Luxe Developers sees increased demand for premium residences with co-working spaces
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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.
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