Dubai’s Discovery Dunes, a latest ultra-luxury private residential development, will target the prestigious UHNWIs keen to buy luxury property. With the UAE market for real estate continuing to show spectacular growth, Discovery Dunes microcosm and data speak of exclusivity, upscale and personal services.
Demand for the fine and ultrapremium residential real estate also on the increase.
The main interest in investing in Dubai as a luxury residential city remains strong. Residential sales hit AED120 billion ($32.7 billion) in Q3 2024 and up by 30% YoY, per CBRE. Knight Frank believes that UHNWI will spend $4.4bn on Dubai properties this year, 76% aumento compared to last year.
Mike Meldman, Founder and Chairman of Discovery Land Company, explained:
Some of the world’s most opulent destinations are already in the Middle East and Dubai is one of them, with a perfect example of UHNWIs inflow in the recent pasts years. This demographic has greatly influenced the real estate market of this city and is instrumental in our decision to take a venture into this Middle Eastern region.
Discovery Dunes: A First-of-Its-Kind Project
Located in the Golf District of Dubai South, Discovery Dunes occupies 27 million Sq. Ft. with members-only premium residences which embody the concept of ‘connected luxury’. People will have their personal personal services including a team of concierge, farming on organic products, riding centers, child care, cultural activities among others.
Let us take a look at benefits you get by becoming a member, These include; Membership gives access to Discovery Downtown at The Dubai EDITION Hotel which includes a signature restaurant, a private dining area plus a Golfing simulated room.
Out of Place and Out of Mind: The Strategic Value of Location and Superior Service Quality
Sitting adjacent to the fast-growing airport and city projects of Dubai South, Discovery Dunes is envisioned to provide housing stock for about one million residents in the future. The development has assured its members of a luxury lifestyle where each of their needs will be attended to including travelling arrangements, booking a golfing lesson among others.
Allying to the upward trend as Dubai continues to position itself as the global hub of Ultra luxury property market, Discovery Dunes offers an opportunity to be part of a market that is fastest growing and that will be the embodiment of exclusivity and innovation.
