Discovery Dunes, the first members-only premium residential community of its kind in the region, has emphasised the significance of its expansion in Dubai’s premier community market.
As part of Discovery Land Company, a global leader in private clubs and communities across 35 destinations, the project aspires to be an intimate haven for families seeking to forge lasting memories.
Spanning 27 million square feet in the Golf district of Dubai South, Discovery Dunes boasts exclusive facilities designed for an elevated luxury lifestyle.
This includes Dubai’s first and only private golf course designed by Tom Fazio, a course without tee times that welcomes all golfers.
Other notable facilities include an ‘Outdoor Pursuits Programme’ offering curated experiences such as road biking, equestrian sports, and kite surfing.
Members can access the clubhouse with panoramic views, a health and wellness centre, and dedicated concierge services for tasks like travel arrangements and restaurant bookings.
“Expanding to the Middle East, with our first community in Dubai, presented substantial strategic appeal for numerous reasons, including the economic vitality, strong growing demand, and attractiveness as a destination for both visitors and expatriates. These factors make the country an ideal location for international business ventures, especially given the rapid population growth and the increasing influx of ultra-high-net-worth individuals (UHNWI) expected to continue rising. Through Discovery Dunes, we aim to provide unforgettable experiences that our members and their families can enjoy, and what better place to do this than in a community-minded country like the UAE, with its historic and vibrant emirates, making it one of the top destinations globally for visitors and residents,” said Mike Meldman, Discovery Land Company Founder and Chairman.
Globally, Discovery members can enjoy organic farms, equestrian facilities, kids clubs, cultural programming, and access to Discovery Downtown at ‘The Dubai EDITION Hotel’, which features a signature restaurant, lounge, private dining, and golf simulator.
UAE real estate market experiences steady growth
The project aims to cater to the increasing number of ultra-high-net-worth individuals (UHNWIs) and families choosing the UAE as a primary or secondary home destination.
The UAE real estate market, driven by its luxury sector, has seen consistent growth in recent years.
This growth is attributed to factors such as strong foreign investment, rising demand for luxury homes, and good return on investment opportunities.
Additionally, the UAE government’s efforts to enhance the ease of doing business and initiatives like simplifying the process of obtaining a UAE Golden Visa have been key contributors to this surge.
According to Savills’ annual Prime Global Cities Index forecast for 2024, Dubai, along with Sydney, is expected to surpass other global destinations with prime residential property value increases between 4 and 9.9 percent.
This follows Dubai securing the top spot in 2023 with a 17.4 percent appreciation, reflecting its popularity as a prime market globally.
The UAE’s financial wealth, generated by family offices and UHNWIs, is expected to contribute an additional $500B to the overall economy by 2026, according to a survey by KPMG and Agreus.
This growth is expected to pave the way for new developments catering to wealthy individuals and families.
