Dubai: Despite a countrywide growth in luxury properties
Dubai: Despite a countrywide growth in luxury properties and high ticket prices that rival other worldwide markets, the economy is on the decline. Undiscovered areas are still ideal for a luxury footprint, though.
Dubai: Despite a countrywide growth in luxury properties and high ticket prices that rival other worldwide markets, the economy is on the decline. Undiscovered areas are still ideal for a luxury footprint, though.
In the “ultra-lux” living market, Signature Developers, one of the top providers of luxury in the area, have a first-mover advantage because to their expertise in identifying and exploiting these gaps.
From the historic, high-profile sale of their award-winning duplex for AED 50 Million in the centre of downtown Dubai to the sale of their final complete floor of lavish penthouses at “The Residences” JLT for AED 36 Million.
Their brand-new project is being built in Jumeirah Golf Estates and is expected to be finished in Q3 2025.
According to Vikram Shroff, Director at Signature, “Reviewing the rise in Villa transactions, following the epidemic, we recognised there was a paucity of ‘luxury family living’ options available in the country – which admittedly drove us to creating bespoke, ultra-luxury villas at JGE.”
The developers credit their success to focusing on areas and communities that already have mid- to high-range homes but lack the amenities, fixtures, finishing touches, and security features necessary to be considered “Luxury.”
“We’ve had a number of purchasers who want to stay in their local communities and are trying to upgrade their houses but are unable to find luxury homes that fit their present way of life. We can help with that. – Shroff adds.
More and more developers will have to think about extending their portfolios to include upscale buildings in various areas as HNWI wealth continues to pour in.
Evelyn Pali, Senior Residential Consultant at Better Homes and Gardens, claims:
“In Q1 2022, a 33 percent increase over Q4 2021, we had the highest number of luxury sales’ transactions (properties exceeding AED5m).
The majority of investors are end users who are searching for houses to use as pieds-à-terres for vacations, business visits, and frequently as a permanent basis. Ours has
SIGNATURE DEVELOPERS LIMITED PROFILE
Signature Developers Limited is a cutting-edge development firm situated in Dubai that was established and developed by the Regal Group and Lals Group. The corporation is motivated by the organisations’ commitment to high quality and ongoing innovation. Both organisations are well-known in the area for their long-standing dedication to innovation, superior quality, and customer service while staying true to their roots. The partners have focused on setting and achieving new benchmarks within the upper spectrum of the Dubai residential marketplace by combining their experience leading world-class organisations in retail, development, and technology. This has led to the creation of two distinctive residential properties. Their buildings serve as living examples of the values they lead and produce with. As Signature establishes a reputation, they continue to attract additional attention.