Dubai's real estate market is renowned for its luxury and opulence, with branded residences and luxury real estate properties offering investors and end-users alike a taste of the high life. But what sets these two types of properties apart? And how does a promising proptech startup like PHOREE Real Estate fit into the picture?
Branded residences, such as those developed by Bin Ghatti and Al Habtoor, have made a significant impact on Dubai's real estate market. These properties are the result of collaborations between renowned brands and developers, resulting in unique, high-quality residences that stand out in the market.
Investing in a luxury branded residence offers less vulnerability regarding product quality, especially when buying off-plan. The resale or renting approach of a branded unit creates higher demand as its market visibility is preceded by a quality reputation and wider awareness.
While the cost of branded products will always exceed those that aren’t branded, the return on investment and price appreciation are more likely to exist. It has historically been established that investing in Dubai’s real estate market is safe and lucrative. It is understandable why branded products will always appreciate more than the standard.
Ultra-luxury properties in the Dubai real estate market target both investors and end-users. In the past, we have witnessed a surge in investors targeting such properties at a higher rate than end-users. However, over the past two years, the number of luxury product purchases by end-users has been on the rise. This is due to Dubai becoming home to thousands of high-net-worth individuals who work and retire in the UAE.
The demand for luxury properties in Dubai remains consistently high, justifying the premium typically paid for such properties. The structures of these properties are regulated, maintained, and inspected by the municipality and developers, ensuring their value is preserved for decades to come.
Luxury brands are typically distinguished by the property finishing and the attention to detail in both the interior and exterior design elements. These properties are characterized by well-planned spaces, spacious high-end bathrooms and kitchens equipped with premium appliances. They also offer beautiful views of the sea, skyline, or city, and of course, access to high-end luxury amenities such as gyms, swimming pools, manicured beaches, and parks.
When it comes to navigating Dubai's real estate market, PHOREE Real Estate stands out as a promising partner. As the first and only Digital Real Estate Platform in the world offering comprehensive digital services in the property market, PHOREE is revolutionizing and democratizing buying, selling, and owning real estate. With services like InstantSell™, InstantCash™, RealMatch™, and MarketPlus™, PHOREE is empowering individuals to invest in properties at discounted rates and providing InstantLiquidity™ to property owners. By leveraging decades of American financial and real estate experience, PHOREE is positioned to lead the industry and reshape the future of property investment in Dubai.
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