The designer home school of thought is getting louder. Big name bedsheets, logo-embossed carpets and 24-hour, five-star hotel services - luxury labels are moving into the world of branded real estate with the super rich snapping up designer homes that deliver unbridled luxury on-tap.
For Dubai the tourism market has historically been a strategically important sector. In 2017 it is estimated that the sector contributed over AED150bn to GDP (4.6% of GDP), and provided almost 570,000 jobs (4.8% of total employment).
Born from a collaboration between some of the architecture world's most colourful minds, West Chelsea's The XI is one of the New York's newest headline residential developments made up of two, asymmetrical 'dancing' towers - Tower No. X and Tower No. I - connected by a glass bridge. Apartments are available now.
With the new UAE regulations, real estate investors can receive a five-year residence visa when they purchase a property worth over Dh5 million (for both secondary and new properties over Dh5 million and Dh10 million).