The Market

Baccarat Residences Sold for A Record Breaking Price/sqft


A record-breaking AED 14000 per square foot was achieved in the sale

Words by Aneesha Rai in The Market · Apr 10th, 2023

Luxhabitat Sotheby’s International Realty officially launched the Exclusive Baccarat Residences just a month ago in Downtown Dubai and has already witnessed exceptional interest with residences selling for a record-breaking AED 14,000 per square foot. 

Making their spectacular MENA debut in the heart of Dubai, the Baccarat Residences offer generously spacious and intimate homes with unparalleled service, and iconic design. This ultra-luxury branded residence is a visionary real estate development that combines elegance and effortless style in a destination that overlooks the iconic Burj Khalifa. 

The residential complex boasts 49 ultra-luxury apartments, with two to five bedrooms, situated across 24 floors. The Baccarat Residences will reflect the calibre of this legendary brand who is adept at exceeding the expectations of the world’s most discerning connoisseurs. The Baccarat Residences are owned by Shamal, who will collaborate closely with H&H Development. 

Designed to enrich each of life’s moments, the crystalline tower creates a majestic presence that shines bright amongst the city’s stunning skyline. Carefully layering and orchestrating exquisite fabrics, fine marbles, and shimmering crystals, the resplendent interiors, and impeccable finishings are the future of today’s world-class community living.

We have seen a major uplift in the branded residences component and the demand in prime areas combined with the demand for a premium brand is not based on the market rules. At Luxhabitat Sotheby's International Realty, we have done our pricing matrix based on selling branded residences across the globe and we have unmatched experience on how to find the right buyers on our global database. Three of the buyers for the Exclusive Baccarat Residences in Downtown Dubai are already owners of Baccarat residences in New York and Miami showing that the product is suited for avid collectors. - George Azar, CEO & Chairman of LUXHABITAT Sotheby's International Realty

The Brilliance Of Baccarat

Founded by King Louis XV, Baccarat is a legendary French crystal company whose artisans have mastered their craft for over 250 years. The Baccarat name has long been synonymous with royalty, kings and queens, sultans and tsars, moguls, and modern-day stars. Its glittering objets d'art are defined by their elegance and authenticity, used throughout the most sumptuous repasts and celebrations of life. With each of their exclusive residences, they aim to expand and create neighbourhoods that offer resort-style comfort with five-star service so that residences and their guests can experience a life that forever sparkles. Baccarat is known the world over as a leader in perfection and luxury artisanship. Baccarat Hotels & Resorts launched in 2015 in New York, the first hotel and global flagship for the more than 250-year-old Baccarat crystal brand. Over the centuries, they have produced some of the finest beauties the world has seen and their foray into branded residences comes with the same level of precision, passion, and finesse. 

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