Luxury Redefined: Armani Residences by Arada Launch Sales for Elite Palm Jumeirah Properties
Armani Residences Palm Jumeirah: Dubai’s real estate market is witnessing an unprecedented surge in luxury living with the launch of Armani Residences by Arada on the iconic Palm Jumeirah. This elite project, initially announced earlier this year, stands out as only the second of its kind in Dubai, following the success of the Armani homes in Burj Khalifa.
Exclusive Living at a Prime Location
The Armani Residences, set on the Palm Jumeirah’s crescent near the Waldorf Astoria, offer an unparalleled living experience. The project encompasses a limited collection of 53 units, with two-bedroom homes starting at an impressive Dh20 million. Details about the exclusive presidential suites are yet to be disclosed.
A Thriving Market for Super-Luxury Real Estate
Dubai’s market for super-luxury off-plan properties continues its strong performance. Recent records show an extraordinary Dh422 million deal for a penthouse at Jumeirah Marsa Al Arab and a Dh410 million transaction at the Bulgari Lighthouse earlier this year. “The off-plan luxury segment in Dubai is witnessing a steady climb in asking prices, often surpassing Dh15 million,” noted a local estate agent.
Emaar’s Address: Another Gem in the Crown
Adding to the buzz is Emaar’s upcoming launch under its prestigious ‘Address’ brand in Za’abeel Dubai. This project follows the recent introduction of an Address-branded development in Ras Al Khaimah’s Al Marjan Island.
The Rise of Branded Residences
2023 marks a year where Dubai’s affinity for branded residences peaked. World-renowned hospitality names, high-end fashion brands, and even automotive giants like Pagani have made their mark in Dubai’s property scene. This trend underscores the city’s position as a hub for luxury and exclusivity.
Armani Residences: A Symbol of Elegance
The Armani units in Burj Khalifa, spanning levels 9-16 with a total of 144 units, have set a benchmark in luxury. The new Armani Residences by Arada are poised to complement this legacy, capitalizing on the high demand for new and luxurious living options on Palm Jumeirah.
