Simply Abu Dhabi XXVII

1 6 9 S I M P LY A B U DH A B I Mayfair prices perform better long-term than prime central London, as well, thanks in part to the standard of living that its residents enjoy. Cyzer says, “Mayfair is about more than property – it’s about a lifestyle.” Contemporary private members’ clubs, such as George, founded in 2001, attract all ages, while Bellamy’s French brasserie restaurant off Berkeley Square, luxury tailors Rubinacci and designer boutique Brunello Cucinelli in Burlington Gardens all cater to an affluent, well-travelled clientele. An entry level flat can cost over £1m, while the average home costs £4.8m and rents are an average of £1,387 per week. Rising demand has triggered a raft of new luxury schemes in the neighbourhood; 11 new top-end residential developments – providing 160 new homes – are currently under construction, with another 21 – providing a further 410 new homes – in the pipeline. With an average of 2,700 square feet, these new homes are the largest in London, compared to a city-wide average of just 500 square feet. Wetherell forecasts that property values in the area will double over the next ten years, pushing top-end values up into the territory of £10,000 per square foot, with a cost of £5,000 per square foot becoming the norm. Set for completion by the end of 2017, Burlington Gate, Native Land’s £225mMayfair scheme, is centred around the first new arcade inMayfair since 1930, connecting Old Burlington Street with Cork Street. Situated in the fashion and arts district, the project has been designed by architect Rogers Stirk Harbour + Partners to redevelop the existing 83,000 square foot commercial building into 42 luxury apartments with boutique hotel style amenities. According to the team, the key aim is to create a sense of place. The design also sees the ground and