Dubai Real Estate

Why Dubai Real Estate Companies Continue to Attract Investors?

  • June 19th, 2021

As per George Azar, CEO of Luxhabitat Sotheby, the demand for luxury properties in Dubai is rising day by day despite the uncertainty of the country’s economy due to the COVID-19.

Azar was speaking after it was reported that Dubai-based Luxhabitat Sotheby’s International Realty had finished the total project sell-out of the ultra-luxury Four Seasons Private Residences, within only three months of its launch.

He said the real estates have all been snapped up “by the veritable who’s who of international society, from royalty to celebrities”.

“The demand for this type of VIP branded residence, with five-star service and access to hotel amenities, is rapidly increasing. Over the last year we have seen a significant increase in international investors looking to secure luxury property roots in Dubai,” he added. “These clients want that higher level of experience, from lifestyle to service, design to convenience and they can find it in Dubai.”

Situated on the banks of the Dubai Canal, the very good quality private advancement is involved just 28 units altogether. It incorporates two, three, and four-bed apartments and 4-bedroom villas, with the two-beds beginning value set at $3 million.

Luxhabitat Sotheby’s are likewise presently working on Residence 22 in Business Bay and Jumeirah Luxury in Jumeirah Golf Estates.

Residence 22 is a completely overseen building containing 19 full-floor apartments overlooking the canal with a starting price of $4 million. While Jumeirah Luxury, the units of what starts from $1 million, is a progression of snazzy, contemporary townhouses with three, four, or five rooms.

Located on the banks of the Dubai Canal, the high-end residential development includes only 28 units in total. It comprises two, three, and four-bed apartments and 4-bedroom villas, with the two beds starting price set at $3 million.

Azar added: “These exclusive, high-end developments are exactly the type of remarkable complexes that will be shaping the landscape of Dubai luxury property for years to come.”

Source: Arabian Business