UAE – Luxhabitat Sotheby’s International Realty announces the launch of the Exclusive Baccarat Residences, a residential complex, in Downtown Dubai, Invest-Gate reports.
Unveiling the project, Luxhabitat Sotheby’s says it would boast 49 ultra-luxury apartments, with two- to five-bedroom units across 24 floors. The Baccarat Residences will reflect the calibre of this legendary brand, which is adept at exceeding the expectations of the world’s most discerning connoisseurs.
Making its spectacular Mena debut in the heart of Dubai, the Baccarat Residences offer generously spacious and intimate homes with unparalleled service and iconic design. It is owned by Shamal, who will collaborate closely with H&H Development.
The Project is designed to enrich life’s moments; the crystalline tower creates a majestic presence that shines bright amongst the city’s stunning skyline. Carefully layering and orchestrating exquisite fabrics, fine marbles, and shimmering crystals, the resplendent interiors and impeccable finishings are the future of today’s world-class community living.
Chairman and CEO George Azar says: “We have seen a major uplift in the branded residences component, and the demand in prime areas combined with the demand for a premium brand is not based on the market rules.”
We have already witnessed exceptional interest with residences selling for a record-breaking AED14,000 ($3,811) per sqm ft, states Azar.
“At Luxhabitat Sotheby’s International Realty, we have done our pricing matrix based on selling branded residences across the globe and have unmatched experience in finding the right buyers on our global database,” Azar expresses.
Noteworthy that three of the buyers for the Exclusive Baccarat Residences in Downtown Dubai are already owners of Baccarat residences in New York and Miami, showing that the product is suited for avid collectors.