Wetag Consulting and Christie’s International Real Estate Dubai welcomed UHNWIs to Lugano for a bespoke banquet dinner, in partnership with leading luxury developer, OMNIYAT.

Lugano, Switzerland: Wetag Consulting and Christie’s International Real Estate Dubai, affiliates of the exclusive Christie’s International Real Estate network, co-hosted a highly successful banquet dinner in the scenic city of Lugano, in partnership with renowned UAE developer OMNIYAT. Held on 5th October, the invite-only event explored the art of luxury living in Dubai.

Christie’s International Real Estate is the world’s leading luxury real estate network and shares the same prestigious heritage as the 250-year-plus auction house, Christie’s. Its unmatched network spans over 50 countries across six continents. The brand’s affiliates work in tandem with each other across borders to offer the rarest luxury real estate opportunities worldwide to a highly discerning clientele. “The banquet dinner in Lugano perfectly encapsulated everything that Christie’s International Real Estate represents as a brand,” said Jackie Johns and Dinesh Chhatwani, Managing Partners at Christie’s International Real Estate Dubai.

In addition to its affiliation with Christie’s, Wetag Consulting brought a unique local touch to the event, drawing upon its deep-rooted connections in Ticino and extensive database of high-profile clients. As a premier luxury real estate firm in Switzerland, Wetag has been dedicated to serving ultra-high-net-worth individuals in the region, offering them exclusive access to prestigious properties and investment opportunities. This reputation and network allowed Wetag to gather an exceptional group of guests for the banquet in Lugano, further reinforcing its role as a bridge between the Swiss elite and the international luxury real estate market.

Ueli Schnorf, Philipp Peter & Iradj Alexander David - Owners Wetag Consulting

Wetag Consulting, the host, provided a dedicated team of five to welcome and cater to the numerous guests. Ueli Schnorf, Iradj Alexander David and Philipp Peter, the three Wetag owners present, expressed their satisfaction with the event: “Wetag’s international connections are working seamlessly. The world not only sends us high-end buyers, but we can also support our local clients directly with the best connections for their questions or interests in foreign luxury real estate.”

Nearly 50 ultra-high-net-worth individuals from Lugano and its surrounding areas attended the event, which featured a full-course dinner, live musical performances, and an in-depth presentation on real estate opportunities in Dubai. The event proved immensely fruitful in attracting buyers and investors to Dubai’s real estate market.

Being the only affiliate of Christie’s International Real Estate in the Middle East, Christie’s International Real Estate Dubai is well-placed to help UHNWIs capitalize on the rare real estate opportunities in the city. “Europe is increasingly becoming one of the largest sources of ultra-high-net-worth buyers for Dubai real estate, particularly in the off-plan space,” noted Johns and Chhatwani. “No income tax, the Golden Visa, high ROIs, favorable payment plans, and other such factors make this city one of the most attractive destinations worldwide. 6,700 millionaires are expected to move here in 2024 — the highest globally.”

Dubai’s luxury properties span a diverse set of lifestyles — beachfront villas, golf-course mansions, downtown penthouses, and more. However, it is the burgeoning off-plan sector that is driving the city’s real estate market, with brands like Mercedes-Benz and Armani rushing to set up cutting-edge branded residences.

Augmenting this growth are firms like OMNIYAT – among the foremost developers of luxury real estate in the U.A.E. Founded in 2005, it has collaborated with world-class architects, including Foster + Partners and Zaha Hadid, on some of Dubai’s most iconic towers.

OMNIYAT presented its most recent launches to the attendees of the event: a lavish set of branded residences in partnership with celebrated hospitality brand the Dorchester Collection. These include Palm Jumeirah’s ORLA, which starts at 6,532 sq. ft. and AED 51.05 million; Business Bay’s VELA, starting at 6,361 sq. ft. and AED 43.33 million; and the luxurious ALBA Residences, starting at 4,683 sq. ft. and AED 44.21 million.