Dubai luxury real estate market hits $212 million in sales

Whitewill, a leading international real estate agency from the UK, has made impressive sales in Dubai’s luxury real estate market, with total transactions exceeding $780 million. Their success is largely driven by international investors looking for high-quality properties in the city.

One of the most notable sales was an AED 84 million ($22.8 million) penthouse at Bluewaters Residences. This penthouse was sold even before its full upgrade was completed, showcasing the strong demand for top-tier properties in the area. Another major deal was the sale of a luxurious apartment in Orla, Omniyat, priced at AED 72 million ($19.6 million). This sale reflects the growing interest in branded residences, which offer exclusive features and high-end living.

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The company has also secured some high-profile deals. Among these are a stunning four-bedroom penthouse at Palm Jebel Ali, which sold for $257 million ($5.6 million), and a four-bedroom apartment in Palm Jumeirah priced at AED 18 million ($4.99 million). There were also several other sales, including three-bedroom apartments at Eden House, which went for AED 11.3 million ($3.08 million), and villas in Damac Lagoon Venice, priced at around $3.51 million.

Olga Pankina, COO of Whitewill Dubai, shared her thoughts on the agency’s continued success, stating, "At Whitewill, we continue to reshape the luxury real estate market in Dubai by securing high-value transactions for both investors and end-users. From the record-breaking AED 84 million penthouse at Bluewaters to exclusive villas at Palm Jebel Ali, these sales reflect the ongoing demand for luxury waterfront living and premium properties."

Pankina also added that their success is supported by strategic insights into the market, strong partnerships with top developers, and a client-focused approach to ensure smooth transactions. She expects continued growth in areas like branded residences, waterfront developments, and sustainable smart homes, which will further strengthen Dubai’s reputation as a global real estate hub.

The market trends suggest a rising demand for ultra-luxury properties, branded residences, and waterfront living. Investors are particularly attracted to Dubai's stable real estate market, its potential for growth, and the attractive lifestyle it offers.

Looking ahead, Whitewill is optimistic about continued growth in popular areas such as Downtown Dubai, Business Bay, Dubai Marina, and Palm Jumeirah. The company also anticipates a focus on sustainability and the integration of smart cities in future developments. Additionally, the Golden Visa Program and recent reforms in the UAE Golden Visa are expected to attract more international buyers and investors to Dubai’s real estate market.

Overall, Dubai’s luxury real estate market is thriving, and Whitewill continues to play a major role in shaping its future.