Uploaded August 2024 | Updated September 2026, 3 weeks ago
Aliaa El-Esaaki, Research Manager, MENA, talks about the branded residential market in Dubai and the budgets our HNWI respondents are prepared to pay for a branded property purchase.
Branded residences represent a relatively easy way to access the ‘Dubai Life’ and according to our survey, they are in high demand. 14% of our HNWI respondents would like to secure a branded residence as their main home and this figure rises to 22% amongst those with a net worth of over US$ 15 million.
Another 23% of HNWI would use a branded residential purchase in Dubai as a holiday home, or second home, while 12% would treat it as a retirement home.
The average budget for GCC-based expat HNWI stands just shy of US$ 950 psf. While budgets for global HNWI are higher, with up to 23% ready to spend over US$ 5,000 psf.
For more insights download Destination Dubai 2024: https://www.knightfrank.ae/destinationdubai2024
#KnightFrankMENA #DestinationDubai2024 #BrandedResidences #HNWI #LuxuryRealEstate #PropertyMarket #RealEstateTrends #DubaiProperty
Aliaa El-Esaaki, Research Manager, MENA, talks about the branded residential market in Dubai and the budgets our HNWI respondents are prepared to pay for a branded property purchase.
Branded residences represent a relatively easy way to access the ‘Dubai Life’ and according to our survey, they are in high demand. 14% of our HNWI respondents would like to secure a branded residence as their main home and this figure rises to 22% amongst those with a net worth of over US$ 15 million.
Another 23% of HNWI would use a branded residential purchase in Dubai as a holiday home, or second home, while 12% would treat it as a retirement home.
The average budget for GCC-based expat HNWI stands just shy of US$ 950 psf. While budgets for global HNWI are higher, with up to 23% ready to spend over US$ 5,000 psf.
For more insights download Destination Dubai 2024: https://www.knightfrank.ae/destinationdubai2024
#KnightFrankMENA #DestinationDubai2024 #BrandedResidences #HNWI #LuxuryRealEstate #PropertyMarket #RealEstateTrends #DubaiProperty
