Developments continue to rise in Dubai, keeping pace with accelerated investments and the influx of foreign millionaires who see this city as a true paradise. In Dubai, construction projects continue to proliferate, generating great enthusiasm among authorities while also increasing competition and raising property values and rental prices.
Although some processes slow down, construction companies are executing remarkable architectural projects featuring luxury villas and residences. In this way, Dubai’s initiative to increase opportunities for billionaires remains strong, elevating the standard of living for residents and positioning the emirate as one of the top choices for entrepreneurs worldwide.
Dream Villas in Dubai: A Magnet for Millionaires
Nordic by fäm Real Estate Development is launching a new project in Dubai aimed at ultra-high-net-worth individuals, developing a series of fully owned luxury villas. This means that the owner will have rights over both the building and the land on which it is built. This project requires a monumental investment of 1 billion dirhams and will be strategically located in the Al Wasl area, near attractions such as the Burj Khalifa, the Dubai Mall, Jumeirah, Al Wasl Canal, Sheikh Zayed Road, and DIFC.
These ten exclusive mansions will feature a Scandinavian and minimalist design. Among the services offered in this private community, 24-hour security stands out as the most notable feature. Additionally, owners will have the opportunity to customize their villas to their liking, following the standards set by the Dubai Development Authority.
Strategies to Attract the Global Elite to Dubai
This major development by Nordic by fäm Real Estate Development aligns with Dubai’s promising 2024 financial report. According to recent data, the city has welcomed 6,700 millionaires in recent times, with forecasts predicting an annual influx of 6,500 ultra-high-net-worth individuals until 2026. Given this scenario, the company has set a target of reaching 10 billion in sales transactions by next year.
In this context, the delivery of ten new properties is expected in the second quarter of 2025, following the initial phase of the launch, during which two available villas were sold for 61.5 million and 70 million dirhams, respectively. According to the company’s plans, this trend will facilitate a flow of buying and selling, allowing buyers to resell to individuals of similar wealth levels, preserving exclusivity and value.
Dubai’s New Minimalist Concept Led by Nordic by fäm
The villas designed by this company aim to establish a new concept of full ownership in the city, with custom-made minimalist luxury residences. As stated in the brand’s objectives, this trend seeks to “offer the most discerning clients a distinctive and elevated living experience.”
All constructions follow a Nordic design philosophy, with sophisticated and understated choices that give these villas a minimalist yet refined style, where luxury and comfort are the main priorities. According to the company’s vision, these Dubai homes “are not just built but carefully crafted for those who seek elegance in simplicity, for those who believe that true luxury lies in the understated and the authentic.”
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