Dubai is currently seeing a compelling trend in the preferences of affluent homeowners, with smart homes emerging as the epitome of modern opulence in architecture and interior design, according to luxury real estate agency Unique Properties.
This shift towards technology-integrated living spaces is captivating the attention of both international investors and end-users, as they seek a holistic luxury living experience.
Buy/sell, rent/lease residential &
commercials real estate properties.
According to the agency, the UAE’s property sector is seeing developers ramping up their efforts to modernise offerings in line with country-wide mandates such as UAE Net Zero 2050 and the Dubai 2040 Urban Masterplan.
While architectural skill has always been appreciated in the luxury real estate industry, today’s investors and buyers are looking for more than just extravagant materials.
The focus has shifted towards residences with abundant amenities, and the smart home market in the UAE is reaping the benefits of this rising demand.
The segment is projected to grow at a compound annual growth rate (CAGR) of 11.13 percent, with a market volume estimated to reach $113.8 million by 2028.
The surge in demand for smart home technology is fueled by the UAE’s emphasis on innovation and luxury living.
Buyers and investors globally are increasingly drawn to modern, technology-integrated homes with contemporary interiors.
Open-concept floor plans and futuristic features are highly sought after in new constructions.
Smart home automation, including voice-activated technology and energy-efficient features, has become a prominent global trend.
“To keep leading this dynamic market, it is crucial to remain attuned to emerging trends and strategic enhancements that distinguish properties with an unmistakable touch of luxury – while elevating the UAE’s overall stature and reinforcing Dubai’s position as an unparalleled city,” Arash Jalili, Founder and CEO of Unique Properties said.
The smart home market in Dubai is expected to experience an annual growth rate of 11.73 percent from 2022 to 2027, presenting substantial future potential.