For this venture, von Rosen has invested over 500 million dirhams of private capital to meet the demands of an increasing number of ultra-high-net-worth individuals flocking to Dubai from Europe and the United States. He stated that these individuals seek top-tier residences built to European standards, style, and specifications, which is precisely what 25 Degrees aims to deliver.
As a German residing between Dubai and Switzerland, von Rosen is not only the founder of several global gambling and betting companies but also boasts an annual income exceeding $1 billion, having founded numerous other companies in fashion, insurance, and financial technology sectors. His personal influence and business acumen inject powerful momentum into 25 Degrees.
Additionally, 25 Degrees has collaborated with Sotheby's International Realty to sell its first project, a 5,800 square foot private beach villa priced at a staggering $16.9 million. Simultaneously, the developer has plans to introduce larger private beach villas spanning 10,500 square feet to cater to a broader range of clientele.
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Furthermore, 25 Degrees has formed a strategic partnership with real estate project management and consulting experts, Carter Hones Associates, laying a solid foundation for the company's future development. Additionally, the developer has partnered with renowned local architects and interior designers to ensure its real estate projects achieve the highest standards in design and construction.
In terms of specific architectural design, the first completed luxury beach villa features imported furniture and accessories from renowned European brands, while also incorporating high-quality stones from Italy, Greece, and Brazil, including Italian white onyx backlit stone and Greek white Carrara marble, adding luxury and quality to the villa.
A report by Knight Frank reveals that during 2023, sales of homes in Dubai priced above $10 million increased by 92.4%, reaching 431 units. The report also indicates that in the first nine months of 2023, Dubai's sales of residences priced over $10 million were more than double those of its closest competitor, New York. This demonstrates that Dubai, as a leader in the global luxury real estate market, is attracting the attention of an increasing number of international investors and buyers, and the rise of 25 Degrees will inject new vitality and opportunities into this market.
