Aman Launches Luxury Residences in Tokyo and Plans Global Expansion
Aman is set to expand its portfolio with 10 additional branded residence projects planned for Bangkok, Beverly Hills, Miami, and locations across Japan.
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Aman has unveiled its first standalone branded residential project, Aman Residences, Tokyo, nestled in the new Azabudai Hills development in central Tokyo, which opened its doors in November 2023.
This venture marks a significant milestone in luxury urban living, setting new standards for the market with the initial 91 apartments quickly snapped up by buyers at record prices.
These residences are perched within the tallest residential tower in Japan, the Azabudai Hills Mori JP Tower, boasting interiors by the renowned design firm Yabu Pushelberg, which harmonize natural inspirations with Aman’s signature aesthetic.
Residents have access to an array of amenities, including a lounge, dining room, library, and wellness facilities, all designed to provide a serene living environment.
Global Ambitions
With this project, Aman not only cements its position in Tokyo but also announces plans for future residences in Bangkok, Beverly Hills, Miami, and additional locations in Japan, following the brand’s success since its inception in 1988 with the Amanpuri resort.
Aman now aims to expand its luxury living concept globally, with Dubai being the next city to witness the establishment of an ultra-premium Aman property, showcasing the brand’s ambition to cater to the luxury lifestyle market across the world.
The announcement comes at a time when branded residences, especially in cities like Dubai, are witnessing unprecedented growth. Aman’s strategic move to introduce its branded residences in key global locations aims to tap into the increasing demand for luxury living solutions that offer bespoke amenities and services, reinforcing the brand’s legacy in offering unparalleled luxury experiences.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
