H&G Sees High Demand for Home Maintenance in Dubai’s Luxury Real Estate Market
Sunday, 25 August 2024
The Farnek Group’s Hitches & Glitches (H&G), a leading name in home maintenance across the UAE, has witnessed an unprecedented rise in demand for its services, particularly within Dubai’s upscale residential real estate sector.
High-Profile Contract on Billionaires Row
- Lavish Residence: H&G recently secured a major contract for a luxurious home on Jumeirah Bay Island, famously known as “Billionaires Row.”
- Size Comparison: The home spans over 7,200 square meters, equivalent to the size of a Manchester City football field.
- Comprehensive Services: H&G provides a full-time team including a housekeeper, maid, chef, driver, service butler, technician, and watchman.
Extensive Home Maintenance Responsibilities
- Maintenance Scope: Services extend to managing pest control, 24/7 security, exercise equipment, a jacuzzi, home automation, laundry and kitchen appliances, a swimming pool, and various water features.
- Property Valuation: A 2,237 square meter plot on Jumeirah Bay Island is valued between AED 155 and 160 million, excluding the cost of villa construction.
According to Zohaib Azhar, Director of Operations at Hitches & Glitches:
“Given the level of investment, these discerning owners understand the necessity of high-quality management and planned preventative maintenance, especially if they are away for extended periods.”
Expanding Horizons: New Projects and Services
- New Assignments: H&G has recently taken on the management of 900 upscale branded apartments and five-star hotel residences across Dubai Downtown, Dubai Creek Harbor, and Dubai Marina.
- Active Contracts: The home maintenance division now oversees over 1,500 Annual Maintenance Contracts (AMCs) worth over AED 22 million, supported by 210 certified technicians.
Dubai’s Booming Luxury Market
- Market Insights: Research from property consultant Knight Frank highlights Dubai as one of the fastest-growing luxury residential markets globally.
- High-Value Transactions: In the first quarter of this year alone, over 100 residential properties sold for more than $10 million, marking a 19% increase from the same period in 2023.
- Regional Hotspots: Homes on Palm Jumeirah represented over one-third of these high-value transactions, with investors from the UK, China, and India making up about 37% of the deals.
Azhar notes:
“With the influx of wealthy overseas investors buying luxury properties in Dubai, we’ve established a specialist unit of highly trained technicians to meet this niche market’s needs. Our tailored offering provides a one-stop shop for MEP services, civil work, carpentry, smart home automation, white goods, special renovation projects, and fit-out works.”
