- Global fashion and accessories label Karl Lagerfeld is expanding its real estate portfolio with a new luxury villa project in Dubai.
- This strategy, which has also been embraced by labels such as Versace, Fendi and Dolce & Gabbana, allows affluent consumers to own a piece of the brand’s lifestyle, complete with the label’s own interior decoration products.
- Wealthy individuals should use a safe mode of money transfer when investing in luxury real estate in Dubai.
Karl Lagerfeld, the renowned fashion label, is taking its creativity to a new level with its latest project in Dubai for the construction of luxury villas.
Owned by the G-III Apparel group, Karl Lagerfeld has a global presence with distribution in 200 stores worldwide.
The brand has stores in key cities such as Paris, Shanghai, Monte Carlo, London and Dubai, and also has a well-established e-shop, ensuring a strong online presence in the Middle East, Europe and Asia.
The firm has also expanded its reach further, entering the Chilean market and enhancing its online presence in the Middle East.
Teaming up with Emirati real estate developer Taraf, Karl Lagerfeld is set to bring its signature style to the Middle East for the first time. This marks Karl Lagerfeld’s third venture into residential real estate.
The label first successfully constructed luxury properties in Marbella, Spain, in 2021, and it also plans to build a high-rise hotel and luxury flats in Malaysia, all of which focus on catering to the luxury lifestyles of affluent buyers.
International high net-worth individuals (HWNIs) wishing to purchase new real estate constructed by Karl Lagerfeld should use a safe money transfer system when making overseas transactions.
The firm’s vision is to provide a glimpse into the late designer’s eclectic world, celebrating his motto, “Embrace the present and invent the future”.
The CEO of Karl Lagerfeld, Pier Paolo Righi, expressed his enthusiasm for the partnership, indicating that the company is not just focused on building villas – it wants to craft unique lifestyle habitats.
Taraf is continuing its expansion into the luxury residential market with its latest project, ‘Light’, which is located in the highly desirable Palm Jumeirah area of Dubai.
Meanwhile, Low Ping, CEO of Taraf’s owner, the Yas Holding group, emphasised the immense value and competitive edge that this globally recognised brand brings to Taraf’s next residential property in the UAE.
A recent survey by real estate consultants Jones Lang LaSalle highlighted the increasing demand for branded residential properties, especially among HNWIs.
HNWIs interested in purchasing luxury property abroad can make international money transfer options to ensure their money is transferred securely.
Wealthy individuals can use our online money transfer comparison tool to find the best exchange rates.
