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Luxhabitat Sotheby’s International Realty has announced the launch of Exclusive Baccarat Residences, a residential complex in Downtown Dubai.
In unveiling the project, Luxhabitat Sotheby’s said it will feature 49 ultra-luxury apartments, ranging from two- to five-bedroom units, spread over 24 floors. Baccarat Residences will embody the quality of this legendary brand, which has a knack for exceeding the expectations of the world’s most discerning connoisseurs.
Baccarat Residences debuts Mena in Downtown Dubai, offering spacious and intimate residences coupled with unparalleled service and iconic design. It is owned by Shamal, who will be working closely with H&H Development.
The ultra-luxury branded residence is a visionary real estate development that combines elegance and relaxed style in a destination overlooking the iconic Burj Khalifa, the statement said.
Designed to enrich every moment of life, this crystalline tower shines brightly against the city’s mesmerizing skyline. Carefully layering and orchestrating exquisite fabrics, fine marble and gleaming crystal, opulent interiors and impeccable finishes are the future of world-class community living today, it added.
Chairman and chief executive George Azar said: “We have seen a significant uptick in the branded residential segment, and the combination of demand for prime locations with demand for premium brands is not in line with market rules.”
“We’ve seen a record price of Dh14,000 ($3,811) per square foot for residential properties, which has generated a lot of interest,” Azar said.
“At Luxhabitat Sotheby’s International Realty, we have developed a pricing matrix based on selling branded residences worldwide and have unrivaled experience in finding the right buyer in our global database. Three of Exclusive Baccarat Residences in Downtown Dubai One buyer is already the owner of a baccarat residence in New York and Miami, suggesting the product is suitable for an avid collector,” he added.trade arab news agency
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