Luxe Developers sees increased demand for premium residences with co-working spaces
Property Luxe Developers sees increased demand for premium residences with co-working spaces
By
Research has shown a surge in demand for co-working spaces across the UAE, the market is projected to grow by 43% by 2029
The Luxe Developers has tracked a surge in demand for premium residences with integrated co-working spaces from high-net-worth investors. This trend is said to be driven by investors and professionals who value flexible and business ready living environments, transforming the luxury real estate landscape in the UAE. The latest research from Mordor Intelligence underscores the growing demand for co-working spaces in the UAE. The market is projected to experience 43% growth in value by 2029. Consequently, luxury residential developers are integrating business facilities within their properties, which allows residents to work from home without compromising on the luxury they expect.
According to Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, 'Buyers are increasingly demanding luxury homes that incorporate excellent business and meeting facilities, particularly in their developments in Ras Al Khaimah. Traditionally, luxury residences have been associated with leisure and exclusivity. However, with remote work and global entrepreneurship on the rise, affluent buyers are now prioritising developments that support their professional needs as much as their lifestyle aspirations. Investors and professionals are no longer looking at luxury properties solely as homes or holiday residences; they want spaces that enable them to work efficiently while enjoying an ultra-luxurious lifestyle.'
The Luxe Developers has launched two projects on Al Marjan Island, the company's flagship development, the sold-out Oceano, and the recently launched La Mazzoni. The latter is a fully furnished project that combines luxury with the contemporary, transient lifestyle of the UNHWI investor by crafting spaces that allow them to work efficiently without compromising on the elevated offering, said a statement.
'With La Mazzoni, we have designed fully furnished luxury residences that meet the demands of a new generation of global business leaders who expect top-tier co-working facilities within their private residence community. In addition to world-class amenities, we have carefully crafted co-working spaces inspired by nature to curate an environment that blurs the boundaries between personal sanctuary and a thriving entrepreneurial ecosystem,' added Agarwal.
Siddharta Banerji, Managing Director and Co-owner, The Luxe Developers added, 'The future of luxury real estate is about creating homes that are more than just a place to live; they must cater to every aspect of modern life, including business and productivity. This is why La Mazzoni offers fully equipped workspaces alongside world-class leisure amenities. Integrated co-working spaces in La Mazzoni are built to foster networks where like-minded resident entrepreneurs, venture capitalists, and creatives can cross paths. Our co-working spaces are designed to inspire ideas and future collaborations. Ras Al Khaimah is no longer just a second-home destination; it is now the primary choice for modern investors seeking a lifestyle destination that offers the versatility of a personal retreat combined with a professional hub.'
With the rapid expansion of co-working spaces in the UAE, Ras Al Khaimah is becoming a destination where business and leisure intertwine. This presents an opportunity for investors and entrepreneurs to acquire property that aligns with their lifestyle and professional aspirations. The emirate has established itself as an investment hub, offering developments, while maintaining a more serene and exclusive environment. According to market analysts, prices in the emirate have surged by up to 60%, fueled by investors and arrival of mega-developments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
7 hours ago
- Zawya
Lifesize Plans Dubai to complement sector growth through its integrated projected technology
Dubai, UAE – The UAE's construction sector has experienced a constant surge in recent years due to several factors, including strong government investments, economic diversification, and an increasing population all providing a strong positive impact on the country's real estate sector. The construction market size is expected to witness a compound annual growth rate of 4.26% as of this year to reach AED 193.38 by 2030, according to leading market intelligence and advisory firm 'Mordor Intelligence' [1]; this will contribute to the real estate sector as more developments are currently in the pipeline with the aim of being delivered by then. The construction sector's growth also fueled by various additional factors, including infrastructure development, particularly in transportation and renewable energy will more than ever require the support of new innovative technologies to help provide the best possible product to its customers. Dubai's proptech market, which is also aiming to double its sector value by 2030 [2], has been a major contributor to this surge through its cutting-edge technology bringing a new dimension to the sector from both a technical and design perspective. Lifesize Plans Dubai, a leading company in life-sized architectural projections worldwide, has been one of the key additions for the UAE's real estate sector since it entered the market in 2023. Providing an immersive, full-scale architectural visualization that is redefining the pre-construction experience, the company offers a market solution that aims to mitigate risk for buyers and facilitates a core client-centered service for developers and sellers. By integrating 'Virtual Reality & Augmented Reality' experiences, UAE residents are now able to toggle between finishes, floor plan variations, and alterations—all before a single structure is built. Georges Calas, CEO of Lifesize Plans Dubai commented: 'Witnessing the constant growth of the UAE's real estate sector and strong influx of investors coming in from all around the world, it was an easy decision for us to enter the market in 2023. As the sector continues to flourish, it becomes increasingly crucial to focus on the attention to detail for every square meter that it is being constructed not just from a design perspective, but to also help identify any potential problem before work even starts on the project. As the overall supply of both residential and commercial developments continue to increase, the proptech sector in parallel also becomes more of a necessity as opposed to a luxury when it comes to investors looking to buy their dream home and will soon become an essential tool for developers to incorporate in the years to come.' As the UAE continues to be a global destination for both investors and tourists alike, the construction and real estate sectors remain as two of its leading backbone industries when it comes to maintaining its continued prosperity. The growth of complementary sectors such as proptech to help provide the best possible product when it comes to infrastructure, design and quality will also be an increased focus for developers as the real estate market continues to grow and evolve. -Ends- About Lifesize Plans Dubai: Lifesize Plans Dubai is the UAE's premier provider of full-scale architectural plan projection and virtual walkthroughs. By combining physical-scale visualizations with immersive technology, the company bridges the gap between concept and construction—helping clients experience, evaluate, and enhance their projects before building begins.
ME Construction
21-05-2025
- ME Construction
Luxe Developers sees increased demand for premium residences with co-working spaces
Property Luxe Developers sees increased demand for premium residences with co-working spaces By Research has shown a surge in demand for co-working spaces across the UAE, the market is projected to grow by 43% by 2029 The Luxe Developers has tracked a surge in demand for premium residences with integrated co-working spaces from high-net-worth investors. This trend is said to be driven by investors and professionals who value flexible and business ready living environments, transforming the luxury real estate landscape in the UAE. The latest research from Mordor Intelligence underscores the growing demand for co-working spaces in the UAE. The market is projected to experience 43% growth in value by 2029. Consequently, luxury residential developers are integrating business facilities within their properties, which allows residents to work from home without compromising on the luxury they expect. According to Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, 'Buyers are increasingly demanding luxury homes that incorporate excellent business and meeting facilities, particularly in their developments in Ras Al Khaimah. Traditionally, luxury residences have been associated with leisure and exclusivity. However, with remote work and global entrepreneurship on the rise, affluent buyers are now prioritising developments that support their professional needs as much as their lifestyle aspirations. Investors and professionals are no longer looking at luxury properties solely as homes or holiday residences; they want spaces that enable them to work efficiently while enjoying an ultra-luxurious lifestyle.' The Luxe Developers has launched two projects on Al Marjan Island, the company's flagship development, the sold-out Oceano, and the recently launched La Mazzoni. The latter is a fully furnished project that combines luxury with the contemporary, transient lifestyle of the UNHWI investor by crafting spaces that allow them to work efficiently without compromising on the elevated offering, said a statement. 'With La Mazzoni, we have designed fully furnished luxury residences that meet the demands of a new generation of global business leaders who expect top-tier co-working facilities within their private residence community. In addition to world-class amenities, we have carefully crafted co-working spaces inspired by nature to curate an environment that blurs the boundaries between personal sanctuary and a thriving entrepreneurial ecosystem,' added Agarwal. Siddharta Banerji, Managing Director and Co-owner, The Luxe Developers added, 'The future of luxury real estate is about creating homes that are more than just a place to live; they must cater to every aspect of modern life, including business and productivity. This is why La Mazzoni offers fully equipped workspaces alongside world-class leisure amenities. Integrated co-working spaces in La Mazzoni are built to foster networks where like-minded resident entrepreneurs, venture capitalists, and creatives can cross paths. Our co-working spaces are designed to inspire ideas and future collaborations. Ras Al Khaimah is no longer just a second-home destination; it is now the primary choice for modern investors seeking a lifestyle destination that offers the versatility of a personal retreat combined with a professional hub.' With the rapid expansion of co-working spaces in the UAE, Ras Al Khaimah is becoming a destination where business and leisure intertwine. This presents an opportunity for investors and entrepreneurs to acquire property that aligns with their lifestyle and professional aspirations. The emirate has established itself as an investment hub, offering developments, while maintaining a more serene and exclusive environment. According to market analysts, prices in the emirate have surged by up to 60%, fueled by investors and arrival of mega-developments.
Arabian Business
20-05-2025
- Arabian Business
Ras Al Khaimah premium residences with co-working spaces see rising demand: Report
UAE-based property firm The Luxe Developers reports increasing demand from high-net-worth investors in Ras Al Khaimah for premium residences featuring integrated co-working spaces. The trend stems from investors and professionals seeking flexible, business-ready living environments, which is transforming the luxury real estate market in the UAE. Research from Mordor Intelligence confirms this shift, projecting the UAE co-working space market to grow by over 43 per cent by 2029. In response, luxury residential developers are incorporating business facilities within high-end properties, enabling residents to work from home whilst maintaining luxury standards. Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, said: 'Traditionally, luxury residences have been associated with leisure and exclusivity. However, with remote work and global entrepreneurship on the rise, affluent buyers are now prioritising developments that support their professional needs as much as their lifestyle aspirations. Investors and professionals are no longer looking at luxury properties solely as homes or holiday residences; they want spaces that enable them to work efficiently while enjoying an ultra-luxurious lifestyle.' The firm has launched two projects on Al Marjan Island – the sold-out Oceano development and the recently unveiled La Mazzoni project, valued at AED 2.3 billion. La Mazzoni offers fully furnished luxury residences designed for ultra-high-net-worth individuals who require professional working spaces within their residential community. 'With La Mazzoni, we have designed fully furnished luxury residences that meet the demands of a new generation of global business leaders who expect top-tier co-working facilities within their private residence community. In addition to world-class amenities, we have carefully crafted co-working spaces inspired by nature to curate an environment that blurs the boundaries between personal sanctuary and a thriving entrepreneurial ecosystem,' Aggarwal added. Ras Al Khaimah's investment boom As co-working spaces expand throughout the UAE, Ras Al Khaimah is becoming a destination where business and leisure intersect, creating opportunities for investors and entrepreneurs seeking property that accommodates both lifestyle and professional requirements. The emirate has positioned itself as an investment hub, offering high-end developments in a more exclusive environment. Market analysts report price increases of up to 60 per cent in the emirate, driven by investor confidence and planned mega-developments. Siddharta Banerji, Managing Director and Co-owner of The Luxe Developers, explained: 'The future of luxury real estate is about creating homes that are more than just a place to live; they must cater to every aspect of modern life, including business and productivity. This is why La Mazzoni offers fully equipped workspaces alongside world-class leisure amenities. Integrated co-working spaces in La Mazzoni are built to foster networks where like-minded resident entrepreneurs, venture capitalists, and creatives can cross paths. Our co-working spaces are designed to inspire ideas and future collaborations.' 'Ras Al Khaimah is no longer just a second-home destination; it is now the primary choice for modern investors seeking a lifestyle destination that offers the versatility of a personal retreat combined with a professional hub,' Banerji concluded.
