MERED, an international real estate developer, has announced its official launch in the UAE, choosing Dubai, to be its home for designing and developing exclusive destinations. With a carefully selected team of industry experts, artisans and accomplished craftsmen, MERED claims they are committed to pushing real estate boundaries in the country. The company focuses on developing opulent places that enrich people’s lives and stand the test of time in terms of their values and exceptional building quality.
The ultra-luxury real estate sector in Dubai is in a second boom this year, not only flourishing but also establishing unprecedented records on a global scale. According to the Dubai Land Department, H1 of this year saw apartment sales more than double to a growth of 63% year on year over 2022 with a total of 46,166 apartments being sold at a value of AED92.5 billion. The five most expensive apartments sold in this period range from AED78 million to AED410 million, with the Dubai Marina area continuing to feature in the list. The prices of super luxury apartments continue to increase quarter on quarter, with Q1 2023’s 5th most expensive apartment coming in at AED65million, vs Q2’s AED78 million apartment sale.
Ramil Guliev, CEO of MERED, said: “As we embark on this journey, MERED envisions exponential growth, driven by our unwavering dedication to our customers and to the vision of Dubai. With our team’s focus and history in delivering beyond expectations, we aim to reshape the country’s luxury real estate landscape and leave a lasting legacy of extraordinary living experiences”.
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