The Luxe Developers tap into $2tn wellness market with La Mazzoni
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The global wellness real estate market where developers prioritise lifestyle, health, and environmental sustainability stood at US $438.3bn in 2023
Developer The Luxe Developers said it has experienced an increase in interest for its latest development, La Mazzoni, due to the growing global demand for real estate with health and well-being amenities.
As the UAE continues to attract ultra-high-net-worth individuals (UHNWIs), the demand for premium residential properties has also witnessed growth. Recent reports have highlighted a shift in buyer preferences towards homes that promote well-being, privacy and sustainability.
According to research from Transparency Market Research, the global wellness real estate market where developers prioritise lifestyle, health, and environmental sustainability stood at US $438.3bn in 2023 and is expected to grow at annual growth rate (CAGR) of 14.8% between 2024 and 2034, and will quadruple in size to $2tn by 2034. The growth highlights the shift in consumer preferences toward living and working environments that are focused on health, well-being and sustainability.
Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers commented, 'La Mazzoni offers a compelling proposition: a state-of-the-art luxury residence incorporating a modern design and holistic lifestyle. We have seen a shift in demand from investors who are increasingly looking for a more balanced lifestyle, with wellness-integrated residences now becoming a prerequisite for many. La Mazzoni was designed in direct response to this. By aligning a luxury living experience with well-being, we offer our clients a value proposition beyond traditional real estate investments.'
Taking inspiration from Ras Al Khaimah, themes relating to nature, sand, sea, and the mountainous landscape will be recognisable from the property's exterior. Features at La Mazzoni will include wellness facilities, health programs, and biophilic designs. An indoor play area for children, outdoor and adventure park will also be provided.
Siddharta Banerji, Managing Director and Co-owner added, 'The Luxe Developers has always been at the forefront of anticipating market trends and addressing the evolving needs of niche investors seeking a work-life balance. La Mazzoni reflects this philosophy by integrating health-focused amenities, sustainability, and exclusivity into its design. It is a prime example of how we aim to deliver long-term value for residents and investors. As the luxury real estate market evolves, developments that combine wellness, sustainability, and exclusivity are becoming increasingly valuable. La Mazzoni exemplifies this trend, offering a unique opportunity for investors seeking premium real estate in one of the UAE's most dynamic regions.'
Residents will have access to indoor and outdoor gym, yoga studios, walking and jogging tracks, paddle courts, rooftop infinity pools, spa equipped with saunas, hammams, and therapy rooms. In addition to outdoor exercise facilities the development will also include water oases.
La Mazzoni will incorporate co-working spaces within the open-air outdoor areas, designed to inspire creativity and productivity. Two dedicated lounges, Sky Lounge and Connoisseur's Corner, will provide additional meeting and working areas within the two-tower development, a library to undertake work in a quiet environment, the developer explained.
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