Design in Response to the Knight Frank report on rising real estate prices

A recent Knight Frank report highlights the rapid rise in property prices in Dubai, with nearly 20% of homes now valued over $1 million. Ekaterina Patalina, founder of our bureau Cont de Arch, shared insights on how this trend is driving demand for design solutions that enhance property value.

The shortage of villas in prime locations has led to an 18% increase in renovation requests. In 2023, 30% of our clients sought redesign projects, reflecting a growing interest in improving the appeal and liquidity of properties. Our research shows a 22% increase in demand for bespoke designs and an 18% rise in luxury property redesigns over the past two years. Incorporating smart technologies and sustainable materials can increase resale value by 10-15%.

As Knight Frank forecasts an 8% increase in property prices by 2025, developers and owners must adapt to the evolving market, where modern design features like energy efficiency and smart technologies are becoming essential.

Read more on Business News.

‍