Unique Properties shares insights on branded residences in the UAE

Unique Properties shares insights on branded residences in the UAE

- UAE is home to nearly 70,000 millionaires and counting

- Dubai will have about 90 branded communities by 2027

Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies, is observing exceptional growth of luxury branded residences across many of Dubai’s communities. With the UAE being home to nearly 70,000 millionaires, and reportedly set to witness a 22% rise in high-net-worth households by 2027, Dubai has become a lucrative destination to attract high-net-worth individuals (HNWIs), and the property sector has proved to be an attractive platform to leverage luxury with lifestyle living. These factors have contributed to Dubai’s emergence as the world’s best location for branded residences.

The world’s luxury branded residence sector has grown by an exponential 150% over the past decade. Approximately 640 branded residences account for the almost 100,000 properties that are spread across the globe, while supply levels are forecasted to nearly double and exceed 1,100 in the next three years. The Middle East will lead this charge with a projected supply increase of 86%, and the UAE will play an integral role.

Arash Jalili, Founder and Chief Executive Officer of Unique Properties, UAE HQ, said: “The rise of Dubai’s branded residence segment started with Armani Residences in