Discovery Dunes, the first-of-its-kind members-only premium residential community in the region, has highlighted the importance of its growth in Dubai’s prime community market. The project, which is part of Discovery Land Company, a pioneer in private clubs and communities with 35 destinations worldwide, intends to be a cozy retreat for families looking to make enduring memories.
Located across 27 million sq. ft. in the Golf district of Dubai South, Discovery Dunes features deluxe facilities catering to a high luxury lifestyle. This contains Dubai’s first and only private golf course developed by Tom Fazio, a course without tee times welcoming all golfers. Other essential facilities include an ‘Outdoor Pursuits Programme’ offering curated experiences like road biking, equestrian sports, and kite surfing. Associates can access the clubhouse with sweeping views, a health and wellness center, and reliable concierge services for travel arrangements and restaurant compunctions.
Catering to Ultra-High-Net-Worth Individuals and Families
“Expanding to the Middle East, with our first community in Dubai, held substantial strategic appeal for many reasons, including the economic vitality, strong increasing demand, and being an attractive destination for visitors and expatriates, just to name a few. These factors render the country an ideal locale for all kinds of international business ventures, especially when considering the rapid population growth and the increasing influx of ultra-high-net-worth (UHNWI) coming into the country, a trend which is expected to continue increasing for the unforeseen future. Through Discovery Dunes, we aim to provide unforgettable experiences that our members and their entire families can enjoy, and what better choice to do this than a community-minded country such as the UAE, through all its historic and vibrant emirates and one of the top destinations in the world for both visitors and residents alike,” Mike Meldman, Discovery Land Company Founder and Chairman said.
Globally, Discovery members can experience organic farms, equestrian facilities, kids clubs, cultural programming, and access to Discovery Downtown at ‘The Dubai EDITION Hotel’, featuring a signature restaurant, lounge, private dining, and golf simulator.
Also Read: Why Al Thowima Residences | Al Barsha| Are Dubai’s Best-Kept Secret for Luxury Living
The UAE real estate market experiences steady growth
The project strives to cater to the growing number of ultra-high-net-worth individuals (UHNWIs) and families selecting the UAE as a primary or secondary home destination.
The UAE real estate market, driven by its luxury sector, has witnessed constant growth in recent years; this can be attributed to factors such as foreign solid investment, rising demand for amenity homes, and good ROI opportunities. Additionally, the UAE government’s actions to enhance the ease of accomplishing business and procedures, like obtaining a UAE Golden Visa, have contributed to this surge.
According to Savills’ annual Prime Global Cities Index forecast for 2024, Dubai and Sydney are expected to outpace other global destinations with prime residential property value increases between 4 and 9.9 %. This follows Dubai securing the top spot in 2023 with a 17.4 % appreciation, reflecting its popularity as a prime market globally.
The UAE’s economic wealth, developed by family offices and UHNWIs, is anticipated to contribute an additional $500 billion to the all-around economy by 2026, according to a survey by KPMG and Agreus. This development is expected to pave the way for further developments catering to affluent individuals and families.
