One of the top cities with branded real estate projects and development of Dubai's metaverse

One of the top cities with branded real estate projects and development of Dubai's metaverse

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  • One of the world top cities with branded real estate projects and development of Dubai's metaverse sector

Dubai has entered the TOP world cities in terms of the number of branded real estate projects on a par with Miami and New York City

According to the Knight Frank consulting company report: Аmong the residential units sold in 2021, 14% were branded residences. In 2021–2022, branded residence projects were launched in Dubai:

  • Cavalli Estates
  • Cavalli Tower
  • Elie Saab Villas
  • Safa One De Grisogono
  • The Ritz-Carlton, etc.

In Q1 2022, new project launches in Dubai surpass pre-pandemic levels

25 new projects totaling 6,500+ residential units. For comparison, in Q1 2021, 1,945 residential units were unveiled.

Dubai's metaverse sector will add $4 billion to its economy by 2030 and increase its contribution to GDP to 1%

This is part of the Dubai Metaverse Strategy, which will help increase:

  • The productivity of surgeons by 230%
  • The productivity of engineers by 30%
  • Number of virtual jobs up to 42,000

Sources: Property News, Zawya

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