Al Habtoor Group, a leading conglomerate in the United Arab Emirates, has raised the benchmark for luxury and comfort by offering a wide range of world-class amenities and services at the recently launched state-of-the-art Al Habtoor Tower. Located in one of Dubai's most sought-after locations, the tower offers incredible views, including Dubai's magnificent skyline, making it a first-class luxury development.
This year, Dubai's luxury residential market is expected to see strong expansion, with Knight Frank's Top Luxury Residential Forecasts 2023 report stating that the sector is set to achieve a significant growth of 13.5 per cent, the highest in the world. The emirate's high-end property market is expected to expand significantly due to the limited supply of new high-end homes.
Al Habtoor Group aims to add to Dubai's incredible skyline with its Al Habtoor Tower. Located in Dubai's upmarket neighbourhoods, the 82-storey tower has been built with meticulous attention to detail and precision, skilfully blending sophistication, luxury, convenience and privacy, while transforming perceptions of quality and excellence. Spread over three floors, the tower boasts unique world-class amenities that will provide residents with unrivalled hospitality. Scheduled for completion in three years, the tower will offer 360° views of Dubai's spectacular skyline, including the iconic Burj Khalifa, Dubai Canal, Maidan and the waters of the Arabian Gulf.
Mohammed Al Habtoor, Chief Executive Officer and Vice Chairman of Habtoor Group, said: "The Habtoor Tower project is one of our most ambitious projects and will redefine the concept of urban living. By launching this iconic tower, we hope to fulfil the growing demand for luxury residences in Dubai. The tower is a testament to our unwavering commitment to exceeding all expectations of our clients by creating and delivering extraordinary homes and experiences. It also demonstrates our commitment to setting new benchmarks for luxury living and quality standards by providing unrivalled service and first-class facilities".
In addition, Dubai's emergence as the number one luxury real estate market globally in 2023, according to the Destination Dubai 2023 report published by Knight Frank, is a significant milestone. In the first half of this year, Dubai overtook London, New York and Paris for the first time, generating around $850 million (Dh3.1 billion) from high-end residential units valued at more than $10 million. With the launch of Habtoor Tower, the Group aims to make a significant contribution to this growth by raising the bar in property development.
The tower offers a host of extraordinary facilities including an infinity pool with 270-degree views of the Dubai skyline, indoor and outdoor lounge areas, a wide range of gyms and fitness facilities, paddle tennis courts, a luxury spa and sauna facilities, a licensed residents' café and restaurant, a library, quiet spaces, an internet room and much more.
The building will be located in one of Dubai's most coveted locations, Habtoor City, giving residents easy access to world-class shopping, dining, entertainment and other iconic landmarks. The building is also expected to be one of the most innovative and sustainable landmarks. Al Habtoor City is an exceptional mixed-use development that offers international buyers one of the best investment opportunities in the region.
