Mercedes-Benz is entering the luxury housing sector in Dubai. The residence project, which was implemented with an investment of 1 billion dollars, attracts attention with its apartments with Burj Khalifa views. Flat prices in the project start from 2.5 million dollars, and average prices are expected to be around 10 million dollars.
The new address of luxury life in Dubai: Mercedes Residences
The project is being developed in partnership with Mercedes-Benz Group AG and United Arab Emirates-based real estate company Binghatti Properties. The residence, which will consist of 150 flats, aims to offer a living space where luxury and comfort come together.
The Mercedes branded housing project attracts great attention in Turkey as well. Many names from the business and social world attended the introductory meetings of the project. International Real Estate Expert Şerif Nadi Varlı pointed out the intense interest in the project and stated that they are working intensively to keep up with the demand.
Mercedes-Benz is stepping into the gaming world!
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Dubai real estate market has become a favorite of investors with its recent rapid growth. The market, which reached record levels in the first quarter of 2024, draws attention with supply constraints, growth in the luxury segment and increasing rental prices. Experts state that Dubai is on its way to becoming a global center and they expect the upward trend in the real estate market to continue.
Dubai Airport, which plays an important role in the rise of Dubai, is preparing to become the largest airport in the world with its 35 billion dollar expansion project. When the project is completed, the airport will have a capacity of 260 million passengers and 400 aircraft gates.
Increasing population and limited housing supply in Dubai cause an increase in rental and sale housing prices. Experts expect this trend to continue in 2024 and 2025. Therefore, opening the doors of a luxurious and comfortable life, Mercedes residences offer an attractive opportunity for investors.
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