Dubai’s $272M Marbella Resort on World Islands Sells Out in 8 Hours
Breaking all records of hospitality and property industry around the globe, the $272 million Marbella Resort in Dubai that is situated in the World Islands area was sold out in less than eight hours of its launch. This fast sale proves the enduring market interest in luxury homes in Dubai and increasing focus on the hi-end real estate projects in the region.
The World Islands: A Unique Development
The World Islands is a collection of beautiful artificial islands made up of three hundred islands which was developed to resemble the map of the world. This massive project is initiated by Nakheel Properties with an intention of establishing a signalized residential and tourist city for the people of international repute. All these islands provide different ways of life from homes, luxury hotels and resorts to tourists.
Marbella Resort: A Testament to Demand
Marbella Resort which is part of The Heart of Europe in The World Islands offers high-end Apartment and Villas that are aimed at delivering the ultimate lifestyle. The fast response received by the resort is evident of a growing trend of sophisticated real estate in Dubai. Key to this trend is the fact that the city is increasingly being marketed and sold as the place to live in and or invest in luxury.
Factors Driving the Success
Several factors contribute to the swift sales of luxury properties like the Marbella Resort:
- Innovative Real Estate Concepts: The concept of The World Islands is quite specialized and offers luxury lifestyle to the residents hence the appeal to the HNWIs. Such features of modern comfort and tropical atmosphere make these properties very attractive to the clients.
- Strategic Location: The World Islands are situated near Dubai and the view of the Gulf island chain from this place is breathtaking especially of the skyline of Dubai city which is very close to The World Islands and the tourist attractions here include the Burj Khalifa and the Dubai Mall. This location makes properties in this development strategic and hence, attractive to investors.
- High Returns on Investment: And as we all know, Dubai is one of the greatest investment havens especially in the real estate sector. This factor coupled with the other factors such as a higher market appreciation rate, and no property taxes will make it an investors’ paradise.
- Luxurious Amenities: Facilities made available at Marbella Resort and other structures in The World Islands include, private beach, swimming pool, restaurants and spas, among others. All these features effectively complement the Lifestyle and daily requirements of the High Net Worth buyers and therefore contributes to the appeal of such assets.
The fast sales of the Marbella Resort will be another show of the fact that the Dubai real estate market is volatile. New advancements and innovations are still emerging; thus, Dubai keeps on developing its status as one of the world’s premier markets for luxury property investment.