Dubai’s luxury real estate outpacing London and LA | Kanebridge News
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Dubai’s luxury real estate outpacing London and LA

Dubai’s luxury property market outshines London and Los Angeles in attracting the world’s elite with record homes sales valued over $10 million.

Wed, Feb 14, 2024 4:19pmGrey Clock 2 min

According to industry insiders, the city leads globally in luxury property transactions and branded residences. They also highlight Dubai’s remarkable growth in the high-end residential sector, drawing comparisons with established markets such as London and LA.

The city’s appeal to buyers is attributed to its political stability, attractive wealth management policies, and lifestyle offerings, positioning it as a top choice among the world’s wealthiest alongside major global cities.

Experts also note a significant shift in the luxury market dynamics post-2020, driven by the pandemic, geopolitical unrest, and a quest for safer environments, enhanced living standards, and tax benefits. This has led to a surge in demand for luxury properties in Dubai, surpassing other cities in this segment. And the competition among developers to offer superior quality and serviced properties, which has further stimulated market growth.

They also see that Dubai has matched the quality and prestige of cities like London, LA, and New York. The city has witnessed a 33 percent increase in property prices since the pandemic, with rental rates also on the rise, offering higher yields compared to cities like Paris and Singapore. Dubai continues to expand its luxury real estate offerings, including branded residences from internationally renowned brands, enhancing its appeal to global buyers.

In addition, experts point out the growing international interest in Dubai’s real estate market, with a notable influx of European investors. The demand for privacy, space, and luxury amenities is on the rise, with projects catering to these desires, such as luxury beachfront villas, attracting attention from high-profile clients.

The variety of nationalities among buyers, valuable investment policies, and Dubai’s strategic position geographically all play a role in its increasing attractiveness. And initiatives such as the Golden Visa residency program aim to further boost the city’s appeal to overseas investors. Additionally, with anticipated population growth and a strong yearly forecast for growth in the residential market, Dubai is poised to maintain its rising status in the international luxury real estate scene.



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Tonino Lamborghini Unveils New Luxury Residences in Ras Al Khaimah

Tonino Lamborghini recently revealed a new luxury project comprising 241 units in Ras Al Khaimah, developed in partnership with Arista Developments.

Tue, May 21, 2024 2 min

Named the Tonino Lamborghini Residences, this project promises a fresh take on luxury living with its iconic design, cutting-edge amenities, and stunning sea views.

Set on Al Marjan Island, the development is adding 241 high-end units to the area’s real estate offerings, all reflecting the sleek, Italian elegance associated with the Lamborghini name.

These residences are designed to impress, featuring modern architecture that harmonizes with the scenic surroundings and interiors marked by meticulous craftsmanship and top-quality finishes.

Living in this one of the project’s units means access to a range of upscale amenities: a state-of-the-art fitness center, multiple swimming pools, beautifully landscaped gardens, and dedicated areas for children’s play. The complex also offers a business center with a conference room, an outdoor BBQ area, and a chic café, catering to all aspects of high-end living.

Arch. Abdulla Al Abdouli, Chief Executive Officer, Marjan, expressed excitement about the introduction of Tonino Lamborghini Residences to Al Marjan Island, noting the project’s blend of sustainable construction and smart home technologies. This integration, he mentioned, guarantees a luxurious lifestyle equipped with the finest modern amenities, reflecting the exquisite Italian craftsmanship. He is confident that this new venture with Arista Developments will significantly boost the allure of Al Marjan Island as a top lifestyle destination in Ras Al Khaimah for both investors and residents.

Tonino Lamborghini, President of the Tonino Lamborghini brand, said: “We are delighted to be among the pioneers in this remarkable new destination in one of the seven emirates of the UAE. Our heartfelt gratitude and recognition go to H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, for his visionary leadership and foresight, and for embracing innovative strategies to revitalize a region full of potential.”

Mr. Arthur Chu, Chairman of Arista Developments, highlighted the project’s ambition to capture the essence of the Tonino Lamborghini brand in every aspect of its design. He described the development of a prestigious residential tower on Al Marjan Island that will reflect the lifestyle and beauty synonymous with Lamborghini. From the sharp, well-defined lines of the exterior to the elegantly designed interior common areas, every detail is crafted to showcase the brand’s distinctive elegance and sophistication. Chu emphasized that the interior designs, personally crafted by Tonino Lamborghini, aim to fully immerse residents in the Italian brand’s luxurious identity.

The variety in housing options is vast, ranging from one and two-bedroom apartments to duplexes, sea view villas, signature villas, and exclusive penthouses.

The collaboration between Tonino Lamborghini and Arista Developments blends iconic Italian style with expert real estate craftsmanship. This venture marks Lamborghini’s first introduction to Ras Al Khaimah and represents a commitment to setting new standards in luxury and modern living.

 

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