential Project Sales & Marketing at Knight Frank Middle East.

"Residential development across the emirate has flourished since 2010 with the Armani Residences Burj Khalifa first in the market – since then, we have seen an explosion of this asset class with strong demand from HNW and UHNW buyers from across the globe," stated Foley.

A veteran in the branded real estate development market, Foley has been spearheading Knight Frank Middle East’s own residential project sales and marketing team since he joined the firm in Q3 2021.

"Such has been the rate of expansion that Dubai is now a global leader rivalling Miami