Luxurious amenities akin to those found in 5-star hotels are now standard in many new residential developments across the UAE. While location remains paramount in real estate decisions globally, the inclusion of high-end amenities is particularly crucial in sophisticated cities like Dubai. These features not only sway buyer decisions but also impact property values significantly. To cater to this demand, developers are creatively integrating amenities into various spaces like podiums, rooftops, and dedicated floors.
Developers are increasingly making luxurious amenities a norm in their projects, with a notable trend towards incorporating private cinemas and gaming arenas. Liam Chase, a senior developer property consultant, emphasizes the growing emphasis on health and wellness amenities, such as gyms, studios, and meditation areas. He also notes the rising popularity of padel courts among buyers and tenants, with some developers now marketing their projects based on the number of amenities offered.
Amenities play a crucial role in influencing buyer decisions and property prices. Studies show that properties with desirable amenities see higher demand and values. For instance, 81% of buyers consider neighborhood amenities very important, according to the National Association of Realtors. Developers like Danube Properties are responding by offering a wide range of amenities, from infinity pools to sports courts, enhancing property appeal and value.
Sean McCauley, CEO of Devmark, highlights that amenities significantly impact buyer decisions in markets like Dubai, where residents seek a lifestyle akin to luxury hotels. With the rise of remote work, there is also a growing demand for homes that support a work-from-home lifestyle, including family-friendly features and proximity to schools. However, the inclusion of extensive amenities can increase costs for developers, potentially leading to higher property prices.
Despite the costs, developers are focusing on providing added value without increasing prices, ensuring buyers get the most for their investment. Popular amenities now include wellness facilities, recreational spaces, co-working areas, and communal dining spaces, which differentiate developments and enhance property values. Buyers are increasingly seeking lifestyle-oriented amenities, moving beyond traditional features like pools and gyms to include more unique offerings.
