Event features the participation of 2,900 companies from 59 countries, attracting over 137,000 visitors
business3 days ago
A penthouse has been sold for Dh80 million on Bluewaters Island, becoming the most expensive penthouse to be snapped up on the Island.
Sold by B1 Properties, the four-bedroom penthouse spans an area of 9,252 square feet. The emirate’s luxury property market has seen unprecedented demand, pushing high-end property prices to an all-time high this year.
An apartment at Bvlgari Lighthouse, Jumeirah Bay Island was sold for a whopping Dh410 million ($112 million) earlier this year, becoming the most expensive apartment to be sold ever in the emirate. The nine-bedroom apartment is spread over 38,970 sqft, of which 13,066 sqft consists of a balcony/terrace.
While the most expensive villa was sold in Palm Jumeirah for Dh600 million. Recently, Bugatti Residences by Binghatti launched the most expensive penthouse at Dh750 million.
Deniz Zeybek , Vice President of Sales, B1 Properties, said they have sold properties worth Dh1 billion since their inception a year ago, contributing to Dubai’s growing reputation as a hub for luxury real estate and the continuous interest in the Emirate.
"We are thrilled to have achieved such extraordinary sales in a time when there is a slow-down in the market,” said Babak Jafari, CEO of B1 Properties.
ALSO READ:
Event features the participation of 2,900 companies from 59 countries, attracting over 137,000 visitors
business3 days ago
Gross paid claims of all types of insurance plans rose 34% year on year
business3 days ago
Event attracted representation from more than 60 countries
business3 days ago
Renewed brand identity centres around the belief that “Food is a Blessing”
business3 days ago
Dubai, Abu Dhabi, and Sharjah are among the top 10 startup ecosystems in the region
business3 days ago
Brokers licensed in financial free zones for reinsurance businesses are exempt from these changes as a regulatory regime will apply to them
business3 days ago
Measures are aimed at preserving the integrity and sustainability of the nation's financial and economic system
business4 days ago
Several Indian and foreign companies setting up facilities in India
business4 days ago