Dubai is world’s top location for branded houses

Dubai is world’s top location for branded houses

Across the Middle East, the current supply is projected to increase by 86 per cent by the end of the forecast period.

The UAE is expected to record a 22 per cent rise in the number of high-net-worth households.

Published: Wed 16 Nov 2022, 4:56 PM Last updated: Wed 16 Nov 2022, 5:49 PM

Dubai has emerged as the world’s top hotspot for branded residences in terms of current supply and pipeline as the UAE is expected to record a 22 per cent rise in the number of high-net-worth households, according to a study by a leading property services company.

South Florida and New York are the top two locations for branded residences globally, based on their supply of completed and pipeline schemes, according to Savills in its latest Spotlight on Branded Residences. These areas have well-established luxury property markets and attract a range of domestic and international buyers both for business and cultural activity, Savills report said.

While the global growth of the branded residences sector is forecast to continue, the Middle East will be leading the charge with pipeline growth. By the scale of increase from the current supply of branded residence schemes, Egypt, Saudi Arabia, Cyprus, Qatar, and Costa Rica each recorded