An established Dubai-based architect and a UAE construction contracting provider have joined forces to launch a new holistic design and construction firm, Estilo Architects. The newly formed business will focus primarily on delivering luxury residential projects across the UAE.
Estilo Architects has been founded by long-established professionals from the architecture, interior design and construction sectors. The collaboration brings together a wealth of experience in the residential market both locally and globally, with over 60 years’ combined experience within the UAE real estate sector.
The team has successfully completed single home and larger residential developments in the UAE, wider Middle East, Europe, US, Africa and Asia. Within the UAE, the senior team has delivered over 30 residential projects, valued in excess of US$70m, across luxury developments such as Palm Jumeirah and Emirates Hills. The Estilo Architects team will continue to deliver fully bespoke villas in Dubai’s residential developments and standalone plots.
Estilo Architects offers customers fully-bespoke, turnkey design and construction services, from initial planning and architectural design through to pre-construction services, construction, interior design and handover. Each of the services is offered by the in-house team, removing the need for new build and renovation clients to seek additional third-party contractors for residential projects.
Ezaht Al Doory, Managing Partner of Estilo Architects, said: “Traditionally, clients have used multiple service providers and contractors when building a new home or renovating an existing property. This has led to frustration, as communication between the different parties can lead to inaccuracies, delays and unforeseen costs. By offering a turnkey solution we are able to move through the project, from start to finish, seamlessly. Clients have a single point of contact who acts as their representative, ensuring works are completed on time, to budget and without any compromise on quality. Currently, there is a gap in the market – homeowners and investors do not have a lot of choice when looking for an integrated solutions provider. Estilo Architects will fill this requirement, providing every service under one roof.”
The innovative studio will provide services focused on the UAE’s luxury residential sector. New build architecture and construction services will be offered to clients looking to design and build villas anywhere in the emirates. Existing villa owners will also have access to a full range of interior design and renovation services available to update their existing properties.
According to research published by JLL in January 2019, Dubai’s residential values have declined by approximately 25 per cent from its peak in 2014, including a 10 per cent drop in 2018. The firm expects values to decline by 5 per cent to 10 per cent in 2019 in response to a forecasted 31,500 homes being completed this year, which is more than twice the city’s average demand over the previous five years. New analysis by Luxhabitat, a high-end property brokerage, reports sales in Dubai’s prime residential market have also declined, falling by 11 per cent to US$10.6bn in 2018. However, the report said the average price per square foot for villas sold in 2018 increased, indicating interest in premium units.
Of the decision to establish Estilo Architects in challenging market conditions, Al Doory explained: “Despite the well-publicised softening of the UAE real estate market and the increasing demand for affordable homes, there is still a healthy appetite for luxury properties in the emirates. As people look to take advantage of lower house prices to build, upgrade or renovate their homes, we feel the region is ready for a firm specialised in offering turnkey high-end solutions.
“Many experts predict Dubai’s residential market will experience an upswing in 2020 due to property life cycle projections and Expo 2020, making now the ideal time to invest in property. Estilo Architects, in addition to providing services to homeowners and property investors, will be expanding into purchasing properties with a view to upgrading or completing them to premium standards. These properties will then be put on the market for buyers looking to invest in a unique, high-end home.”