@omarshuker_: Saadiyat Island spent 20 years becoming one of the world's great cultural districts. Turns out its best selling product isn't art. It's homes. 🏛️ The numbers: • Two-bed asking prices from Dh12.8m (Mandarin Oriental average) to Dh19.85m (Nobu, top end) • Louvre Abu Dhabi Residences: all 422 homes sold • Abu Dhabi residential transactions: Dh70.4bn in H1, up 200% • Aldar's overseas buyers: from under 3% to roughly a quarter in five years My view:Nobody is building another Louvre next door. But with branded residences, know how much of the price is the brand and how much is the location. They're not the same premium. And the irony? The artists can't afford to live there. Yet. DM me "SAADIYAT" for my view on which projects actually justify the premium. #Saadiyat #AbuDhabiRealEstate #BrandedResidences #LuxuryRealEstate #LouvreAbuDhabi
