PC: Arabian Business
Whitewill has successfully executed a series of high-value real estate transactions finalized in Dubai, reflecting the continued demand for luxury properties in the emirate. The agency was responsible for a sale for a villa on Palm Jebel Ali’s Frond B for AED 20.57 million ($5.6 million), showcasing the appeal of exclusive waterfront property. The four-bedroom penthouse at The S Tower was sold for AED 18 million ($4.99 million), which further affirms the interest in premium high-rise living. Other significant sales included a four-bedroom apartment purchase with AED 17 million ($4.63 million), Serenia Living, Palm Jumeirah further proving the demands for prestigious residences in one of Dubai’s highly desirable areas.
Whitewill also completed the sale of a three-bedroom apartment in Eden House The Park, which fetched AED 11.3 million ($3.08 million), as well as a villa in Damac Lagoons Venice sold for AED 12.9 million ($3.51 million). Those transactions do reflect the wide array in luxury property investments that are going on across in Dubai from chic city apartments to resort-style waterfront homes.
Commenting on the agency’s performance, Olga Pankina, Chief Operating Officer of Whitewill Dubai, noted that the firm is dedicated to changing the luxury real estate industry in Dubai. Whitewill has proven to land, successfully, with multiple high-value transactions on behalf of both investors and end-users, real estate sales like the record-setting AED 84 million penthouse at Bluewaters and exclusive villas on Palm Jebel Ali, as indicators for strong ongoing demand for ultra-luxury properties in prime locations.
In her view, Whitewill has thus found its success attributed to deep market insights, strong partnerships with leading developers, and a client-centric approach towards smooth and efficient transactions. She further observed the agency anticipated growth in branded and serviced residences, waterfront developments, and sustainable smart-home investments.
Such trends, she stressed, would further entrench Dubai as a leading global real estate destination. The agency identified several market trends shaping the future of Dubai’s property sector. In addition, offline ultra-luxury real estate got its surge, which is due to the preferences of HNWIs versus international buyers in search for shield and premium lifestyle offerings.
Thus, the demand is also increasing for branded and serviced residences, in which investors and homeowners alike prefer world-class amenities alongside seamless property management services. Furthermore, living on the waterfront continues to be highly popular, with buyers preferring properties for easy access to the beach, the marina, or gorgeous views of the coast. Investment into Dubai is therefore multilayered as the latest in a long list of internationally based economic zones that have seen growing interest from portfolio investors and end users looking to secure savvy long-term value in the city.
The future of Whitewill looks towards a further expansion of their key precincts, namely Downtown Dubai, Business Bay, Dubai Marina, and Palm Jumeirah, and is expected to keep up the demand until the end of 2025. Future real estate developments will perhaps be more sustainable in nature and include smart-city technologies to improve both efficiency and sustainability. At the same time, initiatives such as the reintroduction of the UAE’s Golden Visa programme and reforms allowing foreign ownership continue to attract global investors and further bolster Dubai’s status as one of the worlds’ most desirable real estate markets.
