The record transaction was for a penthouse located in the FIVE Luxe JBR Sensoria Tower
Dubai has witnessed its fastest and biggest real estate deal with the sale of an AED50 million penthouse in just three days. The property is located in the FIVE Luxe Sensoria Tower. The buyer was a first-time investor from the Netherlands, seeking to expand his business to Dubai.
The transaction was made by Penthouse.ae, the luxury division of Metropolitan Premium Properties. The penthouse features five bedrooms and spans over 7,900 square feet, each resident will have their own private entrance and coastal views.
Petri Mannila, Sales Director of Penthouse.ae said, “This transaction not only marks a significant milestone for the agency but also demonstrates the continued interest in the Dubai real estate market from international investors. The completion of the sale in just 3 days reflects our team’s commitment to exceptional service, efficiency and the trust investors place in us.”
The volume of real estate transactions in the emirate is expected to reach 300 billion dirhams after a 62 percent increase in the number of wealthy individuals (HNWI) from 2012 to 2022.
Currently, there are more than 68,400 HNWIs living in Dubai, and many of them are increasingly moving to this country.
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