Dubai, one of the world’s fastest-growing cities, is set to witness the entry of international real estate developer MERED into the UAE market. With a focus on designing and developing exclusive destinations, MERED has chosen Dubai as its home to push the boundaries of the real estate sector. The company’s carefully selected team of world-class industry experts, artisans, and accomplished craftsmen reflects its commitment to delivering exceptional building quality and enriching people’s lives.
MERED’s projects are characterized by a unique blend of human-centric experiences, care for the environment, the latest technology, and a profound love for design and architecture. The aim is to transform each real estate asset into an exquisite collection piece that will be cherished by generations of buyers.
Dubai’s ultra-luxury real estate sector is currently experiencing a second boom that has not only flourished but also set unprecedented records on a global scale. According to the Dubai Land Department, apartment sales in the first half of this year more than doubled, growing by 63% year on year compared to 2022. A total of 46,166 apartments were sold, with a value of AED 92.5 billion. The list of the five most expensive apartments sold during this period ranges from AED 78 million to AED 410 million, with the Dubai Marina area continuing to be prominently featured. In addition, the prices of super luxury apartments have consistently increased quarter on quarter, with the Q2 2023 sale reaching AED 78 million compared to Q1’s AED 65 million.
As part of its launch, MERED is excited to announce its flagship project in Dubai Internet City, the region’s leading technological hub seamlessly connected to Dubai’s major attractions, including Palm Jumeirah, Dubai Marina, Mall of the Emirates, and the inviting Jumeirah beaches. This upcoming development boasts world-class architecture and amenities designed to reflect MERED’s visionary approach to the city. The iconic architecture is a result of collaboration with Pininfarina, a renowned name in design and architecture. With an impressive portfolio that began in the automotive world over 90 years ago, working with legendary car brands like Ferrari and Alfa Romeo, Pininfarina has evolved into a sought-after architecture and lifestyle design house. Their projects have garnered awards in Brazil and witnessed elegant and innovative developments in Spain, Singapore, Florida, Washington, and other prominent locations worldwide. The MERED project, developed in collaboration with Pininfarina, promises to harmoniously merge technology and beauty to create a breathtaking development that will positively impact Dubai’s growing cosmopolitan hub. MERED’s meticulous attention to detail, commitment to quality, and collaboration with an international team of industry experts will shape this new architectural icon in Dubai’s skyline. Stay tuned for more details to be announced soon.
CEO of MERED, Ramil Guliev, expresses his enthusiasm for the launch, stating, “We are thrilled to mark the entry of MERED into the UAE, a region renowned for its forward-thinking, innovation, and grandeur, with aspirations of becoming a global real estate icon. Our pride lies in our commitment to building excellence and creating unparalleled living experiences. We have formed a team comprised of the world’s best construction, design, and development experts. The UAE has earned its reputation as a welcoming world-class destination, and we are excited to contribute to its growth and prestige by introducing our highly crafted real estate developments. Our projects extend beyond mere buildings; they are unique places designed to cater to the aspirations and needs of our discerning customers, with a genuine care for the long-lasting impact on the community and the city.”
Guliev further emphasizes MERED’s vision for exponential growth, driven by unwavering dedication to customers and Dubai’s vision. With a history of delivering beyond expectations, MERED aims to reshape the luxury real estate landscape of the country and leave a lasting legacy of extraordinary living experiences.
MERED’s extensive portfolio of ultra-high-end residential, commercial, and mixed-use developments aligns with Dubai’s 2040 Urban Master Plan, which envisions the continued global rise of the emirate as a leading destination.
For more information on MERED and its projects, please visit MERED’s official website.