Living the Brand: How Luxury Car Makers are Redefining Skyline Living
Luxury brands are no longer just about cars and fashion; they are now making a statement in the real estate market. Bugatti, known for its ultra-expensive supercars, is venturing into branded residences with a residential tower in Dubai, potentially selling apartments starting at $5.2 million. This move reflects a growing trend among luxury firms, including Porsche, Aston Martin, Fendi, and Swiss watchmaker Jacob & Co, to create lavish living spaces that echo their brand’s prestige.
Situated in the heart of the UAE, Bugatti’s 43-storey skyscraper will feature penthouses equipped with private lifts for cars, appealing to a clientele that values both luxury automobiles and a lavish lifestyle. Notable personalities, such as Neymar Junior and Andrea Bocelli, are among potential buyers, highlighting the exclusivity associated with these properties.
According to a report by Knight Frank, the demand for branded residences has surged in the last two years; the number of such developments has increased from 169 in 2011 to 611 today, and it is projected to reach 1,019 by 2030. While the US currently dominates this market, regions like the Middle East, particularly Dubai, are witnessing rapid growth driven by a high influx of wealthy individuals seeking luxury options.
Faisal Durrani from Knight Frank notes that the appeal of these branded homes lies in extreme brand loyalty, creating a lifestyle that resonates with their owners. Unlike traditional hotel chains, luxury brands are now leading the charge in this sector, with many projects offering high-end amenities such as private clubs, wellness facilities, and access to exclusive services.
The phenomenon is largely rooted in the desire for social exclusivity and status, with consumers viewing these branded residences as assets that confer a central place in societal hierarchies. However, there are concerns that excessive branding in residential spaces could detract from their uniqueness, making living in such environments feel more like displaying wealth than enjoying a home. Ultimately, the evolution of branded residences signals a new frontier for luxury brands, extending their influence from products to people’s everyday lives.