Wellness real estate gains momentum following COVID-19 as Vincitore Realty builds the region's first wellness property in Dubai

Vincitore Realty is redefining real estate, healthy living and wellness with the development of the Dh375 million Vincitore Benessere project, that will change homes and lives - giving people a way for a happy, healthy, and enjoyable lifestyle

  

News Highlights:

  • COVID-19 pandemic, which has created an awareness amongst real estate buyers on improved air quality, wellness, high-quality and sustainability, could potentially wipe out US$82 trillion from global economy in 5 years;
  • The wellness economy is a colossal global industry, estimated by the Global Wellness Institute (GWI) to be a $4.5 trillion market and representing roughly 5.3 percent of global economic output in 2017;
  • Wellness real estate is projected to be a market of $197 billion by 2022 due to massive demand for wellness-oriented homes in the post-pandemic era;
  • Vincitore Benessere is the first wellness property to be built in the Gulf, that will change the way people live, work and retreat;
  • Wellness and happiness are at the crux of Dubai’s vision 2040, to make Dubai the happiest place for residents on earth. 
  • There are over 740 wellness lifestyle real estate and community developments built, partially built, or in development around the world, across 34 countries — and this number is growing every day

Dubai. UAE
The COVID-19 pandemic could potentially cost the global economy a whopping US$82 trillion over the next five years according to the World Economic Forum, thereby shifting the global focus onto the wellbeing and wellness of people. Property buyers worldwide are seeking homes where they can live a higher quality of life, that guarantees all round wellness for themselves and their families.

“While lost value of $82 trillion is the worst-case scenario, the centre's consensus projection was a loss of some $26.8 trillion, or 5.3 percent, of global GDP in the coming five years,” a World Economic Forum report said.

This is on top of the trillions of dollars lost in global equity and more than US$4 trillion lost in tourism sector worldwide due to the pandemic.

Wellness is a US$4.5 trillion colossal global industry, estimated by the Global Wellness Institute (GWI). The last hundred years have brought great advances in engineering, sanitation, building safety and city planning. Science and technologies have enabled us to control infectious diseases and bring ever greater levels of comfort, conveniences, entertainment and telecommunications into our homes.

GWI, a leading authority on wellness worldwide, believes that residential real estate is the next frontier that will be radically transformed by the wellness movement. As the world recovers from the deadly pandemic, property developers, home owners and future property buyers have started to look at Wellness Real Estate and homes that are equipped with wellness amenities and features that can take care of their residents in the best- and worst-case scenarios, and offer them a better quality of life.

It is against this backdrop that Vincitore Realty, one of Dubai’s finest branded-boutique real estate, is continuing its advanced stage construction works on its newest project Vincitore Benessere – a wellness cluster that will create a safe haven for its residents and owners when delivered in Q2 2023.

Wellness real estate developer, Mr. Vir Doshi, Director of Vincitore Realty, and an ambassador from Dubai for the Global Wellness Institute, says, "As real estate developers, we build spaces where people spend 80 percent of their life, hence, we believe it's our responsibility to ensure that the demand for health and wellness is incorporated in every aspect of their life from physical wellness, mental wellness, emotional wellbeing, spiritual wellness, work-life balance and more.

“When we design landmarks, we combine wellness with modern technology to provide our residents with spaces, amenities, and wellness features they need to live healthier, happier, and longer lives.

With a development value exceeding Dh375 million, Vincitore Benessere, Dubai’s 1st ever Wellness Residential Landmark will host 380 branded residences ranging from Studios to 3-Bedroom luxury apartments – all fitted with the best-in-class facilities and amenities suited for those seeking the ultimate integration of wellness and luxury lifestyle.

The project will be the first to include over 100,000 sq. ft. of luxurious wellness amenities in a seamless leisure deck, ranging from an Island gym, a lagoon pool,   room, meditation room, a Zen garden, a botanical garden, aromatherapy, a business lounge, soft jogging track, an all-sports terrain, and many more facilities that encompass holistic wellbeing.

Vincitore Benessere has been designed as a completely unique development that encompasses   and supports major aspects of human wellness through extensive research, design and execution of fundamental principles of wellness in Real estate like never before. 

Given the unique opportunity in the Wellness Real Estate sector, Vincitore Benessere is the first-ever wellness residential landmark in the UAE ready to rewrite the course of luxury real estate with wellness, in the golden city of Dubai.

The city has been a hub of innovations in real estate for the world, and this landmark serves as a testament to the same. It is a perfect solution in the post-pandemic world for a new age dweller who aspires for a luxury home without missing the wellness quotient. This project aligns with the initiative of the Dubai 2040 vision, to set new benchmarks in the city of Dubai by offering citizens the guarantee of a better quality of life.

The project is located in Arjan, next to Miracle Gardens with the magnificent views of the floral display at the Miracle Garden. The development of Vincitore Benessere more than doubles the developer’s real estate portfolio value to Dh730 million (US$200 million), including the Dh135 million Vincitore Palacio and Dh230 million Vincitore Boulevard.

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases