- Oct 09, 2023
- Real Estate
- 220
Bright Future Ahead for Dubai Real Estate as Al Barari, The Green Heart of Dubai Gets its Highest Price Jump
Dubai, which was known for being the best business and tourism hub in the world, is now stepping into the real-estate space. It's only been a few years, and it is already known for setting standards for ultra-luxury living in the whole world. Currently, real estate in Dubai is under consideration by celebrities, sportsmen, and other ultra-rich individuals who are looking for a luxurious lifestyle.
Al Barari has seen the highest price jump in 2022, with up to 400% surge in deals by investors from all over the world. It can set new standards for the real estate industry in Dubai since other assets like Emirates Hills, Palm Jumeirah, and Arabian Ranchers are also under consideration as luxury residential assets.
So, the overall industry trends for the real estate market are expected to grow further.
Al Barari Gives A Statement Of Ultra-Luxury Living In Dubai
Dubai\'s real estate market is developing altogether, and one of the driving forces behind its sharp development is the surge of wealthy international investors. Ones looking for an ultra-rich living experience are not only looking for grandeur, but they want a balanced lifestyle with nature and luxury.
Hitesh Idnani, CEO at TotallyHomeRealEstate, claimed that the ultra-rich are investing in Al Barari due to the unique concept of combining both the luxury of Dubai\'s lifestyle with eco-friendly development and environmental awareness. According to him, Al Barari is a symbol of a luxurious living experience in the whole world since international elite investors are showing interest in this project.
The deals from the first 3 quarters of 2023 make it one of the busiest real-estate projects in the world. Since Al Barari has already made a huge impact on the international real estate industry, it is expected that the developers will enhance this project to further appeal to international investors for making better profits in property prices.
What Makes Al Barari Get Such A High Surge In Deals.
Al Barari is known as the Green Heart of Dubai, considering the theme of this residential project highly focuses on the greenery around. This residential project is designed to integrate luxury and eco-conscious residential development and has been successfully integrating the two.
It offers luxury value in every manner, and that’s the reason why there was a surprising 400% surge in deals in the first 3 quarters of the year 2023. With this surge in deals, the prices of residential assets in this project also increased by 35%. Hence, Al Barari now surpasses other luxurious residential projects in terms of property price growth rates and deal rates in Dubai.
Al Barari Gets Attention From The Ultra-Rich
Al Barari is said to have set new standards for ultra-luxury living in Dubai, and it has gained attention from admirers of luxurious and ultra-rich life this whole year. That is the reason why this project alone has been through a 35% property price increase and a 400% surge in property deals only in 9 months. One of the many reasons why people are investing here so quickly is the strategic location of this project. It only takes around 15 minutes of driving distance wherever you want to go in Dubai. On the bright side, this price increase in Al Barari has outgrown the previous luxury segment residential project prices, which have been up to 25%.
With the high deal surge, the project has set alone seen a 17% growth rate in the first half of the year 2023. At the beginning of 2023, this project was costing up to AED3.1 billion, which was the first ever when Dubai\'s real estate surpassed New York, London, and Paris, according to Knight Frank\'s Destination Dubai 2023 report. That’s how Dubai made history in the industry of luxury property space internationally.
The Type Of Living Experience You Want
When looking for a luxurious life, people often look for great architecture, a peaceful living experience, and a good address. Al Barari has been strategically designed to have all of these in one complete package. It comes with multiple award-winning qualities, including eco-friendly development.
Here, you can find villa living options for families and apartment living options for individuals and couples. Everywhere around the project, you will find greenery since around 60% of the total project is covered in green space. These green spaces include freshwater streams and lakes that are naturally landscaped. Hence, this project gives a spacious design with uninterrupted views all around.
Strategic Location Closing Its Proximity
Location matters the most for residential projects, and Al Barari has been strategically located in Dubai. The reason it is called the Green Heart of Dubai is that it is located around 15 minutes away from most social hubs and amenities in Dubai. From Palm Jumeirah to Dubai International Airport or DWC, everything is in proximity thanks to the road network and good transportation.
All The Amenities For Families And Individuals Need
A perfect living experience for families since there are places to dine, work, and shop, all located in Al Barari. From award-winning fine-dining experiences with homegrown concepts to indoor and outdoor gyms, Al Barari does not miss out on any important amenities since it offers:
Open-air cinema
Clubhouse
Play area for kids
Swimming pool
Beach Club
Themed picnic areas, etc.
The spa concept that provides globally inspired treatments all in one serene natural setting is among the highlighted amenities offered here. With such unique amenities that are not offered together in most residential projects, Al Barari speaks up for the value it offers, and that’s the reason behind the 400% surge in deals even at increasing property prices.
Final Verdict
With a 35% price increase per square foot of residential space in Al Barari, it is one of the biggest events in the real estate industry in Dubai\'s history. The first 3 quarters of 2023 have shown massive interest from ultra-rich international investors looking for a luxurious lifestyle close to both the city and nature.
This project started competing with international markets, but now its prices and deal competition are with itself since everyone around the world is interested in exploring property options in Al Barari.
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