Why luxury properties appreciates more and not the others.
Dubai is a cosmopolitan city which has been drawing attention of investors and lifestyle seekers globally due to its excellent infrastructure, quality of life and most importantly the value of luxury that it offers.
Because there are no taxes on your income or assets holding, it is much easier to attain a luxury portfolio in Dubai than any other part of the world. And since luxury by definition is something unique, sophisticated and limited, there are always higher probabilities that the appreciation of the luxury will always be higher than any other.
When it comes to properties, the uniqueness of the development, the prestige of the location and limited availability of luxury are the most important parameters that contribute towards its location.
For example, the signature villas on the palm, the bespoke luxurious villas in Emirates Hills and the architectural masterpieces like Mansions in District One are just few examples of how luxury can be distinctive, exclusive and special.
Although, this concept of limited luxury is not new, as luxury brands like Rolex, Rolls Royce, Bvlgari, Chanel and even Aston Martin have all played the same game by benefiting their buyers with limited editions that over the time appreciate.
The possession of these luxuries are a source of self-contentment which makes a bold statement amongst the others. And since, in today’s era there are more billionaires in Forbes list than ever before, it is forecasted that the demand of these luxury properties are only going to increase in future.
Leveraging on these forecasts, many renowned brands like Elie SAAB, Swarovski, Armani, Versace, Roberto Cavalli, De GRISOGONO, Bvlgari, Fendi and many others have already tied up developers in Dubai where they offer luxurious lifestyle with a touch of their class, so that the residents can enjoy the same ambiance while they are at home.
Henceforth, when looking for higher appreciation, it would make more sense to invest in a branded luxury development which would always have higher probability of appreciation than conventional homes.