Middle East is catching up to Miami’s branded condo craze

Miami, and by extension the U.S., has long dominated the realm of branded condos in luxury real estate. But a new report from Knight Frank shows the Middle East is closing in on the lead. According to the report, the U.S. makes up 32.7 percent of all active branded residences and 26.2 percent of pipeline projects, while the Middle East has 15.9 percent of active branded residences and 26.7 percent of pipeline projects. These include Emirati developer Aldar’s planned Mandarin Oriental Residences, a 226-unit Bjarke Ingels-designed project in Abu Dhabi’s Saadiyat Cultural District. Other brands with projects planned in the […]This article originally appeared on The Real Deal. Click here to read the full story.