BNW's Smita Nair sees strong demand for UAE luxury homes

The UAE’s luxury real estate market continues to remain resilient despite global uncertainty, according to BNW Developments’ Head of International Sales, Smita Nair.

Speaking at a session at the India Today Conclave, Nair said demand for ultra-luxury and branded residences remains strong even as parts of the mid-market segment show caution.

Nair noted that BNW Developments has grown rapidly in the UAE property market, reaching a gross development value of about 32 billion dirhams, or $8.7 billion, within less than three years. She highlighted Ras Al Khaimah as a rising investment destination, driven by projects on Al Marjan Island and the upcoming Wynn Integrated Gaming Resort, which is expected to boost tourism and property demand.

According to Nair, waterfront luxury homes and branded residences are currently the biggest trends shaping the market. She also said Indian investors account for nearly 40% of buyers, making them a key driver of demand in the UAE real estate sector.